Credit Analyst

Location: Davidson, NC
Job Type: Direct Hire
Salary: $40,000.00 - $50,000.00
Degree: Bachelor;
Date: 6/13/2018
Job ID: 02604518
Job Description
We are looking for a Credit Analyst who will be responsible for the investigation and analysis of credit risks working within guidelines established by the organization.
 
Duties & Responsibilities:
  • Resolves complex credit problems independently and extends credit limits.
  • Develops and maintains sound relationships with credit agencies.
  • Analyzes and trends financial performance year over year to predict potential defaults.
  • Analyzes specific market segments such as Auto, MBE, 3rd parties, State Agencies, etc. to recommend bad debt reserve requirements for quarterly reporting.
  • Manages a “watch list” of delinquent accounts with a weak financial picture.
  • Visits customers on an as-needed basis and have the ability to interact to the CFO level.
  • Provide high-level financial reviews of major customers, expense/supply vendors, partners, customer prospects, and affiliates with credit exposure greater than $250K
  • Order review including credit limit and past due status to make decisions within the level of authority.
  • Reviews customer credit status utilizing the online services provided by Dunn and Bradstreet or Experian as well as customer information including trade and bank references.
  • Establishes credit limits for new and existing customers based on metrics.
  • Creates analytical reports on request by management to support credit line extensions.
  • Researches miss-applied payments, short paid invoices, credits that are taken twice, and completes adjustment forms for sales tax, freight, and sales.
  • Prepare thorough cash flow analysis and financial trending for accounts within the portfolio
  • Ability to assess bank and related debt levels and determine the ability of a company to service the existing debt.
  • Review country risk/political reports to identify areas of concern for our international customers
  • Provide high-level financial analysis on international companies. Must have a solid understanding of translating foreign statements into GAAP principles to assess risk accurately
  • Provide recommendations for terms of sale related to financially distressed companies
  • Understand various tools for mitigating risk i.e. letters of credit, UCC’s, reserve methodology and guarantees (personal and corporate) Utilize such tools when needed
  • Ability to review contract language and interact with the legal team to provide recommendations.
  • Ability to train Analysts on financial analysis and credit risk management
  • Ability to communicate “business decisions” related to risk while managing to tolerances
  • Fosters the Culture in the department and throughout the company to ensure unity of purpose and fulfillment of mission.
  • Participates in special projects and performs additional duties as required.
 
Education & Experience:
  • Bachelor’s Degree or equivalent business experience required.
  • Minimum of five years of commercial credit/collection experience with three years as a Credit Analyst required.
 
 
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