(K113) - Credit Analyst Assistant

(K113) - Credit Analyst Assistant

Position Identification

I. Position Identification

Job Title

Credit and AR Analyst - Assistant

Job Function

Accounting

Report to

Accounting Manager

Job Purpose

II. Job Purpose

Credit and AR Analyst plays a crucial role in supporting credit and AR management and various accounting tasks.

Key Accountabilities

III. Key Responsibilities

· Assisting a section of the overall A/R portfolio with respect to credit, collections, and customer interaction for TBR, PCLT and Corporate accounts. Cash application and collection duties to be included as part of overall customer reconciliation process.





· Daily credit hold releases and approvals based on company guidelines which are that the account must be within the credit line and not beyond the terms of sale.

· Send requests for confirmation of approval of lines of credit extended to Credit Insurance and Factoring and government insuring agencies.

· Assisting bi-weekly and monthly meetings with “Key accounts” to review payment history, past due balances and open deduction status.

· Preparing, editing and refining reports to North America and Global headquarters as needed.

· Independent review of customer’s orders to release credit holds based on specific guidelines (within the credit limit and not past due).

· Responsible for credit hold releases and any over-the-line or past due balances as result of releasing orders outside of given credit policies and procedures. Able to act independently and without constant supervision.

· Processing of AVB and other credits as required.

· Thorough understanding and knowledge of the Credit Management Suite (CMS) platform setup in order to enter and analyze results of reports on customer’s financials - balance sheet, Income statement and statement of cash flows.





· In-depth credit analysis and reporting of all credit lines based on updated financials, sales trending and customer profitability.

· Financial analysis based on liquidity, asset management, debt management and profitability. Increase proficiency in reading/interpreting financial statements to determine credit lines and customer trending.

· Run and analyze NACM (National Association of Credit Manager’s) reports and other manufacturers trade reporting.

· Research & resolve customer payment discrepancies to include deductions for shortage, returns, cash discount and other.

· Research credit reporting agencies which can help us to determine customer viability and potential.

· Integrate sales forecasting and trending into customer credit line determination.

· Assisting general accounting duties including Accounts Payable and other administration.





Level of Accountabilities

- Professional, individual contributor level position with impact on business-based decision making
- Individual contributor able to work without supervision

Core Competencies

V. Core Competencies

· Must be computer literate, especially Microsoft EXCEL, WORD & POWER POINT

· Able to “host” and provide feedback for department and inter-departmental conferences and meetings.

· Knowledge of SAP or large ERP platform a plus.

· Detail oriented and self-starter.

· Actively demonstrates a positive attitude willingness to work as a Team to accomplish department and corporate goals.

· Excellent verbal, written and customer service skills. Ability to handle difficult situations while maintaining calm and purposefulness.

· Thorough understanding of industry practices,



organizational need and general business conditions

Qualifications

VI. Qualification

· Diploma or degree in accounting or finance

· 2+ years in B2B credit and collections experience

· Working knowledge of accounting and credit/collection in B2B setting

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The original job offer can be found in Kit Job:
https://www.kitjob.ca/job/89691803/k113-credit-analyst-assistant-mississauga/?utm_source=html