Senior Credit Manager Jobs

JOB SUMMARY: Directs all credit & collections activities for the Division in accordance with the established policies, practices and procedures of the Parent Company resulting in maximum sales, sound receivables and their prompt conversion to cash.

ESSENTIAL FUNCTIONS:

• Obtains supervisory approval for acceptance of notes, compromise settlements, partial payments, time extensions, and the writing off of uncollectible accounts.
• Performs other job duties as assigned by supervisor.
• Reviews terms and conditions of contracts and Labor Material Payment Bonds; consults with supervisor concerning unusual terms; consults with supervisor on complex problems and issues involving policy decision.
• Prepares and submits periodic operating reports to supervisor on the status of receivables.
• Consults with supervisor and appropriate management on complex collection situations.
• Carries out established programs for controlling the credit function.
• Systematically reviews and collects receivables on a regular basis, ensuring accounts are in reasonably sound condition.
• Handles collection correspondence.
• Checks balances monthly, taking steps to prevent past-due accounts; takes action on delinquent accounts; prepares files of difficult cases for V.P. Credit.
• Has full authority within approved policies, procedures, standards, and defined limits on credit matters within the designated area of responsibility. Deviations are subject to approval from higher authority, but the Credit Manager's judgment frequently influences decisions.
• Takes appropriate action on collection irregularities (payment discrepancies, unearned discounts), adjustments (shipment errors, etc.), and customer complaints and inquiries.
• Supervises the processes and procedures related to recorded contracts, use of collateral, insurance claims, lien instruments, etc.
• Represents the company at creditor's meetings and customer bankruptcy proceedings.
• Other responsibilities include: interviewing, hiring, training employees; planning, assigning and directing work. Appraising performance, addressing complaints and resolving problems.
• Establishes credit lines for individual accounts and makes all credit arrangements on a project to project basis. Verifies and applies construction lien procedures for the state in which project is being built.
• Maintains a positive work atmosphere by communicating in an effective manner with customers, co-workers, clients and supervisors. In addition, must maintain effective relationships with financial institutions, credit sources and the trade.
• Analyzes requests for credit to determine information and security needed; performs investigation personally or through agency; extends or denies credit in accordance with established Company policy and terms.
• Arranges for forced collections, the filing of suits or bankruptcy claims and provides complete information to representatives.

REQUIREMENTS:

• Training in credit management and collection
• Effective oral and written communication skills
• Computer skills to include: MS Excel and Word
• Must be familiar with lien and bond laws.
• Associates Degree (AA) in finance or business administration and two - five years of experience and/or training or the equivalent combination of education and experience.
• Familiarity with construction contract forms and applications for payment.