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Description

Job Title: Credit Analyst

Work Location: 700 Sylvan Ave Englewood Cliffs NJ USA

Work Schedule: onsite

Assignment Length: 6 months

Education and Years of Experience:

1 Bachelors degree with focus on accounting or finance

2 5 applicable experience

Top Skills:

financial analysis credit review and risk assessment

PURPOSE OF POSITION:

To protect the assets of the Company while also supporting the sales needs of the organization. The positions primary functions include but are not limited to performing detailed reviews and risk analysis on an ascribed portion of Samsungs portfolio of accounts in order to assess commercial credit risk as well as assign maintain or adjust credit limits. For accounts that do not qualify for an open line of credit the role will require collaboration with team leads to discuss the possibility of alternative hedging Letter of Credit Flooring Factoring PUT Contracts etc.. The position holder will be responsible for continuous monitoring of their account portfolio insuring that credit limits are sufficient and alerting team leads as to financial downturns and with guidance potentially suggesting credit actions or other risk mitigating solutions. The position will also be responsible for the initial risk analysis and set up of new accounts working with various external teams to ensure appropriate documents are collected and accurate. Additionally the position will require reporting both assigned and ad-hoc that will be distributed within the group as well as to a broader audience. The position holder may also be asked to provide logistical support on the implementation and risk mitigation options/programs relating to all Accounts Receivables of the Company. Required business travel is minimal lt5.

ESSENTIAL DUTIES RESPONSIBILITIES:

Manage the commercial credit risk for an assigned portfolio of accounts applying Samsungs credit practices and procedures portfolio will typically contain lower risk accounts with modest credit limits

Perform detailed reviews and risk analysis on an ascribed portion of Samsungs portfolio of accounts in order to assess commercial credit risk as well as assign maintain or adjust credit limits.

Plans and schedules credit review and risk analysis for assigned portfolio of accounts

Uses credit risk analysis skills and business acumen along with available risk assessment tools and third party data to analyze new account requests for open lines of credit as assigned interfaces with team leads for guidance when encountering unique credit situations during this process

Obtain all necessary information to properly risk assess including assigning a risk category from our Financial Health Indicator perform robust financial review and submission through appropriate channels for activation of credit line and assignment of account number in SAP

Reviews and analyzes assembled reports scorecard data financial statements and supplementary information such as bank and trade references as well as payment history data to arrive at sound financial decisions intended to support sales while protecting Samsungs assets

Recommends individual credit lines or for unqualified accounts works with team leads to assess the viability of other hedging options or courses of action and again with guidance from team leads facilitates the implementation of credit line or other approved solution for challenging risks

Personally handles non routine credit inquires and correspondence as it relates to their portfolio involving team leads for guidance to potential challenges based on those inquiries

Defers team leads for advice on particularly complex problems and cases requiring interpretation of policy decision

Monitors monthly lines of credit for customers in assigned portfolio of accounts to ensure that balances are within approved limits

Assist team leads or Sr. Analysts in support when requested to the following: Service Division Content Services Harmon Dacor Neurologica etc. in all aspects of risk assessment of Accounts Receivable and also provide assistance with regard to credit processes and risk mitigation tools and services as well as hedging options. This could include reports from third party services or just general procedure and practices along with requests for standard templates or forms and overall credit opinions.

In the Company of team leads may be asked to represent the Company at creditors meetings trade shows bankruptcy proceedings or other related events

Prepare and submit departmental reports from simple inter-department reports to more complex companywide reports.may include but not limited to Quarterly report Monthly report Watch list report Z-Credit AR Forecast report any ad-hoc reporting that may be required etc.

Will be required to be part of customer visits as needed to obtain financials or assess overall business operations and status of assigned accounts team leads will accompany as necessary

PERFORMANCE STANDARDS How will duties be measured

Maintain bad debt loss ratio not greater than Management Plan of Sales - Target 2019 : 0.009

Timely and in-depth review and monitoring of all assigned accounts all accounts with credit lines above 1M will be reviewed twice per year accounts with limits below 1M will be reviewed once a year and distressed or high risk accounts will be reviewed quarterly or as needed

Timely preparation and submission of departmental reports may include but not limited to Quarterly report Monthly report Weekly report Watch list report Z-Credit AR Forecast report etc.

Maintaining appropriate credit lines and hedging limits within SAP Master Report and SCES Samsung Credit Evaluation System for all assigned accounts

Timely and effective communication with sales or other stake holders on all accounts within portfolio

Timely and effective communication with key contacts of the account itself and or the account teams and the ability to obtain all required information to perform account reviews

DESIRED SKILLS:

Strong Financial Analysis and risk assessment skills

Understanding of insurance and various other hedging options

Solid communication and negotiation skills

Considers a wide range of alternatives prior to making a decision

Takes initiative as problems opportunities arise seizing opportunities early

Effectively recognizes emergencies crisiss and brings them to attention of team leads

Actively develops a climate of teamwork cooperation when working with peers

Ability to communicate with people at different organizational levels

Follows up on tasks assignments to ensure successful completion on assigned dates

EDUCATION AND/OR EXPERIENCE:

Bachelors degree with focus on accounting or finance.

Proficient in Windows Excel Word PowerPoint.

Understanding the business and market trends which impact our accounts.

Strong analytical skills the ability to analyze and also interpret the meanings in written and verbal form.

Approximately 3-5 years commercial credit experience performing complex financial statement analysis as well as handling spreadsheets and reporting tools used to conduct successful analysis.

An understanding of risk/reward analysis and credit mitigation documents. Familiar with SAP.

Additional Skills & Qualifications

Reports to Sr Credit Analysts

Credit reviews

Risk assessment

Review financials

5+ years of experience

Reporting

Excel skills

SAP or ERP is a plus

1 round virtual interview

Experience Level

Intermediate Level

Job Type & Location

This is a Contract position based out of Englewood Cliffs, NJ.

Pay and Benefits

The pay range for this position is $25.00 - $30.00/hr.

Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: • Medical, dental & vision • Critical Illness, Accident, and Hospital • 401(k) Retirement Plan – Pre-tax and Roth post-tax contributions available • Life Insurance (Voluntary Life & AD&D for the employee and dependents) • Short and long-term disability • Health Spending Account (HSA) • Transportation benefits • Employee Assistance Program • Time Off/Leave (PTO, Vacation or Sick Leave)

Workplace Type

This is a fully onsite position in Englewood Cliffs,NJ.

Application Deadline

This position is anticipated to close on Jan 10, 2026.

h4>About TEKsystems:

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

About TEKsystems and TEKsystems Global Services

We’re a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. We’re a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. We’re strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. We’re building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com.

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.