Credit/Finance Analyst

3 months ago


Knoxville, United States BRAMCO GROUP Full time
Job Details

Job Location
Knoxville Branch and Corp - Knoxville, TN

Position Type
Full Time

Education Level
4 Year Degree

Travel Percentage
Up to 25%

Job Shift
Day

Description

Objective: To assist the General Credit Manager in the credit, collection, and finance activities of the company in accordance with established policies, practices and procedures in a manner that will result in maximum sales, sound receivables and their prompt conversion to cash as well as perform administrative duties necessary to the operation of the credit & finance department.

Duties and Responsibilities:
  • Processes credit applications including checking of references, pulling credit bureau reports, trade reports and verifying trade styles, submit information to General Credit Manager for establishing line of credit.
  • Establish account in the accounts receivable system and notifies sales (equipment, parts and service) that charge account has been established (or that credit has been denied).
  • Prepares and mails new account letters; sets up and maintains credit files.
  • Maintains credit application tracking files for new and updated applications. Sends status report thru excel spreadsheet to VP-Finance at end of each month.
  • Applies the company's credit and collection policies, practices and procedures to the credit requirements of a designated number of accounts within specified dollar limits or normal credit lines.
  • Extends credit to customers in accordance with established policies and terms.
  • Discusses with General Credit Manager, when necessary, questionable or special applications for credit
  • Carries out the established program for the follow-up and collection of accounts receivable.
  • Checks monthly balances of customers under his/her control; when records indicate that customers may be exceeding safe limits, takes appropriate steps to prevent past due accounts.
  • Follows up on insurance certificates on all rental machines.
  • Maintains insurance certificate files for all rental transactions and follows for renewal certificates upon expiration.
  • Maintains tax exemption certificates and codes exempt accounts in the accounts receivable system
  • Maintains Rental Master Lease Agreements and notes accounts that are under a master agreement in accounts receivable system.
  • Processes and mails security agreements to the indicated financing source.
  • Ensures the proper and timely filing of UCC's
  • Ensures that proper insurance certificates covering the collateral financed are obtained and forwarded to the finance company.Sets up security agreement files; mails contract copies and transmittal letters to customers.
  • Performs records searches when necessary; files UCC terminations.
  • Submits finance requests to appropriate lender.
  • Prepares contracts for equipment purchases and follows through with successful signing of contracts.
  • Follows up on all necessary contract requirements for various lenders including but not limited to UCC filings, contract corrections, and equipment insurance certificates to meet the requirements of specified lenders
  • Maintains working relationships with operating personnel of other departments, primarily for the purpose of giving and obtaining information and working jointly on customer problems.
  • Initiates contacts and maintains close, harmonious relationships with customers and outside interests; Follows standard operating procedures, concerned primarily with obtaining and furnishing credit information.
  • Special projects as assigned by the General Credit Manager
Qualifications
  • Bachelor's degree Required with a concentration in finance preferred
  • Credit /finance experience would be a plus but not required
  • The position requires 20% travel
  • Good working knowledge of Excel, Word, Internet
  • Must be highly detail oriented and well organized,
  • Proven ability to work both independently and collaboratively,
  • Superior analytical and problem solving skills,
  • Possess effective oral and written communication skills,
  • Must be able to pass a background check , physical and drug screens


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