Credit Analyst

Ace Hardware; Chicago (IL); Hybrid; USD 65,000 - 81,000; Full time

Benefits offered by this job

Incentives

401(k) matching

Health coverage

Job summary

Ace Hardware is seeking a Credit Analyst to perform advanced financial statement analysis, underwriting retailer loans, and manage a multi‑million-dollar portfolio. You will assess risk, set credit limits, and collaborate with Credit and Operations teams across the country.

The role offers in-office/remote flexibility with four days in the office and one day remote, plus a robust benefits package and opportunities for growth within Ace Hardware Corporation.

Qualifications

• Ability to read, interpret and analyze financial statements (balance sheets, income, cash flow).
• Manage a portfolio of accounts including setting credit limits and payment plans.
• Self-motivated, well organized with strong work ethic and ability to meet deadlines.
• Excellent verbal and written communication and negotiation skills.
• Proficient with SAP or equivalent ERP system and MS Office.

Responsibilities

• Analyze and decide new Member Applications within authority and territory.
• Underwrite Loan Applications within territory.
• Determine credit limits within authority.
• Disposition blocked retailer orders according to risk profile.
• Establish payment plans to resolve past due balances.

Skills

Financial analysis

Credit management

Communication

SAP

MS Office

Education

Bachelors in Finance/Economics/Accounting

Tools

SAP

Job description

WORK AUTHORIZATION: This position is not eligible for employment visa sponsorship now or in the future.

In Office/Remote Opportunity: We are located in Oak Brook, IL, however our work arrangement will be 4 days in the office, 1 day remote for the foreseeable future.

About This Role

The Credit Analyst functions include Advanced Financial Statement Analysis for; the preparation of Member Applications, to facilitate Order Release, Underwrite Retailer Loans, and to manage the Collection effort for a multi-million-dollar portfolio of retail store accounts. This critical Finance role is responsible for identifying and mitigating risk for their portfolio and to protect the Cooperative from financial losses. You will receive the support and collaboration of an extensive team of Credit and Operations professionals to help you achieve your goals. You will enjoy a flexible work schedule in a beautiful, state-of-the-art, newly remodeled facility on our sprawling, wooded campus.

What You’ll Do

• Analyze and decision new Member Applications within designated authority and territory
• Underwrite Loan Applications within designated territory
• Determine appropriate credit limits within designated authority and territory
• Disposition blocked retailer orders timely and in line the retailer's risk profile
• Establish payment plans to resolve retailer past due balances

Who You Are

You are a Finance or Accounting professional with exceptional attention to detail that excels in financial statement analysis and risk assessment. You have a strong work ethic with excellent communication skills and enjoy working cross functionally with colleagues and business owners across the country.

Required Skills

• Ability to to quickly read, interpret and analyze financial statements including balance sheets, income and cash flow statements, and proforma data to produce a professional written analysis.
• Manage a portfolio of accounts including setting credit limits, order release, and working with past due retailers to develop solutions and payment plans as needed.
• Self-motivated, with a strong work ethic, well organized and able to perform with limited supervision in order to work effectively within various deadlines and time constraints.
• Excellent verbal and non-verbal communication and negotiation skills.
• Proficient with SAP or equivalent ERP system, MS Office Suite, database queries and reporting.

Preferred Skills

• A four year business degree (preferably in Finance, Economics or Accounting)
• Familiarity with business and credit laws and prior experience working with legal contracts.

Compensation Details: $64700-81000 per year

Benefits & Perks

• Incentive opportunities, based on role/grade level (company growth over the past 5 years resulted in incentives being paid out at an average of 122% of your target opportunity!)
• Generous 401(k) retirement savings plan with a fully vested matching contribution the first year in addition to quarterly contributions and annual discretionary contribution (once eligibility requirements have been met).
• Over the past 5 years, company contributions (matching, quarterly & discretionary) for fully eligible employees have averaged 10% of total eligible compensation.
• Comprehensive health coverage (medical, dental, vision and disability – up to 26 weeks short-term disability and long-term disability) & life insurance benefits for you and your dependents.
• 21 days of vacation immediately available (prorated in the first year) and up to 6 paid holidays depending on the month of hire.
• Company Car, phone and fuel card are provided for field-based positions.
• Your career at Ace is more than just a job. It’s a chance to be part of something meaningful.
• We help locally‑owned businesses thrive and make an impact in their communities – and we support our employees in doing the same by offering an annual Ace Cares Week, 20 hours off work per year to volunteer at an organization of your choice, opportunities to help Children’s Miracle Network Hospitals and the Ace Helpful Fund through the Ace Foundation.
• Ace invests in every employee we hire, with a key focus on development and coaching.
• We offer on‑site classes, facilitator‑led courses, and a generous tuition assistance program, plus a performance management approach that goes beyond the typical annual review.
• We know the work environment matters. That’s why Ace holds frequent campus events like Employee Appreciation Week, vendor demos, cookouts, and merchandise sales.
• We bring them to you! Services such as mobile spas, auto maintenance, car wash and detailing, dry cleaning, dentists, eye doctors, flu shots, recycling and more!
• Employee discounts on Ace merchandise (including top brands like Weber, Traeger, Yeti, Craftsman, DeWalt and more), travel, fitness, computers and thousands more.
• Birth/Adoption bonding paid time off.
• Adoption cost reimbursement.
• Employee Assistance Program (EAP) – access to free visits to therapists and lawyers, guidance on financial matters, elder and childcare, and assistance with tickets to entertainment events.
• Identity theft protection.
• Benefits are provided in compliance with applicable policies.

We want to hear from you! When most people think of career opportunities with Ace Hardware, they often think of the helpful cashiers and sales associates at their local store. However, have you also considered the people behind the scenes who select, promote, ship and process the invoices for more than 75,000 products? Maybe you haven't, but we'd like you to. Because together we help our customers take care of their homes. Come find out why a career with the Ace Hardware Corporation is one of America's best kept secrets.

Equal Opportunity Employer Ace Hardware Corporation is committed to a policy of promoting equal employment opportunities. The company recognizes the importance of diversity and leveraging the skills and talents of all people to the mutual advantage of each individual and the organization. The company is committed to the prevention of employment discrimination related to race, religion, color, sex (including sexual harassment), gender identity, national origin, age, marital status, disability and military or veteran status, sexual orientation or any other action covered by federal or applicable state/local laws.

Disclaimer The pay range for this position starts as listed in the job posting, but could be higher based on education and experience. Please note, compensation decisions are dependent on the facts and circumstances of each opening. We take into consideration the minimum requirements outlined in the job description, such as an individual’s education, training and experience, the position’s work location, required travel (if any), and external market conditions when determining the final salary for potential new hires. Be aware that salary estimates published via alternate online job boards may not be a true representation of the actual pay range offered for this position. Please refer to the Ace position description for the accurate starting pay range information and feel free to discuss this with a Talent Acquisition professional if you are chosen to move forward with an interview.

This written “Position Description” is not intended to cover all aspects of the position listed. It is meant to cover the basic/general essential job functions of a particular position. Ace Hardware Corporation reserves the right to change job duties, including essential job functions, according to business necessity. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Ace Hardware is the largest retailer‑owned hardware cooperative in the world with over 5,800 locally owned and operated hardware stores in approximately 60 countries. Headquartered in Oak Brook, Ill., Ace and its subsidiaries operate an expansive network of distribution centers in the U.S. and have distribution capabilities in Ningbo, China; and Cuautitlán Izcalli, Mexico. Since 1924, Ace has become a part of local communities around the world and known as the place with the helpful hardware folks. For more information, visit acehardware.com or newsroom.acehardware.com.