Credit Manager

Job Summary:
Oil-Dris Credit Manager and Assistant Treasurer is responsible for customer risk management, accounts receivables, deductions, and cash management. The incumbent also supports accounts receivable planning & analysis, financial forecasting and reporting, performance management, and revenue/cost analytics. This position also supports the overall monthly planning & reporting processes, including revenue and order management, and financial variance analysis and executive review of revenue, margin and operating expenses through a structured and standardized monthly financial management cycle. Additional responsibilities include ad-hoc strategic financial analysis and acquisition support.

Essential Functions:
Credit Management
Establish new customer credit, review and update credit lines to mitigate overall organization risk.
Manage overall A/R performance for the entire portfolio of customer accounts.
Supervise deduction function to maximize customer recoveries, optimize process efficiencies and correctly categorize customer deductions.
Reporting of performance measures including DSO, past due balances, aging invoices and customer risk assessments.
Minimize past due exposure, ensure adherence to payment terms while limiting bad debt, maximizing sales and building customer relationships.
Partner with Sales and Customer Service personnel to resolve billing disputes and customer issues adversely impacting timely collections.
Hire, train and develop team members including A/R, Deductions and Collections Specialists.
Manage, lead, motivate and develop team members through effective leadership, coaching and training, including goal setting and defining metrics.
Act as subject matter expert of JDE Collections Module and Deductions Module. Test improvements and train teammates on functionality as needed.
Review and approve non-chargeback credits, returns, pricing, shortages and refund checks.
Execute decisions for problem solving, pricing discrepancies, return goods, credit limitations, credit hold shipments, and negotiate payment settlements.
Monitor the releases, cancellation, and pending orders that have been held due to credit limits and/or delinquency status.
Manage distressed debtor accounts, define payment schedules and file bankruptcy paperwork where necessary.
Manage business relationships with outside collection agencies and credit information providers.
Analyze financial statements, as required, to support credit determinations.
Treasury
Participate in strategic initiatives related to improving the efficiency and transparency of corporate cash management through cash flow forecasting and bank account management.
Manage authority controls and bank account signature limits for global bank accounts.
Assist with daily cash management of all global bank accounts, ensuring review of fraudulent transactions and approval of ACH and wire transfers.
Ensure financial close deliverables are completed timely and accurately, including preparation of financial provisions and account reconciliations.

Financial Planning & Analysis
Support timely and accurate monthly business reviews and ad-hoc analysis as required by CFO and Treasurer.
Support the FP&A team in variance analysis of monthly, quarterly, and annual financial results, and the preparation of quarterly financial presentations for Board of Directors
Assist with the review of capital projects for submission to the capital approval process ensuring timely review and managing spend to meet cash flow targets.
Maintain and develop accurate financial reporting & forecasting per US GAAP in JDE on a timely basis.

Business Development
Lead credit aspects during the due diligence process of acquisition targets as assigned by executive management.
Support acquisition financial and insurance due diligence as a subject matter expert.
Own internal analysis through financial modeling and scenario analysis to assist in the decision-making and valuation processes

Key Competencies:
Strong analytical ability to identify variations and trends, ability to dig into details and summarize business outcomes aimed at all levels of management, with a focus on senior and executive management.
Strong understanding of customer credit risk and the impacts of macro-economic events that could lead to exposure to the business.
Highly responsive with sense of urgency to provide high quality and accurate deliverables under tight time pressure.
Ability to create and develop meaningful ad-hoc financial modeling and analysis in Excel and/or JDE creating meaningful analytics, business insights and transparency.
Experience in developing financial models including margin and revenue analytics, expense analysis, and consolidated financial statement forecasting.
Solid accounting knowledge, including full financial statement understanding and analytical skills (Balance Sheet, P&L & Cash Flow)

Experience:
Bachelors degree in Accounting, Finance or Business required, MBA preferred
5+ years of experience in finance related roles
CBA, CBF, CCE, or CCRA certification a plus
Must be a strong change agent and problem solver
Experience with JDE preferred
Experience in financial reporting/planning/analysis tools and ERPs
Strong interpersonal skills and ability to partner with Sales and Customer Service teams.
Experience in P&L, financial/data, cost, and profitability analysis in a manufacturing organization preferred.
Demonstrated track record of cross functional business engagement skills in a matrix organization.
Advanced computer skills in MS Office, specifically Excel and PowerPoint required