Credit and Collections Analyst (225-923)

A Credit and Collections Analyst plays a crucial role in managing a company’s financial health by overseeing the analysis of credit data and financial statements of individuals or businesses to determine the degree of risk involved in extending credit or lending money. They are responsible for analyzing credit information based on historical data, developing models to predict future credit performance, and making recommendations on credit limits. Additionally, the analyst will be involved in resolving overdue accounts to improve the organization’s cash flow and manage risk appropriately. This role requires a keen analytical mind and effective communication skills to interact with clients and internal stakeholders while adhering to financial regulations and company policies.

Responsibilities

• Analyze credit data to assess the creditworthiness of prospective and existing clients.
• Monitor collection activities to ensure accounts are brought up to date effectively.
• Develop financial models to predict credit risk and measure potential exposure.
• Communicate with clients to discuss and resolve overdue invoices and payments.
• Prepare detailed reports on credit and collections status, highlighting any issues or insights.
• Collaborate with sales teams to establish and review client credit limits and terms.
• Review and modify company’s credit policies to maintain compliance with external regulations.
• Negotiate payment plans with delinquent accounts and recommend appropriate action based on client history.
• Evaluate and adjust collection strategies based on client feedback and payment performance.
• Liaise with legal teams if necessary to initiate collection proceedings against defaulters.
• Maintain accurate and up-to-date credit records and documents in the company’s database.
• Assist in the audit processes by providing required documentation and data analysis.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• Proven experience in a credit analysis or collection role for at least two years.
• Strong analytical skills with the ability to interpret financial data effectively.
• Excellent communication and negotiation skills to handle diverse client interactions.
• Proficiency in using credit evaluation software and Microsoft Office Suite.
• Sound knowledge of accounting principles and the regulatory environment for credit management.
• Ability to work independently and manage priorities in a fast-paced environment.