Credit And Accounts Receivable Analyst
Credit And Accounts Receivable Analyst
Melville, New York
Collections & BPO
Executive Alliance is pleased to represent our client who are a globally known digital imaging electronics manufacturer and distributor with their North American headquarters located on Long Island, New York.
They are seeking a Credit & Accounts Analyst to work in their Customer Financial Services division who has experience in credit, accounts receivable/collections solutions, customer service and risk mitigation.
NOTE: This hybrid role asks that the ideal prospect visit company headquarters 3 days per week in Melville, Long Island, N.Y. with 2 days remote.
Only candidates accessible to the Long Island, New York area will be considered.
The Credit Analyst is responsible for the ongoing maintenance of the accounts receivable for specified customers as assigned to them by their respective Credit Manager or by the NAI GM of Customer Financial Services. Account maintenance will include the extension of credit within assigned authority, periodic credit reviews, and the timely resolution of account discrepancies and payment delinquency. It is the Credit Analysts’ responsibility to adhere to the company's stated Policies and Procedures as they relate to the ongoing management of its investment in Accounts Receivables.
The Credit Analysts’ focus is to be continually placed on sales facilitation, customer satisfaction and continuous process improvement. This is to be achieved at all times with the highest degree of attention to ethical behavior as it relates to dealing with the company’s customers, service providers and company personnel. The Analyst needs to be adaptable, flexible and able to collaborate with other employees at different levels within the organization to accomplish common goals. The Analyst must be able to incorporate company values in their personal work behavior, decision making, contributions and interpersonal interactions.
ESSENTIAL FUNCTIONS AND KEY AREAS OF RESPONSIBILITY:
Research, establish and/or review existing credit limits on all assigned customers.
Analyze financial statements, credit applications, credit bureau reports, and bank and trade references and conduct thorough research regarding the creditworthiness of assigned customers.
Complete on timely basis periodic financial reviews on assigned customers utilizing both internal and external information sources.
Providing customer service regarding collection issues, process customer refunds, process and review account adjustments, resolve clients discrepancies and short payments.
Responsible for monitoring and maintaining assigned accounts – Customer Calls, small balance write off and account reconciliations.
Prepare updated credit reviews including detailed recommendations of appropriate credit lines and risk ratings for assigned customers.
Communicate with credit insurance brokers any adverse changes as it relates to customers as defined under the company's trade credit insurance policies.
Facilitate the ongoing collection process of past due balances via e-mail, phone, dunning process and written correspondence as required.
Reconcile account balances and facilitate on a timely basis the resolution of any charge back disputes including freight, tax, pricing, returns and advertising. Accurately detail any requests for the writing off of any specific balances.
Continuously release customer orders from credit hold when appropriate in order to avoid unnecessary shipping delays to customers. Order release activity may be required during weekend hours if requested.
Perform customer visits to review specific financial data or to resolve disputed balances (10% of time.) Some international travel may be required.
Work outside of normal business hours of operation, as required in order to fulfill essential functions and responsibilities.
Provide customer invoice copies, credit copies and proof of delivery documentation.
Perform administrative work including filing and typing as needed.
Obtain remittance advice for payments received which do not have a remittance included.
Complete monthly trade group report as required.
Communicate with customers and Sales account managers regarding orders holding due to credit restrictions or delinquent payments.
Drive continuous transformation, improvement/changes processes to increase operational productivity
All other duties as required or assigned by their respective Credit Manager or the General Manager of Customer Financial Services.
Participate in internal audit reviews as required.
Assist in the bad-debt reserve analysis and write-off process.
Continuous process improvement
Lead or work on projects assigned by GM or President
Strong Word, Excel, PowerPoint, MS Outlook skills required.
SAP Experience Preferred.
Strong working knowledge of internet applications.
Strong communication and negotiation skills both oral and written. (Invoice collection phone skills mandatory.)
Strong time management and work prioritization skills.
Sound research, analysis and reconciliation skills.
Proficient in analyzing customer financial statements.
Ability to interact effectively with customers and colleagues at all levels
Fundamental knowledge of Credit & Collections Principles & Practices
Letter of credit and other export credit security and knowledge (when applicable)
EDUCATION, SKILLS & EXPERIENCE:
3-5 years’ experience in Business to Business credit and collections environment required.
BA / BS in Business or Finance preferred.
Experience in dealing with retail, wholesale, ecommerce businesses, University and Hospital preferred.
Experience dealing with international customers preferred.
Bi-Lingual (English/Spanish, written and oral) skills are preferred.
Finance Customer Service
VP of Recruiting