Credit and Collections Analyst (225-808)

The role of a Credit and Collections Analyst is pivotal in managing and optimizing a company's cash flow and ensuring the timely collection of outstanding debts. This position demands a keen analytical mind, strong communication skills, and the ability to make strategic decisions quickly. The ideal candidate will leverage their expertise in credit analysis to assess customer creditworthiness and develop effective collections strategies. The role requires collaboration with various departments, such as sales and finance, to ensure a seamless credit management process. The Credit and Collections Analyst will be responsible for maintaining accurate records, preparing detailed reports, and recommending improvements to current processes to mitigate risks and enhance efficiency. This is an excellent opportunity for someone with a knack for numbers and problem-solving to contribute to the financial stability and growth of the organization.

Responsibilities

• Assess and analyze customer creditworthiness to minimize risk of non-payment.
• Establish and monitor credit limits in accordance with company policies.
• Develop and implement effective collections strategies and procedures.
• Maintain and update accurate records of all credit and collections activities.
• Communicate with customers to resolve billing and payment issues in a timely manner.
• Collaborate with sales and finance departments to ensure alignment on credit terms and collections initiatives.
• Prepare and present detailed reports on aging accounts and collection activities.
• Recommend policy changes to improve credit and collections processes and reduce risk.
• Ensure compliance with all relevant regulations and laws regarding credit and collections.
• Investigate historical data for debts and bills and initiate legal proceedings, if necessary.
• Negotiate payment plans and settlements with delinquent customers to recover outstanding debts.
• Utilize financial software to monitor account statuses and transactions effectively.

Requirements

• Bachelor's degree in finance, accounting, or a related field is required.
• Proven experience in credit analysis and collections management is essential.
• Strong understanding of accounting principles and financial statements analysis.
• Excellent communication and negotiation skills for dealing with clients and internal teams.
• Proficiency in financial software and Microsoft Office, particularly Excel.
• Ability to work independently and manage multiple concurrent tasks effectively.
• Strong analytical skills and the ability to interpret complex data accurately.