What are the responsibilities and job description for the Credit Risk Analyst position at Lensa?
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Creating Peace of Mind by Pioneering Safety and Security
At Allegion, we help keep the people you know and love safe and secure where they live, work and visit. With more than 30 brands, 12,000 employees globally and products sold in 130 countries, we specialize in security around the doorway and beyond. Additionally, in 2024 we were awarded the Gallup Exceptional Workplace Award, which recognizes the most engaged workplace cultures in the world.
Credit Risk Analyst-Remote Indiana
(Candidate may need to travel to the Carmel, IN Office on rare occasions)
At Allegion, we recognize that great talent and breakthrough ideas can come from anywhere. That's why this position offers a flexible remote work arrangement, with occasional on-site visits as needed based on the role. Whether you're working remotely or collaborating in person, we're committed to providing the tools, support, and dynamic environment you need to succeed. At Allegion, your career thrives where innovation meets flexibility, empowering you to achieve your goals while maintaining a healthy work-life balance.
While this is the current structure and we currently have no plans to change, we reserve the right to make changes to the remote schedule as needed at the Company's discretion.
Qualified candidates must be legally authorized to be employed in the United States. The company does not intend to provide sponsorship for employment visa status (e.g., H-1B, TN, etc.) for this employment position.
Job Summary
Develop and implement policies and procedures to evaluate customer financial strength, research credit worthiness, evaluate risk, and recommend credit lines. Develop strategies and goals to reduce exposure to write-offs. Work closely with sales and other departments to communicate credit limits, provide support, resolve problems, and reconcile accounts. Recommend and implement credit extensions/revocations, and/or legal action where necessary. Perform reconciliation, credit adjustments, bad debt write-offs, refunds, customer notification, and other transactions or reports according to company policies and procedures. Stay current on all applicable laws and maintain relationships with outside credit agencies.
What You Will Do
Credit Risk Management for Acquired Businesses:
Allegion is a Great Place to Grow your Career if: ?
Join our team of experts today and help us make tomorrow's world a safer place!
Not sure if your experience perfectly aligns with the role? ?Studies have shown that some people are less likely to apply to jobs unless they meet every single qualification and every single preferred qualification of a job posting. At Allegion, we are dedicated to building a diverse, inclusive, and authentic workplace. So, if you're excited about this role but your past experience doesn't align perfectly with every item in the job description, we encourage you to apply anyway. You may be just the right candidate for this role.
We Celebrate Who We Are!
Allegion is committed to building and maintaining a diverse and inclusive workplace. Together, we embrace all differences and similarities among colleagues, as well as the differences and similarities within the relationships that we foster with customers, suppliers and the communities where we live and work. Whatever your background, experience, race, color, national origin, religion, age, gender, gender identity, disability status, sexual orientation, protected veteran status, or any other characteristic protected by law, we will make sure that you have every opportunity to impress us in your application and the opportunity to give your best at work, not because we're required to, but because it's the right thing to do. We are also committed to providing accommodations for persons with disabilities. If for any reason you cannot apply through our career site and require an accommodation or assistance, please contact our Talent Acquisition Team (Careers@Allegion.com) .
© Allegion plc, 2023 | Block D, Iveagh Court, Harcourt Road, Dublin 2, Co. Dublin, Ireland
REGISTERED IN IRELAND WITH LIMITED LIABILITY REGISTERED NUMBER 527370
Allegion is an equal opportunity and affirmative action employer (https://www.allegion.com/corp/en/careers/equal-opportunity.html)
Privacy Policy
We are Allegion.
A team of experts.
United under a common desire;
Protect today innovate for tomorrow.
And never settle for the status quo.
We believe in anticipating opportunities
by sharpening our skills
and finding new answers
through collaboration.
We believe in a safer, more secure world.
We believe in providing peace of mind.
We believe in being true to ourselves and to those
who trust-in our protection.
We are many. We are one.
We are Allegion.
If you have questions about this posting, please contact support@lensa.com
Creating Peace of Mind by Pioneering Safety and Security
At Allegion, we help keep the people you know and love safe and secure where they live, work and visit. With more than 30 brands, 12,000 employees globally and products sold in 130 countries, we specialize in security around the doorway and beyond. Additionally, in 2024 we were awarded the Gallup Exceptional Workplace Award, which recognizes the most engaged workplace cultures in the world.
Credit Risk Analyst-Remote Indiana
(Candidate may need to travel to the Carmel, IN Office on rare occasions)
At Allegion, we recognize that great talent and breakthrough ideas can come from anywhere. That's why this position offers a flexible remote work arrangement, with occasional on-site visits as needed based on the role. Whether you're working remotely or collaborating in person, we're committed to providing the tools, support, and dynamic environment you need to succeed. At Allegion, your career thrives where innovation meets flexibility, empowering you to achieve your goals while maintaining a healthy work-life balance.
While this is the current structure and we currently have no plans to change, we reserve the right to make changes to the remote schedule as needed at the Company's discretion.
Qualified candidates must be legally authorized to be employed in the United States. The company does not intend to provide sponsorship for employment visa status (e.g., H-1B, TN, etc.) for this employment position.
Job Summary
Develop and implement policies and procedures to evaluate customer financial strength, research credit worthiness, evaluate risk, and recommend credit lines. Develop strategies and goals to reduce exposure to write-offs. Work closely with sales and other departments to communicate credit limits, provide support, resolve problems, and reconcile accounts. Recommend and implement credit extensions/revocations, and/or legal action where necessary. Perform reconciliation, credit adjustments, bad debt write-offs, refunds, customer notification, and other transactions or reports according to company policies and procedures. Stay current on all applicable laws and maintain relationships with outside credit agencies.
What You Will Do
Credit Risk Management for Acquired Businesses:
- Assist with integrating acquired companies into our credit processes
- New Customer Setup:
- Collect required documents (application, W9, tax exemption certificate if applicable).
- Assign sector number, terms, and credit limit.
- Ongoing credit limit and project review:
- Utilize job info form to assign special project terms (including deposits as needed).
- Manage risk associated with slow pay customers and customers whose orders exceed their credit limit.
- Review customers where sales or a specific project is beyond their approved credit limit.
- Obtain financials to find a way to support revenue.
- Perform other ad-hoc duties as assigned related to business changes, special projects, etc.
- Complete credit line reviews with financial statements to support revenue growth.
- Ensure faster turnaround times for quick decisions on orders on credit hold and/or large project orders on accounts with inadequate credit limits.
- Support flexed credit lines, including where NCS mechanics lien notices have been filed to secure Allegion's position.
- Provide frequent updates based on shipping dollars, completion dates, etc., to ensure Allegion's rights are enforceable and actions are timely.
- Maintain lien waivers to ensure rights are retained based on payments received.
- Utilize credit instruments to capture revenue securely on higher-risk accounts.
- Assist in coverage for the Credit Risk Analyst during PTO.
- Collect back unearned discounts on for top offenders
- Work with smaller dollar offenders to reclaim unearned cash discount dollars (VDI, Schlage, LCN) that Allegion Americas does not presently pursue.
- Term out an account to "Net 35" for repeat offenders.
- Partner with Allegion Sales and external customers to change customer behavior in taking early pay discounts and repaying unearned discounts.
- Expand enforcement of early pay cash discount with Allegion Canada/Steelcraft/Republic.
- Expand Allegion Americas Credit team to complete additional manual reviews annually on medium to high-risk customers per policy to mitigate risk to Allegion.
- Manage CRM approvals regarding account changes, new account setup, brand adds.
- Bachelor's degree in business, Finance, Accounting, or equivalent experience.
- 2-4 years of finance experience preferred.
Allegion is a Great Place to Grow your Career if: ?
- You're seeking a rewarding opportunity that allows you to truly help others.? With thousands of employees and customers around the world, there's plenty of room to make an impact. As our values state, "this is your business, run with it".
- You're looking for a company that will invest in your professional development.? As we grow, we want you to grow with us.?
- You want a culture that promotes work-life balance.? Our employees enjoy generous paid time off, because at Allegion we recognize that you have a full life outside of work!?
- You want to work for an award-winning company that invests in its people. Allegion is proud to be a recipient of the Gallup Exceptional Workplace Award for the second year in a row, recognizing our commitment to employee engagement, strengths-based development, and unlocking human potential.
- Health, dental and vision insurance coverage, helping you "be safe, be healthy".?
- A commitment to your future with a 401K plan, offering a 6% company match and no vesting period?
- Tuition Reimbursement??
- Unlimited PTO
- Employee Discounts through Perks at Work ?
- Community involvement and opportunities to give back so you can "serve others, not yourself"
- Opportunities to leverage your unique strengths through CliftonStrengths testing and coaching?
Join our team of experts today and help us make tomorrow's world a safer place!
Not sure if your experience perfectly aligns with the role? ?Studies have shown that some people are less likely to apply to jobs unless they meet every single qualification and every single preferred qualification of a job posting. At Allegion, we are dedicated to building a diverse, inclusive, and authentic workplace. So, if you're excited about this role but your past experience doesn't align perfectly with every item in the job description, we encourage you to apply anyway. You may be just the right candidate for this role.
We Celebrate Who We Are!
Allegion is committed to building and maintaining a diverse and inclusive workplace. Together, we embrace all differences and similarities among colleagues, as well as the differences and similarities within the relationships that we foster with customers, suppliers and the communities where we live and work. Whatever your background, experience, race, color, national origin, religion, age, gender, gender identity, disability status, sexual orientation, protected veteran status, or any other characteristic protected by law, we will make sure that you have every opportunity to impress us in your application and the opportunity to give your best at work, not because we're required to, but because it's the right thing to do. We are also committed to providing accommodations for persons with disabilities. If for any reason you cannot apply through our career site and require an accommodation or assistance, please contact our Talent Acquisition Team (Careers@Allegion.com) .
© Allegion plc, 2023 | Block D, Iveagh Court, Harcourt Road, Dublin 2, Co. Dublin, Ireland
REGISTERED IN IRELAND WITH LIMITED LIABILITY REGISTERED NUMBER 527370
Allegion is an equal opportunity and affirmative action employer (https://www.allegion.com/corp/en/careers/equal-opportunity.html)
Privacy Policy
We are Allegion.
A team of experts.
United under a common desire;
Protect today innovate for tomorrow.
And never settle for the status quo.
We believe in anticipating opportunities
by sharpening our skills
and finding new answers
through collaboration.
We believe in a safer, more secure world.
We believe in providing peace of mind.
We believe in being true to ourselves and to those
who trust-in our protection.
We are many. We are one.
We are Allegion.
If you have questions about this posting, please contact support@lensa.com
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