Senior Credit Analyst

Spectrum Safety Solutions:

With approximately 1,500 employees operating in more than 20 countries, Spectrum Safety Solutions is a global leader in fire detection and suppression solutions for high-hazard applications across verticals such as critical infrastructure, oil and gas, marine and clean energy. Our global team leverages strong customer relationships across four recognized brands, Det-Tronics, Marioff, Autronica, and Fireye, to deliver differentiated lifecycle solutions and advance growth across key segments. Carved out from Carrier's Fire & Security business in July 2024, Spectrum Safety Solutions is now a privately-held company under the ownership of Sentinel Capital Partners.

Det-Tronics:
We make the world a better place to live! At Spectrum's Det-Tronics, we build and maintain comfortable, accessible, efficient, healthy, safe, secure, and sustainable environments. Det-Tronics is a $180M technologically innovative, projects-based global brand protecting customers in many challenging environments with high end flame and gas detection products and systems. Det-Tronics is a part of Spectrum Safety Solutions and has a global footprint with manufacturing sites in the U.S. and sales presence in all key geographies.

Position Overview: We are seeking an experienced and highly skilled Senior Credit Analyst to join our team. The ideal candidate will have over five years of credit analysis experience, ideally within the manufacturing sector. In this role, you will be responsible for evaluating the creditworthiness of new and existing customers, managing risk, and ensuring that credit policies are adhered to while supporting business growth.

Key Responsibilities:

Credit Risk Analysis:

• Analyze financial statements, credit reports and other relevant data to assess the creditworthiness of customers.
• Perform thorough risk assessments, evaluating industry trends, economic conditions, and customer financial health.
• Prepare detailed reports outlining credit findings, recommendations, and risk mitigation strategies.
• Develop a model using customer financial data

Credit Evaluation & Approval:

• Lead the credit evaluation process for new clients, including reviewing credit applications, assessing credit limits, and making recommendations for approval or denial.
• Establish and review credit limits for existing clients, ensuring they align with company policies and risk tolerances.
• Monitor the credit portfolio to ensure customers are maintaining appropriate credit limits and payments.
• Manage orders on credit hold.
• Assess credit for project business proposals.

Relationship Management:

• Work closely with sales teams to understand customer needs and identify potential credit risks.
• Maintain ongoing communication with customers to ensure timely payment and resolve any disputes related to credit terms.
• Collaborate with the finance team to ensure smooth handling of collections and overdue accounts.

Credit Reporting and Compliance:

• Monitor and report on the status of outstanding receivables, providing regular updates to management.
• Ensure compliance with internal credit policies and external regulatory requirements.
• Prepare periodic reports on portfolio performance, including aging reports, bad debt, and write-offs.

Credit Policy and Process Improvement:

• Develop and refine credit risk assessment models, ensuring they align with industry standards and company objectives.
• Recommend improvements to credit policies, processes, and systems to minimize risk while maximizing profitability.

Team Leadership & Development:

• Lead and contribute to departmental initiatives aimed at improving efficiency and accuracy in credit decision-making.
• Cross Training

Other Tasks as assigned by manager

Qualifications:

• Bachelor's degree in Finance, Accounting, Business Administration, or related field (MBA or professional certifications like CFA or CMA is a plus).
• Minimum of 5 years of experience in credit analysis, with a focus on manufacturing or related industries.
• Strong knowledge of credit risk management, financial analysis, and financial modeling.
• Proficiency in financial software and ERP systems (e.g., SAP, Oracle).
• Excellent communication and negotiation skills, with the ability to interact effectively with internal and external stakeholders.
• Strong problem-solving skills and attention to detail.
• Ability to work independently and manage multiple priorities in a fast-paced environment.

Preferred Skills:

• Experience with manufacturing credit assessment and foreign exchange risks.
• Familiarity with credit insurance and collections processes.