Our industrial client is seeking an Assistant Credit Manager to join their collections leadership team. This well-established firm has been in business for over 100 years and has been growing ever since.
Why should you explore this Assistant Credit Manager role?
- Competitive salary and comprehensive benefits plan.
- Flexible working schedule. - this company cares about work life balance.
- Supportive management team that wants to help you grow and succeed within the company.
Primary Responsibilities of the Assistant Credit Manager:
- Monitor performance related to credit and accounts receivable management and apply appropriate measures to ensure timely collections and drive best practices
- Tracks team performance against metrics such as DSO, provide support analysis of fluctuations in metrics, portfolio aging, and accounts receivable balances
- Identify collection and order validations needing escalation and proactively address issues (past due items, credit limit exceeded, master data issue, etc.), by driving discussions with the customer, operations and/or sales teams
- Monitor customer credit lines, collections and account balances to ensure compliance of established credit limits, payment terms and minimize credit exposure
- Intervenes with customer negotiations to maximize collection of severely aged balances and reduction of bad debt exposure
- Review and recommend bad debt write-off amount to account for AFDA reserve
- Extend credit to customers within designated limit of authority and approve credit inquiries
- Identify delinquency drivers and facilitates action plans to drive end to end resolution
Qualifications for the Assistant Credit Manager:
- Degree in Accounting/Finance or related degree strongly preferred.
- Minimum 3+ years of related experience required, including credit and collection management experience in a large public and/or global company with a track record of steadily increasing responsibility, accountability and leadership
- Detailed experience with summary, consignment and ERS invoicing with emphasis on supply chain customer payment processes
- 3 - 5 years' experience with electronic billing (ADP, Oildex, EDI)
- Advanced Excel skills (VLOOKUP/pivot tables/power queries)