Credit & Collections Specialist
Company: Dairy Farmers of America
Location: Fort Worth
Posted on: April 19, 2024
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Job Description:
Perform credit and/or collection tasks according to company
policy and procedures that primarily include collecting delinquent
account balances, resolving disputes and/or discrepancies,
processing credit applications, and working with various
departments to resolve customer payment issues. Contact existing
customers to complete credit applications. This includes ensuring
contact information is accurate, completing reference requests, and
reporting. Handle multiple files at one time. Work with key
customers and cross-functional teams to understand and resolve
issues independently, even those with moderate difficulty level;
refer more complex issues to higher-level staff.--Job Duties and
ResponsibilitiesCompile and maintain credit informationContact
existing customers via fax, email, or phone in order to have them
complete a credit application as part of routine re-evaluation of
existing accounts. Confirm the accounts payable contact
informationPerform general organizing, maintaining, filing, and
scanning of various documentsSend out reference request forms to
both bank and trade customers listed on the credit application once
the credit application is receivedRun ad-hoc and regular reports
(e.g., customer credit reports)Gather all required documentation
(i.e., the credit application, bank reference, trade references,
credit reports, and/or financial statements) and transition the
customer to another member of the credit team so that credit limit
decisions can be madeDevelop awareness of the customer's business
and financial standing to support the credit review processReview
and analyze historical data to spot trends and problem areas that
can be communicated to appropriate individuals that will aid
efforts to improve business processes and contract
negotiationsIdentify accounts that have become delinquent and,
depending upon multiple factors (tenure of the account, the number
of past due invoices, the total dollar amount owed and/or the past
payment history of the customer, etc.) and contact customers with
past-due accountsRecover delinquent accounts; evaluate and adjust
delinquent accountsAssist customers with terms to secure payments
for the past due amount or establish an alternative payment
planDocument activity within our collection software, and
subsequently, follow up to ensure the customer followed through on
their payment commitment; bring to the attention of the supervisor
accounts that did not follow through as promisedRecommend accounts
for charge-offResolve routine to moderately difficult customer
service and routing problems with minimal supervision; perform root
cause analysis and escalationMay perform and assume responsibility
for some cash application (applying payments against open
invoices)The requirements herein are intended to describe the
general nature and level of work performed by employee, but is not
a complete list of responsibilities, duties, and skills
required.--Other duties may be assigned as required
Keywords: Dairy Farmers of America, Irving , Credit & Collections Specialist, Accounting, Auditing , Fort Worth, Texas
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