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Job ID :
57264BR
Location :
US - Massachusetts - Franklin
:
Job Description

As the world leader in serving science, we empower our people to advance innovative technologies, develop meaningful solutions, and build rewarding careers. With revenues of $20 billion and the largest investment in R&D in the industry, we give our 65,000 extraordinary minds the resources and opportunities to make significant contributions to the world.

Explore the professional possibilities at Thermo Fisher Scientific, and join us.

Our Franklin, Massachusetts facility has an immediate opening for a Credit Analyst. This is a nonexempt position reporting to the Credit & Collections Manager.


Job Summary:

Acting as a strategic partner providing the analysis of credit and financial reports to determine the risk involved in extending trade credit to new and existing customers. In addition the analyst is a key member of the FFSS Team in assisting in the resolution of seriously pastdue major accounts.

Essential Job Functions and Accountabilities:

  • Applies accounting theories and concepts to support division credit, collections and contracts functions.
  • Responsible for new customer account set up along with the review and maintenance of accounts according Thermo Fisher Scientific credit policies.
  • Provide frequent analysis of customer account status and review incoming orders daily.
  • The detailed analyze of credit data, financial statements, and other related data to determine the degree of risk involved in extending trade credit to a customer. The analysis includes trend, ratio, cash flow, and the creation of related projections.
  • Responsible for extension of credit within authorized levels.
  • The preparation of the analytical results including the credit approval paperwork.
  • Track results of credit analysis for internal reporting needs.
  • Assist with minimizing bad debt risk and bad debt reserve requirements, improving Days Sales Outstanding (DSO), maximize cash receipts and safe guarding the assets of the company.
  • Recommend improvements, adaptations and revisions in the credit processing system, including the extension of credit terms.
  • Work as a partner with sales management and customer service management to ensure the highest level of professionalism and customer service.
  • Market, train, counsel, advise, and communicate credit department policy and procedures to company personnel.

Other Job Requirements:

  • The review of stand-by and commercial letters of credit documentation in support of the needs of the business.
  • Perform other accounting duties as directed by management, including ad hoc reports, special studies, and assisting in maintaining related policies and procedures.
  • Maintaining policies and procedures

Minimum Qualifications:

  • High School Diploma or GED
  • 2-4 years credit and trade business to business collections experience required.
  • Immediate proficiency in MS Office including Excel, Word and Outlook is required.
  • Excellent communication skills are required.
  • Ability to work independently in fast-paced environment is required.
  • Experience with automated ERP systems is a plus.



Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability or any other legally protected status.
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