WHAT IS A CREDIT ANALYST ?
The primary responsibility of the Credit Analyst is to evaluate and authorize new business in accordance with company policies. This role is crucial in minimizing debt defaults and enhancing sales by regularly assessing and adjusting credit limits for both new and established customers. This position reports to the Senior Credit Manager.
Need-to-Know Overview of a Credit Analyst
1. Roles of Credit Analyst
- Prepare and maintain all credit reports
- Review sales agreements and perform credit investigations to support the approval of new business.
- Liaise with internal departments and leasing partners to approve new business
- Maintain the customer database by conducting account creation and deletion, tax exemptions, name changes, and address changes while abiding by the SOX compliance regulations
- Regularly review and update customer credit limits and provide management with detailed analyses and recommendations
- Coordinate all third party and bankruptcy filings
- Review and analyze information from a variety of sources to complete complex reconciliations
- Post-secondary education in Accounting or Finance required
2. Qualifications and Experience of Credit Analyst
- Experience in credit and collections required
- Experience in credit and collections with extensive knowledge of credit risk analysis may substitute for the educational requirement
- CCP designation through the Credit Institute of Canada is an asset
- Refined analytical skills are required for credit review and account reconciliations
- Refined computer skills are required to use Macros, Vlookups, and pivot tables in Excel
- Intermediate time management/multi-tasking skills are required to ensure all month end deadlines and sales order deadlines are met
- Intermediate knowledge of systems S21 and AS400
- Basic project/process management skills are required to follow procedures and guidelines
- French is considered an asset Problem Solving/Innovation
- Problems are of a moderate scope.
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