Credit & Collections Analyst

We are looking for a skilled Credit and Collections Analyst to join our Finance team. Duties include developing and implementing policies and procedures to evaluate customer financial strength, research credit worthiness, evaluate risk, and recommend credit lines. Administer the collections process to resolve client payment issues. Work to protect the financial assets of the organization. Develop strategies and goals to reduce exposure to write-offs. Work closely with sales and other departments to communicate credit limits, provide support, resolve problems, and reconcile accounts. Recommend and implement credit extensions/revocations, and/or legal action where necessary. Perform reconciliation, credit adjustments, bad debt write-offs, refunds, customer notification, and other transactions or reports according to company policies and procedures. Generate financial statements and reports detailing accounts receivable status. Stay current on all applicable laws and maintain relationships with outside credit agencies. Review open accounts and reach out to clients with the goal of collecting customer payments while maintaining client relationships. Identify issues attributing to account delinquency and work with clients to set up acceptable payment arrangements. Streamline collection processes and recommend improvements. Ensure compliance with all applicable regulations regarding credit and collection processes. This role supports our finance roadmap with growth opportunities and efficiency.

Essential Duties and Responsibilities

• Processing accounting receivables and incoming payments in compliance with financial policies and procedures.
• Performing day to day financial transactions, including verifying, classifying, computing, posting, and recording accounts receivables’ data.
• Raising credit notes along with a detailed schedule of causes.
• Following up on late payments.
• Processing, verifying, and posting receipts for goods sold or services rendered.
• Researching and resolving account discrepancies.
• Maintaining records regarding payments and account statuses.
• Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted.
• Reporting monthly sales data for sales tax support.
• Additional duties and projects as assigned.

Requirements

• Requires a minimum of a bachelor's degree (or international equivalent) in accounting, finance, or business administration and 2+ years of relevant experience.
• A solid understanding of basic accounting principles, fair credit practices and collection regulations is a must.
• Strong troubleshooting skills.
• Multitasking skills to assist multiple tasks at once.
• Customer service skills to interact professionally and positively with coworkers.
• Microsoft Office proficiency, skills with PowerPoint and Excel, required.
• Attention to detail with excellent communication skills.
• Ability to get along in a team environment.
• Ability to follow all safety policies and procedures.
• Positive attitude with a continuous improvement mindset.