CREDIT ANALYST

Formosa Plastics•Livingston, NJ

9d•Onsite

About The Position

The Credit Analyst will fully utilize their knowledge and skills of the credit function to release daily orders for Formosa customers, while supporting the customers and Business Unit in their daily operations and continuous development. This role involves performing the collection of accounts receivable for a specifically assigned business unit and maintaining a high level of collection performance as measured by an annual target for past due receivables. The Credit Analyst will also perform good communication skills and maintain a good relationship with business units and customers. They will maintain targets and goals as established by management, including collection performance (better than 2.00% overdue and individual goals for business divisions), preventing bad debt losses (below overall target of 0.0500%), keeping payment discrepancies at a low level, and obtaining internal client satisfaction survey scores better than 9.3 overall.

Requirements

Bachelor’s degree & 1–3 years of relevant experience or No degree & 4–6 years of relevant experience
Continual development as required such as (examples): Standard Operating Procedures (SOP’s), Financial Statement Analysis, Collection Techniques and other internal and external training as planned, developed, and prescribed.
Must have regular, reliable attendance as well as the ability to work outside the regular schedule as required.

Responsibilities

Monitor assigned accounts and perform the appropriate collection action to ensure accounts are current. Maintain collection targets annually as established by management.
Prepare detail information for cash application; Account reconciliation.
Communicate with customers and Business Department to resolve any payment and/or credit problems.
A/R write-off and/or adjustments of payment discrepancies when deemed appropriate.
Conduct the initial investigation and complaint filing of payment discrepancies.
Maintain professional communications with the customers and sale personnel as to how it relates to the credit and collection function.
Formal and informal reporting of on-going situations as how they relate to past dues and to problems that credit might be solving upon behalf of the customer and the business area.
Daily credit review of credit hold orders.
Review customer’s payment history and financial status to justify order release.