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Credit Analyst (Hybrid) (Janesville, WI)

Date: Aug 2, 2022

Location: JANESVILLE, WI, US, 53546-8729 Virtual Worker, IL, US, N/A

Company: Grainger Businesses

About Grainger:

Grainger is a leading broad line distributor with operations primarily in North America, Japan and the United Kingdom. We achieve our purpose, We Keep the World Working®, by serving more than 4.5 million customers with a wide range of products that keep their operations running and their people safe. Grainger also delivers services and solutions, such as technical support and inventory management, to save customers time and money.

We're looking for passionate people who can move our company forward. As one of the 100 Best Companies to Work For, we have a welcoming workplace where you can build a career for yourself while fulfilling our purpose to keep the world working. We embrace new ways of thinking and recognize everyone is an individual. Find your way with Grainger today.

Position Details:

Provide professional management and administration relating to all credit and credit related responsibilities matters including $80M of Accounts Receivable and $350M of open account sales. This involves investigation and research designed to help create credit goals, policies, plans and programs to ensure positive contributions to DSO, economic earnings and increased shareholder net worth. 

You Will:

Reporting to a Supervisor of Credit, the Credit Analyst will manage the extension and administration of credit to ensure compliance with company policy and legal statutes. The credit extension process may include the review and analysis of local bank and trade references, prior sales and payment history, sales recommendations, D&B and other credit reports, customer communication/visits, and financial statements.

  • Manage exposure and mitigate risk for $350M of open account sales.
  • Maintain authority to extend Credit Limits to a single customer up to $500K.
  • Minimize bad debt while not exceeding the corporate plan.
  • Perform Customer Hierarchy maintenance for medium to larger customers (including some complex customers).
  • Improve sales support and revenue growth: Support the Regional Credit Manager in engaging the Sales organization, internal partners and Customers as a financial resource.
  • Establish virtual relationships with the Sales organization, at all levels.
  • Deliver expert and excellent customer service
  • Oversee consistency and efficiency throughout the entire region; lead the local activities of the regional Credit team and support development of individual responsibilities and strengths. Guide, encourage, and instruct the move toward greater empowerment.
  • Ensure the goals of the regional credit team, nationwide credit team, and enterprise are met.

You Have:

  • An undergraduate degree in business or equivalent experience.
  • 3+ years of progressive business experience, with experience in finance, credit and/or collections.
  • Professional credit credentials must be achieved (NACM CBA, CBF, or equivalent certification), within a reasonable time frame.
  • An understanding of business principals including accounting, credit and collections, financial statement analysis, banking and finance, commercial law, marketing, statistics, economics, human behavior and computer science.
  • Knowledge of accounting (GAAP) and finance (FASB).
  • Premium value placed on ethics.
  • Worked with all levels of management, internal and external customers.
  • Memberships in professional organizations such as D&B, NACM and AMA.
  • Demonstrated ability to work in complex situations with professionalism and decorum.

Rewards and Benefits:

With benefits starting day one, Grainger is committed to your safety, health and wellbeing. Our programs provide choice and flexibility to meet our team members' individual needs. Check out some of the rewards available to you at Grainger

  • Medical, dental, vision, and life insurance plans
  • Paid time off (PTO) and 6 company holidays per year
  • Automatic 6% 401(k) company contribution each pay period
  • Employee discounts, parental leave, 3:1 match on donations and tuition reimbursement
  • A comprehensive set of emotional, financial, physical and social wellbeing programs

DEI Statement

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender, gender identity or expression, or veteran status. We are proud to be an equal opportunity workplace.