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Financial Risk Analyst
2 months ago
Position Overview
SUMMARY: A Financial Risk Analyst plays a crucial role in safeguarding the monetary interests of Consolidated Electrical Distributors Inc. within the Credit Offices. The successful candidate will exercise discretion and independent judgment to assess credit approvals, oversee a portfolio of receivable accounts, and review and execute legal agreements on behalf of the company. The ideal applicant must be self-motivated, prioritize tasks effectively, and work efficiently with minimal oversight.
REPORTS TO: Credit Manager
MINIMUM QUALIFICATIONS:
- Proficient in MS Excel
- Strong mathematical abilities
- Background in credit and collections
- Excellent proficiency in reading, writing, and speaking English
PREFERRED QUALIFICATIONS:
- Bachelor's degree - relevant experience may substitute for formal education
- Strong negotiation capabilities
- Proficient in Microsoft Office Suite
- Detail-oriented approach
- Problem-solving skills
- Self-starter capable of managing a high volume of work and multitasking effectively
WORKING CONDITIONS:
- Primarily sedentary role in an office setting
- Regular use of office equipment such as computers, telephones, photocopiers, fax machines, and filing systems
SUPERVISORY RESPONSIBILITIES: None
ESSENTIAL JOB FUNCTIONS:
- Manage a substantial accounts receivable portfolio, including negotiations, financial assessments, and developing action plans with customers and the Division Credit Manager.
- Recommend optimal collection strategies for overdue accounts in conjunction with the Division Credit Manager and PC Manager.
- Evaluate credit applications for approval and establish significant credit limits.
- Escalate collection efforts as dictated by business needs.
- Assist the Division Credit Manager in upholding and enforcing lien and bond rights for secured projects.
- Utilize experience and customer insights to determine appropriate timing for placing accounts on credit hold in collaboration with the Division Credit Manager and PC Manager.
- Conduct face-to-face meetings with customers to foster and maintain strong relationships with clients and PC Managers.
- Negotiate discrepancies with customers and arrange payment and dispute resolutions.
- Present payment statuses, plans, reports, and information to management during quarterly credit meetings.
- Maintain professional relationships with Managers and external clients.