Manager of Credit

Accounting Raleigh, North Carolina


Description

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
Collections/Disputes/Recovery Job Functions
  • 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
Management/Reporting Job Functions
  • 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
Challenges:
  • 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
Qualifications:
  • 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