Credit Collections Specialist

Job Description

Job Description

We are seeking a highly motivated and detail-oriented Credit and Collections Analyst to join our finance team. The ideal candidate will be responsible for managing customer credit accounts, assessing creditworthiness, and ensuring timely collections.

This role plays a crucial part in maintaining a healthy cash flow and minimizing credit risks for the organization.

Responsibilities : Credit Assessment :

Credit Assessment :

• Evaluate the creditworthiness of new and existing customers.
• Analyze financial statements, credit reports, and other relevant data to make informed credit decisions.
• Establish credit limits based on the assessment of each customer's financial stability.

Collections Management :

• Monitor and manage customer accounts receivables to ensure timely payments.
• Contact customers regarding overdue payments and negotiate payment plans when necessary.
• Collaborate with sales and customer service teams to address billing issues and resolve customer disputes.

Risk Mitigation :

• Identify potential credit risks and propose strategies to mitigate them.
• Regularly review and update credit policies and procedures to align with industry standards and company goals.

Reporting and Documentation :

• Maintain accurate and up-to-date records of customer interactions and collection efforts.
• Generate and analyze reports on credit and collections performance for management review.

Qualifications :

• Bachelor’s degree in Finance, Accounting, or related field.
• Proven experience as a Credit and Collections Analyst or in a similar financial role.
• Strong analytical skills with the ability to interpret financial data and make sound credit decisions.
• Excellent communication and negotiation skills.
• Proficiency in using financial software and MS Office, particularly Excel.
• Knowledge of credit laws and regulations.

Attributes :

• Detail-oriented and organized.
• Results-driven with a focus on achieving collection targets.
• Ability to work independently and collaboratively within a team.
• Adaptability to evolving credit and collections processes.
• Strong problem-solving skills.
28 days ago