What are the responsibilities and job description for the Manager of Credit and Collections position at Razzino Associates, Inc.?
Our client, a major services provider to the Construction industry is seeking their Manager of Credit and Collections . The Manager of Credit & Collections will manage the Receivables portfolio to minimize bad debt losses and facilitate cash collection. Approves, denies, and monitors credit availability to existing or prospective customers. Monitors and directs collection activities, short pay performance and product releases in the bulk facilities. Approves all region recommended write-off(s). Oversees and monitors the quality and accuracy of customer data. Places and monitors accounts for 3rd party action. Recommends Bad Debt write offs as necessary. He / she will consult with the Accounting Manager or CFO on all aspects of duties for consistency and goals.
Essential Responsibilities :
- Responsible for developing and administering all credit and collections policies and programs.
- Implement and monitor processes to improve cash flow and reduce receivables, and ensure the accuracy of A / R.
- Approve new customer accounts and set credit limits using the A / R aging reporting for the assigned customer account portfolio, interface with the customer, sales, and bulk plant teams to collect delinquent balances.
- Ensure accounts receivable balances are maintained at appropriate levels for the economic environment and business situation.
- Research, document and resolve outstanding issues and balances; resolve escalated collection issues.
- Consult with management and / or appropriate staff on complex collections and / or deduction situations requiring extraordinary efforts to resolve.
- Develop reporting and analytics for senior management to monitor risk, collection activities and trends. Provide reporting on highest risk accounts including recommendations for resolution.
- Build strong customer relationships to create maximum value; routinely communicate via email and telephone with customers and internal associates.
- Oversee the filing of liens and lien releases and consult with attorneys when appropriate.
- Establish and maintain external business / industry relationships including attorneys, collection agencies, credit bureaus and The National Association of Credit Management (NACM).
- Continuously seeks out new ways to automate, streamline, or eliminate tasks in the credit department to improve processes and reduce costs.
- Other duties and responsibilities as assigned.
Requirements :
Location : Edison N.J.
Compensation : 120k-135k plus Bonus potential and all Benefits.
Salary : $120,000 - $135,000
