What are the responsibilities and job description for the Credit Manager position at On-Board Companies?
Direct Hire Opportunity
Hybrid ScheduleUnder company’s policy, manages overall credit matters for domestic and foreign customers.
Designs and implements processes to improve cash flow, reduce receivables portfolio and control global business risks.
Manages the team that sets up customers, establishes credit limit, monitors collection status of receivables, and communicates internal stakeholders.
Also responsible for all receivable, credit and collections topics with regards to customers.
Key point of contact for financial instruments in the service of payments and collections. Responsible to keep our Accounts Receivable risk and bad debt balance in line with company objectives.
ESSENTIAL DUTIES and/or RESPONSIBILITIES:
- Implement best practice of credit management, monitor practices based on company’s policy. Maintain data visibility of credit and receivables. Responsible for clear communication of credit and collections status to appropriate levels of management and sales team.
- Reduce risk of bad debt by setting appropriate credit limits and enacting firm collection procedures, despite a challenging international landscape with competing internal and external forces.
- Reviews and manages the customer credit line and risk profile, including both local and international customers. Ensures that the company stays aligned with our risk profile and objectives in both new customer setup and existing customer review.
- Evaluate credit and collections process in order to make improvement proposals to meet company objectives, and be responsible for implementing those improvements.
- Ensures that the shipment of product is in line with our credit guidelines, and responsible to create the necessary policies and reporting structures to ensure this control is working effectively.
- Oversees revenue recognition policies and practices to be compliant with International Financial Reporting Standards (IFRS) rules.
- Provides financial reports on Accounts Receivable and Collections performance, including receivable forecasting, to management audiences both locally and internationally.
- Manages the financial aspects of financial trade instruments.
- Provides day-to-day leadership to staff including but not limited to recruiting, selecting, orienting, and training employees and developing personal growth opportunities.
- Other duties as assigned.
SUPERVISORY RESPONSIBILITES:
1. Account Receivable AdministratorMINIMUM EDUCATION and/or EXPERIENCE:
- Bachelors degree in Accounting, Finance, Economics or Business Administration
- Masters degree in Business Administration, Finance, Economics, or related field continuing education is a plus
- 10 years of experience in A/R or Credit analysis, or equivalent combination of education and experience
The following are desirable:
KNOWLEDGE, SKILLS and/or ABILITIES:
- Working knowledge of business financial concepts, business law, credit law (bankruptcy, antitrust, lien), financial trade instruments (letters of credits, insurance), and business contracts in a global setting.
- Strong ability to interpret financial statements and identify credit risks at a multi-national level company.
- Strong interpersonal skills and establish positive, productive relationships and influence customers to comply with the organizations’ credit terms including accounts receivables, collections or customer service methods/practices. Ability to speak effectively across global environments.
- Solid verbal and written English communication skills to read and comprehend moderately complex instructions, procedures and correspondences of education or experience.
- Strong planning and organizational skills and follow through with an ability to work in a fast-paced environment.
- Strong ability to handle sensitive confidential information in completing assignments.
- Ability to hire, train, develop, evaluate, lead and direct work and discipline staff, taking corrective action as necessary on a timely basis and in accordance with company policies and Federal, State and local regulations.
- Advanced use of computers and Microsoft Office Suite Applications such as Word, Excel, Power Point, Outlook and JD Edwards as well as other accounting and/or financial software applications such OBI reporting.
- Proficient in prioritizing work to meet deadlines, and multi-task while maintaining flexibility in a fast-paced manufacturing team environment while working in accordance to Business Conduct Guidelines.
- Work independently and foster a cooperative spirit within a large and/or small team of diverse cultures, and leading team members to do the same.
- Bilingual or multi-lingual in languages frequently used within the Group of Companies a plus.
The following are preferred:
CERTIFICATES and/or LICENSES:1. Credit Business Fellow, a plus
PHYSICAL DEMANDS and/or WORK ENVIRONMENT: (Typical physical demands and the work environment characteristics an employee must meet and encounter while performing the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)
- Position works in an office environment involving prolonged sitting in front of a computer workstation.
- Ability to work under demanding requirements and hard deadlines (e.g. product deliverables).
- Must be able to work extended hours per the demands of the business especially for month-end closing.
- Work location is Lakewood office.
- Communication with offices in different time zones and across cultures requires flexible availability (possibly early morning or late night) and strong interpersonal skills.
The above statements are intended to describe, in broad terms, the general functions and responsibility levels and characteristics of positions assigned to this classification. They should not be viewed as an all-inclusive list of duties and responsibilities. Management has the right to change duties at any time to meet business needs.
On-Board Companies provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, religion, sex, national origin, age, disability or genetics.
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