Financial Management Trainee

Grayba; Sterling Heights (MI); On-site; USD 33,000 - 44,000; Full time

Benefits offered by this job

Employee stock ownership plan

Medical, Dental, Vision

401(k) with company match

Paid Vacation & Sick Days

Paid Holidays

Educational Reimbursement

Job summary

Graybar is seeking a Financial Management Trainee in Sterling Heights, MI. The program develops expertise in credit management, collections, financial analysis, construction risk, and business operations.

Trainees work with branch leadership while gaining exposure to company policies and objectives. You will complete training, learn CFA and NCS models, assist with credit evaluations, and support collections and account administration.

Qualifications

• Bachelor's degree preferred in a finance/business-related field.
• Strong analytical, conceptual, and problem-solving abilities.
• Effective written and verbal communication skills.

Responsibilities

• Complete training on financial management best practices and apply learning to daily responsibilities.
• Obtain credit information, financial statements, and data to evaluate customer creditworthiness.
• Assist in customer credit evaluations and credit approvals as delegated.
• Support collection efforts through customer contact, correspondence, and payment follow-up.

Skills

Credit management

Collections

Financial analysis

Excel

Leadership potential

Education

Bachelor's degree in Finance, Economics, Business Administration, Management, or related field

Tools

Microsoft Excel

Job description

Make a difference.The Financial Management Trainee program is designed to prepare high-potential candidates for future Financial Management positions within the company. Through a combination of on-the-job training and formal learning opportunities, trainees will develop expertise in credit management, collections, financial analysis, construction risk management, and business operations.Participants will work closely with financial and branch leadership teams while gaining a comprehensive understanding of company policies, procedures, and objectives. Successful trainees will be considered for advancement opportunities upon completion of the training program.In this role you will:Complete training on financial management best practices and apply learning to daily responsibilities, including collections management, key performance metrics, and overall administration of the accounts receivable portfolio.Obtain credit information, financial statements, reports, and other relevant data to evaluate customer creditworthiness.Learn and apply the National Credit Standard (NCS) and Credit Financial Analysis (CFA) models to support sound credit decisions.Assist in customer credit evaluations and credit approvals as delegated.Assist with the review, maintenance, and administration of customer credit files and credit card programs.Support collection efforts through customer contact, correspondence, account reviews, and payment follow-up activities.Handle routine customer communications, including phone calls, emails, and written correspondence.Secure and review project-related information, including notices, contracts, lien rights documentation, bond information, and other credit protection tools.Develop an understanding of construction project risk management, contract review, lien rights, bond claims, and other financial risk mitigation practices.Assist with account analysis and interpretation of key business metrics.Develop professional communication, negotiation, and relationship management skills through interactions with customers, sales teams, suppliers, and company leadership.Partner with branch and regional leadership teams to gain an understanding of operational and financial decision-making.Cross-train with other departments to gain exposure to various business functions and develop a broad understanding of company operations.Become familiar with branch, district, and corporate organizational structures and management responsibilities.Participate in special projects and complete assignments within established deadlines.What you bring to the table:High School Diploma or GED required.Bachelor's degree in Finance, Economics, Business Administration, Management, or a related field preferred.Strong analytical, conceptual, and problem-solving abilities.Strong planning, organizational, and time management skills with the ability to prioritize and manage multiple responsibilities.Effective written and verbal communication skills.Ability to work effectively with customers, suppliers, vendors, and internal business partners.Demonstrated leadership potential through academic, professional, volunteer, or extracurricular activities.Ability to work independently while contributing effectively within a team environment.Valid Driver's License; some travel is required.Willingness to relocate for future career advancement opportunitiesInternship or professional experience in finance, banking, credit, construction, or business operations.Experience reviewing and analyzing financial statements or business data.Proficiency in Microsoft Excel, including formulas, pivot tables, lookups, and basic data analysis techniques.Knowledge of finance, commercial law, construction credit practices, or business administration.Interest in leadership development and long-term career growth within financial management.Shift and Hours: Monday - Friday, 8:00am - 5:00pm.Compensation Details: The expected starting rate of pay for this position is $28.00 per hour, depending on experience.The Value of Graybar:At Graybar, we are known for our comprehensive benefits and our employee stock ownership plan! Most regular, full-time employees at Graybar may be eligible for a variety of benefits like:Multiple plan options for Medical, Dental, Vision, and Prescription Drug benefits.Life Insurance coverage for you and options for your family.Save on expenses with Flexible Spending Accounts.Enjoy our Disability Benefits at no cost to you.Share in our success with Profit Sharing Plans.401(k) Savings Plan with company match to help secure your future.Paid Vacation & Sick Days to spend time away from work or in case of an illness.Rest and recharge during our Paid Holidays throughout the year.Take advantage of our Paid Wellness Day to focus on preventive care and prioritize your health.Volunteer with Community Time Off to give back to the community.Predictable Work Schedules to plan your life: no weekends or nights for most roles.Celebrate your and others' achievements with our Employee Recognition Program.Reach your career goals with our Educational Reimbursement and Career Development Programs.And More Perks that support your well-being and career growth.Benefit eligibility may vary across locations and roles, so be sure to check in with your recruiter for more information.Why should you join Graybar?At Graybar, our employees are the heart and soul of our company. We believe that employees with diverse perspectives bring the ideas and innovative thinking we need to solve our biggest challenges and compete in an ever-changing world. Consistent with our values, we welcome people from all backgrounds, cultures and experiences into our company because we believe it’s the right thing to do and the right way to run our business.We want each of our employees to know that they matter and to feel a sense of belonging, ownership and inclusion at Graybar. We believe that everyone should be treated with dignity and respect, and we work to build a collaborative environment where our employees have the opportunity to grow, learn and make a difference, both as individuals and as part of the team.That’s what our employee ownership culture is all about: working as one team and moving forward together, while honoring the unique value each person brings to our company.Apply now and find out what’s next for you.Equal Opportunity Employer/Vet/DisabledNot the right fit? Let us know you're interested in a future opportunity by clicking Introduce Yourself in the top-right corner of the page or create an account to set up email alerts as new job postings become available that meet your interest!