Credit Analyst
Location: Minnetonka, Minnesota
Description: Cargill is looking of Credit Analyst right now, this career will be placed in Minnesota. For complete informations about this career opportunity please give attention to these descriptions. -
MIN04234
Cargill is a unique place to grow your career, your experience and your abilities.
Every day, we grow our reputation as a leading international producer of food, agricultural, financial and industrial products and services. We take pride in our global reach, ability to contribute, and strong work ethics and values.
Founded in 1865, Cargill is a privately held company and employs 139,000 people in 65 countries with annual revenues in excess of $119 billion. Through innovation, creativity and teamwork, we are transforming entire markets and
people’s lives worldwide, and we can have the same impact on your career. Discover how we can be Better Together at www.cargill.com.
Description
As a
Credit Analyst
you will provide services to both internal and external customers in order to increase Cargill’s market share, build customer alliance and achieve BU (business unit)/Functional goals without exceeding the enterprise’s tolerance for risk.
Manage credit risk and establish credit limits for an assigned customer portfolio, with outstanding receivables of $50 million for up to 2,000 active customers and $275-$300 million of credit extended.
Evaluate customer creditworthiness and approve credit limits up to $500,000 and make recommendations on credit limits in excess of authorized levels.
Assist Senior Credit Analysts in managing risk in their assigned portfolios by conducting financial reviews and presenting to management for approval.
Monitor, evaluate, analyze and communicate changes in credit risk for the assigned portfolio of accounts (including financial condition, credit limits and alerts) by using DnBi (Dun and Bradstreet), analysis of financial statements, payment history and other reporting tools.
Collaborate with the Senior Credit Analyst to provide information and data to the BU’s with respect to credit changes and exposure, including over limits, counterparty risk identification and analysis of macro-economic industry conditions.
Work closely with the Credit Coordinators, Senior Credit Analysts and AR Analysts to resolve special customer issues including recommendations on the design and implementation of collection / hold strategies when customer payments delays or risk profiles warrant further management.
Ensure audit compliance and data integrity by designing, running and managing data reports.
Support the Tartan SAP conversion process by establishing the integrity of customer accounts in operating systems.
Assist in the design of system and report changes to accommodate managing accounts in multiple operating systems.
Manage projects (both tasks and people resources) to cleanse data in operating systems.
Ability to be on call 24/7 on occasional basis, e.g. quarterly related to SAP and systems conversions / enhancements to validate data and verify operational success.
Mentor the Credit Coordinator position, providing guidance and direction for credit decisions being made for accounts with limits less than $100,000.
Utilize the Senior Credit Analysts as mentors to develop a strong credit background.
Be the catalyst for internal and external process improvements.
Principal Accountabilities
Decision Making and Credit Analysis - 30%
Actively manage customer portfolio risk on an enterprise level for over limits, past dues and deteriorating credits.
Has authority to approve limits up to $500,000, and conducts credit reviews on accounts assigned to Senior Credit Analysts and makes recommendations on these limits in excess of delegated authority.
Assist and collaborate with the Senior Credit Analysts by providing data and information to identify and affect appropriate hold status on selected accounts.
Problem Solving - 20%
Investigate and Identify root causes of credit problems and exposure issues, whether caused by internal systems issues or customer related credit problems; Implement solutions and risk management practices.
Data Management - 30%
Establish and maintain account hierarchies and the integrity of the data captured in the eCredit, SAP and TriplePoint.
Design reports and manage changes in account data within multiple systems.
Reporting - 10%
Run and manage various reports used to ensure compliance with audit requirements and internal controls including customer hierarchies, account in-activations and bad debt reserve reports.
Training - 5%
Mentor the Credit Coordinator position.
Assist in cross-training.
Miscellaneous job-related duties as assigned 5%
Qualifications
Required
Bachelor’s Degree in Business, Finance or Accounting
2+ years Business(Credit or Finance) experience
Understanding of Business Structures, corporate hierarchies, subsidiaries
Understanding of financial statement analysis and risk assessment
Successful interaction and negotiation with customers
Excellent oral and written communication skills
Strong interpersonal skills/ ability to communicate effectively and build effective work relationships
Proficiency in Microsoft Office applications (Word, Excel, PowerPoint)
Ability to work occasional on-call rotation schedule after normal business hours and/or weekends (e.g. quarterly)
Preferred
eCredit, SAP and TriplePoint knowledge
Knowledge of credit, collection, bankruptcy laws, UCC-1 rules, collection agencies and attorneys
Knowledge of Dun and Bradstreet and other credit monitoring tools
Cargill is an EEO/AA employer.
Job
Finance/Accounting
Primary Location
US-MN-Minnetonka
Schedule
Full-time
Job Type
Standard
Shift
Day Job
- .
If you were eligible to this career, please email us your resume, with salary requirements and a resume to Cargill.
Interested on this career, just click on the Apply button, you will be redirected to the official website
This career will be started on: Fri, 10 Aug 2012 01:10:30 GMT