Credit and Collections Manager
Job Posting for Credit and Collections Manager at The Timken Company
Personal and Professional Growth
Credit and Collections Manager
King Of Prussia, PA, US, 19406
What Timken makes possible begins with you.
Those who came before us helped land a man on the moon, create the world's infrastructure, and introduce renewable energy alternatives. Now you can join the Timken team to write your own unique story and help drive what's next.
Those who came before us helped land a man on the moon, create the world's infrastructure, and introduce renewable energy alternatives. Now you can join the Timken team to write your own unique story and help drive what's next.
A career at Timken means you can have an immediate impact doing Work That Matters to the world— improving the efficiency of today's industrial equipment and preparing for the future of motion on our planet and beyond. New employees can start contributing right away, and there are many opportunities to advance your career at your own pace. Join our global team of 20,000 people in 46 countries, and start helping our customers push the limits of what's possible in their world of motion.
Timken's Philadelphia Gear brand has a current opening at their headquarters in King of Prussia, PA for a Credit and Collections Manager. This position is responsible for leading and overseeing the credit and collections function for the reporting entities under the Timken Power Systems reporting group.
Essential Responsibilities:
- Oversee business account receivable segment collections and credit management/ analysis
- Establish and maintain policies and procedures regarding billing, collections, credit cards, inquiries, and check cashing
- Approve and extend lines of credit to both domestic and international customers
- Work to reduce account delinquency and improve DSO
- Perform daily risk management assessment
- Keep up to date with industry trends and recommend strategic changes for internal processes and 3rd party products
- Review invoicing to make sure consistent with customer PO/contracts
- Authorize special payment terms of sale to minimize risk and maximize cash flow
- Participate in frequent contact with international and domestic customers, sales, and operations to resolve collection issues
- Maintain bank relationships for international transactions
- Provide international customers with necessary information to facilitate payment
- Maintain compliance with government export regulations
- Maintain and reconcile government billings
- Provide functional expertise
- Manage 2 accounts receivable direct reports
- Lead and develop team’s communication skills, productivity, and overall accounts receivable knowledge.
Key Attributes:
- Anticipates internal customers' needs and delivers services or products to meet customers' requirements
- Understands the complexity of the global business environment
- High level oral and written communication skills
- Accomplishes objectives and delivers planned results; is able to get results when unplanned needs or problems occur
- Proactive leader that is able to guide and coach direct reports
- Ability to analyze/ resolve complex issues
- Strong attention to detail
- Effective and timely communication
Basic Qualifications:
- Bachelor's degree in accounting or business-related field with a Minimum of 10 years of collections and billing experience, 12 years preferred
- Experience with letters of credit and other tools to mitigate risk with international credit
- Proficient at multitasking and prioritization for both self and direct reports
- Strong internal customer service skills
- Strong user of Microsoft Office suite, particularly Excel
- Experience working in an ERP system required, knowledge and understanding of EPICOR preferred
All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.
The Timken Company designs a growing portfolio of engineered bearings and industrial motion products that improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $4.5 billion in sales in 2022 and employs more than 20,000 people globally, operating from 46 countries.
Why Choose Timken?
- Over a century of knowledge and innovation
- A culture of top performance
- A global, diverse environment
- Products that contribute to a sustainable world
- A conviction to improve communities around us
- Competitive salary and benefits
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Nearest Major Market: Philadelphia
Job Segment: Accounts Receivable, Bank, Banking, ERP, Collections, Finance, Technology
Salary.com Estimation for Credit and Collections Manager in King of Prussia, PA
$107,743 to $152,279
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