Credit & Collections Analyst

1 month ago

Carmel, United States Procom Full time
Credit & Collections Analyst
  • Job Description Summary
Job Description Summary
Develop and implement policies and procedures to evaluate customer financial strength, research credit worthiness, evaluate risk, and recommend credit lines. Develop strategies and goals to reduce exposure to write-offs. Work closely with sales and other departments to communicate credit limits, provide support, resolve problems, and reconcile accounts. Recommend and implement credit extensions/revocations, and/or legal action where necessary. Perform reconciliation, credit adjustments, bad debt write-offs, refunds, customer notification, and other transactions or reports according to company policies and procedures. Stay current on all applicable laws and maintain relationships with outside credit agencies. Career-development professional within field. Requires moderate skill set and proficiency in discipline. Conducts work assignments of increasing complexity, under moderate supervision with some latitude for independent judgment. Typically requires a bachelor's degree (or international equivalent) and 4+ years of relevant experience.
  • Job Description
Job Description
Credit & Collections Analyst
The successful candidate will take ownership in managing an accounts receivable portfolio of diversified customers. It is essential to build effective customer relationships and collaborate with internal and external business partners to maximize collections. This individual must be able to work in a fast paced environment where the ability to prioritize is key and teamwork is a must. This individual must embrace change and be willing to work as a change agent to continually improve the credit and collections process. Must evaluate and make credit decisions on customer orders based on account performance and other credit related data. This position may be required to perform credit reviews on existing customers and be able to spread and analyze financial statements and work with trade credit reports. Knowledge of risk mitigation tools such as forms of collateral and the bond and lien process are a plus. Other responsibilities include dispute management, research, resolution of unapplied cash and open credits and the preparation of month end reports. This candidate must possess excellent verbal and written communication skills and express themselves in a professional manner.
What You Will Do:
    • Must be able to prioritize work to achieve or exceed stated collection metrics.
    • Responsible for using available collection software tools to assist in executing effective strategies and initiatives to achieve continuous receivable delinquency improvement that contributes to a lower DSO.
    • Ensures timely and accurate responses to customer inquiries, questions, documentation issues, billing errors, payment application errors, disputes, program changes, new sale requests and opportunities.
    • Proactively contact customers concerning collections of past due receivables.
    • Provide phone support by handling incoming calls from sales offices and customers on a variety of items.
    • Responsible for developing and maintaining business relationships with customers (contractors and owners) and Sales Office personnel.
    • Monitors assigned portfolio to mitigate loss exposure by ensuring each assigned customer is in full compliance with their approved program. Recommends changes to the existing program where warranted; exceptions are corrected and/or brought to the attention of Management. Prepares and recommends over line approval requests.
    • Responsible for account reconciliation and identifying and tagging disputed items within assigned portfolio. Tracking and ensuring timely clearing of these disputed items is required.
    • Initiates and maintains follow-up to ensure all operating and action conditions placed on approved credit files are completed within established time frames.
    • Compiles all information necessary to comply with and complete reporting in a timely and efficient manner.
    • Follows up on legal documentation required for a given customer account.
    • Manage risk management for accounts & projects within a given level of authority once training is completed.
    • Complete waivers of lien as required to obtain payment from customer
    • Running Credit reports and calling for credit references as needed.
    • Maintains open communication and good working relationships with Manager and fellow teammates to ensure fulfillment of the Credit goals and objectives.
    • As required, perform all other related functions & projects as assigned.
    • Make decisions to hold & release orders based on credit line exposures and risk determination
    • Create workout plans for financially distressed customers that mitigate loss exposure to Allegion
What You Will Need to Succeed:
    • BS/BA in Finance, Accounting, or other Business degree required.
    • 2 - 5 years of related experience required.
    • Must possess excellent interpersonal skills with the ability to interact and build relationships with team personnel, sales representatives, commercial offices, plants, and customers.
    • Must exhibit a solid professional business image with a team player attitude.
    • Ability to negotiate and effectively communicate judgment decisions required.
    • Excellent written and oral communication skills required.
    • Related work experiences with risk analysis and receivable collection a plus.
    • Must be detail oriented and organized
    • PC literacy required.
    • Strong customer service and general office experience preferred.

  • Credit Risk Analyst Internship

    5 days ago

    Carmel, Indiana, United States Merchants Bancorp Full time

    About the RoleWe are seeking a highly motivated and detail-oriented individual to join our team as a Credit Risk Analyst Intern. As an intern, you will play a vital role in assessing the risk of a portfolio of Small Business Administration (SBA) loans.Key ResponsibilitiesAssess and analyze borrower financial statements to identify potential risks and make...

  • Credit Risk Analyst Internship

    5 days ago

    Carmel, Indiana, United States Merchants Bancorp Full time

    About the RoleWe are seeking a highly motivated and detail-oriented individual to join our team as a Credit Risk Analyst Intern. As an intern, you will play a vital role in assessing the risk of a portfolio of Small Business Administration (SBA) loans.Key ResponsibilitiesAssess and analyze borrower financial statements to identify potential risks and make...

  • Credit Manager

    1 month ago

    Carmel, United States The Ladders Full time

    Job DescriptionWHO WE ARE Helena Agri-Enterprises, LLC is a leading full-service agronomic solutions provider that's been in business since 1957. Our first location was in West Helena, Arkansas hence the name "Helena". We now have close to 600 locations nationwide and over 6,000 employees. Our corporate office is located in Collierville, Tennessee, a suburb...

  • Credit Manager

    1 month ago

    Carmel, United States Helena Agri-Enterprises, LLC Full time

    WHO WE ARE Helena Agri-Enterprises, LLC is a leading full-service agronomic solutions provider that's been in business since 1957. Our first location was in West Helena, Arkansas hence the name "Helena". We now have close to 600 locations nationwide and over 6,000 employees. Our corporate office is located in Collierville, Tennessee, a suburb outside of...

  • Senior Credit Executive

    2 weeks ago

    Mt Carmel, United States gpac Full time

    Position Overview: A prominent community banking institution is seeking to appoint a new Chief Credit Officer to spearhead the Credit Division.Role Responsibilities: As the Chief Credit Officer (CCO), you will oversee a team dedicated to commercial credit and collaborate closely with the President/CEO. The ideal candidate will be responsible for assessing...

  • Senior Credit Executive

    1 week ago

    Mount Carmel, Illinois, United States Gpac Full time

    Position Overview: A prominent community banking institution is seeking a new Chief Credit Officer to spearhead the Credit Team.Role Responsibilities: As the Chief Credit Officer (CCO), you will oversee a commercial credit team and collaborate closely with the President/CEO. The ideal candidate will be responsible for assessing loan documentation and...

  • Senior Credit Executive

    1 week ago

    Mount Carmel, Illinois, United States Gpac Full time

    Position Overview: A prominent community banking institution is seeking a qualified individual to assume the role of Chief Credit Officer, responsible for steering the Credit Team.Key Responsibilities:Lead a commercial credit division, collaborating closely with the President/CEO.Assess loan documentation and proposals to ensure creditworthiness.Enhance loan...

  • Senior Credit Executive

    1 week ago

    Mount Carmel, Illinois, United States Gpac Full time

    Position Overview: A prominent community financial institution is seeking a qualified individual to fill the role of Chief Credit Officer (CCO) to spearhead the Credit Division.Key Responsibilities:Oversee a commercial credit team and collaborate closely with the President/CEO.Assess loan documentation and proposals to ensure creditworthiness.Enhance loan...

  • Financial Analyst

    2 weeks ago

    Carmel, United States Merchants Bancorp Full time

    Job Type Full-time Description Are you ready to dive into the dynamic world of finance? As a Financial Analyst, you'll be at the forefront of launching and managing innovative debt funds and securitizations. You'll build and optimize critical operational functions, ensuring seamless loan executions, compliance, and top-notch service. Requirements After one...

  • IT Compliance Analyst

    4 weeks ago

    Carmel, United States MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC Full time

    Job DescriptionJob DescriptionLocation: Carmel, IndianaDo you like helping others work more efficiently, reducing risks, and solving problems? If so, keep reading!MISO is hiring an IT Compliance Analyst to help create and put into action plans that reduce risks related to processes and compliance. This role will be part of an experienced team that develops,...

  • Chapter Financial Analyst

    1 week ago

    Carmel, United States Zeta Tau Alpha Fraternity Full time

    Job SummaryZeta Tau Alpha Fraternity is seeking a highly skilled Chapter Financial Analyst to join our team. As a key member of our finance department, you will be responsible for monitoring chapter finances, ensuring compliance with national policies and procedures, and providing exceptional customer service to our chapters.Key ResponsibilitiesAudit...

  • Board Certified Behavior Analyst

    3 months ago

    Carmel, United States B Above Services Full time

    Job DescriptionJob DescriptionB Above Services seeks Board Certified Behavior Analyst (BCBAs)!Join Our Passionate ABA Team!🤝 About Us: B Above Services is a leading ABA organization committed to providing outstanding, evidence-based care to individuals with developmental disabilities. We're driven by our mission to empower our clients to reach their...

  • Clinical Behavior Analyst

    5 days ago

    Carmel, Indiana, United States LittleStar ABA Therapy Full time

    About the RoleWe are seeking a highly skilled and experienced Clinical Behavior Analyst to join our team at LittleStar ABA Therapy. As a Clinical Behavior Analyst, you will play a critical role in developing and implementing behavior support plans, supervising the implementation of new skill acquisition programs, and providing training and feedback to...

  • Sr. Business Development Analyst

    2 months ago

    Carmel, United States Openlane Full time

    Who We Are:At OPENLANE we make wholesale easy so our customers can be more successful. We're a technology company building the world's most advanced-and uncomplicated-digital marketplace for used vehicles.We're a data company helping customers buy and sell smarter with clear, actionable insights they can understand and use.And we're an innovation company...

  • Receivables Operations Supervisor

    2 weeks ago

    Carmel, New York, United States Creative Financial Staffing Full time

    Accounts Receivable ManagerAbout Creative Financial Staffing: Established organization with over four decades of experience in the industry. Expanded operations to encompass various entities. Potential for career advancement as the company grows and takes on additional responsibilities. A dynamic period for the organization with a leadership team dedicated...

  • Consumer Loan Sales Specialist

    3 weeks ago

    Carmel, United States OneMain Financial Full time

    At OneMain, Consumer Loan Sales Specialists empower customers - listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses.ConsumerLoan Sales Specialist will learn the lending and servicing business at OneMain allowing them to grow their career. In the RoleDeliver results related to individual and branch...

  • Sr. Business Development Analyst

    2 months ago

    Carmel, United States AFC Automotive Finance Corporation Full time

    Who We Are:At OPENLANE we make wholesale easy so our customers can be more successful. We’re a technology company building the world’s most advanced—and uncomplicated—digital marketplace for used vehicles.We’re a data company helping customers buy and sell smarter with clear, actionable insights they can understand and use.And we’re an...

  • Sr. Business Development Analyst

    2 months ago

    Carmel, United States AFC Automotive Finance Corporation Full time

    Who We Are: At OPENLANE we make wholesale easy so our customers can be more successful. We're a technology company building the world's most advanced-and uncomplicated-digital marketplace for used vehicles. We're a data company helping customers buy and sell smarter with clear, actionable insights they can understand and use. And we're an innovation...

  • Consumer Loan Sales Specialist

    3 months ago

    Carmel, United States OneMain Financial Full time

    Job DescriptionAt OneMain, Consumer Loan Sales Specialists empower customers – listening to their needs and providing access to friendly, fast, and affordable financing for life’s expenses.ConsumerLoan Sales Specialist will learn the lending and servicing business at OneMain allowing them to grow their career.   In the RoleDeliver results related to...

  • Consumer Loan Sales Specialist

    3 days ago

    Carmel, Indiana, United States OneMain Financial Full time

    About the RoleAt OneMain Financial, we're committed to providing responsible access to credit for hardworking Americans. As a Consumer Loan Sales Specialist, you'll play a critical role in empowering customers to achieve their financial goals.Key ResponsibilitiesDeliver results related to individual and branch sales goals, as well as customer...