Credit & Collections Manager
Location: Corporate Headquarters- Piscataway, NJ
The Credit & Collections Manager/Specialist will be responsible for managing the credit and collection functions, verifying credit, overseeing invoice collections and cash applications, deductions and chargeback resolution. This position will manage the account receivables team.
The ideal candidate for this position will have relative work experience finance and accounting procedures, sound communication skills, have a passion for business, and able to problem solve by applying analysis. If you live a commutable distance from Stamford (Corporate Headquarters), enjoy working in excel, are a team-player, and are self-motivated, we want to talk to you.
Position Responsibilities:
Direct and manage the Credit /Collections function extending credit to existing and new customers:
Review financial statements to determine customer's credit worthiness.
Keep management and sales informed of any changes/challenges concerning stability of our customers.
Work with Global Credit Services, Dunn & Bradstreet, various collections agencies, attorneys and courts for accounts in financial distress or those who have filed bankruptcy.
Determine risk /amount of credit, extending credit to new and existing customers.
Minimize bad debt and risk, and cash forecasting and cash collections while reducing past aging to minimize loss.
Supervise Accounts Receivable function
Oversee invoice collections, cash applications, deductions and chargeback resolution.
Track monthly DSO (Days Sales Outstanding):
Manage the Cash Forecasting based upon Sales Forecast: Update the cash forecast duties.
Provide weekly Cash Flow report to the Chief Financial Officer.
Other duties as assigned.
Position Specific Requirements:
Ability to identify the "correct" problems, understand the true causes, and provide analysis using the right tools
Ability to facilitate discussions bringing together the leaders for corrective action
Ability to facilitate a clear vision, patience and persistence, ask tough questions, lead by example, and build strong relationships
5-7 years minimum of demonstrated competence in managing credit and collections team in the durable goods industry.
Experience with current credit laws and regulations.
Knowledge of business and accounting processes.
Experience in assessing portfolio/customer risk and establishing appropriate credit limits
Proven analytical ability and mathematical ability.
Ability to lead, influence, and to arrive at consensus for financial results: ability to apply innovative approaches.
Excellent presentation skills with the ability to translate analytics and company goals to strategic planning and action steps for sales teams and executives.
Comprehensive understanding of the financial markets.
Bachelor's Degree (BA/BS) from an accredited college / university in relevant discipline.
Salary Range: 100-125K + 10-15% Bonus
Contact
Janelle Razzino
Razzino Associates, Inc.
220 Kinderkamack Road, Suite E-1
Westwood, New Jersey 07675
O -201-722-3111
F - 201-722-3113
M- 201-925-6086