Credit and Collections Specialist Job

MedStar Health; Radnor (Delaware County); Hybrid; USD 50,000 - 70,000; Full time

Job summary

A leading healthcare provider seeks a Credit and Collections Specialist in Radnor, PA. The role involves managing account receivables, analyzing credit risk, and collaborating on credit assessments. Candidates should have relevant experience in finance or accounting, and knowledge of credit management tools. The position offers a hybrid work schedule.

Qualifications

• 5+ years of related job experience required.
• Analytical skills for financial statements a plus.
• Sound judgment in determining credit limits.

Responsibilities

• Analyze counterparty credit risk daily for compliance and reporting.
• Monitor the credit hold queue and follow up on collections.
• Maintain customer credit files and assess financial conditions.

Skills

Financial Analysis

Problem Solving

Effective Communication

Education

BS/BA in Finance or Accounting

8+ years of relevant experience (in lieu of degree)

Tools

SAP

High Radius

Job description

TheCredit and Collections Specialist position is located in our Radnor, PA office. This position will analyze counterparty credit risk daily for compliance and reporting and monitor the credit hold queue. Responsible for collections of outstanding accounts receivable dollars from existing client base and all other aspects of collections, resolving customer billing problems and reducing accounts receivable. Maintains the credit files and credit and collection system.

Essential Responsibilities

• • Review open accounts for collection efforts and follow up with customers as needed. (50%)
  • Monitor High Radius credit hold queue on an hourly basis for order release. (20%)
  • Assess customer financial condition and establish credit limits, maintain customer credit files. (10%)
  • Work with credit insurance company to secure coverage for customers. (10%)
  • Communicate credit issues with BUs as required and perform monthly review with BU personnel to review problem accounts. (10%)

Qualifications and Experience

• • BS/BA in Finance or Account with 5+ years of related job experience.
  • In lieu of degree, 8+ years of relevant experience.
  • Knowledge in using SAP, High Radius preferred.
  • Experience analyzing financial statements a plus.
  • Communicates effectively, both verbal and written.
  • Solve problems creatively and independently.
  • Exercises sound judgment when determining credit limits.

• • Hybrid schedule - minimum of 3 days in the office.

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