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  • ID
    #4479034
  • Job type
    Full-time
  • Salary
    TBD
  • Source
    Associated Materials
  • Date
    2020-07-31
  • Deadline
    2020-09-29
 
Full-time

Vacancy expired!

Job Description

JOB TITLE: Director of Credit – Eastern US

SUMMARY: Position reports to the Vice President, Finance &Treasury and will oversee the credit and collections functions for accounts in the Eastern United States. They will partner with the operational, financial, and commercial leadership to execute best practice strategies to create metrics and enhance policies and procedures with the overall goal of improving cash flow and lowering bad debt. This role will also lead their team in continuous improvement, customer focused improvement opportunities.

OBJECTIVES:

  • Develop and implement credit policies and collections processes that ultimately result in improved cash flow and lower bad debt with an appropriate balance to sales.
  • Maintain & enhance key performance metrics for the corporate credit function to measure, monitor, and drive improvement in credit extension & collection efforts and the establishment of a continuous improvement culture.
  • Identify and implement organizational, process, and systemic enhancements to improve the effectiveness of the credit department.
  • Assist in the development of Company-wide process improvements to handle disputed A/R balances.
  • Lead and develop team of Regional Credit Managers.

DAY-TO-DAY RESPONSIBILITIES:

  • Lead a team of Regional Credit Managers and work in close collaboration with peers in functions across the business, particularly in Distribution Operations and Sales, to ensure that customer credit and collection processes are effectively developed and enforced.
  • Assess the creditworthiness of (potential) customers and advise credit limits per customer.
  • Ensure customer exposure remains within the approved credit limits reasonable norms. Manage order holds/releases effectively, using sound judgment in non-standard situations.
  • Maintain visibility to our larger customers’ creditworthiness by means of periodic credit reviews.
  • Participate in collection efforts on high priority or high complex open A/R. Liaise between customer and management to resolve disputes on amounts owed.
  • Collaborate with key internal stakeholders to ensure the collectability of accounts and if needed determine the appropriate reserve for bad debt expense.
  • Oversee initiation and coordination of legal action on all matters pertaining to the collection of account receivables.
  • Special projects as needed and other duties as assigned

KEY RELATIONSHIPS:

  • Sales and Operations Managers
  • Customers / Dealers
  • ROVPs, RSVPs, and Senior Management
  • Corporate Accounting, Finance, and Legal

Qualifications

EDUCATION AND EXPERIENCE:

  • A four year degree in business required along with seven plus years of prior experience preferably in the manufacturing or distribution industry.
  • Proven track record of minimizing collection risk and bad debt by establishing effective credit and collection processes, thus reducing A/R delinquency and improving cash flow.
  • Demonstrated sound knowledge of credit and collections
  • Ability to effectively manage, lead and motivate other personnel while influencing change at all levels within the organization.
  • Excellent communication (verbal and written), strong interpersonal, negotiation and management skills, and strong business acumen
  • Proficiency in Microsoft Office, Excel, PowerPoint, and Word required

Additional Information

All your information will be kept confidential according to EEO guidelines.

Recruiters: Please note that Associated Materials, Alside and any of its affiliated companies does not seek or accept unsolicited resumes or offers of recruiting service associated with any published or unpublished employment opportunities. Any unsolicited information sent to AMI or any of its employees will be considered as unencumbered and free from any fee or charge whatsoever. Only members of our Human Resources Team have authority to engage or authorize recruiting services. Any questions regarding recruiting services of any kind must be sent to jobs at associatedmaterials dot com

#Indeed - Associated

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