Address- Responsible for all aspects of the credit process for assigned customer base.
- Perform ongoing review of customer financials to ensure no deterioration in financial strength and creditworthiness, recommending appropriate action (change credit limit, obtain credit enhancements, etc.) to mitigate credit risk.
- Develop and foster relationships with the Marketing team to gain a better understanding of sales strategies (product placement needs, margin potential, geographic appetite, etc.).
- Conduct in-depth analysis of counterparty financial statements, obtain third-party credit information, and monitor macro aspects of global economy that may lead to a financial deterioration of customer segments.
- Manage and monitor company’s over credit line exposure through the open order management system.
- Assist with developing methodology, financial models and systems for assessing customer financial risk and setting appropriate credit limits.
- Negotiate all forms of customer credit enhancements (letters of credit, cash deposits, personal and/or parent company guarantees, etc.) and coordinate with internal and external legal departments.
- As owner of the decision to extend credit, serve as escalation point for past due accounts in conjunction with Accounting and/or Marketing groups.
- Make recommendations on department and company process improvement opportunities, and enlist other appropriate departments to work towards implementation.
- Work closely with customers in financial distress to ensure company receives all monies due, minimize/eliminate bad debt write-offs and coordinate with other departments as needed.
- Develop and prepare materials for, and participate in, meetings with senior leaders to inform and discuss customer credit risk, risk mitigation strategies, and key performance indicators.
- Analyze financial risk of banking counterparties to better manage investment opportunities and provide recommendations on exposure appetite.
- Serve as the finance representative in cross-departmental initiatives, ad hoc projects, and acquisition integration.
- Cross-train with other departments within the finance group and provide backup and assistance as needed.
Special assignments or tasks assigned to the employee by their superior, as determined from time to time in their sole and complete discretion.
