What are the responsibilities and job description for the Credit Analyst position at Research & Diagnostic Systems, Inc.?
By joining Bio-Techne, you’ll join a company with a powerful and positive purpose of enabling cutting-edge research in Life Sciences and Clinical Diagnostics. Bio-Techne, and all of its brands, provides tools for researchers to further treat and prevent disease worldwide.
Pay Range:
$49,700.00 - $81,650.00Position Overview: We are seeking an experienced and highly skilled Credit Analyst to join our team. The ideal candidate will have over five years of credit analysis experience. In this role, you will be responsible for evaluating the creditworthiness of new and existing customers, managing risk, and ensuring that credit policies are adhered to while supporting business growth.
Key Responsibilities:
Credit Risk Analysis:
Analyze financial statements, credit reports and other relevant data to assess the creditworthiness of customers.
Perform thorough risk assessments, evaluating industry trends, economic conditions, and customer financial health.
Prepare detailed reports outlining credit findings, recommendations, and risk mitigation strategies.
Continue to develop a risk model using customer financial data
Credit Evaluation & Approval:
Lead the credit evaluation process for new clients, including reviewing credit applications, assessing credit limits, and making recommendations for approval or denial.
Establish and review credit limits for existing clients, ensuring they align with company policies and risk tolerances.
Monitor the credit portfolio to ensure customers are maintaining appropriate credit limits and payments.
Manage orders on credit hold.
Assess credit for project business proposals.
Relationship Management:
Work closely with sales teams to understand customer needs and identify potential credit risks.
Maintain ongoing communication with customers to ensure timely payment and resolve any disputes related to credit terms.
Collaborate with the Collections team to ensure smooth handling of collections and overdue accounts.
Credit Reporting and Compliance:
Monitor and report on the status of outstanding receivables, providing regular updates to management.
Ensure compliance with internal credit policies and external regulatory requirements.
Prepare periodic reports on portfolio performance, including aging reports, hold reports, watch list, bad debt, and write-offs.
Credit Policy and Process Improvement:
Refine credit risk assessment models, ensuring they align with industry standards and company objectives.
Recommend improvements to credit policies, processes, and systems to minimize risk while maximizing profitability.
Leadership & Development:
Contribute to departmental initiatives aimed at improving efficiency and accuracy in credit decision-making.
Assist in the development of negotiation tactics, personal interaction and pro-active business practices.
Cross Training to facilitate more productive interaction between credit, collection and sales staff.
Other Tasks as assigned by manager
Qualifications:
Bachelor's degree in Finance, Accounting, Business Administration, or related field (Professional certifications like CFA or CMA is a plus).
Minimum of 5 years of experience in credit analysis.
Strong knowledge of credit risk management, financial analysis, and financial modeling.
Proficiency in financial software and ERP systems (e.g AX, MAS).
Proficiency in Crunchbase, D&B, Experian.
Excellent communication and negotiation skills, with the ability to interact effectively with internal and external stakeholders.
Strong problem-solving skills and attention to detail.
Ability to work independently and manage multiple priorities in a fast-paced environment.
Preferred Skills:
Experience with grants/ Academia credit assessment.
Familiarity with collections processes.
Intimate knowledge of bankruptcy laws and practices, and ability to represent BT and manage exposure during the proceedings. Understanding of preference payments, critical vendor status.
Ability to successfully manage activities on past due accounts, including working relationship with collection agencies.
Why Join Bio-Techne:
We offer competitive insurance benefits starting on day one: medical, dental, vision, life, short-term disability, long-term disability, pet, and legal and ID shield.
We invest in our employees’ financial futures through 401k plans, an employee stock purchase plan (ESPP), Health Saving Account (HSA), Flexible Spending Account (FSA), and Dependent Care FSA.
We empower our employees develop their careers through mentorship, promotional opportunities, training and development, tuition reimbursement, internship programs, and more.
We offer employee resource groups, volunteer paid time off, employee events, and charity drives to build a culture of caring and belonging.
We offer an accrued leave policy with paid holidays, paid time off, and paid parental leave.
We foster a culture of empowerment and innovation, where employees feel valued and encouraged to bring their new ideas to the table.
Bio-Techne is an E-Verify Employer in the United States.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
To protect the interests of all, Bio-Techne will not accept unsolicited resumes from any source other than a candidate application. Any unsolicited resumes sent to Bio-Techne will be considered Bio-Techne property.
Salary : $49,700 - $81,650
