Credit Analyst

Job Details

Job Location: Irmo, SC 29063Position Type: Full TimeSalary Range: $50,000.00 - $65,000.00 Salary/yearJob Shift: Day

The Credit Analyst is responsible for evaluating and monitoring the creditworthiness of customers, ensuring sound credit decisions, timely collections, and compliance with all applicable laws. This role involves analyzing credit applications, reviewing personal and business credit, processing payments, and managing delinquent accounts. The ideal candidate will possess strong analytical skills, a solid understanding of credit risk, and knowledge of construction and lien laws as they relate to the building materials industry.

 

Key Responsibilities

Credit Evaluation & Account Management

• Evaluate new and existing customer credit applications in accordance with company policy.
• Obtain and interpret credit reports through Equifax, NACM (National Association of Credit Management), and other internal resources.
• Review personal guarantees and assess personal credit when guarantees are provided.
• Verify and document references.
• Review customer account activity including invoices, payments, credit memos, and account aging.
• Apply cash processing and reconciliation procedures to ensure payment accuracy.
• Recommend credit limits and terms based on risk assessment and payment history.

 

Delinquency & Recovery Actions

• Monitor delinquent accounts and take proactive measures to collect outstanding balances.
• Develop and implement collection strategies that balance relationship management and financial responsibility.
• Coordinate recovery actions including payment plans, credit holds, or legal referrals as appropriate.
• Assess when legal action is necessary for debt recovery.
• Document all collection activity in compliance with internal procedures.

 

Compliance & Regulations

• Ensure all credit and collection practices comply with state and federal collection laws (e.g., Fair Debt Collection Practices Act).
• Apply knowledge of construction lien and bond laws to protect company interests and secure payment rights.
• Maintain accurate and confidential customer credit records and files.

 

Industry & Relationship Management

• Collaborate with sales, branch management, and accounting teams to align credit decisions with business goals.
• Communicate effectively with subcontractors, general contractors, and owners/builders to resolve payment or credit issues.
• Stay informed on construction market trends and regulatory changes impacting credit and collections.

 

Preferred Qualifications

• Education: Associate or Bachelor’s degree in Finance, Accounting, Business Administration, or related field preferred.
• Experience: 2+ years in credit analysis, accounts receivable, or collections—preferably in the construction supply or distribution industry.
• Skills & Knowledge:
  • Proficiency with Equifax, NACM, and ERP/accounting systems.
  • Strong knowledge of credit risk analysis, debt recovery, and lien/bond rights.
  • Familiarity with state and federal collection regulations.
  • Excellent negotiation, communication, and analytical skills.
  • Proficient in Microsoft Excel and reporting tools.

 

Core Competencies

• Analytical Thinking & Problem Solving
• Professional Communication
• Integrity & Confidentiality
• Customer Service Orientation
• Attention to Detail
• Initiative & Follow-Through

Benefits

• Health, dental, and vision insurance.
• 401(k) with company match.
• Paid holidays and vacation.
• Employee referral program.
• Bonus Opportunity

Salary: $50,000-$65,000/year

Qualifications