Credit Analyst

Idi Insulation; Chanhassen (MN); Hybrid; USD 55,000 - 85,000; Full time

Benefits offered by this job

Health coverage

401(k) with company match

Paid time off

Life and disability insurance

Employee assistance program

Job summary

IDI is seeking a Credit Analyst to oversee credit, collections, and AR reconciliation for a defined customer portfolio. You will review credit applications, assess risk, and adjust credits as needed.

You will cultivate relationships to maximize cash flow, initiate timely collections, and develop payment plans, while ensuring compliance with laws and company policies. This is a hands-on finance role at IDI.

Qualifications

• Proficiency in understanding Credit Reports and Credit Scoring.
• Proficiency in Excel and MS Word.
• Excellent interpersonal, written, and verbal communication skills.
• Strong negotiating skills.
• Ability to work effectively with diverse groups of people.
• College degree in Business or related field and/or equivalent experience.
• 3+ years Credit experience or related experience in finance preferred.

Responsibilities

• Manage credit, collections, and AR reconciliation for a designated customer portfolio.
• Review credit applications and assess customer risk for the Credit Management Team.
• Release orders or re-establish creditworthiness as appropriate.
• Build relationships to maximize cash flow and initiate timely collections.
• Develop payment plans and resolve disputes to enable invoicing and collection.
• Ensure compliance with federal, state, local regulations and company policies.

Skills

Credit reports

Credit scoring

Excel

MS Word

Interpersonal skills

Negotiation

Education

College degree in Business

Equivalent experience

Tools

Microsoft Office

Job description

The Credit Analyst is responsible for managing all credit, collection, and accounts receivable reconciliation activities for a designated portfolio of customers.

Responsibilities/Duties:

• Credit Management:
  • Review incoming credit applications and provide recommendations to the Credit Management Team.
  • Periodically evaluate customer financial conditions, including credit scores, sales field information, and payment trends, to assess financial position and credit risk.
  • Review customer orders exceeding credit limits or past due triggers, taking appropriate action to release orders or re-establish creditworthiness.
  • Identify customers needing increased credit limits to support business growth, perform credit reviews, and provide recommendations to the Credit Management Team.
• Collections:
  • Build strong relationships with internal and external customers to maximize cash flow through efficient collections.
  • Initiate timely collection activities, including phone calls, emails, and other communications, to address account delinquencies proactively.
  • Work with past due customers and their sales representatives professionally, documenting discussions and agreements, and ensuring timely follow-up.
  • Conduct collection activities in compliance with federal, state, and local regulations, laws, statutes, and company policies.
  • Develop payment plans as needed.
  • Resolve issues related to disputed invoices with customers and the sales team to enable invoice collection or resolution of short-paid invoices.
• Other Duties:
  • Perform other duties as beneficial to IDI.
• Leads Self
  • Communicates Effectively & Candidly
  • Drives for Results
  • Demonstrates Accountability
  • Takes Initiative
  • Collaborates

Qualifications/Skills:

• Technical Skills:
  • Proficiency and experience in understanding Credit Reports and Credit Scoring
  • Proficiency in Microsoft Office software, including Excel and MS Word
• Communication Skills:
  • Excellent interpersonal, written, and verbal communication skills
  • Strong negotiating skills
• Interpersonal Skills:
  • Ability to work effectively with diverse groups of people

Education and/or Experience:

• College degree in Business or related field and/or equivalent experience
• 3+ years Credit experience or related experience in field of finance preferred

One of the core values at IDI is Family, and it shows in our benefits! From health coverage (medical, dental, vision) to a 401(k) with a company match, we take care of our team members. Enjoy paid time off for vacation and holidays, plus perks like life and disability insurance and an employee assistance program to support you when you need it most. We know that benefits are an important part of your compensation package, so we’ll share full details on eligibility and benefits during the hiring process.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.