CREDIT AND COLLECTIONS ANALYST SKILLS, EXPERIENCE, AND JOB REQUIREMENTS
Published: September 10, 2024 - The Credit and Collections Analyst possesses expert abilities in industry research, risk analysis, and the creation of detailed credit assessment reports, with a focus on identifying key performance drivers and opportunities for process enhancements. Skilled in SOX compliance, auditing, and proficient use of reporting tools like Microsoft Excel, with practical experience in SAP and fast-paced accounting settings, especially accounts receivable. Demonstrates strong communication skills, capable of articulating complex information concisely to diverse seniority levels, alongside the capacity to meet stringent deadlines independently.
Essential Hard and Soft Skills for a Standout Credit and Collections Analyst Resume
- Financial Analysis
- Credit Risk Assessment
- Accounting Principles
- Data Analysis
- Proficiency with Credit Management Software
- Knowledge of Legal Compliance
- Financial Reporting
- MS Excel Proficiency
- Understanding of Financial Ratios
- Invoice Management
- Communication
- Negotiation
- Problem Solving
- Attention to Detail
- Organizational Skills
- Customer Service
- Empathy
- Decision Making
- Stress Management
- Adaptability
Summary of Credit and Collections Analyst Knowledge and Qualifications on Resume
1. BS in Finance with 4 years of experience
- Ability to adapt to a dynamic and often fast-paced work environment.
- Excellent organization and time management skills
- Experience in an A/R role or credit and collections position.
- Ability to perform Financial Statement Analysis and credit risk assessment preferred.
- Experience with big-box retailers (Walmart, Amazon, etc.)
- Familiarity with letters of credit and cash against document payments.
- Experience with ERP systems, NetSuite experience a plus.
- Proficient with spreadsheet applications, using Excel, Word, and PowerPoint.
- Ability to work well on time constraints.
- Proven ability to multi-task and make decisions in a fast-paced environment.
- High attention to detail.
2. BA in Accounting with 3 years of experience
- Experience in customer collections
- Experience in reviewing company financials and establishing appropriate credit limits to mitigate company risk
- Experience with Oracle ERP
- Excellent account reconciliation skills
- Excellent communication skills, both telephone and written
- Proficient with MS Excel, MS Word, and any other products within the Microsoft Suite
- Strong organizational skills
- Ability to work and communicate among multiple teams and functions
- Experience with accounting, budgeting, finance or customer service
- Advanced knowledge and skill with MS Excel, MS Word, and/or any other products within the Microsoft Suite
- Experience in accounting, budgeting, finance or customer service
- Preferred experience working in the technical industry
3. BS in Business Administration with 4 years of experience
- Experience in business-to-business trade credit environment
- Advanced knowledge of credit and collections practices
- Advanced knowledge of credit risk abatement tools such as guarantees, letters of credit, etc.
- Advanced knowledge of Microsoft Office products, particularly Excel, Word, and PowerPoint.
- Experience with credit reporting agencies such as D&B, Experian, BVD, Coface
- Experience with Get Paid, JDE, Infor M3, MacPac, SAP ERP systems
- Ability to balance business opportunities with risk management
- Ability to assess the risk of extending credit in complex or difficult situations
- Ability to recognize developing risk situations that may warrant review or suspension of customer’s credit line and recommend solutions
- Ability to compel or negotiate customer payments in difficult situations
- Ability to communicate effectively with business and finance counterparts regarding portfolio health, potential risks and risk solutions.
4. BA in Economics with 3 years of experience
- Knowledge of basic industry research capabilities, including risk and key drivers
- Capable of writing comprehensive and in-depth credit assessment report
- Ability to identify key drivers for change and process improvements
- Strong written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority
- Efficient judgment and informed decision-making skills
- Good knowledge of audit and SOX compliance
- Highly proficient in reporting tools such as Excel
- Ability to work to tight corporate deadlines
- Ability to work independently and communicate with all levels within the organization
- Good working knowledge of computerized system
- Proficiency in Microsoft Office with a strong emphasis on Microsoft Excel
- Experience with SAP
- Experience working within a fast-paced accounting environment (accounts receivable preferred)
5. BS in Management with 4 years of experience
- Experience in working with large customers and processes, such as Amazon, Bed Bath & Beyond, Best Buy, Crate & Barrel, Target, and other large customers will be a major benefit
- Experience and strength in Microsoft Excel
- Ability to multi-task and learn quickly in an autonomous, fast-paced environment
- Experience working within customer/vendor portals
- Excellent written and verbal communication skills
- Strong customer service skills
- Experience with Microsoft Dynamics D365/AX
- Adept at computer use (Excel particularly)
- Extremely organized and good at following through without reminders
- Efficient and great at time management
- Tenacious, strong-willed, and persistent
- A problem-solver with strong analytical abilities
- Good at following instructions and has an unwavering attention to detail
- Flexible and open to change
- Able to prioritize and multi-task