Credit Analyst
Brother USA

Job Info

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The Credit Analyst performs credit and collection activities related to assigned customer portfolio. This includes maintaining customer relationships, performing credit evaluations and making credit limit recommendations, identifying collection issues, developing and recommending payment agreements, maintaining customer account reconciliation, forecasting customer payments, and preparing status reports.

Let's Grow Together

Our mission is to live our "at your side" promise and simplify and enrich the lives of our customers, employees, and communities. "At your side" is more than a slogan to us; it's the purpose we do our best to fulfill every day. With a legacy spanning over a century, this is a great place to launch or expand any career and push the boundaries of what comes next. We're committed to achieving shared success, and we provide opportunities for you to develop through experience, exposure and education. Our people have always leveraged their unique perspectives to keep us on the right track for a lasting future. If you want to innovate, learn, and grow with a global leader that builds products, services, and a company people love, then we'll be "at your side" every step of the way.

Credit Analysis

• Review established credit lines as required. Ensure Credit Limits are supported and justified by available information. Perform financial statement analysis and interpret credit re-ports and trade reports, review new account Credit Applications and verify Bank & Trade References, Tax status
• Make credit line recommendations commensurate with approval level
• Review credit holds/suspended orders to facilitate order flow
• Advise appropriate collectors and sales of what is required for the order to be released
• Release orders or escalate to management according to established approval authorities
• Activate new accounts
• Update and maintain Credit Limits, terms, and risk codes based on the credit file and history.
• Monitor credit limit review dates as appropriate

Collections

• Maintain timely collections on the assigned portfolio
• Negotiate payment to enforce the terms of sale and ensure prompt payment to prevent credit holds due to past due balances
• Research and Resolve outstanding disputes and deductions
• Prepare journal entries to match and clear invoices, deductions, credits, and payments

Sales Communication

• Continuous documented communication with sales regarding forecasted sales and credit line, exposure, past due balances, and disputes. Explain risk position and recommend account strategy
• Advise sales of problem accounts and any issues that are impacting our ability to release orders to a customer

Reporting

• Assist with preparation of monthly Bad Debt Analysis
• Make recommendations of accounts that should be considered for specific reserve to ensure adequate bad debt allowance coverage
• Monitor insurance coverage versus credit exposure and make recommendations on credit insurance coverage. Assist in quarterly and annual true-up reporting

Requirements

• Bachelor's Degree (or equivalent experience) in Finance, Accounting or Business Administration
• Minimum 3 years' credit analysis, collection and business experience
• Advanced Excel skills and SAP AR and OM modules knowledge

Other Required Skills/Knowledge/Abilities

• Ability to understand and interpret financial statements and ratios as well as Credit and Trade Reports
• Knowledge of KPIs around customer payment history
• Ability to write sound financial assessments and credit limit recommendations for our customers and explain our position to non-financial colleagues such as salespeople, other team members, and management

Preferred Knowledge/Abilities

• Bilingual English and Spanish is a plus
• Knowledge of collections software and customer portals is a plus

Brother Offers

• A competitive base salary
• Rich and comprehensive benefits package
• Casual dress environment
• Tuition reimbursement: Up to 10k yearly
• Access to learning and development online and in-person classes

Brother International Corporation has earned its reputation as a premier provider of home office and business products, home appliances for the sewing and crafting enthusiast as well as industrial solutions that revolutionize the way we live and work. Brother International Corporation is a wholly-owned subsidiary of Brother Industries Ltd. With worldwide sales exceeding $6 billion, this global manufacturer was started more than 100 years ago. Bridgewater, New Jersey is the corporate headquarters for Brother in the Americas. It has fully integrated sales, marketing services, manufacturing, research and development capabilities located in the U.S. In addition to its headquarters, Brother has facilities in California, Illinois and Tennessee, as well as subsidiaries in Canada, Brazil, Chile, Argentina, Peru and Mexico. For more information, visit www.brother.com.

Brother International Corporation ("Brother") is an equal opportunity employer and does not discriminate or make employment decisions on the basis of race, color, religion, sex, disability, or any other characteristic protected by applicable state or federal laws. If you require any physical or other assistance in completing this application, a reasonable accommodation will be made upon request.

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