Credit Analyst Job in Chanhassen, Minnesota US
Credit Analyst
Chanhassen, MN
Checkpoint Systems, Inc. is a global leader in shrink management, merchandise visibility and apparel labeling solutions. Checkpoint partners with retailers and their suppliers to reduce shrink, improve shelf availability and leverage real-time data to achieve operational excellence. Checkpoint solutions are built upon 40 years of RF technology expertise, diverse shrink management offerings, a broad portfolio of apparel labeling solutions, market-leading RFID applications, innovative high-theft solutions and its Web-based Check-Net data management platform. As a result, Checkpoint customers enjoy increased sales and profits by improving supply-chain efficiencies, by facilitating on-demand label printing and by providing a secure open-merchandising environment enhancing the consumer’s shopping experience.
The Credit Analyst performs collection activities in accordance with corporate policies and procedure and determines the credit worthiness of new and existing customers. This position communicates with customers, internal billing groups, and collection agencies and law firms to maintain collection levels and resolve credit and collection issues.
PRIMARY RESPONSIBILITIES:
· Works with customers, inside and outside sales staff and the billing group to resolve deductions from payments in a timely manner.
· Partners with the billing group on credit memos to be issued and to properly invoice customers.
· Maintains pre-determined collection levels for the seriously past due accounts and achieves cash collected and DSO goals for the departments.
· Alerts management and sales to changes in risk and credit worthiness for customer accounts.
· Establishes and maintains credit limits based on sales, payment terms and financial conditions.
· Works with customers, the billing group and cash applications to ensure cash is properly posted, account clean-up adjustments are made, and resolving any problems that may arise.
· Maintains credit files including application and financial information on the Lotus Notes database.
· Creates monthly reports including; Monthly Key Account Report for management, Customer Requests Report, and Management Requests.
· Interfaces with collection agencies and law firms to prepare files needed for outside collection.
· Reviews orders on credit hold and takes the appropriate actions such as preparing release orders, hold orders or adjusting credit limits.
· Prepares Bankruptcy Files by updating the system with notes and credit holds, filing proof of claim, providing documentation for new value or preference claim defense for the Attorney, and following up with outside counsel until plan is accepted.
KNOWLEDGE SKILL REQUIREMENTS:
· Bachelors Degree in Accounting, Finance or a related field, or an equivalent combination of education and work experience.
· 1-2 years of previous collections experience is preferred.
· Proficiency in Microsoft office applications, especially Excel.
· Previous experience with SAP would be a plus.
· Must be able to work well independently and be a team player.
· Strong written and verbal communication skills are required.
· Takes responsibility and initiative to act and think independently.
· Must be able to handle a high volume of inbound and outbound emails and calls on a regular basis.
We offer competitive pay and a comprehensive benefits package including medical and dental plans at a low cost to employees, life and disability plans, 401(k), performance incentive plans, employee stock purchase plan, tuition reimbursement, paid vacation, sick and personal time off; and more in an employee-focused organization. Please submit your resume with salary requirements to:
Email addresses: ckpresume.hr@checkpt.com
Fax: 952-227-5876
Corporate website: www.checkpointsystems.com
Equal Opportunity/Affirmative Action Employer
Drug Free Workplace