Mgr Credit Iii Jobs

Work as a leader in the business to highlight areas that are causing credit issues and facilitate the resolution of them by persuasive influence. Work as part of the management team to ensure that risks are properly and proactively managed. Consolidating the debts and credit limits from across multiple entities to manage the risk for our larger customers who trade with multiple sister companies. Working with the CFO and Director of Finance for these larger customers to manage the risk and grow the limits where required by using financial analysis and working with third party credit agencies. Proactively addressing credit limits for these larger customers to allow the sales teams to grow business with our partners but at the same time manage the risk associated with this.

Major Accountability:

• Collection of Debt and Intercompany accounts to agreed Targets and continuously improving.
• Manage customer order releases, ensure proper approvals are attained
• Manage the balance between sales growth and risk. Manage customer accounts, monitor granting process including the consistent application of credit policy, annual and periodic credit reviews of existing customer and asses the credit worthiness of new customers.
• Provide support and training as needed on continuous bases and maintain organization structure to meet goals and objectives.
• Manage Month end closure, ensure accounts are reconciled and approvals and in place.
• Deal with Audit Requests and new projects as needed
• Responsible for managing & providing support to Credit and Accounts Receivable department staff & ensuring processes and procedures are followed in accordance to company policies.

Key Tasks & Responsibilities:

• Assist with daily collections/e-mails/calls, maintain DSO. Monitor cash against daily collections target. Meet with Credit team bi-weekly to review status and work on resolutions.
• All above ensuring minimizing bad debts and working with any insolvency practitioners to ensure any bad debt collected.
• Perform month end duties - A/R reconciliations of trade and intercompany accounts. Upload monthly bad debt reserve into Sharepoint. Review bad debt provisions and submit for approvals.
• Setting targets/goals, monitoring, coaching to achieve these.
• Establishing viability of any New Accounts / Credit "worthiness" & liaison with relevant parties. Credit checking based on new accounts/annual review/increasing or reducing limits/terms based on orders/payment behavior.
• Perform weekly Cash Forecast by specified deadline
• Assist AP as needed with vendor master maintenance/updates and with bank approvals for EFT/ACH/Wires as required
• Manage and providing support to Credit & Accounts Receivable staff and ensuring processed and procedures are per policies
• Work on problem solving, assist A/R, Credit team and Customer Service with solving issues. Monitor customer deductions and merchandize returns, set meetings to discuss and resolve issues.
• Manage accounts on Credit Hold. Ensure order releases are aligned with credit limits and on timely manner & proper approvals

Specialized Skills & Knowledge:

• QAD/ERP System and Customer specific software
• Microsoft/Excel
• Understanding & interpretation of external credit reports and financial statements
• Advance Communication skills
• Certified Credit Professional qualification or similar
• Bachelor's degree in Accounting, Finance, Business Administration, or Economics