Credit Analyst

WHO WE ARE:

PANTONE provides a universal language of color that enables color-critical decisions through every stage of the workflow for brands and manufacturers.

WITHIN YOUR TEAM

The Credit Analyst will perform credit and collection activities for NA accounts in accordance with the established policies, practices and procedures of Xrite/Pantone. They Analyst will administer the prompt conversion of receivables into cash, while maintaining minimum past due receivables and bad debt write-offs. This is a hybrid role with 2 days in the Carlstadt, NJ office per week and 3 days remote.

WITHIN YOUR ROLE, YOU WILL:

Credit Assessment

• Analyze requests for credit to determine what information and security will be required to arrive at a sound decision
• Obtain and review data on present and prospective customers including trade references, credit agency files and financial statements
• Based on data review, establish credit lines for individual accounts
• Prepare analysis for Credit Manager review and approval
• Handle non-routine credit inquiries and correspondence
• Implement Credit Policy and Compliance

Collection of Past-Due Receivables

• Issue weekly reminders
• Review Aging, effectively Implement Credit Policy and Procedures
• Prepare accounts for litigation
• Prepare and review overdue accounts with manager
• Manage Credit Limits – Undertake a credit analysis review
• Take appropriate action on collection irregularities including payment discrepancies, unearned discounts, and pricing errors
• With the assistance of direct supervisors, handle non-routine credit inquiries and correspondence

Risk Management

• Identify high risk regions, provide recommendations to support credit decision
• Determine Payment Condition for Letter of Credit
• CAD
• Bank Guarantee
• In-House Litigation
• Management Accounts Analysis

Account Reconciliation

• Provide allocation details
• Reconcile Accounts
• Reconcile un-allocated Cash
• Refund – Reconciliation

Order Management

• Order review
• Credit Review
• Account Analysis
• Overdue notification
• Orders on hold, proactively manage to resolve overdue issues
• Excellent communication skills with Sales and Customers

Bad Debt

• Prepare Bad Debt Provision
• Research and validate proposed bad debt write off
• Maintain small balance write off
• Review High Balance Accounts
• Identify Disputed Invoices –Potential Risk
• Early warning risk

Internal Controls

• Monitor and maintain approved accounting policies, procedures and internal controls in accordance with X-Rite Incorporated’s Sarbanes-Oxley requirements
• Maintain Cforia customer records and notes
• Maintain Electronic Invoicing Program
• Update and maintain bank details and notifications
• Maintain credit reports

WE ARE LOOKING FOR A PROFESSIONAL WHO HAS:

• University degree in finance and/or accounting required or relevant experience. Professional certifications related to credit management are a preferred plus.
• Strong Finance Credit experience, Business Acumen, Regulations
• Strong skills with computers including spreadsheet and accounting applications. Experience with Microsoft Office; Oracle; Cforia software applications desirable.
• Ability to manage multiple tasks while periodically performing special assignments relating to short term and long-range profit improvement objectives or other projects as needed.
• Excellent communication skills required to work successfully with members of the Pantone team at all levels.
• Ability to plan, organize, schedule and complete work to meet deadlines in an environment where interruptions occur frequently.
• Ability to maintain compliant under Pressure, good attention to detail, ability to consider alternatives, has sound judgment and confident delivery.

YOUR EDUCATION AND BACKGROUND EXPERIENCE WILL INCLUDE:

• Three-plus years of related work experience
• BA degree in Business/Finance or related field. Advanced degree a plus.
• Experience in Microsoft Excel and PowerBI/similar reporting tool
• Working experience with Oracle/ HFM Hyperion would be a plus

OUR BENEFITS:

• Eligible for benefits (medical, dental, vison & more) on day 1, no waiting period!
• Training and development opportunities
• Permissive PTO policy emphasizing flexibility and trust
• 401K savings plan company match
• Tuition reimbursement
• Attractive employee referral program
• Paid Parental Leave
• Veralto Wellbeing Program, with rewards
• Employee Assistance Program (legal, financial, and counselling resource)

The salary range is $60,000-$65,000. This is the range that we in good faith believe is the range of possible compensation for this role at the time of this posting. We may ultimately pay more or less than the posted range. This range may be modified in the future.

This job is also eligible for bonus/incentive pay.

We offer comprehensive package of benefits including paid time off, medical/dental/vision insurance and 401(k) to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Job Type: Full-time

Pay: $60,000.00 - $65,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Parental leave
• Professional development assistance
• Referral program
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: In person

Salary : $60,000 - $65,000