Credit Analyst Assistant

at  Hankook Tire Manufacturing Tennessee

VI. QUALIFICATION

• Diploma or degree in accounting or finance
• 2+ years in B2B credit and collections experience
• Working knowledge of accounting and credit/collection in B2B setting

Level of Accountabilities:

• Professional, individual contributor level position with impact on business-based decision making
• Individual contributor able to work without supervisio

II. JOB PURPOSE

Credit and AR Analyst plays a crucial role in supporting credit and AR management and various accounting tasks.
Key Accountabilities:

III. KEY RESPONSIBILITIES

• Assisting a section of the overall A/R portfolio with respect to credit, collections, and customer interaction for TBR, PCLT and Corporate accounts. Cash application and collection duties to be included as part of overall customer reconciliation process.
• Daily credit hold releases and approvals based on company guidelines which are that the account must be within the credit line and not beyond the terms of sale.
• Send requests for confirmation of approval of lines of credit extended to Credit Insurance and Factoring and government insuring agencies.
• Assisting bi-weekly and monthly meetings with “Key accounts” to review payment history, past due balances and open deduction status.
• Preparing, editing and refining reports to North America and Global headquarters as needed.
• Independent review of customer’s orders to release credit holds based on specific guidelines (within the credit limit and not past due).
• Responsible for credit hold releases and any over-the-line or past due balances as result of releasing orders outside of given credit policies and procedures. Able to act independently and without constant supervision.
• Processing of AVB and other credits as required.
• Thorough understanding and knowledge of the Credit Management Suite (CMS) platform setup in order to enter and analyze results of reports on customer’s financials - balance sheet, Income statement and statement of cash flows.
• In-depth credit analysis and reporting of all credit lines based on updated financials, sales trending and customer profitability.
• Financial analysis based on liquidity, asset management, debt management and profitability. Increase proficiency in reading/interpreting financial statements to determine credit lines and customer trending.
• Run and analyze NACM (National Association of Credit Manager’s) reports and other manufacturers trade reporting.
• Research & resolve customer payment discrepancies to include deductions for shortage, returns, cash discount and other.
• Research credit reporting agencies which can help us to determine customer viability and potential.
• Integrate sales forecasting and trending into customer credit line determination.
• Assisting general accounting duties including Accounts Payable and other administration.

Level of Accountabilities:

• Professional, individual contributor level position with impact on business-based decision making
• Individual contributor able to work without supervision

Core Competencies: