2 Credit and Collections Manager Jobs in Cypress, TX
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Moffitt Services is Hiring a Credit and Collections Manager Near Cypress, TX
Moffitt Services is looking for an experienced and progressive Credit & Collections Manager who is passionate about leading a Credit & Collections team within a growth-oriented organization. Capable of balancing priorities including credit underwriting, risk analysis and mitigation, debt collection, policy development and implementation. Improve scale and efficiency by evaluating, selecting, and implementing technology and process development.
Essential Duties and Responsibilities
- Manage new customer approval and intake, including credit applications, entity validation, credit references, fuel tax permit/tax status, and set-up in the company’s ERP and other systems.
- Manage customers’ vendor set-up process, including invoice portal set-up and management.
- Establish customer credit rating, limits, and terms, in conjunction with the company’s credit insurance vendor Euler Hermes.
- Implement and manage payment plans for delinquent accounts.
- Update internal systems, as necessary, with contact details, conversations and issues affecting payments.
- Monitor and evaluate risk on an ongoing basis, anticipating and mitigating potential risks and calling out red flags to key partners.
- Evaluate and grant exceptions to customer credit limits and terms where warranted.
- Prepare recommendations for increasing or decreasing credit limits based on account holder’s payment history.
- Maintain and report Credit & Collections scoreboard statistics and metrics to Management.
- Maintain a team culture that emphasizes customer service, accountability, quality, continuous improvement, and bias to action while focusing on employee growth and development.
- Personally contact large customers, when necessary, to negotiate new payment terms and/or settlements.
- Send payment demand communications and take legal action pertaining to clients’ accounts.
- Generate reports as requested by management.
- Consult with appropriate personnel when client credit requests exceed established guidelines.
- Proactively monitor client receivables and set weekly targets for the team to prioritize their collection efforts to drive DSO improvement.
- Own bad debt write-off analysis.
- Maintain effective internal controls
- Manage collections process, develop and track KPIs
- Perform other related duties, as required.
- 5 years of AR/Collections experience in high-volume environments
- 2 year(s) experience in leading Credit & Collections team
- Experience with lien notices and lien filings preferred
- Experience with bond and surety claims preferred
- Proficient negotiation skills
- Ability to perform credit analysis and understanding of financial statements
- Strong analytical skills
- Demonstrated leadership & teambuilding skills
- Strong time management and organizational skills
- Ability to remain professional in confrontational conversations
- Excellent written and verbal communication skills
- Demonstrated ability to work cross functionally with all levels of a company, particularly executive sales management
Bachelor’s degree in Finance, Accounting, or Business Management preferred.
Relocation
This position is not eligible for relocation.
Travel Requirements
None
Work Schedule/Benefits
This position is on-site Monday through Friday.
Moffitt Services offers competitive insurance rates through medical, dental, and vision plans; and a 401(k)-match program.
Equal Employment Opportunity Statement
Job Summary
Full Time
Business Services
$96k-128k (estimate)
05/01/2024
05/12/2024
SPARTA, TN
50 - 100
1989
SHARON MOFFIT
$50M - $200M
Business Services
Related Companies
The job skills required for Credit and Collections Manager include Customer Service, Accounting, Leadership, Verbal Communication, Bond, Organizational Skills, etc. Having related job skills and expertise will give you an advantage when applying to be a Credit and Collections Manager. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Credit and Collections Manager. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Credit and Collections Manager positions, which can be used as a reference in future career path planning. As a Credit and Collections Manager, it can be promoted into senior positions as a Credit and Collections Director that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Credit and Collections Manager. You can explore the career advancement for a Credit and Collections Manager below and select your interested title to get hiring information.
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