Address
Form of work- Analyze financial information such as Profit and Loss Statements, Balance Sheets, Cash Flow Statements, tax returns, Business Principal Reports and credit reports to ensure the customer qualifies for the credit line requested. Utilize 3rd party tool for credit scoring and for periodic and routine credit reviews. Determine applicable Security and coordinate efforts with Sales and Customers to obtain necessary information.
- Prepare and distribute Monthly and Quarterly reports including Bad Debt, P-Note, Lease, Consignment, Loan, and LC report. Monitor and audit monthly consignment billing to mitigate risk.
- Determine and administer all UCC1 and UCC3 (Uniformed Commercial Code) articles of incorporation filings facilitated by Master Lease Agreement, Security Agreement and Installment Payment plan agreement. Confirm the legal entity, preparation of documentation and timely filing.
- Create Master Credit Accounts for multiple facilities to utilize one 'Parent' credit limit. Audit and ensure the facilities are correctly supported by proper documentation and or Security Instrument. Perform extensive research and verification for multiple facilities and structure to ensure sharing of the credit line has been applied correctly.
- Discuss Irrevocable Standby Letters of Credits/Documentary Letters of Credit with Financial Institutions, Customers, and Sales when required to secure a credit line. Interpret and approve the terms and conditions defined on the Letter of Credit to ensure compliance. Direct the verbiage in accordance to our policy and issued with limited conditions for draw down. Responsible for taking appropriate action when exercising the Draw against Letters of Credit. Manage renewal of LC's before expiration and coordinate with the team to manage all L/C's are properly and securely stored in the bank safety deposit box.
- Approve and determine if a customer qualifies for an extension of payment terms. Analyze all financial data, initiate discussions with sales about volume and profitability requirements, and any established historical data. Work with Sales and AR services to resolve accounts which are delinquent or beyond the payment terms requested to achieve desired results.
- Conduct credit analysis and approvals of other sectors of Medline's business as required. Ascertain credit worthiness for all of Medline's Core Business Units, and formulate options or financing programs to promote and optimize sales opportunities.
- Provide documentation to Sales Administration to ensure the integrity of commissioned dollars to ensure prompt and accurate payment to the Sales Staff. Serves as Auditor of transactions to confirm whether compensation is realized.
- High School diploma or equivalent
- At least 5 years of Commercial Credit experience.
- Intermediate level of technical and financial knowledge as well as understanding of relevant business environment.
- Experience interpreting financial statements, D & B Report, Personal Consumer Files and other relevant documents.
- NACM Certification helpful.
- Bachelor's degree in Business or related field.
- NACM Certification
- At least 5 years equivalent work experience in commercial credit and collections.
- SAP experience.
Covid-19 Vaccination
Please be aware that Medline requires all employees starting in this position to be fully vaccinated against COVID-19. This position will require the successful candidate to provide proof that they are fully vaccinated by their start date. Medline is an equal opportunity employer, and will provide reasonable accommodations to those individuals who are unable to be vaccinated for COVID-19 consistent with federal, state, and local law.
Benefits
Medline Industries, LP, and its subsidiaries, offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.
The anticipated salary range for this position is $61,438 - $105,040. This salary range is an estimate and the actual salary will vary based on applicant's location, education, experience, skills, and abilities. This role is bonus eligible. Medline will not pay less than the applicable minimum wage or salary threshold.
Medline is committed to offering competitive benefits and a variety of choices to best meet the needs of you and your family. For employees scheduled to work at least 30 hours per week, this includes health and well-being, financial fitness, career development, paid time off and more. Employees scheduled to work less than 30 hours per week can participate in the 401(k) plan, access the Employee Assistance Program (EAP), Employee Resource Groups (ERG) and Medline Service Corps. For a more comprehensive list of our benefits, please click here.
Medline Industries, LP is an equal opportunity employer. Medline evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.
Every day, we're focused on building a more diverse and inclusive company, one that recognizes, values and respects the differences we all bring to the workplace. From doing what's right to delivering business results, together, we're better. Explore our Diversity, Equity and Inclusion page.
