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Credit Analyst (entry level position)

Company: Clipper Magazine
Location: Lancaster
Posted on: January 16, 2022

Job Description:

Company Description

Vericast is reimagining marketing solutions one business-to-human connection at a time. By influencing how over 120 million households eat, shop, buy, save and borrow, Vericast fuels commerce, drives economic growth and directly accelerates revenue potential for over 100,000 brands and businesses. While its award-winning portfolio of products, technology and solutions - including Illumis---, Household Connect---, Valassis Consumer Graph and Harland Clarke ChecksCXTM - are a piece of the Vericast story, its people are the true differentiators; trailblazers in data intelligence, marketing services, transaction solutions, campaign management and media delivery.

Job Description

The Credit Analyst position is an entry level position with a lot of potential growth. The Credit Analyst directly assesses and manages the credit risk within a diversified portfolio of existing and prospective accounts related to sales on credit to the Company's small business advertising customers. This role will be responsible to research and document credit risk, review credit limits, while balancing business needs of internal and external client satisfaction. They, will maintain a high-volume workload containing various products and deadlines that includes intricate accounts. They will work with Customers, Sales, Operations, and multiple Production teams in order to maximize sales and minimize write-offs for the company, in a time sensitive, deadline driven business. The Credit Analyst II will discuss problems and communicate effectively to varied audiences, including the ability to position and present negative news without impacting a relationship. This position requires a highly organized and analytical thinker who can quickly adapt to daily challenges and take on a variety of responsibilities within tight deadlines.

Key Duties/Responsibilities

  • Analyzes and determines the creditworthiness of new and existing customers. Vetting new customers to identify businesses that have credit restrictions due to company credit policy which will drive credit decisions. Approve and deny credit requests up to Leader-defined amounts. Evaluates customers orders on a daily basis, assigning credit limits and payment terms in cooperation with the businesses we support. Monitor, maintain and update the product designated worklists with approval or denial of products printing, based on credit and risk authority guidelines by mandated product deadlines. Review any Insertion Orders with any notes in regards to payment or credit lines/terms. Review submitted payments plans, to ensure client remains within assigned credit terms and limits. Negotiates payment requirements that protect Clippers interest and understands the impact of decisions. 25%
  • Communicate credit recommendations and requirements to sales and customers including payment deadlines for upcoming orders. Daily inter company communication with sales, management, production and operations regarding financial issues that could negatively affect upcoming orders. Manages customer communication and relationships, communicating credit decisions, changes in credit status, and the necessary financial requirements for any new or existing order. Handles customer contact requiring tact and courtesy in complex situations. Follow up with Sales and/or Customer on approved credit exceptions. Direct billing adjustments/inquiries to respective party. 25%
  • Gather and review supporting documents for credit requests such as web research, credit reports, and client history and submit for required approval. Analyze credit up to leader defined amounts to determine degree of risk involved in extending credit to current and prospective customers. Re-assesses credit limits on an ongoing basis. Document credit decisions, communication and activity on each customer account. Responsible to update any changes in credit status on customers account. Monthly review and reporting of customers violating analyst approved credit terms and lines of credit. Monitor and maintain weekly Unpaid OPP Report and follow up with customer or account executive for payment. 25%
  • Verifies receipt of payment and ensures that payments are applied properly on account. Schedules credit card and/or ACH payments according to instructions placed on Insertion Order or provided by customer. Identifies the need and submits the necessary documentation for any required refund requests on customer accounts. Notifies collections and upper management of any disputes or potential collection issues and works closely with the collections department to provide support in the attempt to collect outstanding balances. Handles customer inquiries and billing requests on account. Informs appropriate parties of any customers special handling requirements at time of billing to ensure prompt payment to company. 15%
  • Able to react to change productively and perform special assignments/projects required by management. Provide support and coverage for department during busy times or during vacations. May assist in post integration of acquisitions. Maintains base knowledge of all company products, specialty products and services. Responds to credit reference requests. 10
    • High school diploma or GED (Required)
    • Must be proficient in Microsoft Office including Excel, Outlook, PowerPoint and Teams
    • 1+ years Customer service experience in a Retail environment (Preferred)
    • 1+ years decision-making experience (Preferred)
    • Strong problem-solving skills with the ability to analyze information to make effective decisions that guard business integrity
    • Effective organizational skills with strong attention to detail
    • Excellent interpersonal skills with effective conflict resolution skills
    • Excellent communication and negotiation skills + ability to communicate in a calm and professional manner.
      Additional Information

      WHAT'S IN IT FOR YOU? Vericast offers a generous total rewards benefits package that includes medical, dental and vision coverage, 401K matching and . A wide variety of additional benefits like life insurance, employee assistance and pet insurance are also available, not to mention smart and friendly coworkers!

      At Vericast, we don't just accept differences - we celebrate them, we support them, and we thrive on them for the benefit of our employees, our clients and our community. Vericast considers applicants for all positions without regard to race, color, creed, religion, national origin or ancestry, sex, sexual orientation, gender identity, age, disability, genetic information, veteran status, or any other classifications protected by law. In addition, Vericast will provide reasonable accommodations for qualified individuals with disabilities by contacting us at: EEO is the law. To review your rights under Equal Employment Opportunity please visit:

Keywords: Clipper Magazine, Lancaster , Credit Analyst (entry level position), Professions , Lancaster, Pennsylvania

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