Credit Risk Analyst

Eaton Corporation•Coraopolis, PA

About The Position

Work as a ‘Business Partner' with finance, accounting, business operations & senior management across the region & across ERP systems - submitting & obtaining approval for all credit limits & being responsible for the approved release of credit-blocked orders. Ensure full portfolio is compliant to Credit Procedures & meets internal controls, Sarbanes Oxley & audit requirements. Ensure all customer master data in the area of credit management is accurate & up to date. Conduct credit worthiness checks on new & existing customers using 3rd party credit agencies. Provide risk recommendations to management for new & existing customers based on available information and annual reviews based on new financial data. Know when to escalate larger and more complex cases to senior Credit Risk Team staff. Manage & monitor end-to-end decision-making process to ensure alignment to customer (internal/external) expectations. Procedure & take appropriate actions / notify and discuss with relevant stakeholders. Escalating more complex cases to senior Credit Risk Team staff. Help negotiate acceptable solutions & credit risk mitigation actions with stakeholders - working alongside senior Credit Risk Team staff where required. Ensure risk escalation process is followed, informing senior management as necessary. Support standard Credit Management KPI's in conjunction with the collection teams (Past Due, Collection Efficiency and DSO goals). Ensure integrity of customer payment terms across the region & recommend / drive standardization of payment terms across divisions where required. Assist with periodic or ad hoc reports & assist with any other reporting. We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law. Qualified applicants with arrest or conviction history will be considered regardless of their arrest or conviction history, consistent with the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act and other local laws. You do not need to disclose your conviction history or participate in a background check until a conditional job offer is made to you. To request a disability-related reasonable accommodation to assist you in your job search, application, or interview process, please call us at 1-800-836-6345 to discuss your specific need. Only accommodation requests will be accepted by this phone number. We know that good benefit programs are important to employees and their families. Please note that specific programs and options available to an employee may depend on eligibility factors such as geographic location, date of hire, and the applicability of collective bargaining agreements.

Requirements

Must have a minimum of a High School Diploma or GED from an accredited institution
Minimum of 2 years' experience in a multinational finance / credit / collection's role
No relocation benefit is being offered for this position. Only candidates within a 50-mile radius of Moon, Twp OH will be considered. Active-Duty Military Service member candidates are exempt from the geographical area limitation.
Must be able to work in the United States without corporate sponsorship now and within the future
Possess a good analytical understanding of corporate credit risk analysis - or willingness & ability to learn this
Understanding of the Order to Cash process
Proven ability to work with multiple and sometimes complex processes
Can manage own time / priorities / multiple tasks under pressure
Good decision-making skills and knowing when to escalate at the correct times
Record in achieving and exceeding goals/targets essential
Proven customer focus and service delivery
Quality communication skills: ability to write accurate, clear, concise bullet points covering key issues
Strong team player / happy with hard but interesting & varied (& career-building) work

Responsibilities

Submitting & obtaining approval for all credit limits
Responsible for the approved release of credit-blocked orders
Ensure full portfolio is compliant to Credit Procedures & meets internal controls, Sarbanes Oxley & audit requirements
Ensure all customer master data in the area of credit management is accurate & up to date
Conduct credit worthiness checks on new & existing customers using 3rd party credit agencies
Provide risk recommendations to management for new & existing customers based on available information and annual reviews based on new financial data
Escalate larger and more complex cases to senior Credit Risk Team staff
Manage & monitor end-to-end decision-making process to ensure alignment to customer (internal/external) expectations
Procedure & take appropriate actions / notify and discuss with relevant stakeholders
Escalating more complex cases to senior Credit Risk Team staff
Help negotiate acceptable solutions & credit risk mitigation actions with stakeholders - working alongside senior Credit Risk Team staff where required
Ensure risk escalation process is followed, informing senior management as necessary
Support standard Credit Management KPI's in conjunction with the collection teams (Past Due, Collection Efficiency and DSO goals)
Ensure integrity of customer payment terms across the region & recommend / drive standardization of payment terms across divisions where required
Assist with periodic or ad hoc reports & assist with any other reporting