Credit Manager
Overview
PURPOSE:
To ensure robust processes around customer billing and collection activities. To partner with business resources to ensure on time accurate customer communication, collection strategies and securing the company's assets and rights. Ensure compliance with company guidelines and metrics.
Responsibilities
Responsibilities:
Demonstrates a commitment to communicating, improving and adhering to safety policies in all work environments and areas.
Establish Billing and Credit processes for consistency across regions
Inform Management of significant Billing or Credit issues
Responsible for the analysis of financial information on new and existing customers to maximize sales and to limit the risk of bad debt loss. Review and evaluate credit applications for approval, establishing credit limits and risk categories. Establish credit limits for customers and monitors orders released by staff.
If required, approve over credit limit to existing customers after conducting analysis to ensure that company exposure is minimized
Oversee the review and process of customer requests for credit, cash application, aging of accounts and collection procedures
Manage the Credit Hold System, prepare and send reports on a timely basis, monitor input from Sales Team
Review NOAD system and reports to assure prompt resolutions
Approve Sales Tax Exemption documents and credits for Sales Tax
Report on accounts receivable balances and delinquency status
Develop collections procedures to reduce days sales outstanding, past due percentages and improve cash flow.
Report on regional Cash Projections
Preserve lien and bond rights on all accounts that present risk of loss
Ensure the prompt turnover of accounts receivable and minimizes the days sales outstanding (DSO) as well as bad debt loss. Interfaces with customers and senior management
Establish credit review procedures for staff to conduct credit investigations through contacting credit organizations, banks and other trade references/reports.
Prepare Bad Debt Reserve Analysis and accrual recommendation and review with Director of Finance and CFO
Approve write off of delinquent debt
Manage the billing process, including billing department personnel
Manager credit collections process, including the credit collect personnel
Manager cash on delivery process, including staff
Prepare State Sales Tax Audit reports and internal audit reports
Prepare annual budget for cash flow and DSO
Establish personnel performance goals, manage appraisal process and review with personnel
RELATIONSHIPS WITH OTHER JOBS
Reporting to the Regional Controller, this is a highly visible position as part of the regional leadership team.
Close coordination required with the regional sales team and shared services functions based in Toronto.
Credit and billing functions are located in the regional businesses to ensure we have close cooperation and coordination with all relevant functions to ensure a smooth business process.
Close liaison with Regional Controller and central Finance team to ensure cash collection forecasting is closely managed
Qualifications
KNOWLEDGE, SKILLS & ABILITIES
Required Education: Bachelor's/University Degree
Additional Education Preferred: Master's/Graduate Degree
Preferred field of study: Business, Accounting or Finance
Other Training/Certifications Required: Association of Credit and Collections Professionals Training/Courses preferred.
Required Work
Experience:
10-15 years
Minimum of 5 years' experience managing people
Must have attention to detail, see the larger impact upon the business, and operate with autonomy
Travel Requirements: Minimal
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
PURPOSE:
To ensure robust processes around customer billing and collection activities. To partner with business resources to ensure on time accurate customer communication, collection strategies and securing the company's assets and rights. Ensure compliance with company guidelines and metrics.
Responsibilities
Responsibilities:
Demonstrates a commitment to communicating, improving and adhering to safety policies in all work environments and areas.
Establish Billing and Credit processes for consistency across regions
Inform Management of significant Billing or Credit issues
Responsible for the analysis of financial information on new and existing customers to maximize sales and to limit the risk of bad debt loss. Review and evaluate credit applications for approval, establishing credit limits and risk categories. Establish credit limits for customers and monitors orders released by staff.
If required, approve over credit limit to existing customers after conducting analysis to ensure that company exposure is minimized
Oversee the review and process of customer requests for credit, cash application, aging of accounts and collection procedures
Manage the Credit Hold System, prepare and send reports on a timely basis, monitor input from Sales Team
Review NOAD system and reports to assure prompt resolutions
Approve Sales Tax Exemption documents and credits for Sales Tax
Report on accounts receivable balances and delinquency status
Develop collections procedures to reduce days sales outstanding, past due percentages and improve cash flow.
Report on regional Cash Projections
Preserve lien and bond rights on all accounts that present risk of loss
Ensure the prompt turnover of accounts receivable and minimizes the days sales outstanding (DSO) as well as bad debt loss. Interfaces with customers and senior management
Establish credit review procedures for staff to conduct credit investigations through contacting credit organizations, banks and other trade references/reports.
Prepare Bad Debt Reserve Analysis and accrual recommendation and review with Director of Finance and CFO
Approve write off of delinquent debt
Manage the billing process, including billing department personnel
Manager credit collections process, including the credit collect personnel
Manager cash on delivery process, including staff
Prepare State Sales Tax Audit reports and internal audit reports
Prepare annual budget for cash flow and DSO
Establish personnel performance goals, manage appraisal process and review with personnel
RELATIONSHIPS WITH OTHER JOBS
Reporting to the Regional Controller, this is a highly visible position as part of the regional leadership team.
Close coordination required with the regional sales team and shared services functions based in Toronto.
Credit and billing functions are located in the regional businesses to ensure we have close cooperation and coordination with all relevant functions to ensure a smooth business process.
Close liaison with Regional Controller and central Finance team to ensure cash collection forecasting is closely managed
Qualifications
KNOWLEDGE, SKILLS & ABILITIES
Required Education: Bachelor's/University Degree
Additional Education Preferred: Master's/Graduate Degree
Preferred field of study: Business, Accounting or Finance
Other Training/Certifications Required: Association of Credit and Collections Professionals Training/Courses preferred.
Required Work
Experience:
10-15 years
Minimum of 5 years' experience managing people
Must have attention to detail, see the larger impact upon the business, and operate with autonomy
Travel Requirements: Minimal
. Apply now!Estimated Salary: $20 to $28 per hour based on qualifications.
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