Credit Analyst

Credit Analyst- Job Description

Position Summary: The Credit Analyst is responsible for assessing creditworthiness, managing financial risk, and supporting the onboarding process of prospective clients. This role ensures appropriate financial safeguards are in place while balancing client service needs and protecting the company's assets.

Key Responsibilities:

• Credit Assessment & Approval: Review credit approval requests in Salesforce and validate data for completeness.
• Analyze financial documents including bank statements, VODs (Verification of Deposits), and public records.
• Perform risk analysis using internal guidelines (e.g., 2x billing balance standard, VOD scoring metrics).
• Determine credit status and apply credit limits appropriately in Salesforce.
• Recommend risk mitigation strategies such as weekly payroll, personal guarantees, security deposits, or letters of credit.
• NSF (Non-Sufficient Funds) Management: Review and process NSF rejections; validate client bank and invoice information.
• Apply NSF fee policies; escalate and coordinate with branches on recurring issues.
• Maintain accurate tracking through NSF workbooks and collaborate with Accounting and AR teams.
• Maintain client database
• Accounts Receivable Oversight: Monitor AR aging reports and manage the Past Due PEO Customers & staffing list.
• Coordinate with branches to resolve outstanding invoices and ensure accurate reporting.
• Track and follow up on payment status, including check and EFT processing.
• Cross-Functional Collaboration: Communicate with Area Managers, Branch Partners, HR, and Payroll to resolve credit-related concerns.
• Act as liaison between the field and corporate risk management, balancing service expectations with financial risk controls.
• Escalations & Strategic Input: Address escalations from branches and collaborate with senior leadership on high-risk decisions.
• Contribute to the ongoing development of credit policies and risk philosophy in alignment with company goals.

Skills & Qualifications:

• 5+ years of experience in credit risk, financial analysis, or related roles.
• Strong analytical skills with the ability to interpret financial documents.
• Proficiency with Salesforce, Microsoft Excel, and AR/credit reporting tools.
• Knowledge of credit evaluation metrics and financial risk reduction methods.
• Strong communication and interpersonal skills for cross-department collaboration.

• Experience in PEO or payroll service environments is a plus.
• Experience with debt collection actions and regulations is a plus.
• Salary and Other Compensation:
• The starting hourly rate for this position is between 80-95K. Factors which may affect starting pay within this range may include geography, skills, education, experience, certifications, and other qualifications of the candidate.
• This position is also eligible for annual incentive pay equal to 8% of annual regular pay, prorated in the first year, in accordance with the terms of the Company's plan.
• Benefits: The Company offers the following benefits for this position, subject to applicable eligibility requirements: medical insurance, health savings account, flexible savings account, dental insurance, vision insurance, 401(k) retirement plan, accidental death and dismemberment, life insurance, voluntary life insurance, voluntary disability insurance, voluntary accident, voluntary critical care, voluntary hospital indemnity, legal, identity & fraud protection, commuter benefits, pet insurance, employee stock purchase program, and an employee assistance program.
• Paid Time Off: Accrued sick leave of 1 hour for every 40 hours of work, with maximum based on state or regional requirements; vacation accrues up to 80 hours in the first year, up to 120 hours in years 2-4, and up to 160 hours in the fifth year; 6 paid holidays annually, 4 paid volunteer days annually.
• Diversity and Inclusion are critical parts of our corporate culture. BBSI strives to create a workplace where everyone feels included and empowered to bring their full, authentic selves to work, and is treated fairly. BBSI is an equal opportunity employer and makes employment decisions on the basis of merit.
• If you meet the above requirements, we welcome the opportunity to learn more about you. For more information, visit us at www. bbsi.com Please apply via this posting and not by contacting our local or corporate offices.
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