Financial Risk Analyst

2 weeks ago


Covington, Louisiana, United States Lofton Staffing & Security Full time

Position Overview:
Lofton Staffing & Security is seeking a dedicated Financial Risk Analyst to join our team. The Financial Risk Analyst plays a crucial role in safeguarding the financial interests of our clients. The successful candidate will utilize independent judgment and discretion to assess credit risks, manage a portfolio of receivable accounts, and review legal documentation on behalf of our clients.

Working Environment:

  • Primarily an office-based role with a sedentary nature.
  • Regular use of office equipment including computers, telephones, photocopiers, and filing systems.
Key Responsibilities:
  • Manage a substantial accounts receivable portfolio, which involves negotiation, financial analysis, and developing action plans in collaboration with the Division Credit Manager.
  • Advise on optimal collection strategies for overdue accounts in partnership with the Division Credit Manager and PC Manager.
  • Evaluate credit applications for approval and set significant credit limits.
  • Initiate collection efforts as dictated by business needs.
  • Assist the Division Credit Manager in upholding and enforcing lien and bond rights for secured projects.
  • Leverage experience and customer insights to determine appropriate timing for placing accounts on credit hold in coordination with the Division Credit Manager and PC Manager.
  • Conduct face-to-face meetings with customers to foster and maintain strong relationships.
  • Negotiate payment discrepancies and facilitate arrangements for payment and resolution of disputes.
  • Prepare and present payment status updates, plans, reports, and relevant information during quarterly credit meetings.
  • Maintain professional relationships with both internal managers and external clients.
Note: This job description may evolve based on business requirements and may not encompass all essential functions. Additional responsibilities may be assigned as necessary.

Job Schedule: Monday to Friday, 8 AM to 5 PM with a one-hour lunch break.

Minimum Qualifications:
  • Proficient in MS Excel.
  • Strong mathematical skills.
  • Experience in credit and collections.
  • Excellent verbal and written communication skills in English.
Preferred Qualifications:
  • College degree or equivalent experience.
  • Strong negotiation abilities.
  • Proficient in Microsoft Office Suite.
  • Detail-oriented with strong problem-solving skills.
  • Self-motivated with the capacity to manage a high volume of work and multitask effectively.

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