Associate Credit Analyst
$60k - $70k USD
Step into the innovative world of LG Electronics. As a global leader in technology, LG Electronics is dedicated to creating innovative solutions for a better life. Our brand promise, 'Life's Good', embodies our commitment to ensuring a happier life for all. We have a rich history spanning over six decades and a global presence in over 290 locations. Our diverse portfolio includes Home Appliance Solutions, Media Entertainment Solutions, Vehicle Solutions, and Eco Solutions. Our management philosophy, "Jeong-do Management," embodies our commitment to high ethical standards and transparent operations. Grounded in the principles of 'Customer-Value Creation' and 'People-Oriented Management', these values shape our corporate culture, fostering creativity, diversity, and integrity. At LG, we believe in the power of collective wisdom through an inclusive work environment. Join us and become a part of a company that is shaping the future of technology. At LG, we strive to make Life Good for Everyone.
What we can offer:
A crafted employee experience designed to foster professional growth, a focus on health & well-being and an internal community that will set you up for success
We offer an environment that enables colleagues to demonstrate their capabilities, focus on their work and create value. At LG, you're encouraged to take a creative and individual approach to challenges with strong emphasis placed on performance and skill—and equal, merit-based opportunities across the board. We want our colleagues to grow with our global business. That's why we deliver sure rewards for exceptional performance and offer industry-leading benefits. Come join the team!
The Opportunity:
Associate Credit Analyst is responsible for reviewing and updating new and existing customer credit files, requiring analytical, quantitative and technical skills. Will consult with the Manager and/or Senior Manager as needed to review the progress of various projects and the overall status of the department.
He/she will: 1.) release orders based on credit availability, 2.) analyze financial statements in conjunction with credit risk analysis, 3.) determine overall credit worthiness, and 4.) implement credit-related policies as appropriate.
- Handle portfolio of assigned accounts.
- Gather and analyze credit and/or other data to determine impact on business operations, as appropriate.
- Make recommendations for credit limits based on availability of credit insurance, LG payment history, trade references, third party sources, and other credit tools, as applicable.
- Evaluate and implement internal and external credit scoring models using both traditional and other predictive technologies.
- Participate in and contribute to projects to develop recommendations for credit policy, credit/data support systems and provide revenue, cost, delinquency, and loss forecasts.
- Interface with customers and other departments to develop strategies to prevent problems and develop solutions to correct existing problems.
- Represent the department at sales meetings to educate sales people and/or customers about LG credit policy.
- Visit customers as required to evaluate operations, maintain a relationship, and/or obtain financial statement data.
- Pursuit of the Certified Credit Executive designation through NACM.
- Complete other related duties as assigned.
Qualifications
- Bachelor's degree in Finance, Accounting, or a related field.
- No formal experience is required, but must have basic knowledge and understanding of financial statements.
- Motivated for working as a credit analyst, building knowledge and understanding of financial statement analysis and credit work responsibilities.
- Strong organizational, analytical, problem-solving, verbal and written communication skills.
- Proficiency with MS Office (Word, Excel and PowerPoint) is a must.
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Recruiting Range
$60,000—$70,000 USD
Benefits Offered Full-Time Employees:
- No-cost employee premiums for you and your eligible dependents for competitive medical, dental, vision and prescription benefits.
- Auto enrollment with immediate vesting of competitive company matching contributions in a 401(k) Retirement Savings Plan with several investment options.
- Generous Paid Time Off program that includes company holidays and a combined bank of paid sick and vacation time.
- Performance based Short-Term Incentives (varies by role).
- Access to confidential mental health resources to help you and your loved ones improve your quality of life. Personal fitness goal incentives.
- Family orientated benefits such as paid parental leave and support for families raising children with learning, social, behavioral challenges, or developmental disabilities.
- Group Rate Life and Disability Insurance.
Benefits Offered Temporary/Contractors:
- Eligible for the relevant benefit programs offered through our partner agencies.
Privacy Notice to California Applicants
At LG, we aspire to empower people and celebrate differences because we believe diversity will create the unexpected. We provide equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law. Consistent with our commitment to providing equal opportunity and embracing diversity, LG has implemented affirmative action to ensure applicants are employed and employees are treated without regard to these characteristics.
In addition to the above, LG believes that pay transparency is a key part of diversity, equity, and inclusion. Our salary ranges take into account many factors in making compensation decisions including but not limited to skillset, experience, licensure, certifications, internal equity, and other business needs. While we consider geographic pay differentials in final offers, because we operate in many geographies where applicable, the salary range listed may not reflect all geographic differentials applied.