IMI Precision Engineering Credit and Collections Analyst in Littleton, Colorado

Overview

The Credit and Collection Analyst is responsible for research and examination of credit risk of business trade partners, and assessment of partner payment history & financial health. The primary responsibility will be recommending, and/or approving, payment terms and credit limits for Customers. This position utilizes accounting software systems and appropriate resource information to analyze and review financial information and track the status of accounts receivable against credit. Secondary responsibilities will be KPI reporting, cash forecasting, and initiating process improvements. Overall experience will be combined with specific business and industry knowledge to exercise judgement in planning and achieving business goals. Currently we are looking to fill two analyst positions, not just one - so there will be multiple opportunities.

Responsibilities

Essential Functions and Responsibilities – Credit

  1. Engaged in credit limit review program, including coordination with business Finance Directors, internal and external auditors, and Director of Credit.

  2. Annual and periodic reviews

  3. Identify and recommend customer accounts for review of terms, credit limits, shipment hold, outside collections, and/or bad debt to the Director, Credit and Collections.

  4. Reviews new account set-up requests:

  5. Recommends terms and credit limits.

  6. Leverages a thorough understanding of business financial reports to assess risk of trade partners for credit risk.

  7. Identifies and evaluates financial and payment barriers, collaborates with internal departments and customer representatives to mitigate risk of delayed payment and bad debt.

  8. Assists with order management and credit holds for current day and/or periodic shipments

  9. Ensures all account documentation is completed in an accurate and timely manner and is fully compliant with IMI, legal, and accounting standards.

  10. Participates in, and/or leads, process improvement projects and training for the Credit & Accounts Receivable operations.

Essential Functions and Responsibilities – Collections

  1. Handles a portfolio of assigned accounts for collection

  2. Conducts periodic reporting on assigned portfolio of accounts, ensuring management is apprised of potential risks.

  3. Ensures all collection activities are conducted within applicable legal guidelines.

  4. Ensures all activities meet departmental quality standards as well as professional audit, credit, and collections standards

  5. Assists management in making sound business decisions by ensuring that customer data and reporting are accurate, complete, and delivered in a timely manner.

  6. Ensures the efficient operation of the credit and collection function within IMI Precision Engineering by performing duties accurately and in a timely basis.

  7. Participates in, and/or leads, process improvement projects and training for the Credit & Accounts Receivable operations.

  8. Other duties as assigned.

Qualifications

Qualifications

Education and Experience

  1. Bachelor’s Degree in Finance, Accounting, or Business Management is required.

  2. Seven (7) to ten (10) years credit analysis and business-to-business collections experience, and/or an equivalent combination of education and experience.

  3. Effectively employ commercial sensitivity, business acumen, and good judgement, while applying strong comprehension of credit risk mitigation and accounting principles in the interpretation of customer financial statements.

  4. Exceptional written and oral communication skills, including customer relationships and payment negotiations.

  5. Effectively secure prompt payment from customers, while applying strong comprehension of credit risk mitigation and collection principles in the collection process.

  6. Ability to communicate effectively with customers and provide exceptional service

Computers and Technology

  1. Advanced skills in MS Office Suite (Word, Excel, and Outlook) and ERP Accounting systems

  2. Exceptional Excel skills including knowledge of data analytics, pivot tables, and other relevant financial reporting and accounting tools.

  3. ERP experience, including JDE.

Certifications

NACM Certification desired

Job ID 2018-31540

# of Openings 1

Category Accounting/Finance

Platform IMI Precision Engineering