To establish credit limits for all new customers and maintains limits on all active customers. Credit limit recommendations will be based on commercial credit agency ratings, credit references, financial statements, or other information obtained directly from the applicants.
Based upon established thresholds credit limits are reviewed annually. Credit evaluations will also be carried on upon event driven circumstances.
I.e. Customers on shipping hold experiencing cash flow issues, media communications informing on pending bankruptcies. The Credit Analysis Summary form needs to be used to establish and document the customer credit limit.
The position also requires release of orders failing the credit check within Oracle. Setting customers on shipping hold based on the feedback received from the Sr. collections personnel.
Functions include establishing and maintaining credit limits, monitoring collection of receivables and providing financial guidance for order management support.
The credit Analyst must review credit limits annually.
If the customer is on hold due to being over the credit limit and there are no past due balances, then the Credit Analyst will need to perform a credit review of the customer including obtaining updated credit and / or financial information.
If the account has any invoice disputed of either type of holds this will need to be taken into consideration in the analyst assessment.