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Summary
Credit Analyst is responsible for evaluating credit worthiness of customers, and monitoring and coordinating credit activities for the organization.
Responsibilities include:
· Coordinates credit approval process, including but not limited to processing credit applications and initiating inquiries into customer’s bank and trade references.
· Assesses the creditworthiness of potential customers, including establishing payment terms and credit limits; handles special credit arrangements and deviations from standard terms of payment.
· Analyzes credit data and financial statements of individuals or businesses to identify the degree of risk involved in lending money or extending credit.
· Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity. Assist with investigation of discrepancies.
· Establishes and maintains customer credit files and/or database; continually reviews customers’ credit histories and adjusts customer credit limits and terms as necessary.
· Reviews collections reports to ascertain status of collections and outstanding balances and to evaluate effectiveness of current collection policies and procedures.
· Audits delinquent accounts to ensure maximum efforts have been taken before assigning bad debt status to account.
· Assists with the establishment and implementation of credit policy; recommends adjustments as needed.
· Ensure timely account setup.
· Ensure liens are in place were appropriate.
· Uses computer software to evaluate customers financial status and produce financial ratios.
· Compiles information, completes loan applications, and composes reports detailing the degree of risk involved in the loan or credit request; recommends approval or denial based on results.
· Resolves customer complaints and verifies transactions through consultation.
· Other duties as assigned.
Qualifications
· Accounting degree or equivalent, or two to four years related experience, or equivalent combination of education and experience
· Excellent written and verbal communication skills
· Proficient in Microsoft Office Suite
· Epicor or other ERP experience a plus
· Strong organizational, problem-solving, and analytical skills
· Acute attention to detail
· Strong interpersonal and customer service skills
· Good judgement with the ability to make timely and sound decisions
· Working knowledge of data collection, data analysis, evaluation, and scientific method
· Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
Full Time
$58k-73k (estimate)
05/06/2024
05/19/2024
The following is the career advancement route for Credit Analyst I positions, which can be used as a reference in future career path planning. As a Credit Analyst I, it can be promoted into senior positions as a Credit Analyst II that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Credit Analyst I. You can explore the career advancement for a Credit Analyst I below and select your interested title to get hiring information.