Credit & Collection Analyst Job Description
Credit & Collection Analyst Duties & Responsibilities
To write an effective credit & collection analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included credit & collection analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Credit & Collection Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Credit & Collection Analyst
List any licenses or certifications required by the position: ASC, CCP
Education for Credit & Collection Analyst
Typically a job would require a certain level of education.
Employers hiring for the credit & collection analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Accounting, Finance, Business, Economics, Business/Administration, International Business, Education, Management, Business/Management, Administration
Skills for Credit & Collection Analyst
Desired skills for credit & collection analyst include:
Desired experience for credit & collection analyst includes:
Credit & Collection Analyst Examples
Credit & Collection Analyst Job Description
- Responsible for ensuring all queries re open, overdue billing documents or debit notes are resolved
- Production of Credit Management reports
- Credit management and risk mitigation leveraging financial instruments eg credit insurance
- Sending invoice copies
- Communicate with customers via phone, fax, email and letter to resolve open receivables
- Other relevant tasks assigned by Managers
- Review all invoices received with schedule documentation and supporting documentation ensuring appropriate
- Ensure new debtors, errors, missing documentation, authorized signature on schedule, debtors over credit limit and other issues relating to ‘paper’ collateral are clearly identified to Account Executive and addressed
- Data input schedules / invoices
- Verify invoices
- Extensive experience building organizational capability
- Ability and experience to make major credit decisions
- Strong cross/multi-cultural background and experience
- Work experience 3-5 years as International Senior Credit Controller
- Minimum of 2 years prior Accounts Receivable, Accounting, Financial positions preferable experience in electrical industry
- Ensure schedules, invoices, supporting documentation and other documentation are scanned promptly and in entirety
Credit & Collection Analyst Job Description
- Project and monitor future collections to clients
- Support Account Executives at peak times with other tasks
- Ensure any policy exceptions and material issues identified are actioned and notified to Account Executive for client and Portfolio Manager
- Review Credit Policy and ensure is understood and in how role is impacted
- To ensure that best practice is both shared and implemented within FOF
- Includes direct customer contact (phone, e-mail, meetings)
- Manage a portfolio of accounts of $35-$40M, using GetPaid to proactively execute collection strategies involving fax and phone follow-up escalation of delinquent accounts to credit hold warning and credit hold status
- Reconcile chargebacks from our strategic accounts in a timely manner
- Verbal and written communication with customers on past due salon balances as determined by aging analysis
- Assist in handling problem situations with customers, sales consultants, order entry, warehouse, accounts receivable
- Understanding of transportation documentation
- Ability to work in a participative manner in a team environment
- Working knowledge of FDCPA and any other applicable Federal laws
- High School Diploma with 1-2 years experience in related field
- Basic accounting and Skip Tracing knowledge
- Organized/Time Management ability
Credit & Collection Analyst Job Description
- Work internally with Sales & Customer Service to notify them of delinquent accounts when appropriate
- Review and release of orders from credit hold for assigned accounts on a daily basis before warehouse cut off times
- Notify customers and sales consultants of problems with orders causing possible order cancellation
- Responsible for initial processing and review of customer credit applications
- Request necessary master data changes
- Make changes to credit master record as requested (if assigned this function)
- Review all credit balances on assigned customer accounts to determine if refund to customer is warranted
- Remove payment block on any credit balances where refund is warranted
- Execute payment proposal to refund selected credit balances to customer (if assigned this function)
- Trace shipments for overdue COD balances with various delivery services
- Strong data processing
- Czech (spoken and written) business level as a minimum
- Must be a self-starter and results driven
- Polish (spoken and written) intermediate level as a minimum
- Minimum of 5 years experience in credit and collection
- Excellent written and oral communications skills (French and English), strong analytical skills, ability to collaborate effectively with other departments and interface effectively with customer business units
Credit & Collection Analyst Job Description
- Submit bad debt recommendations for assigned area to the Credit Administrative Support Lead or AR/Credit Team Leader (as per authorization levels) as requested
- Perform any and all duties, which ensure the smooth and efficient functioning of the department
- Understands and follow company rules and regulations
- Recommending securities
- Process adjustments and maintain all files in regard to bank documents and transactions
- Identify potential bad debt and/or delinquent accounts
- Prepare weekly deduction and shipping reports, other reports
- Perform customer credit check to assess the customer’s credit worthiness
- Lead and chair the monthly A/R review with PMs and Sales/Customer services, document and follow up on agreed action
- Ensure all the mandatory fields in the customer master data being assigned and maintain properly according to the global and local credit and collection policies
- 3 to 5-year experience in multinational companies (fast rotation consuming goods preferred)
- Fluid English speaker (80%)
- Bachelor or Associates degree
- Minimum 2 to 3 years credit/collection experience
- Must have the ability to prioritize job responsibilities, work well under pressure with accuracy
- Computer, 10 Key, Microsoft Word & Excel skills needed
Credit & Collection Analyst Job Description
- Identify accounts and/or invoices that need dispute, escalation, final demand letter, and/or collections
- Proactively monitoring the customer’s risk
- Make the visit to customers in order to support the sales force
- Debug and permanenty review bank reconciliations
- Permanently analyze current account balances
- Check cash receipts
- Review the correct deposit to Banks
- Perform small box cash
- Perform releases of customer orders
- Analyze Promotional Agreements issued, check supporting documentation, check balance of rebates, process payments of funds
- Ability to work under tight deadlines, deal with diverse levels of personnel in a multi-functional environment
- Ability to work independently, under general direction, and create organized work plans and output requirements timely
- Ability to be flexible, multi-task, have strong organizational and communication skills to meet strict deadlines and manage multiple projects
- Strong computer skills utilizing Microsoft Office, Internet, and related applications
- Bachelor degree related to Accounting/Finances/ International Business
- BSc / MSc Degree in Finance & Accounting or in Business Administration