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Credit Analyst
$63k-82k (estimate)
Full Time | Durable Manufacturing 7 Days Ago
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Preformed Line Products is Hiring a Credit Analyst Near Mayfield, OH

The Credit Analyst will assist the Credit Manager with development and execution of policies and procedures for valuation of credit for third-party customers (domestic and international) credit and collection activities for PLP USA. Apply cash payments daily, reconcile differences between payment and amount due as necessary. Analyze customer payment trends and recommend to Credit Manager adjustment of credit terms on customer accounts. Ensures proper recordation of cash receipts and adjustments in customer accounts. Investigate and collect delinquent accounts of customers. Coordinates legal requirements with internal/external legal counsel related to customer delinquencies and bankruptcies. Manufacturing Process Specialist will drive global manufacturing performance improvement through equipment, process engineering, and product engineering collaboration.
Essential Functions:
  • Supports the Credit manager, ensuring accurate recording of cash receipts to individual customer accounts and reconciles customer accounts to general ledger. Handles, processes, and records cash receipts from all sources, foreign and domestic. Ensures accuracy of the accounting distribution of all miscellaneous cash receipts and proper recordation in detail records.
  • Assist Credit Manager with reviews, analysis and interpretation of third-party customer financial data and independent party credit reports to assess credit risk and establishes initial credit line and payment terms for new credit requests. Adjusts existing customer accounts credit line and payment terms by analyzing current trends in customer purchases, payment history, and financial risks.
  • Corresponds directly with customer to resolve past due open items and collect delinquent amounts. Communicates to marketing and sales personnel on actions taken and solicits their counsel and assistance where necessary.
  • Assist Credit Manager with override approval on open orders on credit hold and releases open orders for shipment.
  • Directs sales service department to issue debit and credit memos based on detail review and analysis of customer accounts when appropriate.
  • Assist with recommendation of uncollectable amounts for write off.
  • Serve as back-up in performance of Credit Managers responsibilities.
  • Prepares and reviews monthly aging reports for both domestic and international customer accounts and other financial reports and summaries as assigned. Runs and reviews monthly customer statements, attaching written comment and invoice attachments when appropriate.
  • Maintains customer credit files including financial statements and credit reports.
  • Although not directly related to credit and collections, assist other finance department activities
Qualifications and Requirements
  • Associates or Bachelors degree in business or equivalent.
  • Three to five years of related experience.
  • Ability to use a computer and applications such as Microsoft Word and Excel.
  • Must be a self-starter and able to work both independently and with the sales and marketing team to achieve company wide goals.
  • Must have communication skills to interact effectively with customer’s procurement and financial management personnel to resolve discrepancy and payment issues. Must maintain independence and courage of conviction to protect company assets and practices for credit and collection. Must be able to effectively communicate and work with Company management.
  • Must have and maintain the prerequisite computer skills necessary to successfully complete assigned responsibilities.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Durable Manufacturing

SALARY

$63k-82k (estimate)

POST DATE

04/26/2024

EXPIRATION DATE

06/24/2024

WEBSITE

preformed.com

HEADQUARTERS

MAYFIELD VILLAGE, OH

SIZE

1,000 - 3,000

FOUNDED

1947

TYPE

Public

CEO

ROBERT G RUHLMAN

REVENUE

$200M - $500M

INDUSTRY

Durable Manufacturing

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About Preformed Line Products

Preformed Line Products designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks.

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The job skills required for Credit Analyst include Financial Statements, Accounting, Credit Risk, Credit Reports, Communication Skills, Communicates Effectively, etc. Having related job skills and expertise will give you an advantage when applying to be a Credit Analyst. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Credit Analyst. Select any job title you are interested in and start to search job requirements.

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