What are the responsibilities and job description for the Director, Global Corporate Credit position at Parker Hannifin?
Position Summary
The Global Director of Corporate Credit is responsible for establishing and leading Parker’s global credit strategy, governance framework, and policy infrastructure in support of a $3.0 billion accounts receivable portfolio. This role provides enterprise leadership for managing receivables risk, protecting the company’s receivable asset, and enabling consistent, compliant, and analytically driven credit practices across global operations.
The position requires a strong executive presence, deep technical expertise in global corporate credit and accounts receivable management, and the ability to influence across a complex global organization. The successful leader will drive transformation through process standardization, technology enablement, analytics, continuous improvement, and talent development while ensuring alignment with Parker policies, internal controls, and Sarbanes-Oxley requirements.
This role acts as a trusted advisor to senior management by providing insight into portfolio trends, customer risk, macroeconomic conditions, working capital impacts, and global receivables performance.
Essential Functions
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century, we’ve enabled engineering breakthroughs that make energy cleaner, transportation safer, medical treatments more effective, and manufacturing more efficient.
With empowered team members in more than 40 countries, Parker serves customers across aerospace & defense, energy, HVAC & refrigeration, in-plant & industrial equipment, off-highway and transportation.
Our scale is global, but our purpose is personal. We enable breakthroughs that improve lives, strengthen communities and create a brighter future.
Our Purpose — Enabling Engineering Breakthroughs that Lead to a Better Tomorrow — comes to life through our people-first culture where teamwork drives performance, inclusion fuels innovation and growth is encouraged. This environment fosters collaboration and empowers team members from engineering and manufacturing to finance, supply chain, human resources, information technology and beyond.
By combining deep expertise with an entrepreneurial spirit, we help customers succeed in markets that demand performance, reliability, and sustainability.
As we look to the future, Parker is advancing initiatives in energy efficiency and sustainability while developing the next generation of talent and leaders to engineer a better tomorrow.
Equal Employment Opportunity
Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.
(“Minority / Female / Disability / Veteran / VEVRAA Federal Contractor”)
If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission
The Global Director of Corporate Credit is responsible for establishing and leading Parker’s global credit strategy, governance framework, and policy infrastructure in support of a $3.0 billion accounts receivable portfolio. This role provides enterprise leadership for managing receivables risk, protecting the company’s receivable asset, and enabling consistent, compliant, and analytically driven credit practices across global operations.
The position requires a strong executive presence, deep technical expertise in global corporate credit and accounts receivable management, and the ability to influence across a complex global organization. The successful leader will drive transformation through process standardization, technology enablement, analytics, continuous improvement, and talent development while ensuring alignment with Parker policies, internal controls, and Sarbanes-Oxley requirements.
This role acts as a trusted advisor to senior management by providing insight into portfolio trends, customer risk, macroeconomic conditions, working capital impacts, and global receivables performance.
Essential Functions
- Set the global vision and strategic direction for Parker’s Corporate Credit Processes and Policies, ensuring consistent governance, effective controls, rigorous testing, and enterprise-wide compliance across the function.
- Lead the ongoing evaluation and transformation of global credit operations, driving continuous improvement, standardization of best practices, process efficiency, and scalable tools that enable consistent execution across the enterprise.
- Lead the global credit management strategy, including approval of credit limits within delegated authority, proactive risk assessment, and mitigation strategies that protect the company’s receivables portfolio and support profitable growth.
- Provide executive oversight of global accounts receivable operations, including collections, cash application, claims, and dispute management, to optimize cash flow, strengthen controls, and improve working capital performance.
- Advance Parker’s Win Strategy by aligning global credit priorities with enterprise objectives, influencing business outcomes, and directly leading initiatives that strengthen growth, cash flow, risk management, and operational performance.
- Provide senior-level review and guidance on complex or marginal credit decisions for new and existing customers, proactively identifying risk and implementing strategies to reduce delinquency exposure and minimize bad debt losses.
- Effective collaboration with internal customer facing teams such as sales and marketing to develop and execute credit strategies that support business growth objectives while managing risk.
- Represent Parker in professional credit associations and industry forums to benchmark global credit practices, identify emerging trends, expand professional networks, and bring forward best-in-class approaches to strengthen the function.
- Assess global economic conditions, customer trends, industry dynamics, and portfolio risks, and translate insights into clear, actionable guidance for executive leadership and key business stakeholders.
- Deliver timely, relevant financial and customer intelligence to corporate management to support informed decision-making, risk evaluation, and business strategy execution.
- Evaluate, champion, and implement innovative technologies, systems, analytics, and business practices that enhance global credit performance, improve efficiency, and strengthen risk management capabilities.
- Lead enterprise-level reporting for key stakeholders, providing meaningful visibility into credit metrics, portfolio performance, customer risk, business trends, and macroeconomic impacts on Parker’s receivables position.
- Ensure receivable reserves and accruals are appropriately established, reviewed, and maintained in compliance with policy, including bad debt, aged and disputed receivables, returns, and allowances.
- Champion the development of training, education, and capability-building programs that strengthen technical expertise, leadership effectiveness, and continuous learning across the global credit organization.
- Ensure effective internal controls, governance, and compliance with Parker corporate policies and Sarbanes-Oxley requirements, including oversight of testing, issue resolution, and sustained control effectiveness.
- Bachelor’s degree in accounting or finance. Master’s degree in business administration or related advanced degree is preferred.
- Minimum 10 years management experience in corporate credit with a global industrial co.
- Strong financial acumen
- Broad trade finance and international credit experience
- Demonstrated analytical and project management skills
- Excellent written and oral skills
- Advanced skills with Microsoft Office and other software applications
- Willingness and ability to travel domestically and internationally
- Proven track record of delivering results
- Strong business leader that includes innovative thinking and a change management driver
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century, we’ve enabled engineering breakthroughs that make energy cleaner, transportation safer, medical treatments more effective, and manufacturing more efficient.
With empowered team members in more than 40 countries, Parker serves customers across aerospace & defense, energy, HVAC & refrigeration, in-plant & industrial equipment, off-highway and transportation.
Our scale is global, but our purpose is personal. We enable breakthroughs that improve lives, strengthen communities and create a brighter future.
Our Purpose — Enabling Engineering Breakthroughs that Lead to a Better Tomorrow — comes to life through our people-first culture where teamwork drives performance, inclusion fuels innovation and growth is encouraged. This environment fosters collaboration and empowers team members from engineering and manufacturing to finance, supply chain, human resources, information technology and beyond.
By combining deep expertise with an entrepreneurial spirit, we help customers succeed in markets that demand performance, reliability, and sustainability.
As we look to the future, Parker is advancing initiatives in energy efficiency and sustainability while developing the next generation of talent and leaders to engineer a better tomorrow.
Equal Employment Opportunity
Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. However, U.S. Citizenship, Permanent Residency or other appropriate status is required for certain positions, in accord with U.S. import & export regulations.
(“Minority / Female / Disability / Veteran / VEVRAA Federal Contractor”)
If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to Employees & Job Applicants | U.S. Equal Employment Opportunity Commission