Credit and Collections Analyst Job Description

by Publishing Team on August 27, 2010

Credit and Collections Analyst, also recognized as bill collectors are accountable for compelling delinquent debtors to reimburse their past due bills.

The Credit and Collections Analyst gives a baseline appraisal on a customer’s pecuniary state and authorizes or refuses customer payment extension. A Credit and Collections Analyst is in charge of lowering dire arrears threat, growing the collections for all receivables. The Credit and Collections Analyst reconciles client declaration and billing statistics and communes with all affiliates of the credit department.

The Credit and Collections Analyst must be able to do the following task in their job function:

  • The Credit and Collections Analyst is responsible assessing the credit risk and viability of a potential and existing client as well as establishes their current credit limit. You will analyze customer financial statements pertaining to a credit line application and provide financial guidance for order management support with supply chains and marketing units to control credit use while minimizing dispute and upholding effective payment.
  • The Credit and Collections Analyst works with a collections element, coordinating collections calls and organizes customer visits to obtain accounts receivable and bargain disputes to resolve and document the origin of unpaid statements.

Skills that Credit and Collections Analyst should posses:

  • If default is due to economic difficulties, Credit and Collections Analyst create a new payment timetable with debtors. From time to time they propose to creditors that the case be transitioned to legal counsel. Credit and Collections Analyst may also execute other responsibilities such as supervising reclamation of commodities that was unsettled.
  • Credit and Collections Analysts may primarily try to get in touch with debtors by phone to speak to them about their motive for nonpayment. They may have to map out debtors who have moved by inspection of forwarding addresses, probing phone directories, and meeting previous neighbors.

Work Related Expectations:

  • A Credit and Collections Analyst is taught on employment by functioning under the regulation of experienced workers. Most companies require analysts to be high school graduates. Ideal education in the fields of psychology, business mathematics, speech, and foreign languages are recommended for the position.

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