Credit Analyst

Administrative
Stow, OH
Posted 3 weeks ago

Purpose

Responsible for the collection of accounts receivable.  Approve or decline credit orders in accordance with established policies, practices and procedures in a manner that will result in maximum sales, sound receivables, and the prompt conversion of receivables into cash with a minimum of past-due accounts.

Duties

The essential functions of the position include, but are not limited to the following:

  1. Applies MACtac’s credit and collection policies, practices, and procedures to the credit requirements of a designated customer base within specified dollar limits or existing credit limits.
  • Extension of credit.  Extends credit to customers in accordance with established policy and terms.
  • Analyzes request for credit and plans investigations to be performed personally or by others.
  • Reviews files, reports, and financial statement analyses of prospective customers.
  • Makes field contacts and further investigations when necessary.
  • Evaluates, then approves or rejects, the credit risks.
  • Discusses with supervisor, when necessary, questionable or special applications for credit.
  • Sets limits on new accounts within guidelines. Authority to establish credit lines up to $50,000 without manager approval.
  • Manages credit risk and credit limits of assigned customer portfolio.
  • Reviews and decisions orders on credit hold addressing past due accounts and/or credit limits.
  • Submits credit disputes or irregularities beyond the position’s authority to the credit supervisor, with all necessary reports, data, and analyses.
  • Collections.  Carries out a regimented program for the follow-up and collection of accounts receivable.
  • Reviews regularly the status of collections to assure the accounts receivable are in a relatively sound condition.
  • When records indicate that customers may be exceeding safe limits, takes appropriate steps to prevent past-due accounts.
  • Follow closely the course of aging accounts and determines action to be taken on delinquent accounts.
  • Manage compromise settlements, partial payments, time extensions, and the writing off of uncollectible accounts.
  • Consult with sales management and supervisor on particularly complex collection situations and severe delinquent accounts.
  • Initiates appropriate action on returned checks.
  • Submits delinquent accounts to third party collectors, and furnishes complete information to representatives.
  • Takes appropriate action on payment discrepancies, unearned discounts, adjustments, customer complaints, and inquiries.
  • Work closely with marketing and sales to respond to request of financial information, customer history, and sales strategies.
  • Perform all other duties assigned.
  • Input and retrieve data utilizing a PC.

AUTHORITY:

Has full authority within approved policies, procedures, standards, and defined limits on credit matters within the defined area of responsibility.  Deviations are subject to approval by the credit supervisor.

Knowledge

Requirements

  • Possess effective written communication skills.
  • Able to verbally relay information clearly with tact and diplomacy.
  • Detail-oriented and organized.
  • Strong PC skills (Excel, Word, e-mail). 10 key and typing skills.
  • Ability to work independently with a high level of accuracy.
  • Dun & Bradstreet or similar credit reporting agency system experience is desired.
  • JDEdwards Enterprise One experience preferred but not required.
  • Travel: occasional travel to Mactac distribution centers and manufacturing facilities as needed

Sources

  • Degree in Business Administration or related, suitable experience may be substituted.
  • A minimum of 5 years experience in credit analysis and collection procedures.

Contacts

Internal

  • Possess effective written communication skills.
  • Able to verbally relay information clearly with tact and diplomacy.
  • Has daily contact with customer service and sales

External

  • Possess effective written communication skills.
  • Able to verbally relay information clearly with tact and diplomacy.
  • Has frequent contact with external customers

Responsibility

  • Applies Mactac’s credit and collection policies, practices, and procedures to the credit requirements of a designated customer base within specified dollar limits or existing credit limits.

Essential Physical Requirements

The person in this position normally works in an office environment with a significant amount of time spent sitting at a desk, utilizing a PC and telephone.  The position requires some walking within the building and lifting up to 20 pounds.  Occasionally required to make trips into the plant or lab while wearing safety glasses.

Disclaimer

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

It is the policy of Mactac that all employees are employed at the will of Mactac for an indefinite period and are subject to termination at any time, for any reason, with or without cause or notice. At the same time, employees may terminate their employment at any time and for any reason.

Equal Opportunity Employer. All qualified candidates will receive consideration for employment and will not be discriminated against based on race, color, religion, sex, sexual orientation, gender identify, national origin, protected veteran status, disability, age, pregnancy, genetic information, creed, citizenship status, marital status or any other consideration prohibited by law or contract.

If you are having issues uploading your resume, please email it directly to MactacResume@Mactac.com

Job Features

Job CategoryAccounting

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