Credit Specialist

A typical Credit Specialist job description should include, but not be limited to:

Keeping track of all payments and expenditures.

Resolves payment by examining Vendor payment plans, payment history, credit line; coordinating contact with collections department.

Summarizes payables by maintaining invoice accounts; coordinating monthly transfer to accounts receivable account; verifying totals; preparing report.

Protects organizations value by keeping information confidential.

Notify Debtors/Creditors by letter, email, or telephone call of upcoming or outstanding invoices

Negotiate payment plans and settlements with Debtors/Creditors, including fixing terms and conditions

Reply promptly to Debtors/Creditors questions and concerns received by voicemail or via written communication

Initiate legal action against Debtors/Creditors who evade or refuse repayment according to the terms and conditions

Process irreconcilable debts, as in the case of bankruptcy, to be written off and archived

Arrange for account statements to be forwarded to Debtors/Creditors each month, updating records when necessary

Establish and maintain regular communications with Debtors/Creditors to facilitate periodic payments

Chasing overdue invoices and payments via telephone and email

Plans and schedules of dues and obligations

Preparing Budgets for dues and obligations

Pay sellers by scheduling payment checks and ensuring that payments are received for outstanding credit. General response to all vendor inquiries related to financing

Preparing accounts analyses and preparing monthly reports

Continue to improve the payment process

Requirements