Credit Specialist

SUMMARY: The Credit Analyst is responsible for gathering and reviewing financial data about loan applicants, including payment historical data, earnings and savings, and patterns. This role will provide guidance on credit risk analysis, procedures, loan financing, and background research on potential customers.

DUTIES & RESPONSIBILITIES:

Responsibilities include, but are not limited to:

• Be accountable for the entire credit granting and analysis process, including the consistent application of Company's policy and the assessment of the credit worthiness of potential customers, with the goal of collecting all receivables and minimizing bad debt losses.
• Measure credit and collections performance with appropriate metrics.
• Establish terms and credit limits for all customers.
• Manage customer credit files and monitor the credit granting and updating process and periodic credit reviews. Monitor credit balances and customer payment performance and establish credit holds on customers as appropriate.
• Work with Company's legal team to process Demand Letters for delinquent accounts and refer accounts to collections agencies as needed. Identify and propose accounts for bad debt write off as needed and maintain records of bankruptcy notices and filing of customers.
• Manage relations with credit reporting and collection agencies and sales staff.
• Conduct credit reviews on customers to lower, maintain, or raise credit limit in accordance with established company policies and terms in a timely manner.
• Develop process improvements and interfacing efficiencies with cash management, business units' billings depts., sales depts., and senior management regarding A/R collections and credit risk exposure.
• Supports Corporate Treasury Team in ensuring Company's compliance requirements. Responsible for providing external audit requests for all credit management documentation.
• Other duties as assigned.

MINIMUM REQUIREMENTS:

• Associate Degree
• 3+ year of relevant work experience or
  
  
  
  • an additional 2-year specific work experience in lieu of degree.
  
  
  
  
• Experience in assessing a business's financial performance and key risk indicators, managing credit lines, identifying credit solutions
• Must have strong interpersonal and communication, problem solving, and analytical skills
• Must have strong persuasion and negotiation skills
• Ability to work independently and to adapt to a fast-changing environment
• Attention to detail and deadline driven
• ERP Experience

PREFERRED REQUIREMENTS:

• Bachelor's degree in Business, Accounting or equivalent experience
• 5+ years of product management work experience
• Aviation industry experience is a plus
• Quantum Control ERP System experience is a plus
• Analytical skills to read, analyze, and interpret general financial data, business periodicals, professional journals, technical procedures, technical manuals, or governmental regulations to write reports and business correspondence to effectively present information and respond to questions one-on-one and in group settings with various levels of management, colleagues, and other functional areas
• Project Management skills to manage and shift priorities, multi-task and operate successfully in a dynamic environment recognizing strategic opportunities for change and influence decision makers
• Excellent communication skills to relay identified issues & facilitate constructive conflict resolution, especially across VSE's organizational boundaries, and willingness to work with a strong sense of urgency

OTHER:

• The selected applicant will be subject to a background check and drug testing