What are the responsibilities and job description for the Business Credit Analyst Position for a Global Industry Leader position at ITT Inc.?
Company Overview
ITT Inc. operates at the forefront of its industry, delivering innovative solutions to diverse markets worldwide.
The company's rich history and commitment to excellence have earned it a reputation as a trusted partner in various sectors, from aerospace to industrial process technologies.
Job Description
Credit and Collections Specialist Role
We are seeking a highly skilled Credit and Collections Specialist to join our team. This role will be responsible for performing collection and credit investigations for a portfolio of customers, ensuring timely resolution of outstanding issues, and providing excellent customer service.
Main Responsibilities:
- Conduct thorough credit evaluations using Dun & Bradstreet Credit Reports, forecast programs, financial statement analysis, trade reports, references, and other relevant tools.
- Develop and maintain relationships with internal and external parties to ensure seamless communication and prompt issue resolution.
- Analyze potential bad debts, provide detailed recommendations, and establish action plans for resolution in collaboration with internal stakeholders.
- Investigate disputed items, liaise with business unit contacts, and resolve issues efficiently.
- Participate in regular meetings with Business Unit Controllers to identify and address significant outstanding issues.
- Determine credit worthiness for domestic, Canadian, and export orders within assigned authority levels.
- Analyze credit worthiness for orders exceeding authority levels by analyzing supporting documentation and furnishing recommendations to higher authority levels.
- Evaluate terms and conditions on orders and obtain proper divisional acceptance for extraordinary terms.
- Maintain current credit limits to maximize sales and minimize losses.
- Assist in the AR reporting process, including producing, maintaining, and distributing various reports to Business Units as required.
- Analyze A/R spreadsheets to summarize significant changes in payment habits and provide insights for improved collections strategies.
- Provide exceptional customer service by assisting in account reconciliations.
Required Skills and Qualifications
Essential Requirements:
- A.A.S. in Business or equivalent experience (minimum two years credit/collection experience) OR five years of credit/collection experience with two credited business courses, including Accounting.
- Excellent written and verbal communication skills.
- Strong customer service skills.
- Basic accounting knowledge.
- Proficiency in MS Office, particularly Microsoft Excel.
- Problem-solving and analytical skills.
- Prior experience with AS400 and SAP is a plus.
- Prior experience with GetPAID is a plus.
- Ability to multitask and work effectively in a team environment.
Benefits
ITT Inc. offers a comprehensive compensation package that includes a competitive salary range of $52,000 to $77,400, depending on experience and qualifications, plus benefits and incentive plans.
Equal Opportunity Employer:
ITT Inc. is an Equal Opportunity/Affirmative Action employer and welcomes applications from qualified candidates without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status.
Salary : $52,000 - $77,400
