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Credit Analyst

Company: Danfoss
Location: Eden Prairie
Posted on: November 22, 2022

Job Description:

Credit Analyst

Requisition ID: 28628

Job Location(s):

Eden Prairie, MN, US

Job Description

The Credit Analyst is responsible for performing a financial review of new and existing customers and extending lines of credit. This involves establishing a credit limit by assessing the company's financials and other tools and initiating and reviewing the company's credit application. The Credit Analyst may extend lines of credit up established limit in delegation of authority (DOA) without additional approvals. Credit limits above (DOA) will require management review. The Credit Analyst works to minimize financial risk to the corporation, maximize Accounts Receivable collections, assist with order management, provide customer service, reconcile customer billings/statements, communicate credit department and company payment policies, participate in process improvement projects, help enhance team performance, and support other management directives as prescribed. The Credit Analyst must be able to identify root causes for unpaid invoices and work closely with customers, Sales Managers and other internal functions to reduce outstanding balances and secure payments in a timely manner. To be effective in this role one must possess skills in customer service, problem solving, analysis, and influence/persuasion. Also, the ability to make financial decisions and "size-up' customers from a financial risk standpoint as well as handle challenging or complex conversations with customers and other internal functions in a professional manner is necessary.

Job Responsibilities

Responsibilities of this position include, but are not limited to, the following.

  • Makes calls to collect on large volume accounts receivable accounts. The analyst will determine why invoices are unpaid and follow up with customers to negotiate a plan for timely payment.
  • Assesses credit risk, grant credit lines, analyze financial statements, and recommend payment terms and conditions when warranted.
  • Provides financial order management support to control credit exposure, timely payment, and minimize risk.
  • Provide support to Deduction Analysts and assist in the resolution and clearance of customer deductions from the accounts receivable.
  • Protects organization by adhering to U.S. Rules and Regulations, International Country Regulations, and customer security agreements.
  • Provides customer service and develops relationships with internal/external customer.
    Background & Skills

    The ideal candidate possesses these skills.

    • Required (basic) qualifications
    • Bachelor's Degree from an accredited institute
    • Legally authorized to work in the United States without company sponsorship
    • Must reside within 50 miles of Eden Prairie, MN
      Preferred Qualifications:

      • Bachelor's Degree from an accredited institute in Accounting, Economics, Finance or Business
      • Minimum of 2-3 years of previous credit and collection experience
        Danfoss - Engineering Tomorrow

        At Danfoss, we are engineering solutions that allow the world to use resources in smarter ways - driving the sustainable transformation of tomorrow. No transformation has ever been started without a group of passionate, dedicated and empowered people. We believe that innovation and great results are driven by the right mix of people with diverse backgrounds, personalities, skills, and perspectives, reflecting the world in which we do business. To make sure the mix of people works, we strive to create an inclusive work environment where people of all backgrounds are treated equally, respected, and valued for who they are. It is a strong priority within Danfoss to improve the health, working environment and safety of our employees.

        Following our founder's mindset "action speaks louder than words", we set ourselves ambitious targets to protect the environment by embarking on a plan to become CO2 neutral latest by 2030.

        Danfoss is an EO employer and VEVRAA Federal Contractor. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or other protected category.

        Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

        Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

        Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 40,000 people, serving customers in more than 100 countries through a global footprint of 95 factories.

        Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

        Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

        Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 40,000 people, serving customers in more than 100 countries through a global footprint of 95 factories.

        Nearest Major Market: Minneapolis

Keywords: Danfoss, Eden Prairie , Credit Analyst, Professions , Eden Prairie, Minnesota

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