Credit Coordinator

International Forest Products (IFP); Foxborough (MA); On-site; USD 50,000 - 80,000; Full time

Job summary

An established industry player is seeking a detail-oriented individual to join their finance team. This role involves assessing credit risks, monitoring ongoing credit limits, and collaborating with sales operations. The ideal candidate will have a Bachelor's degree in Accounting or Finance and 2 to 4 years of relevant experience. You'll be responsible for making timely decisions, preparing reports, and ensuring the financial integrity of client accounts. If you're looking for a challenging role in a supportive environment that values precision and communication, this opportunity is perfect for you.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• 2 to 4 years of relevant experience preferred.

Responsibilities

• Assess credit risks and approve or disapprove credit extensions.
• Collaborate with sales teams to discuss credit limits.

Skills

Credit Risk Assessment

Communication Skills

Detail Oriented

Organizational Skills

Ability to Meet Deadlines

Education

Bachelor's in Accounting

Bachelor's in Finance

Tools

Computer Applications

Job description

Job Details

Job Location: International Forest Products - Foxborough, MA

Position Type: Full Time

Education Level: Bachelor's

Salary Range: Undisclosed

Job Shift: First Shift

Job Category: Accounting/Finance

Description

SUMMARY:

This position is responsible for researching and examining credit risks, assessing credit history, and approving or disapproving extension of credit.

DUTIES AND RESPONSIBILITIES

1. Credit Risk Assessment
   1. Approve the release of sales orders based on credit parameters.
   2. Prepare timeline reports as needed.
   3. Monitor ongoing credit risk and update credit limits periodically.
   4. Evaluate credit histories and payment behavior of existing and potential clients.
   5. Set discretionary credit limits (DCL) in accordance with credit insurance policy.
   6. Prepare and review special buyer credit limit (SBCL) applications.
   7. Review financial statements, balance sheets, income statements, and other financial documents to assess the creditworthiness of (potential) clients.
   8. Analyze risks of pending orders in excess of credit limit and communicate potential uninsured exposure to senior management or decision makers.
2. Credit Reports and Analysis
   1. Provide regular updates to senior management regarding credit risk developments and portfolio performance.
3. Collaborations
   1. Collaborate with sales and operations teams to discuss credit limits, terms, and conditions for new and existing customers.
   2. Support AR Coordinator with the application of incoming payments (backup).
   3. Assist with year-end audit responsibilities.
   4. Special projects and assignments as business dictates.

SUPERVISORY RESPONSIBILITIES

• This position has no supervisory responsibilities.

SKILLS AND QUALIFICATIONS

• Bachelor's degree in Accounting or Finance
• 2 to 4 years of relevant experience
• Proficient in computer applications
• Effective oral and written communication skills
• Detail oriented
• Ability to meet all deadlines
• Must have attention to detail and focused concentration
• Must be able to learn new tasks and complete tasks independently
• Must be able to make timely decisions in the context of the workflow
• Must possess strong organizational skills, ability to multi-task and responsiveness

PHYSICAL DEMANDS

• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions

WORK ENVIRONMENT

• Normal office environment.

CERTIFICATES, LICENSES, REGISTRATIONS

• None required

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

This company is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.

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Qualifications