Credit Analyst

ACE Hardware; South Carolina; On-site; USD 65,000 - 81,000; Full time

Benefits offered by this job

Incentive opportunities

Generous 401(k) retirement savings

Comprehensive health coverage

21 days of vacation

Company Car, phone and fuel card

Job summary

Ace Hardware is seeking a Credit Analyst to perform advanced financial statement analysis and risk assessment for a multi-million-dollar portfolio of retail store accounts. The role involves underwriting retailer loans, setting credit limits, and managing collections, supported by a team of Credit and Operations professionals.

The position offers a collaborative environment with cross-functional collaboration across the country and a focus on protecting the cooperative from financial losses.

Qualifications

• Ability to read, interpret, and analyze financial statements to produce professional analyses.
• Manage a portfolio by setting credit limits and arranging payment plans for past-due retailers.
• Strong self-motivation, organized work ethic, and ability to meet deadlines.
• Excellent communication and negotiation skills.
• Proficiency in SAP or similar ERP and MS Office.

Responsibilities

• 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

Skills

Financial statement analysis

Credit portfolio management

Communication & negotiation

Self-motivation & organization

ERP systems proficiency (SAP)

Education

Bachelor's degree in Finance/Accounting

Tools

SAP

MS Office Suite

Database queries

Reporting tools

Job description

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

Why should you join our team?

We live our values - W.E.L.I.G.H.T (Winning, Excellence, Love, Integrity, Gratitude, Humility, and Teamwork). Gratitude. Humility. Love. You don’t often see values like these in most corporate statements, but Ace is different. These things are important to us. They represent our commitment to the company, our employees, to Ace retailers and to the Ace brand.

In addition to providing our employees a great culture, Ace also offers competitive benefits* that address life’s necessities and perks, many of which expand and improve year after year, including:

• 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.

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.