Credit Analyst

Berlin Packaging•Chicago, IL

6h•$68,000 - $75,000•Hybrid

About The Position

Berlin Packaging is the premier supplier of rigid packaging. With over $3 billion in revenue, we grow 5x faster than the overall packaging industry. Chances are you enjoy products supplied by Berlin Packaging every day! We serve virtually every end market: automotive, beverage, food, home care, industrial chemical, pet care and veterinary, personal health and beauty, wine and spirits, and cannabis. Combine that with our “Anything is Possible” mindset and our winning culture, our 2,000+ employees agree, we love it here. Our engagement scores are 2x the national average. And every single employee shares in Berlin’s profitable growth. Now you understand why since1898, our 100+ year-old company has grown 5x faster than our industry! Are you ready for the opportunity of a lifetime? If so, we are hiring a Credit Analyst who will be responsible for managing the company’s financial risk of extending credit for specific business units and promote strong cash collections by properly enforcing customers payment terms.

Requirements

Bachelor’s degree in business or finance or the equivalent experience
Three plus (3+) years of relevant commercial credit and collection experience
Basic accounting, financial statement, and bankruptcy
Intermediate/Advanced level proficiency with Microsoft Excel
Follow-up skills, attention to detail, ability to multi-task, and possesses a high sense of urgency
Performs work under minimal Handles complex issues and problems and only refers the most complex issues to higher-level staff
Must be able to work independently as well as in a group setting with minimal supervision
Strong business judgment and knowledge of credit and collection tools and techniques
Ability to effectively communicate to all audiences
Ability and desire to motivate team members whether a direct report or
Interpersonal effectiveness and time management Must be able to work independently as well as in a group setting with minimal supervision
Strong business judgment and knowledge of credit and collection tools and techniques

Responsibilities

Manage credit and collection activities for portfolio of business unit(s) including processing new credit applications by reviewing credit data and approving credit limits for new and existing customers up to $500K.
Ensure compliance of payment terms, timely dispute resolution, and perform account reconciliation by reviewing aging reports weekly. Schedule frequent communication with sales and operations to coordinate plan for corrective action.
Address delinquent payments by contacting customers and work with internal business partners to resolve customer issues where necessary.
Monitor for signs of financial problems and report to immediate manager an action plan to mitigate
Prepare and follow through payment schedules for customers who need temporary extended payment
Validate orders, which are placed on hold by ERP at the time of order
Ensure credit exposure for ongoing customers are maintained within their approved
Build new and strengthen existing relationships with customers, both internal and
Assist immediate manager in presenting credit related training
Prepare monthly reports of past due accounts and other various reports as
Effectively negotiate in complex customer situations with assistance from immediate
Recommend and implement credit and operational processes & procedures for continuous improvements by collaborating with various departments including leveraging technology where appropriate.
Provide accurate customer trade
Promote sales growth by using discretion and professional judgement to prevent credit & collection efforts from adversely affecting customer relations.
Fulfill employee portion of the “Berlin T-Chart”.
Meet or exceed individual KPI goals with which include, but not limited to DSO, % current, Bad Debt Expense, and Cash Collections
Other duties assigned by

Benefits

Competitive PTO including vacation, personal days, holidays, and sick time
1Berlin Shared Ownership Plan
Profit sharing
401(k) with company match
Medical insurance including dental insurance
Health Savings Account (HSA)
Flexible spending accounts (FSAs) for transportation, medical, and dependent care expenses
Vision insurance options
Paid parental leave for up to 12-weeks
Health club reimbursement
Tuition reimbursement
529 college savings plan
Employee Assistance Program for mental health and well-being
Calm app to improve mental wellbeing
Employee referral program
Company sponsored life insurance with optional voluntary life insurance
Company sponsored short- and long-term disability