Credit Analyst

MillerKnoll•Zeeland, MI

19h

About The Position

Our purpose is design for the good of humankind. It’s the ideal we strive toward each day in everything we do. Being a part of MillerKnoll means being a part of something larger than your work team, or even your brand. We are redefining modern for the 21st century. And our success allows MillerKnoll to support causes that align with our values, so we can build a more sustainable, equitable, and beautiful future for everyone. The Credit Analyst is responsible for conducting risk analysis of new and existing customers through varied forms of information and tools to facilitate sales securely within established policies that will result in maximum sale and sound receivables. This role involves working with and building relationships with internal and external customers to gather information and mitigate risk in a variety of situations.

Requirements

Bachelor's Degree in Accounting / Finance. required.
4 years of experience of professional accounting/finance experience required.
1-2 years of experience of experience conducting financial statement analysis required.
Advanced Excel Skills
Advanced Experience with an Order to Cash system
Excellent verbal and written communication skills
Experience reading and interpreting payment terms for contracts, ability to influence and advise terms for negotiating contracts
Knowledge of revenue recognition principal according to US GAAP
Basic understanding of how to extract the business impact from financial statements and reports.
Thorough understanding of customer financial statements to determine credit risk.
Knowledge of credit tools to reduce and mitigate credit risk.
Ability to monitor exposure of multiple customer accounts and orders.
Ability to effectively communicate and influence credit risk and terms at various levels with internal and external client groups

Responsibilities

Build relationship with Dealers to consult on ways to improve their financial situation
Gather all documentation to conduct a proper analysis of customers credit worthiness and present to Credit Manager
Involved in work out plans for high risk customer
Meet with internal Sales department to report on predetermined high risk accounts
Monitor orders for risk exposure, and ensure the terms are within the risk tolerances.
Negotiate contract terms that promotes cash flow and mitigates risk.
Protect Herman Miller’s interests.
Understand preferred risk mitigation tools and when to use them appropriately
Work closely with A/R Analysts on escalated payment issues to ensure payment is received within terms and check to make sure there are no financial concerns.
Ensure accounts are current and within their credit limit.
Conduct work out plans to rectify if not.
Work with direct customers to determine their creditworthiness and arrive at acceptable credit terms
Works within and maintains Credit Policy and Procedures
Performs additional responsibilities as requested to achieve business objectives.