Credit Analyst

Job Title: Credit Analyst

Location: Englewood Cliffs, NJ

Pay Rate Range: 33.00hr - 33.00hr

Staffmark Workforce Solutions offers this exciting contract opportunity at a global leader in electronics, mobile devices and appliances located in Englewood Cliffs, NJ.

Credit Analyst

Top Skills:

1. Financial analysis
2. Credit review
3. Risk assessment

Summary:

The main function of a business operations specialist is to maintain vendor relationships, acting as a business analyst for non-IT projects or filling organizational roles above an administrative level, but below a management level. Other responsibilities may include maintaining all project management processes, including project goals, deadlines, metrics, and budget. The business operations specialist usually reports to a project manager or director.

Responsibilities:

• Manage the commercial credit risk for an assigned portfolio of accounts, applying client credit practices and procedures (portfolio will typically contain lower risk accounts with modest credit limits)
• Perform detailed reviews and risk analysis on an assigned portion of the client's portfolio of accounts to assess commercial credit risk as well as assign, maintain, or adjust credit limits.
• Plans and schedules credit review and risk analysis for the assigned portfolio of accounts
• Uses credit risk analysis skills and business acumen, along with available risk assessment tools and third-party data, to analyze new account requests for open lines of credit as assigned; interfaces with team leads for guidance when encountering unique credit situations during this process.
• Obtain all necessary information to properly risk assess, including assigning a risk category from our Financial Health Indicator, performing a robust financial review, and submitting through appropriate channels for activation of the credit line and assignment of the account number in SAP.
• Reviews and analyzes assembled reports, scorecard data, financial statements, and supplementary information such as bank and trade references, as well as payment history data, to arrive at sound financial decisions intended to support sales while protecting assets.
• Recommends individual credit lines or, for unqualified accounts, works with team leads to assess the viability of other hedging options, or courses of action, and again, with guidance from team leads, facilitates the implementation of a credit line or other approved solution for challenging risks
• Personally handles non-routine credit inquiries and correspondence as it relates to their portfolio, involving team leads for guidance on potential challenges based on those inquiries.
• Defers to team leads for advice on particularly complex problems and cases requiring interpretation of policy decisions.
• Monitors monthly lines of credit for customers in the assigned portfolio of accounts to ensure that balances are within approved limits
• Assist team leads or Sr. Analysts in support, when requested, to the following: Service Division, Content & Services, Harmon, Dacor, Neurologica, etc., in all aspects of risk assessment of Accounts Receivable, and also provide assistance with regard to credit processes and risk mitigation tools and services, as well as hedging options. This could include reports from third-party services or just general procedures and practices, along with requests for standard templates or forms and overall credit opinions.
• In the Company, team leads may be asked to represent the Company at creditors' meetings, trade shows, bankruptcy proceedings, or other related events.
• Prepare and submit departmental reports from simple inter-department reports to more complex company-wide reports. (may include but not limited to) Quarterly report, Monthly report, Watch list report, Z-Credit AR Forecast report, any ad-hoc reporting that may be required, etc.
• Will be required to be part of customer visits as needed to obtain financials or assess overall business operations and status of assigned accounts (team leads will accompany as necessary)

Requirements:

• Bachelor's degree with a focus on accounting or finance.
• Proficient in Windows, Excel, Word, and PowerPoint.
• Understanding the business and market trends that impact our accounts.
• Strong analytical skills, the ability to analyze and interpret the meanings in written and verbal form.
• Approximately 3-5 years of commercial credit experience performing complex financial statement analysis, as well as handling spreadsheets and reporting tools used to conduct successful analysis.
• An understanding of risk/reward analysis and credit mitigation documents. Familiar with SAP.
• Strong Financial Analysis and risk assessment skills
• Understanding of insurance and various other hedging options
• Solid communication and negotiation skills
• Considers a wide range of alternatives before making a decision
• Takes initiative as problems & opportunities arise; seizing opportunities early
• Effectively recognizes emergencies & and crisesand brings them to the attention of team leads
• Actively develops a climate of teamwork & cooperation when working with peers
• Ability to communicate with people at different organizational levels
• Follows up on tasks & assignments to ensure successful completion on assigned dates

Staffmark talent working with this clientreceive competitivecompensation anda great benefits package including medical, dental, vision, 401K, and Paid Time Off, plus more!

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