Credit Analyst

Insulation Distributors • Chanhassen, MN

17d • $65,500 - $91,600

About The Position

The Credit Analyst is responsible for managing all credit, collection, and accounts receivable reconciliation activities for a designated portfolio of customers.

Requirements

• Proficiency and experience in understanding Credit Reports and Credit Scoring
• Proficiency in Microsoft Office software, including Excel and MS Word
• Excellent interpersonal, written, and verbal communication skills
• Strong negotiating skills
• Ability to work effectively with diverse groups of people
• College degree in Business or related field and/or equivalent experience
• 3+ years Credit experience or related experience in field of finance preferred

Responsibilities

• Review incoming credit applications and provide recommendations to the Credit Management Team.
• Periodically evaluate customer financial conditions, including credit scores, sales field information, and payment trends, to assess financial position and credit risk.
• Review customer orders exceeding credit limits or past due triggers, taking appropriate action to release orders or re-establish creditworthiness.
• Identify customers needing increased credit limits to support business growth, perform credit reviews, and provide recommendations to the Credit Management Team.
• Build strong relationships with internal and external customers to maximize cash flow through efficient collections.
• Initiate timely collection activities, including phone calls, emails, and other communications, to address account delinquencies proactively.
• Work with past due customers and their sales representatives professionally, documenting discussions and agreements, and ensuring timely follow-up.
• Conduct collection activities in compliance with federal, state, and local regulations, laws, statutes, and company policies.
• Develop payment plans as needed.
• Resolve issues related to disputed invoices with customers and the sales team to enable invoice collection or resolution of short-paid invoices.
• Perform other duties as beneficial to IDI.

Benefits

• health coverage (medical, dental, vision)
• 401(k) with a company match
• paid time off for vacation and holidays
• life and disability insurance
• employee assistance program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees