Job Details

• Credit Assessment: Evaluate the creditworthiness of new and existing customers using financial statements, credit reports, and other relevant information.
•  Credit Policy Development: Develop and implement credit policies and procedures tailored to the auto parts industry, ensuring compliance with company guidelines and industry regulations. Work in conjunction with the sales team and management to ensure company policies are followed as well encouraging sales growth and profitability.
• Credit Limit Determination: Establish appropriate credit limits for customers based on their financial stability, payment history, and market conditions.
• Customer Onboarding: Manage the credit approval process for new customers, including reviewing credit applications, conducting credit checks, and setting up credit terms.
• Collections Management: Monitor accounts receivable aging reports and take proactive measures to collect overdue payments. Coordinate with collection agencies or legal counsel as necessary.
• Dispute Resolution: Investigate and resolve billing discrepancies or disputes with customers in a timely manner to maintain positive relationships and ensure prompt payment.
• Risk Mitigation: Identify potential credit risks and develop strategies to mitigate them, such as implementing credit insurance or requiring security deposits.
• Reporting and Analysis: Prepare regular reports on key credit metrics, such as DSO (Days Sales Outstanding) and bad debt reserves, and provide analysis to senior management to support decision-making.
• Collaboration: Work closely with sales teams to balance credit risk with revenue generation objectives, providing guidance on credit terms and customer negotiations.
• Continuous Improvement: Stay updated on industry trends, best practices, and regulatory changes related to credit management, and recommend improvements to enhance efficiency and effectiveness.

• Bachelor's degree in finance, accounting, business administration, or related field.
• Previous experience in credit management, preferably in the auto parts industry or a related field.
• Strong understanding of financial analysis, credit risk assessment, and collections processes.
• Excellent communication and negotiation skills, with the ability to interact effectively with customers and internal stakeholders.
• Proficiency in financial software and Microsoft Office suite, particularly Excel for data analysis.
• Attention to detail and ability to prioritize tasks in a fast-paced environment.
• Knowledge of relevant regulations, such as Fair Credit Reporting Act and bankruptcy laws, is a plus.