Credit Analyst - Michael Foods Inc.

Michael Foods, Inc. is a leader in the food processing and distribution industry with business in egg products, refrigerated grocery and potato products. We offer exciting job possibilities throughout our organization where you can enhance your career, sharpen your talents and make an impact. Join our company and be part of an innovative team that’s First in Food.

Hopkins, MN is home to our Michael Foods, Inc. corporate headquarters. Hopkins is located 7 miles west of Minneapolis, boasting natural surroundings in a suburban environment that also provides quick access to major travel ways and local restaurants that give our community a distinct character. Located in the Excelsior Crossing building where employees are provided with beautifully landscaped walking paths and water features creating an optimal environment for outdoor and walking meetings, along with the opportunity to take a relaxing walk or outdoor lunch before, within, or after your work day.

POSITION SUMMARY:

The Credit Analyst position performs credit and collections activities that protect MFI’s Accounts Receivables and promote timely payments from customers. The Credit Analyst is responsible to make credit decisions for their assigned portfolio and within their delegation of authority based on analysis of credit risks, and assessment of credit history. They will work with internal and external partners to resolve issues. They will perform collection tasks by contacting customers directly or managing accounts on customer portals to ensure timely payments. This may include resolving invoice discrepancies, following up on delayed payments, and other tasks related to customer credit.

DUTIES AND RESPONSIBILITIES: 

• Create and maintain electronic credit history files.
• Manage the collection efforts for assigned Accounts Receivable portfolio.
• Document daily collections activity.
• Respond to credit inquiries from external and internal customers.
• Process and review customer credit applications, financials, and credit reporting agency information to make credit limit decisions.
• Make credit decisions for assigned portfolio, within their delegation of authority, based on analysis of credit risks and assessment of credit history.
• Perform periodic credit reviews to determine if a credit limit increase or decrease is appropriate.
• Evaluate credit risk for assigned portfolio utilizing credit reports and trade references and adjusting account risk level as appropriate.
• Manage customer accounts on customer portals to ensure timely payments.
• Work closely with Sales and Customer Service to resolve credit issues.
• Watch for signs of increased risk for AR portfolio and communicate concerns to management and sales in a professional manner.
• Other duties as assigned.

EDUCATION AND EXPERIENCE REQUIRED:

• One year Credit & Collection experience.
• Associate degree (AA) in Finance, Accounting or business preferred; or equivalent combination of education, training and/or experience.

REQUIRED SKILLS AND ABILITIES:

• Strong documentation skills.
• Strong written, verbal & interpersonal communication skills.

• Experience in large ERP systems (SAP), preferred.

• Working knowledge of Microsoft Excel, Outlook, and Word.
• Detail oriented and works well independently.
• Ability to provide exceptional customer service to internal and external stakeholders.

The above statements are intended to describe the general nature of the work and may not include all the duties associated with this position.