What are the responsibilities and job description for the Credit Manager position at Southwire and Careers?
A leader in technology and innovation, Southwire Company, LLC is one of North America’s largest wire and cable producers. Southwire and its subsidiaries manufacture building wire and cable, utility products, metal-clad cable, portable and electronic cord products, OEM wire products and engineered products. In addition, Southwire supplies assembled products, contractor equipment, electrical components, hand tools and jobsite power and lighting solutions. The company also offers digital solutions including contractor planning and utility grid resiliency as well as field services including cable testing, rejuvenation and replacement to support our customers as a value-add partner. We are proud to offer competitive compensation, employee benefits, tuition reimbursement and unlimited growth opportunities. Our more than seven decades of progressive growth can be attributed to our determination to developing innovative systems and solutions, exercising environmental stewardship and enhancing the well-being of the communities in which we work and live. How will you power what’s possible?
Job Summary
Assesses the creditworthiness of prospective and existing customers to minimize financial risk to the organization. Negotiates payment terms and advises on the collection of overdue bills, taking appropriate actions to recover payments. Develops and implements strategies to maintain effective credit and collection practices while safeguarding the organization's financial health.
Key Responsibilities
- Manage the Credit department operations, ensuring effective and efficient delivery of services and mitigation of credit risk through deployment of credit strategy.
- Develops departmental strategies and plans aligned with organizational goals to improve the credit management function, reduce risk, and ensure timely collections. Adapts departmental plans to address resource constraints and operational challenges.
- Establishes and maintains credit policies and procedures that align with business goals, while ensuring compliance with legal and regulatory requirements. Makes recommendations for adjustments to policies based on changing business needs or market conditions.
- Assesses customer credit risk and determines credit limits, payment terms, and conditions for new and existing customers. Ensures proper evaluation of financial data to make informed decisions about credit approvals and collections.
- Monitors accounts receivable aging and identifies problematic accounts, ensuring timely follow-ups and collections to maintain healthy cash flow. Coordinates with other departments to resolve any outstanding issues affecting payment cycles.
- Collaborates with internal and external stakeholders (e.g., sales, finance, legal teams) to evaluate and discuss credit risk, customer financial status, and collection strategies. Provides guidance on complex issues or disputes related to credit and collections.
- Implements tools and systems to improve credit management processes, optimizing the evaluation, approval, and collection of outstanding invoices. Evaluates performance metrics, identifies inefficiencies, and recommends improvements to streamline operations.
- Review and assess credit line applications, credit increase requests, and perform credit risk assessments promptly.
- Drive continuous process improvement within the credit department, ensure compliance to all regulatory laws, policies and processing guidelines are efficient and aligned with business objectives.
- Performs other duties as assigned
- Complies with all policies and standards
Required Education & Experience
Bachelor's Degree
8-11 Years of Experience
Preferred Education & Experience
Master's Degree
12-14 Years of Experience
Spans of Control
Does this role manage Southwire team members: No
Travel
Domestic - Less than 20% of time
Physical Requirements
Moving - 5% of time
Standing - 5% of time
Sitting - 90% of time
Working Conditions
Office
Equipment
Computer/Keyboard
Competencies
Skills
Benefits We Offer:
- 401k with Matching
- Family and Individual Insurance Packages (Health, Life, Dental, and Vision)
- Paid Time Off & Paid Holidays
- Long & Short-Term Disability
- Supplemental Insurance Plans
- Employee Assistance Program
- Employee Referral Program
- Tuition Reimbursement Programs
- Advancement & Professional Growth opportunities
- Parental Leave
- & More
Southwire is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.