Description

Looking for a job with an exciting new company that truly puts people before profit? Look no further! iXsystems is a bootstrapped, Silicon Valley company that builds free Open Source software and is expanding its presence in Maryville, Tennessee. We make work fun with things like company team-building events, complimentary food and drinks in the lounge, and a laid-back and flexible atmosphere that allows creativity to thrive. We are big on promoting from within and opportunities to move up in the company are everywhere for high-performers that want to take their careers to the next level.

The primary goal for the credit and collections department is to contribute to the success of sales and to turn open invoices into cash, increasing cash flow while mitigating credit risk.

Job Responsibilities

• Develop a financial services function responsible for managing credit and accounts receivables and cash totaling over $100M annually; 2,000 customers. 
• Responsible for new customer onboarding, assessing financials, credit scoring model, websites, and trade references to set an annual credit line, 
• Implement cash forecasting
  Establish and maintain rapport with customers that is conducive to strengthening their relationships with iXystems.
• Reposition credit authorization from transactional to annual credit lines.
• Proactively conduct annual account reviews and credit line updates. Quarterly, provide Sales with lists of dormant accounts.
• Work collaboratively with Sales, Supply Chain and Production Planning. Formalize a successful, effective suite of cross-functional processes
• Understand the sales initiatives by region, product line, channel, and customer type to ensure adequate credit lines.
• Perform the three-way match between customer quotes/purchase orders and sales orders and invoices.
• Evaluate billings and payment information to ensure compliance with billing terms in accordance with our virtual close process.
• Develop and Implement incentives and morale-building activities for staff.
• Direct monthly accounts receivable/credit activity reporting, problematic accounts, and allowance for bad debt for the Chief Financial Officer. 
• Define and maintain a bad debt ratio to the benchmark of less than 5% of annual gross revenue, with quarterly assessments and updates.
• Evaluate team skillset and align responsibilities accordingly. Ensure team members are high-performance players whose values are consistent 
• the core values of our company
• Define and maintain a bad debt ratio to the benchmark of less than 5% of annual gross revenue, with quarterly assessments and updates.
• Implement ongoing training and education 
• Develop a policy to minimize customers unilaterally extending payment terms beyond their original agreed-to terms.
• Lead Bridge Bank lockbox and checking services integration to ERP (SAP Business by Design) to improve process efficiency
• Responsible for maintaining Credit and Collection policies and procedures, including escalation, credit hold, and release.

Requirements

• BS or BA in Business Administration plus seven years of credit experience
• Expertise in deploying alternative credit instruments
• Outgoing enjoys working with people and collaboratively resolving issues for both external and internal customers.
• Decisive, comfortable taking “smart risk” and owning accountability...
• International credit experience
• Leasing program

Skills

• Advanced Microsoft Excel Skills

• SAP (Business by Design)

• Financial & Contract Negotiations

• Credit Risk Analysis

• Regression Analysis/Sales Forecasting

• Operations Strategy & Leadership

• Bankruptcy & Collections’ Law

• Google Suite, Slack & Jira

 So what are you waiting for? Let’s join forces and spread the word about Open Source software. Send us your resume and apply, and we’ll reach out to you so we can tell you more about the opportunities at iXsystems. We look forward to hearing from you!