Credit and Collections Analyst 10N25

A Credit and Collections Analyst plays a pivotal role in the financial ecosystem of any organization, primarily overseeing the accounts receivable process. In this fast-paced and dynamic position, the analyst is responsible for evaluating the creditworthiness of potential clients, developing payment terms, and ensuring timely payments for outstanding invoices. The role demands a keen eye for detail and an analytical mindset, as the analyst must interpret financial data and make informed decisions that impact the organization’s cash flow and profitability. Strong interpersonal skills are crucial, as this role often involves interacting with clients, internal departments, and financial institutions. The ability to negotiate effectively and resolve conflicts amicably is also essential. The position offers an opportunity to contribute significantly to the financial health of the organization while building a stable and rewarding career.

Responsibilities

• Review and assess the creditworthiness of potential and existing clients accurately.
• Establish and manage client credit limits and payment terms efficiently.
• Monitor accounts receivable balances and follow up on outstanding invoices promptly.
• Collaborate with sales teams to address credit-related issues affecting orders.
• Prepare regular reports on account status and payment progress for management review.
• Implement collections strategies to reduce delinquent accounts and maximize cash flow.
• Negotiate payment plans with clients who have overdue accounts effectively.
• Investigate and resolve any discrepancies or disputes in client payments professionally.
• Liaise with internal departments to ensure consistent application of credit policies.
• Maintain detailed and accurate financial records for compliance and audit purposes.
• Identify and escalate risks or concerns related to credit management to senior leadership.
• Stay informed about industry trends and regulations affecting credit and collections.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
• Minimum of 2-3 years of experience in credit analysis or collections required.
• Strong understanding of financial statements and credit risk analysis techniques.
• Proficiency in Microsoft Office Suite, particularly Excel, for data analysis.
• Excellent communication and negotiation skills to interact with clients effectively.
• Strong organizational skills and attention to detail for managing multiple accounts.
• Ability to work independently and as part of a team in a fast-paced environment.