Financial Analyst

Pay rate range - $25/hr. to $30/hr. on W2

Work Schedule:

onsite

• Bachelor's degree with focus on accounting or finance
• 5+ applicable experience

• financial analysis
• credit review
• risk assessment

To protect the assets of the Company while also supporting the sales needs of the organization. The position's primary functions include but are not limited to performing detailed reviews and risk analysis on an ascribed portion of Client's portfolio of accounts in order to assess commercial credit risk as well as assign, maintain, or adjust credit limits. For accounts that do not qualify for an open line of credit, the role will require collaboration with team leads to discuss the possibility of alternative hedging (Letter of Credit, Flooring, Factoring, PUT Contracts, etc.).

The position holder will be responsible for continuous monitoring of their account portfolio insuring that credit limits are sufficient and alerting team leads as to financial downturns and, with guidance, potentially suggesting credit actions or other risk mitigating solutions. The position will also be responsible for the initial risk analysis and set up of new accounts working with various external teams to ensure appropriate documents are collected and accurate.

Additionally, the position will require reporting both assigned and ad-hoc that will be distributed within the group as well as to a broader audience. The position holder may also be asked to provide logistical support on the implementation and risk mitigation options/program(s) relating to all Accounts Receivables of the Company. Required business travel is minimal.

• Manage the commercial credit risk for an assigned portfolio of accounts applying Client's credit practices and procedures (portfolio will typically contain lower risk accounts with modest credit limits)
• Perform detailed reviews and risk analysis on an ascribed portion of Client's portfolio of accounts in order to assess commercial credit risk as well as assign, maintain, or adjust credit limits.
• Plans and schedules credit review and risk analysis for assigned portfolio of accounts
• Uses credit risk analysis skills and business acumen along with available risk assessment tools and third party data to analyze new account requests for open lines of credit as assigned; interfaces with team leads for guidance when encountering unique credit situations during this process
• Obtain all necessary information to properly risk assess including assigning a risk category from our Financial Health Indicator, perform robust financial review and submission through appropriate channels for activation of credit line and assignment of account number in SAP
• Reviews and analyzes assembled reports, scorecard data, financial statements and supplementary information such as bank and trade references as well as payment history data to arrive at sound financial decisions intended to support sales while protecting Client's assets
• Recommends individual credit lines or, for unqualified accounts, works with team leads to assess the viability of other hedging options, or courses of action and again with guidance from team leads facilitates the implementation of credit line or other approved solution for challenging risks
• Personally handles non routine credit inquiries and correspondence as it relates to their portfolio involving team leads for guidance to potential challenges based on those inquiries
• Defers team leads for advice on particularly complex problems and cases requiring interpretation of policy decision
• Monitors monthly lines of credit for customers in assigned portfolio of accounts to ensure that balances are within approved limits
• Assist team leads or Sr. Analysts in support, when requested, to the following:
  Service Division, Content & Services, Harmon, Dacor, Neurologica, etc. in all aspects of risk assessment of Accounts Receivable and also provide assistance with regard to credit processes and risk mitigation tools and services as well as hedging options. This could include reports from third party services or just general procedure and practices along with requests for standard templates or forms and overall credit opinions.
• In the Company of team leads may be asked to represent the Company at creditors' meetings trade shows bankruptcy proceedings or other related events
• Prepare and submit departmental reports from simple inter-department reports, to more complex company wide reports. (may include but not limited to) Quarterly report, Monthly report, Watch list report, Z-Credit AR Forecast report, any ad-hoc reporting that may be required, etc.
• Will be required to be part of customer visits as needed to obtain financials or assess overall business operations and status of assigned accounts (team leads will accompany as necessary)

• Maintain bad debt loss ratio not greater than Management Plan of…