Website Paycor
Paycor’s HR software is purpose-built for leaders and modernizes people management. We help our customers build winning teams and great places to work. Paycor’s culture is the key driver of our success. Every day, our associates find new ways to add value and progress toward audacious goals. We celebrate wins and share the wealth with a high performance-centric culture that empowers talented people to try new roles, innovate and experiment, and follow their passions.
How you’ll add value
The Senior Credit Analyst analyzes and interprets customers’ financial status for risk evaluation and the establishment of appropriate credit limits. The individual in this role partners with sales support, customer service, and accounts receivable to mitigate financial risk to Paycor while finding appropriate credit solutions for customers. The Senior Credit Analyst prepares recommendations and makes credit approval decisions on new accounts and monitors and communicates credit concerns to Paycor leaders as appropriate.
Duties and Cor Responsibilities
- Manage the credit approval process to ensure adherence with corporate governance and service level agreements.
- Analyze, and assess the creditworthiness of clients using various third party and internal tools to decide what services may be offered to clients.
- Work closely with Sales, Service, Billing, and Legal to define and negotiate custom contract requirements necessary to win deals.
- Determine funding requirements for high credit risk clients to minimize/remove Paycor’s exposure.
- Ensure accounts have required documentation for prospective and current clients.
- Communicate and partner with Sales and Implementation when services are denied to determine alternate solutions.
- Continuously improve credit processes to drive better results and efficiencies.
- Coordinate with EFT associates to establish wire funding method for clients denied ACH.
- Collaborate with Treasury associates when a security deposit is required.
- Ensure all credit documentation (processes & procedures) are up to date and accurate.
- Act as the subject matter expert for credit related activities.
- Evaluate quotes for discounting and incentives outside of sales authority.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements are representative of the knowledge, skill, and/or ability required.
- 5+ years related experience
- Bachelor’s degree or equivalent work experience required; Business Administration, Finance, Accounting and/or Economics degree preferred
- Excellent communication, organizational and negotiation skills, including verbal, written, phone and face to face contact with associates and clients
- Computer skills including experience with MS Office Suite; Intermediate excel skills required
- Ability to work independently and exercise good judgment and decision making with a minimal amount of direct supervision
- Must be accessible outside of normal business hours for occasional, urgent issues that arise
- Strong critical thinker with the vision to work both tactically and strategically
- Proven analytical thinking with a natural tendency to use data in decision-making and prioritization
Take Care of Each Other is one of our Guiding Principles and it’s something we actively pursue through the benefits we offer. We are dedicated to delivering a great personal and professional experience with exceptional benefits to support your wellbeing and the wellbeing of your family.
Highlights include:
- A flexible virtual-first work philosophy
- An initial equity award in Restricted Stock Units (RSUs) for all new Associates and on-going award opportunities to participate in the value created through Paycor’s growth
- 401(k) with $.65 match for every dollar contributed up to 6% of eligible pay
- Generous paid time off in addition to 10 paid holidays (including YOUR Holiday to celebrate a day or holiday you hold special)
- Three medical plan options – including a $0 cost option and travel & lodging support to ensure access to medical care
- Paid leave for birth parents, non-birth parents, elder caregivers, and military support
- Sabbatical opportunities for tenured Associates
- Employee Stock Purchase Plan, which enables you to buy PYCR stock at a 15% discount
- Inclusive and accessible Employee Assistance Program (EAP) to help with everyday challenges