Senior Credit and Collections Analyst

$150,000 - $150,000/Yr

Advanced Drainage Systems - Hilliard, OH

Full-time - Mid Level

Hilliard, OH

Merchant Wholesalers, Nondurable Goods

About the position

At ADS, we are seeking a Senior Credit & Collections Analyst to join our dynamic finance team. This role is pivotal in managing the collection and analysis of Accounts Receivable, ensuring that our financial operations run smoothly and efficiently. The Senior Credit & Collections Analyst will be responsible for reviewing and approving customer credit lines, analyzing financial information, and reconciling customer accounts. This position requires a keen eye for detail and a proactive approach to managing customer relationships and financial transactions. The Senior Credit & Collections Analyst will receive completed customer requests from the Sales office and will be tasked with reviewing and approving appropriate credit lines and terms based on the information provided. This includes obtaining credit reports and financial information as necessary. The analyst will have the authority to assign credit limits on existing accounts up to $150,000, with any requests above this limit referred to the Corporate Credit Manager for authorization. Additionally, the analyst will be responsible for releasing orders on hold in accordance with credit policy guidelines. Regular review of the assigned customer base is essential to address past due balances on open accounts. The analyst will evaluate all past due items and work to collect or resolve these issues in a timely manner. Documentation of all follow-ups with customers or ADS associates is crucial, as is the recommendation of problematic accounts to the Corporate Credit Manager for potential outside collection action. The role also involves knowledge and use of secured transactions, such as personal guarantees and liens, as needed. Collaboration with other associates is key to ensuring that all assigned customers have updated credit applications on file and that credit limits are appropriately documented. The analyst will research disputed delinquent account balances and work with Accounts Receivable to correct any errors, including misapplied payments and deposit errors. Participation in periodic meetings with the Credit Manager and preparation of reports outlining collection progress will also be part of the role. The Senior Credit & Collections Analyst will drive the growth and profitability of the company by working closely with the Credit and Accounts Receivable business units through strategic business analysis, variance analysis, and internal management reporting. This position may also involve assisting with special projects and performing various ad hoc analyses as required.

Responsibilities

• Receive completed customer requests from Sales office, review and approve appropriate credit line/terms from information received.
• Obtain credit reports and financial information as needed.
• Assign credit limits on existing accounts up to $150,000, referring for authorization above to Corporate Credit Manager.
• Release orders on hold within credit policy guidelines.
• Review assigned customer base regularly to address past due balances on open accounts.
• Evaluate all past due items and collect/resolve in a timely manner.
• Document all follow up with customers or ADS associates on accounts (collection notes).
• Recommend problematic accounts to the Corporate Credit Manager for outside collection action.
• Prepare paperwork for third party collection assistance.
• Knowledge and use of secured transactions (P.G., U.C.C., lien, bond and related paperwork) as needed.
• Work with appropriate associates to ensure that all assigned customers have credit applications on file and updated credit limits.
• Research disputed delinquent account balances and work with A/R to correct any errors.
• Follow up on NSF checks and reconcile all transactions on accounts with customer A/P.
• Participate in periodic meetings with Credit Manager and prepare appropriate reports outlining collection progress.
• Drive the growth and profitability of the company through strategic business analysis, including variance analysis and internal management reporting.
• Assist with making sure that management reporting is completed on time.
• Assist in special projects as requested.
• Perform various ad hoc analysis as required.

Requirements

• A bachelor's degree in finance or accounting is preferred.
• Minimum of 3-5 years' experience in Credit and Collections.
• Strong accounting/bookkeeping background.
• Excellent verbal and written communication skills.
• Strong analytical thinking and creative problem-solving skills.
• Strong organizational skills & ability to meet deadlines in a fast-paced organization.
• Proficiency with Microsoft Office products required (Excel, PowerPoint, Outlook).
• Oracle experience is highly preferred.
• Strong spreadsheet capabilities.
• Ability to thrive in team-based settings.
• Knowledge of basic general accounting principles.