Director - Credit and Accounts Receivable

Experienced Recruiting Partners - Charlotte, NC

Location – North of Charlotte

The Director – Credit and Collection has overall responsibility for the establishment of customer credit limits for the Company and its subsidiaries and affiliates.

  • Responsible for the tactical and strategic management of professional and clerical personnel encompassing the areas of credit, collection, accounts receivable and cash application. 

Responsibilities:

  • Establishes and oversees compliance with Company policies and procedures that govern the credit and collection activities of the organization.
  • Manages the investigation of credit risks involving customers and suppliers and the collection of amounts due to the organization.
  • Directs the establishment of credit lines and credit worthiness of customers and assigns ratings based on internal credit analysis, external research, credit reports, financial records and other available credit information.
  • Partners with sales management to ensure continuous support in managing their day-to-day responsibilities while managing risk and ensuring compliance with Company policy.
  • Where appropriate, utilizes credit mitigation strategies such as guarantees, letters of credit, and other billing arrangements.
  • Oversees Credit and A/R department to ensure most effective management of the aging of Receivables, DSO and Bad Debt.
  • Oversees the administration of bankruptcy claims and related issues.
  • Reports to management key financial monthly results and metrics.
  • Analyzes trends, quantifies cost/benefits, calculates ROI, and effectively implements necessary policy changes.
  • Analyzes and assesses Accounts Receivable and Bad Debt reserve requirements in accordance with Company guidelines and Generally Accepted Accounting Principles.
  • Visits customer sites and negotiate payments terms on behalf of the Corporation.
  • Manages complex and high volume related Credit and Collections regions to ensure efficient operations and the highest level of customer service.
  • Manages Customer Accounts and ensures highest level of customer service, while focusing on collections
  • Performs all duties inherent in the role of Corporate director including hiring, terminations, review and development of associates.
  • Drives the Corporate Culture in the department and throughout the company to ensure unity of purpose and fulfillment of Corporation’s mission.
  • Participates in special projects and performs additional duties as required.

Requirements:

  • A Bachelor’s degree in business or accounting
  • 10+ years experience in Credit analyzing financial documents and assigning credit lines, is required.
  • 5+ years managerial experience in Credit or Collections Required
  • Manufacturing background preferred
  • Must have experience in establishing specific targeted goals, related to DSO, Aging and Bad Debt.
  • Required - Computer literacy and proficiency in word processing and spreadsheet software
  • Required - In depth knowledge of Commercial Credit Agencies processes and procedures
  • Excellent oral and written communications skills are also required.

 



Posted On: Friday, September 3, 2021



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