Credit Analyst

Credit Analyst

Position Summary

We are seeking a detail-oriented and analytical Credit Analyst to join our Finance team. This role is responsible for evaluating customer creditworthiness, reviewing financial information, establishing credit limits, monitoring account risk, and supporting accounts receivable efforts. The Credit Analyst will work closely with sales, operations, and finance teams to minimize financial risk while supporting business growth and maintaining positive customer relationships.

Key Responsibilities

Credit Analysis & Risk Assessment

• Review and analyze customer credit applications and supporting financial documentation.
• Evaluate financial statements, credit reports, payment history, and other relevant data to determine credit risk.
• Establish and recommend appropriate credit limits and payment terms.
• Monitor existing customer accounts for changes in creditworthiness and risk exposure.
• Conduct periodic credit reviews and account assessments.

Account Monitoring & Collections Support

• Track customer payment trends and identify delinquency risks.
• Partner with Accounts Receivable to address past-due accounts and collection efforts.
• Review aging reports and recommend actions to reduce outstanding balances.
• Assist with resolving payment disputes and customer account issues.
• Support cash flow objectives through proactive account monitoring.

Reporting & Compliance

• Maintain accurate credit files and customer records.
• Prepare credit risk reports and account analysis for management.
• Ensure compliance with company credit policies and procedures.
• Recommend updates to credit policies based on market conditions and risk trends.
• Support internal and external audit requests as needed.

Cross-Functional Collaboration

• Partner with sales and operational teams to balance customer service with risk management.
• Communicate credit decisions and recommendations effectively to stakeholders.
• Assist with contract reviews related to payment terms and credit requirements.
• Provide guidance regarding customer credit exposure and risk mitigation strategies.

Process Improvement

• Identify opportunities to improve credit review processes and operational efficiencies.
• Assist with system enhancements and reporting automation initiatives.
• Support finance department projects and continuous improvement efforts.

Qualifications

Education

• Bachelor's Degree in Finance, Accounting, Business Administration, Economics, or related field preferred.
• Equivalent combination of education and experience may be considered.

Experience

• 2–5 years of experience in Credit Analysis, Accounts Receivable, Commercial Collections, Finance, Banking, or related field preferred.
• Experience reviewing financial statements and assessing credit risk.
• Experience working with ERP systems, accounting software, and reporting tools preferred.

Skills & Competencies

• Strong analytical and problem-solving abilities.
• Knowledge of financial statements and credit risk evaluation.
• Understanding of commercial credit practices and collections processes.
• Excellent attention to detail and organizational skills.
• Strong verbal and written communication skills.
• Ability to make sound business decisions based on financial data.
• Advanced Microsoft Excel skills preferred.
• Ability to manage multiple priorities in a fast-paced environment.

Key Performance Indicators (KPIs)

• Credit Application Turnaround Time
• Delinquency Rate
• Bad Debt Reduction
• Days Sales Outstanding (DSO)
• Collection Effectiveness
• Credit Review Completion Rate
• Account Accuracy and Documentation Compliance
• Risk Mitigation and Loss Prevention

Work Environment

• Primarily office-based.
• Frequent use of computer systems and financial software.
• Regular collaboration with Finance, Sales, Operations, and Leadership teams.

What We Offer

• Competitive Compensation
• Health, Dental, and Vision Insurance
• 401(k) with Company Match
• Paid Time Off and Holidays
• Career Growth Opportunities
• Collaborative and Team-Oriented Environment

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