Credit Analyst

Do it Best•Fort Wayne, IN

1d•Onsite

About The Position

Recommend and review credit review points for new and existing accounts; review established accounts to determine compliance with credit limits and payment terms; analyze financial statements, credit reports, security documents and Letters of Credit to maximize credit extension while managing True Value Company's risk; assist customers with claims and disputes.

Requirements

Bachelor’s Degree or equivalent work experience.
1-3 years of experience, preferably in Finance.
Intermediate knowledge of MS Office (Word, Excel and PowerPoint).

Responsibilities

Monitor and collect outstanding debt as directed on Active/Inactive past due accounts
Review and approve orders after verifying Customer payment status, financial position and True Value security position
Maintain existing portfolio of account files with current financial information, business credit reports, and personal credit bureau reports
Interface with sales reps, A/P department, order processing, warehouse and Customer Support on new and existing True Value stores
Initiate and follow up on Letters of Credit, collateral deposits, wire transfers, cash applications and reconciliation of funds.
Prepare, process, file and maintain security documentation where required (UCC-1, UCC-3, L/C's, Collateral Deposits, etc.)
Perform financial statement analysis of new and existing stores to determine financial strength, credit line, security requirements, and risk analysis; consulting with Regional Directors/Retail Consultants and Retail Finance Manager on analysis of operational challenges on new/existing Customers
Responsible for performing customer account reconciliation to include the identification of account statement items and communicating the status of open items to members, etc.
Process New Customer Packages, reviewing for accuracy and completeness
Contact accounts, vendors and freight forwarders as necessary to resolve disputed invoices