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Credit Risk Monitoring Specialist

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Date: 17-Jul-2021

Location: Mississauga, ON, CA

Company: Purolator

Job description:

Analyze new and existing accounts to assess overall credit risk; monitor limits & assess payment terms in accordance with the credit policy and authorization level

Maintains a current knowledge of the customer’s corporate structure, processes, industry trends and remains current on contract terms and conditions. This includes a change in payment patterns and the ability to detect anomalies and reports on trends, KPIs, variances and corrective action.

Promptly requests payment (either verbally or in writing) from the customer for over and or nearing credit limit balances.   Decide appropriate late payment fees as applicable for non-payment situations.

Interprets reports as required to effectively decide on appropriate credit actions including customer account closure, reducing or increasing credit limits or account suspensions. Outline payment plans with customers in financial difficulties and escalating possible risk.

Immediately acts on bankruptcy notices, proposals or receivership to ensure no further financial exposure.


Provide regular reporting metrics to the collectors and management team including the CFO.  This is not limited to customers approaching their credit limits and may require actions to remedy the accounts

Completes regular monthly or daily reporting for all of the AR portfolio including adhoc KPIs and Stats as required.

Other duties as required

 

Experience:
Minimum 5 years’ experience in credit risk, collections principles, process, regulations and standards.  Ability to quickly analyze AR data in a multi business unit environment.

Advanced proficiency of Microsoft Office especially data analysis in Excel/ Access and SAP FI/CO is essential

Independent critical thinker with decision making ability to understand key, complex analytical reporting through credit bureau tools and trends to minimize risks

Customer focus, experience in influence skills and driving the right behaviour to align with contractual terms while maintaining positive customer experience and focus

Able to communicate effectively and professional (orally and in writing) to customers

Able to prepare and assess financial information and provide variance analysis


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