Credit & Collections Manager

Company Description

Current has completed the acquisition of Hubbell® Incorporated’s commercial and industrial (C&I) lighting business, creating a premier end-to-end lighting solutions business. This brought together two iconic businesses with deep innovation heritage, strong brands and application expertise and allows Current to be strategically positioned to now focus all investments into lighting and controls solutions. We have an enhanced distribution footprint and digital tools to service customer needs more easily, quickly and efficiently, and strong new product pipelines and shared patented technologies to deliver added value to customers. Primary office locations are Cleveland, OH and Greenville, SC, with centers of expertise locations in Austin, TX, Rolling Meadows, IL and Quebec, Canada. Manufacturing operations reside in Hendersonville, NC, Pittsburgh, PA, Plympton, MA, Christiansburg, VA, Acuna, MX and Tijuana, MX.

Job Description

The Credit and Collections Manager will be responsible for providing leadership to the Accounts Receivable and Credit Teams in Beachwood, OH and Greenville, SC. The position will report into the Shared Services Leader. The Credit Manager is responsible for adhering to all Credit & Collection Standards, in addition to the investigation of customer financial credit risk, assessing credit history, and extension of credit lines.

This role will be required in office 3-4 days/week in Greenville, SC.

Finance and Accounting Leadership:   

• Manage Accounts Receivable teams in Beachwood, OH and Greenville, SC in the areas of cash, collections, credit, and risk.
• Design and implement various processes to improve cash flow and reduce receivables.
• Responsible for collection of past due customer invoices, preparation of collection letters, final demand letters and execution of service suspensions on past due accounts.
• Maintain quality control/satisfaction records, constantly seeking new ways to improve customer service and the AR Credit & Collections process and reduce collection cycle times (DSO).
• Interpret customer financial information and credit reports to determine credit worthiness, periodically reviewing and adjusting customer credit limits as needed.
• Manage account reconciliation with team by supporting the resolution of unapplied payments, short paid invoices, and disputes.
• Prepare A/R reporting and communicate collections issues to senior management.
• Ability to work effectively in a cross functional team; demonstrated ability to partner with other departments to enable growth while managing overall receivables exposure.
• Strong process capabilities: ability to apply innovative approaches toward minimizing bad debt exposure and achieve reduction in DSO.
• Excellent analytical skills and knowledge of collections, credit, accounting, and financial principles.

Team Leadership

• Leverage strength of current finance team member, assisting in clarifying roles and responsibilities.
• Develop and implement training programs, and work with team members.
• Communicate policies, procedures and concerns across the organization as needed.

   

Qualifications

The desired candidate will be well versed in Accounts Receivable and Accounting Principles. The Credit and Collections Manager will have a solid foundation to research technical matters and arrive at GAAP compliant recommendations and implement as needed.  The candidate will have integrity, credibility, and unwavering commitment.  A proactive, hands-on manager who will partner with the Assistant Controller, Global Controller and Shared Services Leader to improve the Accounting and Shared Services operations.

• Bachelor’s degree in Accounting
• CPA and/or MBA preferred
• SAP experience required
• 8 years professional experience in accounting and/or finance
• Shared Services management preferred
• Management experience required
• GAAP and IFRS knowledge required
• Industry and public accounting experience preferred

Compensation

The position has a compensation package inclusive of base, bonus (if eligible), benefits, 401k contribution, time off, recognition awards and more.  This salary range is $110,000-$135,000. 

Benefits and Perks

The Highlights:

All around competitive culture where together we strive to:

• Approach each day with a tenacious curiosity
• Communicate openly and honestly- internally and externally
• Work hard, take risks, fail fast…learn and move on
• Embrace diversity and welcome opposing thoughts
• Empower and develop each other
• We have an open and inclusive culture where you’ll learn and grow through programs and resources like:
  • Quarterly company all employee meetings
  • Management and Leadership development
  • Initiatives and special projects with executive leadership exposure
  • Access to top-notch learning courses through LinkedIn Learning
  • Regular manager check-ins to drive performance and career growth

Our more standard benefits

• Full-time exempt roles have a Permissive Time Off Policy, giving you flexibility to rest, relax and recharge away from work
• Paid Company Holidays
• A comprehensive benefits plan including medical, dental, life, vision, disability, and life insurance
• 401(k) retirement program with a fully vested immediate company match
• Flexible Spending Account options for pre-tax employee allocations

Additional Information

Current is an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status, or any other basis covered by law. All employment is decided on the basis of qualifications, merit, and business need.  At Current, we are Always On and working to improve lives with the industry's most expansive portfolio of sustainable advanced lighting and intelligent controls that reliably meet our customers' needs. Learn more at CurrentLighting.com