Credit and Collections Analyst

1 week ago

Schaumburg, United States Network Distribution Full time
Collections Activities
  • Independently prioritize and execute daily collection activities; contact customers for payment via telephone and email, document and maintain timely collection notes in HRC collection tool and establish appropriate follow-up.
  • Maintain or improve departmental and organization key performance indicators including; Days Sales Outstanding, Past Due and Current Percentage, Average Days Delinquent and Collection Effectiveness Index.
  • Perform root cause analysis to resolve current and mitigate future invoice disputes, billing issues, and deductions.
  • Advises management of potential problems with customer's cash flow, works to minimize risk, resolve credit problems, and late payment issues
  • Work with internal and external parties on finding new ways to decrease the volume of billing issues that result in payment delays
  • Review and update training documents for department processes.
Credit Activities
  • Perform all related credit activities for assigned customers. This includes but is not limited to new customer approvals, credit limit adjustments, yearly reviews, basic financial statement analysis and interpretation, contract reviews, DNBi interpretation, and obtaining both bank and trade references.
  • Comfortable working with abstract information including political, economic and industry trends.
  • Ability to utilize multiple sources of information to arrive at a decision.
  • Clear understanding of corporate structure, legal entities and ownership.
  • Understanding of Network Credit Risks and Collections Tools
  • Preform Credit reviews annually and as prompted by collections reps to identify any changes in risk thus reducing Network's liability
  • Review Credit Applications for new accounts under existing customers and extend credits up to $15,000.00
  • Clearly communicate Credit Decisions to Members
  • Refer Credit Approval Recommendations to Senior for final approval and approval communication
  • Update and maintain system of records for all new accounts
  • Comfortable with independent decision making
  • Ability to collaborate with other departments to get the job done
  • Complete Trade References Request as necessary
SKILLS AND ABILITIES REQUIRED:
  • Strong team player
  • Strong interpersonal and collaboration skills
  • Promotes positive work environment
  • Demonstrate engagement with the team and the organization
  • Professionalism
  • Ability to manage deadlines and demonstrate high levels of accountability
  • Strong written and verbal communication skills
  • Positive, proactive, and collaborative
  • Strong ability to research issues, identify and implement solutions
  • Strong knowledge and understanding of your department's principals and procedures
  • Strong understanding of other departments operations and challenges and the organization
COMPUTER EQUIPMENT AND LEVEL OF SOFTWARE REQUIREMENTS:
  • Intermediate Microsoft Excel skills,
  • SAP, HRC, DnBi, Coface, Monday.com, Salesforce experience highly recommended
EDUCATION AND EXPERIENCE REQUIRED:
  • 1+ years experience
  • Bachelor's degree in Accounting, Finance or related field preferred.
  • Distribution experience a plus
BENEFITS AND CULTURE:
  • Generous PTO structure
  • Hybrid work schedule
  • BRAND NEW office space
  • NEW AND IMPROVED Parental Leave
  • Medical, Dental, Vision plans fit for your budget
  • FUN work environment and LOTS of engagement activities
  • Flexible scheduling
  • Tuition reimbursement
  • Paid Volunteer time off
  • HSA/FSA options
  • Profit sharing contributions
  • AND SO MUCH MORE

WHAT OUR ASSOCIATES SAY:

"Teamwork and collaboration are key factors to success at NETWORK. The learning is constant, every single day is different than the previous day and you are always exposed to new challenges. The entire NETWORK team strives to be the best for each other and our many customers."

- Current Network Associate

Network is proud to be an equal opportunity employer. We are committed to creating a diverse workforce.

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