Financial Analyst at Applied Industrial Technologies in Cleveland, OH

The Financial Analyst is a key member of the Credit team and is responsible for the management of the receivables and credit of our major customers. Will have active involvement in the Company’s Total Quality Management process as evidenced by continuous improvement of processes directed toward reducing costs, improving cycle time, increasing sales / gross profit and customer satisfaction. Will carry out policies and procedures as defined in the quality manual and continuous development through reading, schools, seminars and on-the-job training.

Job Duties

• Engages in analysis of account information including determining root causes of problems/issues and propose solutions for process improvement.

• Analyze, recommend, and implement improvements to the Receivables, Credit, and Treasury functions. Identify and implement best automated solutions.

• Analyze special billing situations; propose solutions, and devise and implement improvement plans (i.e. ERS, EDI, customers). Work with EDI and e-commerce group.

• Responsible for month-end reconciliation worksheets for various Accounts Receivable G/L accounts.

• Performs duties for specific large customers similar to an Account Analyst including cash application if necessary.

• Recommend solutions for Credit Analyst team, field, Sales Management, and customer for credit related decisions such as opening new accounts, enforcing credit limits, payment terms, COD decisions.

• Analyze Equifax reporting tools and assist with credit decisions for service centers and field management.

• Recommend/advise field on NSF, over-for-collection and bankruptcy issues.

• Assist Trade Credit Manager and Sr. Manager of Treasury & Cash Management with special projects.

• Process and manage customer late fee process and unauthorized discount process and reporting for both. Assist field locations and customer with questions/issues.

• Responsible for managing e-mail account set-up, maintenance, statements and correspondence with field and customers.

• Serve as back-up for month-end internal and external reporting and bank corrections and bank error processing.

Education and Experience

• Bachelors degree preferred, minimum Associates Degree

• Minimum three (3) years experience Receivables, and/or credit experience

• Analytical/Problem Solving

• Professional

• Excellent communication skills

• Proficient in Excel, Word, and Access

• Must live in Cleveland metro area. We are unable to provide relocation expenses

• Must be legally authorized to work in the United States. Sponsorship will not be provided for this position

Founded in 1923, Applied Industrial Technologies (NYSE: AIT) is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise.

Applied Industrial Technologies is built on a philosophy that puts people first. We are an equal opportunity employer, and we are committed to a workforce in which we enforce fair treatment and provide growth opportunities for everyone. All qualified applicants will receive consideration for employment regardless of age, race, color, national origin, genetics, religion, gender, marital status, physical or mental disability, or any other characteristic protected by applicable laws, regulations, and ordinances.