Credit Manager

Assisting with managing the credit department by managing the company’s credit exposure - working with various locations, staff, and customers on credit related issues, assisting with the design and implementation of processes to improve cash flow and reduce receivables, minimizing bad debt write-offs, preparing various reports, completing analysis of information, servicing internal and external customers, and maintaining a good working knowledge of significant customers.

• Working knowledge in reading/interpreting financial statements for the purpose of underwriting credit.
• Assist with all credit functions, according to policies, from obtaining credit application and financials to the compilation of the credit file for the production of workflows for approvals, communicating the approvals and rejections.
• Monitor, manage, and report on Accounts Receivables for over limit and past due balances; working with managers for solutions.
• Complete annual and/or semi-annual reviews on account according to credit limits.
• Work with management on credit projects for board approved customers and customers over specified amount (currently 2 million dollars).
• Maintain master credit file spreadsheet with all customer financial information; coordinate entry of credit limits in multiple software systems and ensure allocations balance.
• Maintain business line application pipeline to assist sales staff; log all reviews, new customers, and credit line increases.
• Review portal for accounts over approved credit limit.
• Identify risk associated with authorizing additional credit to customers.
• Support sales with balanced risk management.
• Negotiate payment plans, as needed.
• Monitor high-risk customers.
• Monitor alerts from DNB and Bankrupt Debtor Daily Report, communicate with appropriate managers.
• Prepare various reports, distribute to management and/or sales staff as needed/requested; provide report to third party credit groups (i.e. NACM, DNB, CRM, etc.).
• Perform related work, such as set up new customer accounts, scanning files, and maintaining electronic credit files.
• Maintain knowledge and understanding of the Credit Document Warehouse, including scanning, uploading and editing documents in the warehouse.
• May assist with management/supervision and coaching of assigned staff, including hiring, scheduling, promoting, performance related issues, and firing; as applicable.

Education

Bachelor’s Degree in Finance, Accounting, Business Management or related field, or equivalent combination of education, experience and training.

Experience

3 years’ experience in credit management OR equivalent combination of training and experience OR willing to train someone with knowledge in reading/interpreting financial statements for the purpose of underwriting credit.

Helpful: Excellent knowledge of credit reporting agencies, including D&B and Equifax.