Credit Analyst
Newton, Kansas - Full Time

Bunting Magnetics Co., located in Newton, Kansas is a leading manufacturer of magnetic conveying and separation equipment serving a wide variety of industries.  We have an immediate opening for a Credit Analyst reporting to the Divisional Controller.

Signing Bonus up to $5,000 (guidelines apply)

Job Responsibilities

Collects past due accounts.

  • Reviews daily the report of orders on hold or over limit.
  • Checks computer to verify if payment is still due.
  • Calls delinquent accounts and negotiates payment schedule if necessary.
  • Notifies supervisor of problem accounts.
  • Research debit memos taken by customers.
  • Sends “Demand Letters” with the approval of Controller.
  • Communicates with collection agency when they take over delinquent accounts.

Approves customer requests for unsecured credit.

  • Obtains credit requests from sales department.
  • Reviews past credit history of current customers.
  • Approves credit limit for current customers.
  • Notifies supervisor of credit limit problems.
  • Checks credit rating on potential new customers.
  • Obtains credit references, as needed.
  • Establishes credit limit for new customers and creates a file for each new customer.
  • Sends new customer letters to all new customers.
  • Contacts "check in advance" customers to determine payment schedule.
  • Reviews terms of Purchase Orders for bid packages to customers
  • Sends out P.O. denial letters to customers requesting signed terms agreement.

Performs other accounting duties.

  • Processes credit card orders, settles credit card orders each week.
  • Provides weekly staff meeting reports - delinquent accounts receivable, weekly invoicing summary and pro forma invoices.
  • Prepares credit memos for customers as requested.
  • Fills out W-9 requests and vendor surveys, as requested.
  • Obtains customer sales tax exemption certificates and logs in as complete.
  • Other duties as requested by management.

Education and/or Work Experience Requirements:

  • Bachelor’s degree with a major in business, accounting, or finance
  • Must have good Excel skills (pivot tables, Macros, V-Lookups)
  • Knowledge of commonly used Accounts Receivable concepts, practices, and procedures
  • Ability to work in fast paced, collaborative team environment.
  • Minimum of 2 years of experience in accounts receivable, finance, accounting, banking, or customer service

As the industry-leading manufacturer of magnetic technology products, Bunting has developed precision magnetic products for the worldwide printing, automotive, plastics, food, electronics, pharmaceutical and recycling industries for more than 50 years. Our family-owned group of companies manufactures products which serve global markets and include a broad range of magnetic materials and components, magnetic separation systems, material handling equipment, metal detection equipment, magnetic cylinders, bonded magnets, and assemblies.