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Title
Text copied to clipboard!Credit and Collections Analyst
Description
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We are looking for a Credit and Collections Analyst to join our team. This role is essential in managing the financial health of our organization by assessing credit risks, monitoring customer accounts, and ensuring timely collections. The ideal candidate will have a strong background in finance, excellent analytical skills, and the ability to communicate effectively with clients and internal teams. As a Credit and Collections Analyst, you will play a critical role in maintaining positive cash flow and minimizing financial risks. You will work closely with the sales and finance teams to establish credit limits, resolve payment issues, and ensure compliance with company policies. This position requires a proactive approach to problem-solving, attention to detail, and a commitment to maintaining strong customer relationships. If you are passionate about finance and enjoy working in a dynamic environment, we encourage you to apply.
Responsibilities
Text copied to clipboard!- Evaluate and analyze customer creditworthiness.
- Monitor and manage accounts receivable balances.
- Ensure timely collection of outstanding invoices.
- Establish and maintain credit limits for customers.
- Collaborate with sales and finance teams to resolve payment disputes.
- Prepare regular reports on credit and collections performance.
- Ensure compliance with company credit policies and procedures.
- Identify and mitigate potential financial risks.
Requirements
Text copied to clipboard!- Bachelor's degree in Finance, Accounting, or a related field.
- Proven experience in credit and collections or a similar role.
- Strong analytical and problem-solving skills.
- Excellent communication and negotiation abilities.
- Proficiency in financial software and Microsoft Office Suite.
- Attention to detail and ability to work under pressure.
- Knowledge of credit laws and regulations is a plus.
- Ability to work collaboratively in a team environment.
Potential interview questions
Text copied to clipboard!- Can you describe your experience in credit and collections?
- How do you handle difficult conversations with clients regarding overdue payments?
- What strategies do you use to assess credit risk?
- Can you provide an example of a time you resolved a payment dispute?
- How do you prioritize tasks when managing multiple accounts?
- What financial software are you proficient in?
- How do you ensure compliance with credit policies and regulations?
- What steps do you take to maintain positive relationships with clients?