Manager of Credit
Sumitomo Electric Lightwave, Raleigh, NC, United States
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
#J-18808-Ljbffr
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
#J-18808-Ljbffr