Credit Analyst

 

Job Title Credit Analyst

Job Function Credit Department

Report to Credit Manager

II. Job Role & Description

 

Hankook Tire is a tire manufacturer with North American Headquarters in Nashville, TN. They have 8 production facilities in Korea, 2 in China and one in USA, Hungary and Indonesia. Hankook’s Tire’s $1Billion investment in their Clarksville, TN plant will double annual production to 11 million tires of which 23 new sizes of its all-season Ventus V2 Concept2 line including 17” to 20” will be produced in Clarksville. This Exempt position for Credit Analyst will assist the Credit Manager in managing an operation extending credit to both wholesalers, retailers and fleet B2B customers.

 Some of the roles and responsibilities are:

- Daily credit hold releases and approvals based on company established guidelines – within credit line and not beyond terms.

- Managing their section of the A/R portfolio with respect to credit, collections, and customer interaction for the TBR, PCLT and Corporate accounts.

- Collection duties to include email, phone calls and customer visits

- Extension of credit lines based on company policy, review financial statements and input into Credit Management Suite (CMS).

· Credit extension criteria based on risk analysis and coverage by outside third party – Coface, Wells Fargo, and CIT. Coordinate credit granting activities with outside credit granting agencies to include factors, credit insurance, banks and government agencies.

-Monthly meetings with Sales Manager and DM’s regarding PCLT accounts to discuss status of account, past due balances and resolution of chargeback and deductions.

-Preparing, editing and refining Aging, Past Due, Credit Extension and other reports for Senior Management.

- Filling of UCC1 and Security Agreement as directed and Credit Manager(s).

- Travel up to 5% (where applicable)

 

III. Key Accountabilities

- Independent review of customer’s orders to release credit holds based on specific guidelines

(within the credit limit and not past due).

- Determination as to whether or not to release orders without immediate consultation with

management based on parameters outlined using his/her sole discretion.

- Responsible for credit hold releases and any over-the-line or past due balances as result of

releasing orders outside of given credit policies and procedures.

-  Processing of AVB, Haiss, CDTP, Pricing and other credits as deemed necessary to effecuate

the Order-to-Cash (OTC) processes.

-  Working in the Credit Management Suite (CMS) platform which was setup to analyze

customer’s financials including balance sheet, income statement and statement of cash flows.

-  Inputting and analyzing balance sheet, income statement, statement of cash flows along with

D&B and NACM reports into CMS.

-  In-depth credit analysis and reporting of all In-House credit lines based on updated financials,

sales trending and customer profitability.

-  Financial analysis based on liquidity, asset management, debt management and profitability.

Increase proficiency in reading/interpreting financial statements to determine credit lines and

customer trending.

-  Run and analyze NACM (National Association of Credit Manager’s) reports and other

manufacturers trade reporting.

-  Research & resolve customer payment discrepancies to include deductions for shortage,

returns, cash discount and other.

-  Work with D & B and other credit reporting agencies to determine customer viability and

potential.

-  Integrate sales forecasting and trending into customer credit line determination.

 

IV. Level of Accountabilities

- Individual contributor able to work without supervision. § Professional level position with impact to business based on decision making processes and procedures.

V. Core Competencies

- Must be computer literate, especially Microsoft EXCEL, WORD & POWER POINT

- Able to “host” and provide feedback for department and inter-departmental conferences and meetings.

-  Knowledge of SAP or large ERP platform a plus.

-  Detail oriented and self-starter.

-  Actively demonstrates a positive attitude willingness to work as a Team to accomplish department and

corporate goals.

-  Excellent verbal, written and customer service skills. Ability to handle difficult situations while

maintaining calm and purposefulness.

-  Thorough understanding of industry practices, organizational need and general business conditions

VI. Qualifications

- A bachelor's degree required preferable in Business Administration, Accounting or Finance.

- Minimum 4 years' experience in B2B credit and collections department.

-  Working knowledge of accounting and credit/collection in B2B setting.