Credit and Collections Associate

Element Solutions Inc•Waterbury, CT

1d•$60,000 - $80,000•Onsite

About The Position

The US FSSC consists of a professional staff whose objective is to provide the US business units with specialized financial services including Credit and Collections services, by employing sound credit judgment to achieve company sales and profit objectives. The Credit Analyst performs a variety of duties related to both extending and monitoring customer credit and the collection of customer AR balances, in accordance with company policies and departmental procedures. This position is an active part of a cross-functional team and may include daily interactions with various levels of personnel in Sales, Customer Service and Finance.

Requirements

Bachelor’s degree required in Accounting/Finance preferred
Experience using ERP’s such as SAP, S/4 and JDE
5 years of prior experience as a Credit Analyst in a fast-paced environment, preferably in manufacturing
Effectively secure prompt payment from customers while employing commercial sensitivity, business acumen, and good judgment
Understand and apply basic accounting principles in the interpretation of customer financial statements.
Effective business writing and professional communication skills
Demonstrated Effective Customer Service Skills
Strong team-building skills and the proven ability to work with a diverse group of people.
Proficiency in MS Office including Excel, Word, and Outlook; pivot tables and v-lookup functions.

Responsibilities

Minimize bad debt risk, maximize accounts receivable collections
Resolve outstanding accounts receivable issues (including disputes and discrepancies on invoices) through customer contact and coordination of collaborative efforts with Sales, Customer Service and Accounting and Executive Management
Analyze customer financial condition and establish customer credit lines
Prepare and issue monthly Credit and Collections KPI’s
Approve new credit accounts by checking trade references and D&B listings
Promptly inform management of any potential problem accounts
Prepare and maintain accurate notes in the ERP system on all conversations with customers concerning collections etc.
Report all pertinent credit related issues to the appropriate salesperson (inside or outside)
Comply with SOX controls and reporting, including supporting audits
Participate in process improvement projects, and support other management directives as prescribed
Analyze customer financial statements
Conduct collection calls
Negotiate customer disputes to resolution and documents root cause
Provide customer service and develops relationships with internal/external customers and suppliers
Maintain accurate credit files and collection files. Maintain electronic collect notes for each customer account
Support Sarbanes Oxley audits of Credit and Collections
Actively participates and communicates in the team-based work groups that make up the Credit Department