Credit Analyst

Herman Miller - Zeeland, MI

Full-time - Mid Level

Zeeland, MI

Furniture and Related Product Manufacturing

About the position

The Credit Analyst at MillerKnoll is responsible for conducting risk analysis of new and existing customers to facilitate secure sales while adhering to established policies. This role involves building relationships with internal and external customers, gathering information to assess creditworthiness, and mitigating risks associated with customer accounts. The analyst will work closely with the sales department and accounts receivable analysts to monitor orders, negotiate contract terms, and ensure compliance with credit policies.

Responsibilities

• Conduct risk analysis of new and existing customers.
• Build relationships with dealers to consult on financial improvements.
• Gather documentation to analyze customers' creditworthiness and present findings to the Credit Manager.
• Develop work out plans for high-risk customers.
• Report on high-risk accounts to the internal Sales department.
• Monitor orders for risk exposure and ensure compliance with risk tolerances.
• Negotiate contract terms to promote cash flow and mitigate risk.
• Collaborate with A/R Analysts on escalated payment issues to ensure timely payments.
• Ensure accounts are current and within credit limits, and develop plans to rectify issues if necessary.
• Work with customers to determine creditworthiness and acceptable credit terms.
• Maintain adherence to Credit Policy and Procedures.

Requirements

• Bachelor's Degree in Accounting or Finance required.
• 4 years of professional accounting/finance experience required.
• 1-2 years of experience conducting financial statement analysis required.
• Advanced Excel skills.
• Experience with an Order to Cash system.
• Excellent verbal and written communication skills.
• Ability to read and interpret payment terms for contracts and negotiate terms effectively.
• Knowledge of revenue recognition principles according to US GAAP.
• Basic understanding of business impacts from financial statements and reports.
• Thorough understanding of customer financial statements to assess credit risk.
• Knowledge of credit tools to mitigate credit risk.
• Ability to monitor exposure of multiple customer accounts and orders.
• Ability to communicate and influence credit risk and terms effectively.