Do it Best
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Credit Analyst
role at
Do it Best
About the Role Recommend and review credit review points for new and existing accounts; review established accounts to determine compliance with credit limits and payment terms; analyze financial statements, credit reports, security documents and Letters of Credit to maximize credit extension while managing True Value Company's risk; assist customers with claims and disputes.
Location: Fort Wayne, IN
Level: Salaried
Division / Department: Finance/Credit
Reports to: Credit Manager
Travel: Minimal
Responsibilities
Monitor and collect outstanding debt as directed on Active/Inactive past due accounts
Review and approve orders after verifying Customer payment status, financial position and True Value security position
Maintain existing portfolio of account files with current financial information, business credit reports, and personal credit bureau reports
Interface with sales reps, A/P department, order processing, warehouse and Customer Support on new and existing True Value stores
Initiate and follow up on Letters of Credit, collateral deposits, wire transfers, cash applications and reconciliation of funds.
Prepare, process, file and maintain security documentation where required (UCC-1, UCC-3, L/C's, Collateral Deposits, etc.)
Perform financial statement analysis of new and existing stores to determine financial strength, credit line, security requirements, and risk analysis; consulting with Regional Directors/Retail Consultants and Retail Finance Manager on analysis of operational challenges on new/existing Customers
Responsible for performing customer account reconciliation to include the identification of account statement items and communicating the status of open items to members, etc.
Process New Customer Packages, reviewing for accuracy and completeness
Contact accounts, vendors and freight forwarders as necessary to resolve disputed invoices
Education and Experience
Bachelor’s Degree or equivalent work experience.
1-3 years of experience, preferably in Finance.
Intermediate knowledge of MS Office (Word, Excel and PowerPoint).
Benefits available to you
Full insurance benefits package including Medical, Dental, & Vision
Paid time off to foster work/life balance
Profit sharing
Bonus Pay opportunities
Retirement funding opportunities
Education reimbursement
Health club reimbursement
Career advancement opportunities
About Do It Best Group Headquartered in Fort Wayne, IN, the Do it Best Group is the world's largest hardware, lumber, and building materials buying cooperative in the home improvement industry. With nearly $6 billion in annual sales, we support thousands of independently-owned locations across the United States and in more than 60 countries worldwide. Partners in the company have the flexibility to operate under the Do it Best, True Value, or their own local store identities, offering a diverse range of branding options to best serve their communities.
Our Philosophy: Serving others as we would like to be served
Our Mission: Making the best even better
Our Goal: Helping members grow and achieve their dreams
Please note that for this role, relocation assistance is not available. Candidates should be willing and able to work in Fort Wayne, IN without the need for relocation support. We encourage local candidates or those already planning to move to the area to apply.
Seniority level Entry level
Employment type Full-time
Job function Finance and Sales
Industries Wholesale
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Credit Analyst
role at
Do it Best
About the Role Recommend and review credit review points for new and existing accounts; review established accounts to determine compliance with credit limits and payment terms; analyze financial statements, credit reports, security documents and Letters of Credit to maximize credit extension while managing True Value Company's risk; assist customers with claims and disputes.
Location: Fort Wayne, IN
Level: Salaried
Division / Department: Finance/Credit
Reports to: Credit Manager
Travel: Minimal
Responsibilities
Monitor and collect outstanding debt as directed on Active/Inactive past due accounts
Review and approve orders after verifying Customer payment status, financial position and True Value security position
Maintain existing portfolio of account files with current financial information, business credit reports, and personal credit bureau reports
Interface with sales reps, A/P department, order processing, warehouse and Customer Support on new and existing True Value stores
Initiate and follow up on Letters of Credit, collateral deposits, wire transfers, cash applications and reconciliation of funds.
Prepare, process, file and maintain security documentation where required (UCC-1, UCC-3, L/C's, Collateral Deposits, etc.)
Perform financial statement analysis of new and existing stores to determine financial strength, credit line, security requirements, and risk analysis; consulting with Regional Directors/Retail Consultants and Retail Finance Manager on analysis of operational challenges on new/existing Customers
Responsible for performing customer account reconciliation to include the identification of account statement items and communicating the status of open items to members, etc.
Process New Customer Packages, reviewing for accuracy and completeness
Contact accounts, vendors and freight forwarders as necessary to resolve disputed invoices
Education and Experience
Bachelor’s Degree or equivalent work experience.
1-3 years of experience, preferably in Finance.
Intermediate knowledge of MS Office (Word, Excel and PowerPoint).
Benefits available to you
Full insurance benefits package including Medical, Dental, & Vision
Paid time off to foster work/life balance
Profit sharing
Bonus Pay opportunities
Retirement funding opportunities
Education reimbursement
Health club reimbursement
Career advancement opportunities
About Do It Best Group Headquartered in Fort Wayne, IN, the Do it Best Group is the world's largest hardware, lumber, and building materials buying cooperative in the home improvement industry. With nearly $6 billion in annual sales, we support thousands of independently-owned locations across the United States and in more than 60 countries worldwide. Partners in the company have the flexibility to operate under the Do it Best, True Value, or their own local store identities, offering a diverse range of branding options to best serve their communities.
Our Philosophy: Serving others as we would like to be served
Our Mission: Making the best even better
Our Goal: Helping members grow and achieve their dreams
Please note that for this role, relocation assistance is not available. Candidates should be willing and able to work in Fort Wayne, IN without the need for relocation support. We encourage local candidates or those already planning to move to the area to apply.
Seniority level Entry level
Employment type Full-time
Job function Finance and Sales
Industries Wholesale
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