Senior Credit Analyst

Position Summary

Headquartered in Englewood Cliffs, N.J., Samsung Electronics America, Inc. (SEA), the U.S. Sales and Marketing subsidiary, is a leader in mobile technologies, consumer electronics, home appliances, enterprise solutions and networks systems. For more than four decades, Samsung has driven innovation, economic growth and workforce opportunity across the United States—investing over $100 billion and employing more than 20,000 people nationwide. By integrating our large portfolio of products, services and AI technology, we’re creating smarter, sustainable and more connected experiences that empower people to live better. SEA is a wholly owned subsidiary of Samsung Electronics Co., Ltd. To learn more, visit Samsung.com. For the latest news, visit news.samsung.com/us.

To protect the assets of the Company while also supporting the sales needs of the organization. The position’s primary functions include but are not limited to performing detailed reviews and risk analysis on an ascribed portion of Samsung’s portfolio of accounts in order to assess commercial credit risk as well as assign, maintain, or adjust credit limits. For accounts that do not qualify for an open line of credit, the role will require suggestions to the team leads with regard to the possibility of alternative hedging (Letter of Credit, Flooring, Factoring, PUT Contracts, etc.) or, with help of same, potentially seeking out new possible solutions for approval. The position holder will be responsible for continuous monitoring of their account portfolio insuring that credit limits are sufficient and alerting team leads as to financial downturns and suggesting credit actions or other risk mitigating solutions to team leads. The position will also be responsible for the initial risk analysis and set up of new accounts working with various external teams to ensure appropriate documents are collected and accurate. Additionally, the position will require reporting both assigned and ad-hoc that will be distributed within the group as well as to a broader audience. The position holder may also be asked to provide logistical support on the implementation and risk mitigation options/program(s) relating to all Accounts Receivables of the Company. The position holder may be asked to provide some mentoring to junior analysts. Required business travel is minimal <5%.

Role and Responsibilities

• Manage the commercial credit risk for an assigned portfolio of accounts applying Company’s credit practices and procedures (portfolio will typically contain low-moderate risk accounts that may have modest to elevated credit limits)
• Plans and schedules credit review and risk analysis for assigned portfolio of accounts
• Uses credit risk analysis skills and business acumen along with available risk assessment tools and third party data to analyze new account requests for open lines of credit as assigned; alerts team leads when encountering unique credit situations during this process
• Obtain all necessary information to properly risk assess including assigning a risk category from our Financial Health Indicator, perform robust financial review and submission through appropriate channels for activation of credit line and assignment of account number in SAP
• Reviews and analyzes assembled reports, scorecard data, financial statements and supplementary information such as bank and trade references as well as payment history data and assigns a risk category from our Financial Health Indicator to arrive at sound financial decisions intended to support sales while protecting Samsung’s assets
• Recommends individual credit lines or, for unqualified accounts, works with team leads to suggest the viability of other hedging options, or courses of action and again with notification to team leads facilitates the implementation of credit line or other approved solution for challenging risks
• Personally handles non routine credit inquires and correspondence as it relates to their portfolio alerting team leads to potential challenges based on those inquiries
• Consults team leads for advice on particularly complex problems and cases requiring interpretation of policy decision
• Monitors monthly lines of credit for customers in assigned portfolio of accounts to ensure that balances are within approved limits
• Offer Support, when requested, to the following: Service Division, Content & Services, Harmon, Dacor, Neurologica, etc. in all aspects of risk assessment of Accounts Receivable and also provide assistance with regard to credit processes and risk mitigation tools and services as well as hedging options. This could include reports from third party services or just general procedure and practices along with requests for standard templates or forms and overall credit opinions.
• Along with team leads or individually may be asked to represent the Company at creditors’ meetings trade shows bankruptcy proceedings or other related events
• Prepare and submit departmental reports from simple inter-department reports, to more complex companywide reports (may include but not limited to) Quarterly report, Monthly report, Watch list report, Z-Credit AR Forecast report, any ad-hoc reporting that may be required, etc.
• With the help of team leads may be asked to assist in mentoring new employees with regard to credit policy
• Will be required to be part of customer visits as needed to obtain financials or assess overall business operations and status of assigned accounts (team leads accompaniment not required)

Skills and Qualifications

• Maintain bad debt loss ratio not greater than Management Plan of Sales
• Timely and in-depth review and monitoring of all assigned accounts (all account with credit lines above $1M will be reviewed twice per year, accounts with limits below $1M will be reviewed once a year and distressed or high risk accounts will be reviewed quarterly or as needed)
• Timely preparation and submission of departmental reports (may include but not limited to) Quarterly report, Monthly report, Weekly report, Watch list report, Z-Credit AR Forecast report, etc.
• Maintaining appropriate credit lines and hedging limits within SAP Master Report and SCES (Samsung Credit Evaluation System) for all assigned accounts
• Timely and effective communication with sales or other stake holders on all accounts within portfolio

• Very strong Financial Analysis and risk assessment skills
• Solid understanding of insurance and various other hedging options
• Solid communication and negotiation skills
• Considers a wide range of alternatives prior to making a decision
• Takes initiative as problems & opportunities arise; seizing opportunities early
• Effectively handles emergencies & crisis’s with involvement of team leads
• Actively develops a climate of teamwork & cooperation when working with peers
• Ability to communicate with people at different organizational levels
• Follows up on tasks & assignments to ensure successful completion on assigned dates

EDUCATION AND/OR EXPERIENCE: 

• Bachelor’s degree with focus on accounting or finance, Master’s degree a plus
• Proficient in Windows, Excel, Word, PowerPoint
• Familiarity with SAP, familiarity with A/R insurance and familiarity with score carding.
• Understanding of Samsung’s business, industry and the market trends that impact our accounts.
• Strong analytical skills with the ability to evaluate and interpret complex financial information, the ability to effectively convey those findings and provide assessment both in written and verbal form.

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