Credit Analyst Assistant

I. Position Identification

Job Title

Credit and AR Analyst - Assistant

Job Function

Accounting

Report to

Accounting Manager

II. Job Purpose

Credit and AR Analyst plays a crucial role in supporting credit and AR management and various accounting tasks.

III. Key Responsibilities

·       Assisting a section of the overall A/R portfolio with respect to credit, collections, and customer interaction for TBR, PCLT and Corporate accounts. Cash application and collection duties to be included as part of overall customer reconciliation process.  

·       Daily credit hold releases and approvals based on company guidelines which are that the account must be within the credit line and not beyond the terms of sale. 

·       Send requests for confirmation of approval of lines of credit extended to Credit Insurance and Factoring and government insuring agencies. 

·       Assisting bi-weekly and monthly meetings with “Key accounts” to review payment history, past due balances and open deduction status. 

·       Preparing, editing and refining reports to North America and Global headquarters as needed.

·       Independent review of customer’s orders to release credit holds based on specific guidelines (within the credit limit and not past due).

·       Responsible for credit hold releases and any over-the-line or past due balances as result of releasing orders outside of given credit policies and procedures. Able to act independently and without constant supervision. 

·       Processing of AVB and other credits as required.

·       Thorough understanding and knowledge of the Credit Management Suite (CMS) platform setup in order to enter and analyze results of reports on customer’s financials - balance sheet, Income statement and statement of cash flows.

·       In-depth credit analysis and reporting of all credit lines based on updated financials, sales trending and customer profitability. 

·       Financial analysis based on liquidity, asset management, debt management and profitability.  Increase proficiency in reading/interpreting financial statements to determine credit lines and customer trending. 

·       Run and analyze NACM (National Association of Credit Manager’s) reports and other manufacturers trade reporting.

·       Research & resolve customer payment discrepancies to include deductions for shortage, returns, cash discount and other.

·       Research credit reporting agencies which can help us to determine customer viability and potential.

·       Integrate sales forecasting and trending into customer credit line determination. 

·       Assisting general accounting duties including Accounts Payable and other administration.

V. Core Competencies

·       Must be computer literate, especially Microsoft EXCEL, WORD & POWER POINT

·       Able to “host” and provide feedback for department and inter-departmental conferences            and meetings.

·       Knowledge of SAP or large ERP platform a plus.

·       Detail oriented and self-starter. 

·       Actively demonstrates a positive attitude willingness to work as a Team to accomplish                department and corporate goals. 

·       Excellent verbal, written and customer service skills. Ability to handle difficult situations            while maintaining calm and purposefulness.

·       Thorough understanding of industry practices, organizational need and general business            conditions

VI. Qualification

·       Diploma or degree in accounting or finance

·       2+ years in B2B credit and collections experience

·       Working knowledge of accounting and credit/collection in B2B setting