Credit Manager
Company Overview:
As one of New England’s leading spirits, wine and beer distributors, Horizon Beverage Group connects a network of makers, retailers and consumers across New England. Now in our fourth generation of family ownership, we employ more than 775 team members throughout Massachusetts and Rhode Island.
Position Summary:
The credit manager will increase company profitability by operating within the guidelines and requirements of the company credit policy. Credit manager will maintain an appropriate credit risk level, and make yearly adjustments to process controls to increase cash flow.
Essential Functions:
- Operate within the guidelines and requirements of the company credit policy.
- Maintain an appropriate credit risk level.
- Review customer accounts on a regular basis to maintain an appropriate level of credit risk
- Manage collection process of delinquent accounts to maintain credible accounts receivable, including establishing relationships with collection attorneys.
- Direct and manager Credit Department staff.
- Manage and direct cash application function.
- Resolve disputes with customer base and other departments as they relate to accounts receivable and risk management.
- Analyze credit application for terms of sale and credit limits.
- Ensure that accounts receivable reports are submitted to all general managers and other sales staff on a regular basis or as requested.
- Effectively work with the sales force to improve credit quality and cash flow.
- Establishing policies and procedures of credit department
- Place accounts on credit hold as needed including placing accounts on ABCC list
- Ensure orders are release orders accurately and timely
- Maintain a department organizational structure sufficient to meet all goals and objectives
- Properly motivate the credit and collections staff.
- Measure department performance with appropriate metrics
- Provide ongoing training of the credit staff
- Manage customer credit files
- Monitor deductions being taken by customers
- Manage the application of finance charges
- Manage bankruptcy accounts, motions and proceedings
- Visit customers as needed to establish strong business relationships and limit credit risk
- Maintain proficiency in Microsoft Office, Word, Excel
- Review and monitor compliance with the policies and procedures of security agreements (guarantees, liens, bonds, etc.)
- Keep abreast of all law pertaining to collection, bankruptcy, bonds, liens and adjustments
- Participate in appropriate trade and credit groups to improve credit knowledge
- Follow company policies and procedures
- Other projects and responsibilities as assigned
Skills and Capabilities Required:
- Judgment and decision-making ability
- Accuracy and attention to detail
- Demonstrated integrity and ethical standards
- Ability to handle difficult customers with diplomacy and tact
- Problem-solving and analytical ability
- Able to perform business math (basic algebra, compute rate, ratio, etc.)
- Manages time effectively and adapts quickly to changing priorities
- Team player who works productively with wide range of people
- Superior organizational skills
- Comfortable in fast-paced environment
- Proven history of profit and loss management to maximize financial performance
- Strong project management and multi-tasking skills
- Capable of following written instructions and documented procedures
- Able to read, analyze and interpret financial statements
- Demonstrated competency hiring, developing and evaluating employees to achieve corporate and personal objectives.
- Working knowledge of basic and advanced accounting principles
- Working knowledge of legal aspects of collection litigation activity
- Compiles with equal employment opportunity laws, regulations and company policies related to discrimination in hiring, firing, promotion and compensation, including sexual harassment.
- Demonstrated competence in budgeting, forecasting and planning
- Knowledge of Microsoft Office Suite, particularly Excel
Minimum Education Required:
Bachelor’s Degree with concentration in Finance, Accounting or Business Management
Experience Required:
5 years credit management
Computer skills, Word, Excel
Have a thorough knowledge of credit-related laws
Have considerable experience with negotiations
What We Offer:
Horizon Beverage Group provides benefits, support programs, resources and expertise to help employees live healthier and safer lives—at work and on the road.
- Eligibility for the following benefits depends on employment status.
- Competitive pay
- Medical & dental
- 401(k) Plan
- Paid Holidays
- Generous paid time off policy
- Company paid Short & Long Term Disability
- Company paid Life Insurance
- Employee Assistance Program
- Supplemental Insurance Options
Horizon Beverage Group is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, national origin, age, protected veteran or disabled status.