What are the responsibilities and job description for the Manager of Credit position at Sumitomo Electric Lightwave?
Description
Position at Sumitomo Electric Lightwave Corp.
Job Title: Manager of Credit
Reports To: VP
Credit/Risk Job Functions
Position at Sumitomo Electric Lightwave Corp.
Job Title: Manager of Credit
Reports To: VP
Credit/Risk Job Functions
- Approve/assign credit limits
- Approve/assign risk classifications
- Coordinate monthly AR reviews and complete watch list reports
- Credit review and analysis of new and existing accounts
- Identify and closely monitor high risk customers
- Manage credit bureau/information resources
- Manage customer and AR portfolio risk in accordance with goals and objectives
- Negotiate alternative selling terms/arrangements
- Participate in credit industry group meetings
- Approve legal and third-party collections as appropriate
- Communicate and enforce terms of sale and take collection action as needed
- Communicate with sales and customers in respect to credit holds
- Maintain credit/collection records and files in a secure environment
- Manage legal files and bankruptcies, including directing the efforts of attorneys
- Oversee dispute resolution process
- Determine, implement and manage department structure and objectives
- Work closely with accounting to ensure all payments are applied and recorded
- Coordinate all deduction resolutions
- Establish written policies/procedures
- Prepare and monitor credit department budget
- Generate AR management reports including analysis
- Generate weekly, monthly, quarterly, and yearly reports
- Communicate credit strategy through written, verbal and formal presentation to management
- Balancing customer credit risk and business opportunities to optimize profits while maintaining great customer relations
- Dealing with sensitive issues involving key accounts (NDA’s, financial statements, etc.)
- Improving AR portfolio performance
- Interacting with other internal functions for mutual benefit
- Monitoring/benchmarking industry & peers to identify competitive opportunities/shortfalls
- Dealing with customers in high conflict situations
- Balancing daily activities against strategic goals
- Efficiently managing day-to-day tasks and multiple priorities
- Work with little supervision
- Ability to recommend alternative selling terms/arrangements
- Ability to protect confidential information for customers and internally
- Supports auditors (internally and externally
- College degree in Finance or Accounting.MBA a plus
- NACM/ICCTF Certifications (CCE) a plus
- Experience working with different ERP Systems, Microsoft D365 a plus
- Knowledge of creditor rights & bankruptcy law
- Good knowledge of credit and collection automation tools
- 5-10 years commercial credit management experience with a large company
- Strong PC skills - word processing/spreadsheets
- Strong organizational skills
- Strong communication skills (oral and written)
- Self-motivator-ability to work with little supervision
- Excellent negotiation skills
- Strong ability to analyze financial statements
- Ability to handle multiple tasks simultaneously
- Good knowledge of UCC filings
- Thorough understanding of marketing programs and sales plans
- Proven leadership skills