What are the responsibilities and job description for the Credit Analyst position at Gerdau?
BASIC FUNCTION:
The Credit Analyst handles development and implementation of GABS and process improvements for the credit department. The Credit Analyst acts as a liaison between the company and outside entities including customers, credit reporting agencies, and legal counsel. The Credit Analyst also conducts the acquisition process in its entirety, as it relates to the department. The Credit Analyst supports the department during peak times and absences.
Reporting to this position for A/R:
1. Credit approval authority limit, per order: $500,000
2. Account Receivable by Credit Analyst $75 Million
3. Part of the team managing $400M in company assets.
4. Provide credit services for assigned product lines or regions.
NATURE AND SCOPE:
Report directly to the Director of Credit, Collections, and Accounts Receivable along with Regional Credit Manager Rebar Fabrication (2), Accounts Receivable and Downstream Credit Manager, and Mills Credit Manager. In some cases, may report directly to Sr. Credit Analyst.
Provide support and services for all US locations for credit, collections, and accounts receivable functions.
Qualifications for this position include broad exposure to credit practices and procedures. Learning background and/or training experiences should be equivalent to that as may be demonstrated by a bachelor’s degree in business from an accredited college or university combined with two years of experience is preferred. However, 1-3 years credit experience would be acceptable.
Incumbent is required to work with Access, Excel, Power Point, and Word. Working knowledge with an ERP system is strongly preferred.
Monitor, report progress, and lead process improvements; initiatives for all GABS and process improvement functions for Credit, Collections, and Accounts Receivable in US operations.
Maintain, update, archive, and distribute all department GABS and process improvements statistics, with graphics as necessary.
Conduct lockbox studies annually to ensure payments are being directed to proper lockbox for maximum efficiency.
Assist in Department Training and Development initiatives such as Rebar Fabricating Contract Administration Seminars, given at RF Regional Sales Meetings.
Credit Analyst verifies credit standing and credit extension from information in files and approves or disapproves credit, based on acceptable standards. Credit approval may be granted with certain restrictions, terms and parameters determined from investigative credit analyses applied within established guidelines. This position regularly works with credit reports, financial statements, credit interchanges, individual and inter-company guarantees, letters of credit, with exposure to bond regulations and types as well as lien laws.
The Credit Analyst will also oversee follow-up on all collection litigation pertaining to the department.
Additionally participate in Benchmarking and other activities of the Credit Research Foundation particularly standards, best practices pertaining to accounts receivable, collection, and credit functions.
Actively participates in approximate credit associations and their seminar activity in order to establish a network and maintain functional credit communications.
PRINCIPAL ACCOUNTABILITIES:
- Responsible for timely and accurate processing and reporting of accounts receivable.Responsible for maintaining accurate and current records, files, statements, notices, etc., as necessary for the ongoing integrity of account information.Responsible for all audit confirmations and verifications including internal, external and customer generated requests for verifications of balances.Responsible for proper, effective and efficient work methods.Responsible for carrying out company policy and programs.Responsible for credit investigation concerning the opening of new accounts.Responsible for setting up new accounts, including entering data into the system, establishing a physical credit file with appropriate documentation, and interface with the sales team regarding the status of the new accountsResponsible for efficient and effective credit investigation and approval, to ensure an acceptable range of risk and ultimate collect ability within a reasonable time.Responsible for timely collection of customer accounts.Responsible for assigning credit limits, updating account indicative information and monitoring accounts based on the latest information available.Responsible for division and management interface as it relates to status and condition of related receivables.Responsible for up to 15% travel to promote internal and external customer relationships and to meet additional company objectives.Responsible for filing pre-lien or bond application to protect rights on secured accounts and the analysis of lien releases.Responsible for cooperation with supervisors, departments and services to maintain coordinated efficiency of credit related operations in-house and externally.Responsible for keeping department apprised of the capabilities and uses of the credit/accounts receivable system (Lawson).GABS, 5S and other process improvement initiatives. Interfaces with internal & external and CIT auditors and compliance with Sarbanes-Oxley, as well as updating the Credit Department Policies, Procedures and Operations Manual.
Salary : $500,000
