Senior Credit Analyst

1 Month ago • 3 Years + • Account Management • $47,250 PA - $80,000 PA

Job Summary

Job Description

The Senior Credit Analyst at UMG manages a portfolio of accounts, ensuring maximum sales and prompt conversion of receivables. Responsibilities include extending credit according to company policies, analyzing financial information, negotiating settlements, monitoring accounts receivable, and working with other departments to resolve discrepancies. The role requires analyzing customer creditworthiness, managing risk, and contributing to the development and improvement of credit policies and procedures. The analyst will also assist in training and performance evaluations of junior team members.
Must have:
  • 3+ years experience in credit analysis
  • Financial statement analysis skills
  • Knowledge of credit market conditions and UCC code
  • Proficient in MS Office, especially Excel
  • Strong negotiation and communication skills
Good to have:
  • Basic accounting knowledge
  • Experience with in-house credit programs
Perks:
  • Comprehensive medical, dental, and vision insurance
  • 100% coverage for outpatient mental health
  • Wellbeing reimbursements
  • Student loan repayment assistance
  • 401k match
  • Generous PTO and paid holidays
  • Paid parental leave

Job Details

We are UMG, the Universal Music Group. We are the world’s leading music company. In everything we do, we are committed to artistry, innovation and entrepreneurship. We own and operate a broad array of businesses engaged in recorded music, music publishing, merchandising, and audiovisual content in more than 60 countries. We identify and develop recording artists and songwriters, and we produce, distribute and promote the most critically acclaimed and commercially successful music to delight and entertain fans around the world.
 

How we LEAD:

UMG's Senior Credit Analyst manages a portfolio of accounts in accordance with established policies, practices and procedures in a manner that will result in maximum sales, sound receivables and the prompt conversion of receivables into cash with a minimum of past due accounts. Provides specialized knowledge and expertise in the department, acting as a resource for others and contributing

to organizational success.

How you'll CREATE:

  • Applies the company’s credit and collection policies, practices and procedures to the credit requirements of a designated number of customer accounts within specified authority levels.

  • Generally have no direct subordinates, but exercises immediate day to day functional supervision over personnel assigned to the analyst’s portfolio of accounts.

  • Assists in the training and performance evaluations of on and offshore personnel assigned to the analysts portfolio of accounts.

  • Offers advice and guidance to colleagues, leaders, and other teams, sharing their expertise and helping others develop.

  • Assists in the creation and maintenance of documentation, such as training manuals, user guides, and technical specifications, to support various processes and initiatives.

Extension of Credit

  • Extends credit to customers in accordance with established policy and terms

  • Analyzes requests for credit and plans investigations to be performed personally or by others

  • Analyzes financial information, trade, bank, and credit reports. Ascertains security needed to maximize sales potential while protecting accounts receivables and presents recommendations to management. Performs analysis on new and periodically on existing accounts

  • Evaluates and makes independent decisions regarding credit limit increases or decreases, credit holds, and settlement negotiations within assigned authority levels

  • Maintains and updates credit files, legal and government documents

  • Makes field contacts and further investigations when necessary

Collections

  • Carries out the established program for the follow-up and collection of accounts receivable

  • Monitors regularly account exposures and aging accounts and determine action to be taken on delinquent accounts

  • Analyzes trends of high risk accounts, negotiating additional security and/or extended payment terms where necessary

  • Works closely with other departments, particularly sales, advertising, customer service and logistics to resolve customer discrepancies

  • Visits accounts for collection purposes, reconciliation’s, security negotiations, financial strength evaluation and customer relations

Controls

  • Compiles, interprets and prepares data used in management reporting. After the manager’s approval, submits reports to Corporate Credit Department

  • Provides input to Credit Manager for development and modification of credit policies and procedures

  • Assists UMG-IT department in development of in-house credit programs and recommends modifications and enhancements as needed

Important Relationships

Internal: Maintains working relationships with operating personnel of other departments concerned with the analyst’s accounts, primarily for the purpose of giving and obtaining information and working jointly on customer problems.

External: Initiates contacts and maintains close, harmonious relationships with customers; follows standard operating procedure in other outside contacts concerned primarily with obtaining and furnishing credit information.

Bring your VIBE:

  • Minimum (3) years of experience in a similar role

  • Ability to analyze and interpret financial statements

  • Working knowledge of current credit market conditions

  • Knowledge of UCC code

  • Basic accounting knowledge

  • Ability to interact with all levels of management

  • Proficient in MS Office, including strong Excel skills

  • Ability to develop customer rapport, negotiate and attain closure with minimal supervision

  • Bachelor’s Degree preferred

Perks Playlist:

  • Be part of an entrepreneurial, global organization that values authenticity, drive, creativity, relationships, and a competitive spirit

  • Comprehensive medical, dental, vision, and FSA options, as well as:

    • 100% coverage for out-patient mental health services

    • Wellbeing reimbursements for fitness classes, spa treatments, meal services, travel, and so much more (up to $720/year)

    • A lifetime fertility support allowance of $30,000 to plan participants

    • Student Loan Repayment Assistance and Tuition Reimbursement

    • 100% immediately vested 401(k) match on the first 5% of your contribution on eligible compensation

  • Variety of ways to prioritize much-needed time away from work including:

    • Flexible Paid Time Off (PTO) for exempt employees

    • 3-weeks PTO for non-exempt employees

    • 2-weeks paid Winter Break

    • 10 Company Holidays (including Juneteenth and Wellbeing Day)

    • Summer Fridays (between Memorial Day and Labor Day)

    • Generous paid parental leave for every type of parent

Check out our full overview of benefits on the Perks Playlist page of the career site.

Disclaimer: This job description only provides an overview of job responsibilities that are subject to change.

Universal Music Group is an Equal Opportunity Employer

We are an E-Verify employer in Alabama, Arizona, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Utah.

For more information, please click on the following links.

E-Verify Participation Poster: English / Spanish

E-Verify Right to Work Poster: English | Spanish


Job Category:

Finance & Accounting

Salary Range:

$47,250 - $80,000

The actual base salary offered depends on a variety of factors, which may include, as applicable, the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location in which the applicant lives and/or from which they will be performing the job.  All candidates are encouraged to apply.

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