• Financial Analyst

    Wheeler Machinery (Salt Lake City, UT)


    Financial Analyst

     

    Salt Lake City, UT

     

    Job Type

     

    Full-time

    Description

    The Financial Analyst role will include Accounts Receivable / Payable, and Credit Review responsibilities. It will be key to collaborate closely with the Team to reconcile accounts and resolve any discrepancies, thereby contributing to the overall financial health and operational efficiency of the organization. Prompt and assertive Collections efforts will be required for past-due customer accounts. Your attention to detail and ability to maintain clear records will play a crucial role in supporting the company's financial objectives and maintaining positive relationships with customers.

    Duties and Responsibilities

    + Post and apply customer payments

    1. Wires

    2. Credit Card

    3. ACH / eCheck

    4. Lockbox (checks)

    + Deposit customer checks and cash payments into the bank daily.

    + Reconcile AR journal entries with the bank statements.

    + Resolve customer account questions related to:

    1. Finance charges

    2. Match requests

    3. Payment research

    + Provide excellent customer service to all customers.

    + Credit Assessment: Evaluate the creditworthiness of individuals or businesses by analyzing credit reports (Dun & Bradstreet), financial documents, vendor and bank references, personal guarantees, etc.

    + Credit Policy Adherence: Ensure compliance with company credit policies and guidelines while making recommendations for credit limits and terms.

    + Relationship Management: Collaborate with sales teams and customer service to understand customer needs and negotiate credit terms that balance risk and business objectives.

    + Monitoring and Review: Monitor the financial performance and credit status of existing customers, identifying potential risks or opportunities for adjustments in credit terms.

    + Commit time to special outreach efforts to past-due customers, adhering to an escalation plan that puts pressure on customers to make payments.

    + Use various Collections tools to your advantage (e.g. Account Holds, Service Charges, Payment Plans) and recommend any improvement to processes for favorable changes in Days Sales Outstanding KPI.

    + Ensure timely and accurate processing of vendor invoices.

    + Code A/P transactions to correct account.

    + Complete vendor credit applications.

    + Assist in month end closing processes.

    + Help provide support for year-end audit.

    Qualifications

    + Education

    + High School Diploma

    + Bachelor’s Degree strongly preferred

    + Personalized Skills

    + Proficient in Microsoft Office (Excel and Outlook)

    + Experience with ERP systems (e.g. Business Central, Netsuite)

    + Characteristics

    + Team player who prioritizes the success of the Group, in addition to oneself.

    + Attention to detail and accuracy.

    + Excellent organizational skills.

    + Excellent written and verbal communication skills – comfortable on the phone.

    + Self-motivated and persistent.

    + Ability to meet deadlines / time management.

     

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    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c).

    Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

    The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)