Top Credit and Collections Executive leads the overall credit function. Develops policies regarding the investigation of customers, extension of credit lines, and collections. Being a Top Credit and Collections Executive ensures all policies are followed. May require an advanced degree. Additionally, Top Credit and Collections Executive typically reports to top management. The Top Credit and Collections Executive manages a business unit, division, or corporate function with major organizational impact. Establishes overall direction and strategic initiatives for the given major function or line of business. Has acquired the business acumen and leadership experience to become a top function or division head. (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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