Credit Analyst

The Vollrath Company•Sheboygan, WI

10d•Onsite

About The Position

The Credit Analyst will manage a portfolio of customer accounts to determine credit worthiness, to maximize cash flow and to mitigate the risk of bad debt.

Requirements

Minimum of 2 years’ related experience in the credit and collection field.
PC skills with working knowledge of Microsoft Word and Excel.
Strong ten key calculator ability.
General knowledge of credit and collection practices.
Strong verbal and written communication skills with ability to interact successfully with people at all levels.
Must be able to organize and work independently with minimal supervision.
Ability to maintain a high degree of accuracy in detailed work.
Ability to handle exceptions to routine procedure.
Ability to work under time-constrained pressures.
Ability to work with and interpret various numbers and combinations of numbers in relationship to discount items, pricing, etc.

Nice To Haves

Degree in Business Administration is preferred with a Finance or Accounting emphasis.

Responsibilities

Analyze requests for credit on assigned portfolio of domestic customers to minimize bad debt risk and maximize accounts receivable collection.
Recommend changes of credit limits to credit management.
Initiate credit investigations using credit reporting agencies, industry reports, and bank and trade references.
Analyze financial statements.
Calculate financial ratios and analyze data.
Compile reports regarding finance and credit data.
Evaluate credit information to determine credit acceptability and recommend credit line to credit management.
Set, review, and revise credit limits.
Determine where restrictive selling terms are necessary.
Recommend change of terms to credit management.
Review files and maintain current information on active accounts.
Responsible for collection activity and follow-up of assigned portfolio of domestic customers.
Review customer files to identify, prioritize and select delinquent accounts for collection.
Contact customers for payment of past due accounts and payment irregularities.
Reconcile accounts and answer customer inquiries regarding balances. This may include short paid invoices, tracking information, POD’s, pricing disputes, shortages and overages to shipments, unearned cash discounts and freight costs.
Inform sales personnel of collection problems and request their assistance when necessary.
Secure information for presentation to Company personnel and customers to settle disputed balances.
Refer unusual or difficult collection problems to Credit Management with recommended courses of action.
Assist in preparing legal documents required for suit actions and bankruptcy filings.
Maintain files and follow-up on bankruptcy claims and accounts placed with collection agencies and attorneys.
Some travel is involved to visit with customers or to attend credit meetings and credit educational functions.
All other duties as assigned.