Credit Analyst

1 day ago

Mississauga, Canada OSL Retail Services Full time

It’s an exciting time to be at OSL Retail Services, working for a people focused company that’s at the top of its game. The momentum we’ve generated in recent years with our commitments to client customers, innovation, business results, and an entrepreneurial spirit has created energy, enthusiasm, and engagement among our employees that is pushing us to new heights. And we’re on the lookout for talented people who share our vision and values and want to join us in this journey.


The Company:

OSL was established in 2012 in Mississauga, Ontario, to provide clients with customized designed sales solutions in retail, direct sales, merchandising and customer acquisition. Our culture is our foundation. Passionate employees, great customer service and long-term relationships are all built upon that foundation.


The Position:

We are currently seeking a Junior Credit and Underwriting Analyst . The analyst is responsible for the collection of accounts receivable for a portfolio of customers. Strive to minimize Days Sales Outstanding, bad debt write-offs and maximize cash receipts while being sensitive to the needs and requirements of internal and external customers.


The incumbent will oversee the assessment of customers’ credit worthiness, credit lines management and maintain credit line exposure. Assist with the upload of customers yearly financial results with primary focus on year over year results comparison. Monitoring customer’s payment activities and financial statement results in minimizing financial risks, bad debt exposure and protect company assets while facilitating the growth of the business.



What you’re responsible for:


Underwriting Tasks:

  • Monitor customer compliance with company credit terms and approved lines of credit
  • Review existing customer payment performance to determine the degree of risk exposure and current credit trends
  • Review and update existing credit lines annually or as needed and gather financial information from internal/external sources (payment records, DNB, suppliers reference, quarterly financial disclosure) to determine customer’s credit worthiness
  • Request customer’s updated financial statement when applicable and assist in entering customer’s financial information (Balance Sheet, Income Statement and Cash Flow, litigations, Shareholders) for the customers both quarterly and annually
  • Interpreting Customer Financial Statements with ability to analyze ratios and comparing year-over-year results
  • Monitor daily updates/downgrades of customer’s rating and make necessary actions to remedy the negative outputs.
  • Communicating with credit management and sales team detected areas of customer’s weakness or strength to control credit risk and minimize companies’ bad debt exposure
  • Recommend Credit lines and Checking rules changes with necessary backup
  • Validate orders Held in Credit for releases or continue holding and communicate status to credit management and sales representative
  • Assist the Manager or Senior team members with any special customs project as required
  • Downloading invoice data from system
  • Processing of invoices and any other ad hoc invoice received
  • Record retention filing system and maintenance of documents



Collections Tasks:

  • Manage the collection and reconciliation of a set portfolio and meeting companies and credit department assigned KPI’s including assigned DSO, % of overdue AR
  • Review with legal counsel, Sales Managers and Credit management all negotiated contracts for information pertinent to account set up, payment terms, sales programs method of payout and collections
  • Prepare cash forecasting, collect accounts receivable for assigned region and submit statements to customers which impact cash management
  • Call on accounts with past due balances and solicit help from Credit Manager and Sales force if required on delinquent or disputed items
  • Negotiate deposits or accelerated additional payment when needed to meet sales requirements
  • Audit daily cash receipts to the aged trial balance to maintain accuracy of customer accounts
  • Audit deductions and payment shortages
  • Investigate un-allowed deductions and follow up on paybacks
  • Validate customers’ request for pricing credits and gather necessary documentation for sales management approval/decline and process owed credits
  • Coordinate with other departments to ensure customers’ credit memo requests are reviewed for processing or decline
  • Ensure final decision is communicated properly to the customers to minimize deductions on AR
  • Maintain accurate and complete records of collection activities and link all correspondence to pending line items
  • Support the dispute resolution process as required including gathering of relevant dispute information and collecting all rejected claims which are assigned for paybacks by customer
  • Validate Major Accounts Post Audit claims requests in a timely manner and proceeds with credit issuance or communicates to customers the reason for decline with supportive documentation before the expiring date of rejection
  • Responsible for the completion of reporting for abnormal AR clearing report, freight, handling charges, non-compliance, taxes



Knowledge:

  • Knowledge with financial analysis, credit risk and accounting principles
  • Knowledge of credit risk and assessing credit bureaus reports
  • Strong interpersonal skills, able to interact with irate customers and keep the highest level of customer service skills
  • Excellent written and oral communication with strong negotiation skills
  • Must be capable of planning, organizing and prioritizing multiple and simultaneous tasks
  • Proficiency in MS word, Excel, Outlook, and SAP



To join our team:

  • Bachelor’s degree in business administration
  • Understanding of basic accounting principles
  • Ability to interpret credit bureau reports
  • Proficiency in MS word, Excel, Outlook, and SAP/ERP is an asset
  • Strong customer service, negotiation problem solving and analytical skills
  • Detailed understanding of the Collection process from sale through to billing and financial reporting



What we offer:

  • A competitive base salary of $68-73K plus bonus
  • Vacation plus additional flex days
  • Comprehensive benefits
  • Training and development opportunities to grow your career with one of Canada’s Best Managed Companies
  • A supportive workplace culture and work environment



If this sounds like you and you’re excited to be a member of our team, please apply now.


We thank all interested applicants; however, only qualified candidates will be contacted. This position requires the successful completion of a criminal background check.


Disclaimer: The preceding job description has been designed to indicate the general nature and level of work performed by employees within this job. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.


OSL is committed to an inclusive workplace that does not discriminate against race, nationality, religion, age, marital status, physical or mental disability, sexual orientation, gender, or gender identity. We believe in diversity and encourage any qualified individual to apply.

  • Credit Analyst

    5 months ago

    Mississauga, Canada Del Industrial Metals Full time

    **Job description** **Credit Analyst** **Company Overview**: Join a pioneering Steel manufacturing and distribution firm that cherishes innovation, cooperation, and dedication. In the role of Credit Analyst, you will play a central part in managing client credit assessments, ensuring our financial stability, and fostering business growth. **Key...

  • Credit Analyst

    5 months ago

    Mississauga, Canada Maple Leaf Foods Full time

    **The Opportunity**: Reporting to the Senior Credit Analyst Finance, this position is responsible for assessing customer’s credit worthiness by performing detailed credit analysis. The Credit Analyst will use sound judgement and their analytical ability to make credit decisions that will minimize credit exposure/risk to the Company and at the same time,...

  • Credit Analyst

    5 months ago

    Mississauga, Canada Target Truck Sales & Leasing Full time

    Responsibilities: - Analyze credit data and financial statements to determine the creditworthiness of potential customers - Monitor and assess customer credit risk on an ongoing basis - Prepare reports and summaries of credit analysis findings - Collaborate with sales teams to ensure credit terms are aligned with company policies - Review and update credit...

  • Credit Analyst

    5 months ago

    Mississauga, Canada Target Truck Sales & Leasing Full time

    Responsibilities: - Analyze credit data and financial statements to determine the creditworthiness of potential customers - Monitor and assess customer credit risk on an ongoing basis - Prepare reports and summaries of credit analysis findings - Collaborate with sales teams to ensure credit terms are aligned with company policies - Review and update credit...

  • Credit Portfolio Analyst

    1 week ago

    Mississauga, Ontario, Canada Lantern Capital Full time

    Lantern Capital seeks a Credit Portfolio Analyst to assist clients in achieving their financial objectives. The ideal candidate will have a college degree and 1-2 years of experience in credit and loan services.Key ResponsibilitiesPropose solutions to address financial objectives such as business expansion and debt managementComplete credit and loan...

  • Credit Risk Analyst

    4 weeks ago

    Mississauga, Ontario, Canada H & B Financial Group Ltd. Full time

    Job SummaryWe are seeking a skilled Credit Risk Analyst to join our team at H & B Financial Group Ltd. The successful candidate will be responsible for approving or rejecting loan applications, completing credit and loan documentation, and promoting the sale of credit and loan services.Key ResponsibilitiesApprove or reject loan applications based on...

  • Credit Analyst

    2 days ago

    Mississauga, Canada OSL Retail Services Full time

    It’s an exciting time to be at OSL Retail Services, working for a people focused company that’s at the top of its game. The momentum we’ve generated in recent years with our commitments to client customers, innovation, business results, and an entrepreneurial spirit has created energy, enthusiasm, and engagement among our employees that is pushing us...

  • Credit Analyst

    2 days ago

    Mississauga, Canada OSL Retail Services Full time

    It’s an exciting time to be at OSL Retail Services, working for a people focused company that’s at the top of its game. The momentum we’ve generated in recent years with our commitments to client customers, innovation, business results, and an entrepreneurial spirit has created energy, enthusiasm, and engagement among our employees that is pushing us...

  • Credit Analyst

    7 months ago

    Mississauga, Canada CanCap Management Inc. Full time

    AutoCapital Canada Inc. is part of privately-owned Canadian national financial services company with multiple verticals across automotive, consumer, and merchant lending portfolios. We manage the entire lifecycle of the finance receivable from credit adjudication through to contract administration, customer service, default management and post charge-off...

  • Credit Analyst

    5 months ago

    Mississauga, Canada CanCap Management Inc. Full time

    AutoCapital Canada Inc. is part of privately-owned Canadian national financial services company with multiple verticals across automotive, consumer, and merchant lending portfolios. We manage the entire lifecycle of the finance receivable from credit adjudication through to contract administration, customer service, default management and post charge-off...

  • Credit Risk Analyst

    5 months ago

    Mississauga, Canada Questrade Financial Group Full time

    Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure. We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about...

  • Bank Credit Analyst

    1 month ago

    Mississauga, Canada Robert Half Full time

    Bank Credit Analyst 7-month Contract Opportunity located in Toronto, OntarioWe are offering a long-term contract employment opportunity for a Bank Credit Analyst in Toronto, Ontario. This role will be centered in the finance industry, where you will be responsible for a variety of tasks ranging from processing customer applications to maintaining accurate...

  • Credit Analyst

    5 months ago

    Mississauga, Canada Russel Metals Full time

    Listed on the Toronto Stock Exchange, Russel Metals is one of the largest metals distribution and processing companies in North America servicing customers primarily in Canada and the United States. The company conducts business in three metals distribution segments: metals service centers, energy products and steel distributors. We are currently seeking a...

  • Analyst, Credit and Collections

    6 months ago

    Mississauga, Canada Serta Simmons Bedding, LLC Full time

    **Req ID**:3927**Job Category**:Accounting & Finance**Location**:Mississauga, ON, CA, L5N 8C2Job Family - Tax - Exempt/Non-Exempt Non-Exempt Function Finance Essential **Responsibilities**: Collection Calls. - Supports customer credit hold releases, due to aged account or type of payment type by customer. - Presents statements & invoice copies to...

  • Junior Credit and Underwriting Analyst

    3 weeks ago

    Mississauga, Ontario, Canada OSL Retail Services Full time

    OverviewOSL Retail Services is seeking a skilled Credit and Underwriting Analyst to join our team. As a key member of our credit management team, you will be responsible for assessing credit worthiness, managing credit lines, and minimizing financial risks.The Company:OSL Retail Services is a leading provider of customized sales solutions in retail, direct...

  • Credit Analyst

    3 weeks ago

    Mississauga, Ontario, Peel region, Canada OSL Retail Services Full time

    It’s an exciting time to be at OSL Retail Services, working for a people focused company that’s at the top of its game. The momentum we’ve generated in recent years with our commitments to client customers, innovation, business results, and an entrepreneurial spirit has created energy, enthusiasm, and engagement among our employees that is pushing us...

  • Credit & Collections Strategy Analyst

    2 months ago

    Mississauga, Canada Just Energy Full time

    **Description** **Who is Just Energy?** **Just Energy **is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers. Currently, operating in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the...

  • Credit Analyst

    5 months ago

    Mississauga, Canada Russel Metals Full time

    Russel Metals is one of the largest metals distribution companies in North America, with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and...

  • Data Analyst

    4 weeks ago

    Mississauga, Ontario, Canada Farm Credit Canada Full time

    Job Title: Data AnalystJob Summary:Farm Credit Canada is seeking a highly skilled Data Analyst to join our portfolio management team. The successful candidate will have a strong background in data science and statistical modeling, with expertise in risk management and finance.Key Responsibilities:Unlock insights from complex data sets to inform business...

  • Credit Risk Analyst

    5 months ago

    Mississauga, Canada Questrade Financial Group Full time

    Questrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure. We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about...