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Credit Analyst

Date: Oct 10, 2021

Location: Melville, NY, US

Company: MSC Industrial Supply

Build a better career with MSC. 
Serving customer and community starts with the very best people doing their very best work. That is precisely what we have at MSC Industrial Supply Co., a leading North American distributor of metalworking and maintenance, repair, and operations (MRO) products and services. Watch HERE to find out why you should work at MSC and join us as we continue to build a diverse and inclusive workplace. 

 

Due to MSC being a federal contractor all associates must be fully vaccinated to work at MSC or any of our entities.

 

Requisition ID : 7206 

Employment Type : Full Time         

Job Category : Accounting/Audit/Finance                                             

Work Location :  Melville, NY (CSC) - Remote 

State or Province : New York (US-NY)     

Potential Work Location : United States : New York : Melville 

 

Hours are 10:00AM to 7:00PM in order to manage the West coast portfolio.

DUTIES and RESPONSIBILITIES:

  • Responsible for Risk Analysis of major customers.  Trending and financial analysis of company financial reports.  Analyzes the credit worthiness of an account using tools such as Dun & Bradstreet, business financials, yahoo finance, bank references, and the Global Credit Service.
  • Reviews credit held orders for potential increases in credit limits based on the guidelines and level of authority established by management.
  • Calls accounts that are over their credit limit or past due to collect money and release pending orders.
  • Establishes credit limits for new and existing customers based on metrics.
  • Proactively reviews credit lines for assigned branches and assigned National Accounts.
  • Proactively reviews prospect accounts for National Accounts.
  • Completes financial reviews of vendors, both supply and expense, on a periodic basis.
  • Follows-up on a daily basis on all previously held credit orders.
  • Creates analytical reports on request by management to support credit line extensions.
  • Accesses information through a CRT and enters appropriate date and messages when required.
  • Assist with individual account management as needed (past due and order release)
  • Fosters the MSC Culture in the department and throughout the company to ensure unity of purpose and fulfillment of the MSC mission statement.
  • Prepare thorough financial analysis for accounts within the assigned portfolio
  • Ability to assess bank and related debt levels and determine the ability for a company to service the existing debt.
  • Provide recommendations for terms of sale related to financially distressed companies
  • Participates in special projects and performs additional duties as required.

 

INDICATES ESSENTIAL DUTIES

To perform this job successfully an associate must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of knowledge experience level and abilities required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.

 

EDUCATION and EXPERIENCE:

  • High school diploma or the equivalent is required.
  • Minimum of two years of college is preferred.
  • Minimum of three years of commercial credit/collection experience with two years as a Credit Analyst or above required.

 

SKILLS:

  • Working knowledge of Microsoft Office (Word, Excel, Outlook) required.
  • Dun & Bradstreet is desired but not required.
  • Strong verbal and written communication skills are required.

#MIQ

Why MSC  
People. Collaboration. Insight. That’s how you build something that works.

Built on a foundation of trust, MSC works side by side with our customers to help them drive business results. With more than one million product offerings and 75+ years of experience across industries, MSC strives to help our customers achieve greater productivity, profitability, and growth through inventory management and other innovative supply chain solutions. 

We care about our associates and have programs in place to help our 6,500+ team members achieve their potential. When you join our team, you will receive rewards and recognition for your contributions, training and professional development opportunities, as well as a variety of benefits to support you and your family's health, well-being, and financial future.

If you are inspired to learn, take risks, and succeed as a team, you can build a better career at MSC.

Equal Opportunity Statement 
At MSC, we are committed to providing an environment of mutual respect where equal employment opportunities are available to all qualified applicants and our associates without regard to race, color, religion, age, sex, national origin, disability, protected veteran status, sexual orientation, gender identity/expression or any category protected by applicable law.                    

                                                                  


Nearest Major Market: Long Island
Nearest Secondary Market: New York CIty