Mortgage Credit Manager manages a group of mortgage credit supervisors and monitors application procedures to ensure assignments meet established processes/standards. Oversees analysis of current, new and renewed residential loans. Being a Mortgage Credit Manager provides recommendations for improvement to top management. Requires a bachelor's degree. Additionally, Mortgage Credit Manager typically reports to head of a unit/department. The Mortgage Credit Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Mortgage Credit Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)
Our company
English Riding Supply LLC is a leading distributor of equestrian products for the horse and rider. With over 55 owned and distributed brands, ERS is a unique organization with opportunities for growth in an omni-channel business. Under new ownership in 2022, ERS has aggressive growth goals and is creating a culture of highly collaborative, engaged teams to drive success.
The role
We are currently seeking a Credit and Collections Manager to join our growing team. The individual will report to the company’s VP of Finance and will be responsible for effectively managing Accounts Receivable portfolio risk, ensuring timely payment from customers, and supporting internal business partners (sales, general accounting, customer service).
Key responsibilities
· Drive Days Sales Outstanding improvement.
· Master the accounts receivable systems and ERP sub-ledgers, and continuously improve knowledge of system capabilities.
· Develop and analyze collection and accounts receivable reports.
· Manage the accounts receivable process ensuring accurate, efficient, and timely invoicing and payment application.
· Collaborate with wholesale customers to address billing inquiries and resolve payment discrepancies in a timely, professional manner.
· Mitigate credit risk for assigned portfolios through effective collection strategies and management of delinquent customer accounts.
· Communicate discrepancies to management team, identify slow-paying customers, and recommend collection candidates.
· Maintain accurate and up-to-date records of all collection activities related to accounts.
· Support the customer onboarding process, annual audit, and bank reconciliation processes.
· Develop and strengthen working relationships with business partners and peers.
· Assist in streamlining the accounts receivable process by identifying areas for performance improvement.
Skills and Experience:
· Proven track record of successfully reducing outstanding receivables and improving cash flow.
· Proficient in using accounting software and MS Excel.
· Minimum of 4 years of experience as an Accounts Receivable Specialist, preferably in a wholesale environment.
· Bachelor’s degree preferred.
· Understands general ledger accounting and processes.
· High level of professional accountability and attention to detail.
· Self-motivated and collaborative.
Compensation and benefits details
· Salary (exempt employment)
· Bonus – eligible for discretionary bonus tied to individual and company performance
· Health, dental, and vision insurance
· 401(k) with employer match
· PTO and paid holidays
Job Type: Full-time
Benefits:
Weekly day range:
Work setting:
Ability to Relocate:
Work Location: In person
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