IPG Photonics
Credit & Collections Manager - Oxford, MA
IPG Photonics, West End-Cobb Town, Alabama, United States
Job Description
IPG Photonics is revolutionizing the laser industry as the pioneering developer and leading producer of fiber lasers and amplifiers. Headquartered in Marlborough, MA, IPG has over 4,800 employees in more than 25 locations around the world. We aspire to work together with our employees and customers to apply light in ways that improve life.
Our mission is to develop innovative laser solutions to make the world a better place. To accomplish this mission, we are committed to attracting and retaining the best talent and an engaged and thriving workforce that drives a sustainable future for our company and society.
Working at IPG Photonics you can expect challenging projects, a motivating and friendly environment, and competitive benefits.
Our Credit & Collections Manager is a hands‑on leader overseeing and driving a key function in ensuring we set and maintain proper expectations with our customers on receiving payments for our purchased solutions. This individual and their team work 5 days/week out of our Oxford, MA facility. Their primary responsibilities would include the following:
Responsibilities
Maintain and ensure adherence to the corporate credit and collection policies
Call customers for past due balances
Reconcile customer payment variances and deposits
Supervise Invoicing and Cash Processing Specialists
Measure and report credit and collection goals and objectives with appropriate metrics
Determine credit limits and set up new customers
Conduct credit reviews on customers to adjust credit limits in a timely manner
Monitor credit balances, payment performance and overall customer history to establish credit holds and additional action as appropriate
Handle accounts requiring individual attention, problem accounts and accounts with special arrangements
Identify and propose accounts for further action when collection becomes questionable.
Manage status of accounts placed with a collection agency or lawyer
Drive credit and collection process improvement to decrease past due accounts and DSO
Forecast and track cash collections monthly
Calculate and track DSO by month
Collaborate cross‑functionally with other departments to resolve disputed invoices
Requirements
Bachelor's degree or equivalent experience
7+ years of prior Credit experience
2+ years of leading/managing small credit/collection teams
Experience with Credit and Collection practices (ideally in a manufacturing firm)
Experience negotiating payment plans and terms
Ability to handle difficult situations in a professional manner
Strong organizational and effective time management skills
Excellent communication skills (written and verbal)
Proficient in MS Word, MS Excel
Excellent problem‑solving abilities
Ability to adapt to change on a continuing basis
Location 50 Old Webster Road, Oxford, Massachusetts 01540, United States
Employment Type Exempt
Wage Information MA: $98,083 - $135,355
US Benefits Information Pay Range :
The pay range on this posting applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location posted, the applicable range could differ. Actual starting pay is determined by a number of factors including relevant skills, qualifications, and experience.
Other Compensation : Employees in this role are eligible for additional rewards which could include:
Annual Discretionary Bonus or Sales Bonus as Applicable
Equity awards as applicable
Benefits Provided : All Regular* US employees receive:
Paid vacation time accrued based on years of service
Paid sick time
12 (twelve) Paid Holidays Each Calendar Year
*Prorated for part time schedules
Additional Benefits Offered : IPG also offers access to:
Medical, dental, and vision insurance plans with options for HSA/FSA
Dependent Care FSA
Paid Basic Life and AD&D Insurance
Short-term and Long-term Disability insurance
401(k) plan with Company matching
Employee Stock Purchase Plan (ESPP)
Tuition Reimbursement Program
Employee Assistance Program (EAP)
Adoption Assistance
Pet Insurance
Parental Bonding Leave
Bright Horizons Backup Care
Bright Horizons College Coach
*Must work at minimum, 20 hours/week.
Deadline and How to Apply This job posting will remain active until a candidate is identified and/or the Company rescinds the job posting.
For full consideration, please click on the link to apply.
#J-18808-Ljbffr
Our mission is to develop innovative laser solutions to make the world a better place. To accomplish this mission, we are committed to attracting and retaining the best talent and an engaged and thriving workforce that drives a sustainable future for our company and society.
Working at IPG Photonics you can expect challenging projects, a motivating and friendly environment, and competitive benefits.
Our Credit & Collections Manager is a hands‑on leader overseeing and driving a key function in ensuring we set and maintain proper expectations with our customers on receiving payments for our purchased solutions. This individual and their team work 5 days/week out of our Oxford, MA facility. Their primary responsibilities would include the following:
Responsibilities
Maintain and ensure adherence to the corporate credit and collection policies
Call customers for past due balances
Reconcile customer payment variances and deposits
Supervise Invoicing and Cash Processing Specialists
Measure and report credit and collection goals and objectives with appropriate metrics
Determine credit limits and set up new customers
Conduct credit reviews on customers to adjust credit limits in a timely manner
Monitor credit balances, payment performance and overall customer history to establish credit holds and additional action as appropriate
Handle accounts requiring individual attention, problem accounts and accounts with special arrangements
Identify and propose accounts for further action when collection becomes questionable.
Manage status of accounts placed with a collection agency or lawyer
Drive credit and collection process improvement to decrease past due accounts and DSO
Forecast and track cash collections monthly
Calculate and track DSO by month
Collaborate cross‑functionally with other departments to resolve disputed invoices
Requirements
Bachelor's degree or equivalent experience
7+ years of prior Credit experience
2+ years of leading/managing small credit/collection teams
Experience with Credit and Collection practices (ideally in a manufacturing firm)
Experience negotiating payment plans and terms
Ability to handle difficult situations in a professional manner
Strong organizational and effective time management skills
Excellent communication skills (written and verbal)
Proficient in MS Word, MS Excel
Excellent problem‑solving abilities
Ability to adapt to change on a continuing basis
Location 50 Old Webster Road, Oxford, Massachusetts 01540, United States
Employment Type Exempt
Wage Information MA: $98,083 - $135,355
US Benefits Information Pay Range :
The pay range on this posting applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location posted, the applicable range could differ. Actual starting pay is determined by a number of factors including relevant skills, qualifications, and experience.
Other Compensation : Employees in this role are eligible for additional rewards which could include:
Annual Discretionary Bonus or Sales Bonus as Applicable
Equity awards as applicable
Benefits Provided : All Regular* US employees receive:
Paid vacation time accrued based on years of service
Paid sick time
12 (twelve) Paid Holidays Each Calendar Year
*Prorated for part time schedules
Additional Benefits Offered : IPG also offers access to:
Medical, dental, and vision insurance plans with options for HSA/FSA
Dependent Care FSA
Paid Basic Life and AD&D Insurance
Short-term and Long-term Disability insurance
401(k) plan with Company matching
Employee Stock Purchase Plan (ESPP)
Tuition Reimbursement Program
Employee Assistance Program (EAP)
Adoption Assistance
Pet Insurance
Parental Bonding Leave
Bright Horizons Backup Care
Bright Horizons College Coach
*Must work at minimum, 20 hours/week.
Deadline and How to Apply This job posting will remain active until a candidate is identified and/or the Company rescinds the job posting.
For full consideration, please click on the link to apply.
#J-18808-Ljbffr