Credit Analyst

Job description:

Purpose This role prevents and reduces risk and maximizes effective payment of receivables. Key Missions

• Assesses customers, secures receivables and manages cash collection, specifically: Asseses customer credit risk based on customer financial situation, country risks, payments habits, revenue evolution (…) and based on external agencies scoring recommendation
• Defines customers credit limits
• Defines and validates contractual payment terms, collaborates with Sales/ Legal for non-compliant payment terms, and escalates if necessary
• Validates the customers account creation
• Monitors customers credit exposure and analyzes the customers aging balance
• Builds the customers cash forecast
• Implements collections actions such as phone calls and e-mails, demand letters, and external debt collection
• Organizes meetings with major customers to maintain good relations or solve issues
• Ensures alignment of all internal stakeholders (Sales, Treasury, CFOs…) on credit management by sharing credit management information and agreeing on action plans for delinquent accounts
• Supports the accounts receivable team on cash application
• Prepares credit management reports, and ensures data accuracy in finance tools
• May include managing the Factoring program
• Works together with controlling and accounting to decide and post proper debt accruals
• May include invoicing activities such as uploading the invoice on the customers platform and providing proof of delivery or other supporting document
• Ensures proper implementation of the credit management policy
• Coordinates complex credit and collection activities
• Performs in-depth risk assessments and proposes mitigation actions
• Prepares and consolidates credit reports for management review
• Advises sales and finance teams on main risks identified and dispute resolution