What are the responsibilities and job description for the Credit Analyst position at IDI: Insulation Distributors Inc.?
Job Summary
Compensation: $72,142 - $101,050
The Credit Analyst is responsible for managing all credit, collection, and accounts receivable reconciliation activities for a designated portfolio of customers.
Responsibilities/Duties
Compensation: $72,142 - $101,050
The Credit Analyst is responsible for managing all credit, collection, and accounts receivable reconciliation activities for a designated portfolio of customers.
Responsibilities/Duties
- Credit Management:
- Review incoming credit applications and provide recommendations to the Credit Management Team.
- Periodically evaluate customer financial conditions, including credit scores, sales field information, and payment trends, to assess financial position and credit risk.
- Review customer orders exceeding credit limits or past due triggers, taking appropriate action to release orders or re-establish creditworthiness.
- Identify customers needing increased credit limits to support business growth, perform credit reviews, and provide recommendations to the Credit Management Team.
- Collections:
- Build strong relationships with internal and external customers to maximize cash flow through efficient collections.
- Initiate timely collection activities, including phone calls, emails, and other communications, to address account delinquencies proactively.
- Work with past due customers and their sales representatives professionally, documenting discussions and agreements, and ensuring timely follow-up.
- Conduct collection activities in compliance with federal, state, and local regulations, laws, statutes, and company policies.
- Develop payment plans as needed.
- Resolve issues related to disputed invoices with customers and the sales team to enable invoice collection or resolution of short-paid invoices.
- Other Duties:
- Perform other duties as beneficial to IDI.
- Leads Self
- Communicates Effectively & Candidly
- Drives for Results
- Demonstrates Accountability
- Takes Initiative
- Collaborates
- Technical Skills:
- Proficiency and experience in understanding Credit Reports and Credit Scoring
- Proficiency in Microsoft Office software, including Excel and MS Word
- Communication Skills:
- Excellent interpersonal, written, and verbal communication skills
- Strong negotiating skills
- Interpersonal Skills:
- Ability to work effectively with diverse groups of people
- College degree in Business or related field and/or equivalent experience
- 3 years Credit experience or related experience in field of finance preferred
Salary : $72,142 - $101,050