Apply on Employer Site

Novia Infotech · 1 day ago

Credit Analyst

Englewood Cliffs, NJ

Contract

Onsite

Senior Level

5+ years exp

Novia Infotech is seeking a Credit Analyst to protect the company's assets while supporting sales needs. The role involves performing detailed reviews and risk analysis on a portion of Samsung's portfolio of accounts to assess commercial credit risk, assign credit limits, and collaborate with team leads on credit actions.

Information Technology & Services

Hiring Manager

Govind Yadav

Responsibilities

Manage the commercial credit risk for an assigned portfolio of accounts applying Samsung’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 Samsung’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 Samsung’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 inquires 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 companywide 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)

Qualification

Financial analysisCredit reviewRisk assessmentSAPCommercial credit experienceAnalytical skillsCommunication skillsNegotiation skillsTeamwork

Required

Bachelor's degree with focus on accounting or finance

5+ applicable experience

Proficient in Windows, Excel, Word, PowerPoint

Understanding the business and market trends which impact our accounts

Strong analytical skills, the ability to analyze and also interpret the meanings in written and verbal form

Approximately 3-5 years commercial credit experience performing complex financial statement analysis, as well as handling spreadsheets and reporting tools used to conduct successful analysis

An understanding of risk/reward analysis and credit mitigation documents

Familiar with SAP

Manage the commercial credit risk for an assigned portfolio of accounts applying Samsung's credit practices and procedures

Perform detailed reviews and risk analysis on an ascribed portion of Samsung'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

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

Recommends individual credit lines or, for unqualified accounts, works with team leads to assess the viability of other hedging options

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

Prepare and submit departmental reports from simple inter-department reports, to more complex companywide reports

Will be required to be part of customer visits as needed to obtain financials or assess overall business operations and status of assigned accounts

Maintain bad debt loss ratio not greater than Management Plan of Sales

Timely and in-depth review and monitoring of all assigned accounts

Timely preparation and submission of departmental reports

Maintaining appropriate credit lines and hedging limits within SAP Master Report and SCES for all assigned accounts

Timely and effective communication with sales or other stakeholders on all accounts within portfolio

Timely and effective communication with key contacts of the account itself and or the account teams and the ability to obtain all required information to perform account reviews

Strong Financial Analysis and risk assessment skills

Understanding of insurance and various other hedging options

Solid communication and negotiation skills

Considers a wide range of alternatives prior to making a decision

Takes initiative as problems & opportunities arise; seizing opportunities early

Effectively recognizes emergencies & crisis's and brings them to attention of team leads

Actively develops a climate of teamwork & cooperation when working with peers

Ability to communicate with people at different organizational levels

Follows up on tasks & assignments to ensure successful completion on assigned dates