Credit Analyst

Insulation Distributors•Chanhassen, MN

8h•$48,300 - $67,620

About The Position

IDI Distributors is America’s largest family owned and operated wholesale insulation distributor backed by over 40 years of proven success. With over 500 employees in 55 locations across the country IDI prides itself on providing best-in-class customer service to the residential and commercial construction industry. Salary: $48,300 - $67,620 (dependent on qualifications) Job Summary: The Credit Analyst is responsible for all credit, collection, and accounts receivable reconciliation activities related to a specific portfolio of customers.

Requirements

Proficiency and experience in understanding Credit Reports and Credit Scoring
Proficiency in Microsoft Office software including Excel and MS Word
Must have excellent interpersonal, written and verbal communication skills
Must have strong negotiating skills
Ability to work effectively with diverse groups of people
Demonstrates the ability to work in a fast-paced environment and evaluate priorities
Works well independently and as a member on a team
College degree in Business or related field and/or equivalent experience.
3+ years Credit experience or related experience in field of finance preferred

Responsibilities

Reviews incoming credit applications and provides recommendation to Credit Management Team
Builds strong relationships with internal and external customers and leverages those relationships to maximize cash flow through efficient collections
Initiates on a timely basis collection activity with customers including telephone calls, e-mails, and other communications to proactively deal with account delinquencies
Works with past due customers and their respective sales representatives in a professional manner and carefully documents all discussions and agreements while ensuring timely follow-up
Conducts collection activities in accordance with all federal, state and local collection regulations/laws/statutes/company policies
Develops payment plans where it is needed
Works with customers and sales team to resolve issues related to disputed invoices to enable collection of invoice or resolution of short paid invoices
Reviews all customer orders exceeding credit limit and/or past due triggers and takes appropriate action needed to release order or works with customer to re-establish credit worthiness
Reviews on a periodic basis customer financial conditions including credit scores, field information from salespeople and current account payment trends to evaluate customer’s financial position and credit risk to IDI
Works with Sales Team as needed to identify customers requiring increase in credit limit to accommodate growing business.
Performs credit review and provides recommendation to Credit Management Team
Other duties as beneficial to IDI