What are the responsibilities and job description for the Credit Manager position at Steel Partners LLC?

Job Description

Credit Manager

OMG Inc. is a leading manufacturer of fastening products and technologies for the commercial roofing and construction industries worldwide. Headquartered in western Massachusetts, OMG is an equal-opportunity employer prioritizing the safety of our employees and customers. The company values integrity, teamwork, diversity, trust, respect, commitment, and a passion for excellence. OMG is a global company operating manufacturing facilities in Massachusetts, Illinois, and Minnesota.

Position Overview

OMG currently operates in two Divisions : OMG Roofing Products and FastenMaster®. OMG Roofing Products is a leading global manufacturer and supplier of value-added components for the commercial roofing industry. The FastenMaster Division manufactures and markets innovative, premium quality wood-to-wood fasteners that are engineered to enable professional contractors to complete building projects safer, faster, and easier. The Credit Manager will manage credit risk for new and existing customers while supervising and participating in the cash application and accounts receivable collection processes. The Credit Manager should have knowledge of all aspects of credit management, including, but not limited to, complete comprehension of credit reports and financial statements, as well as knowledge of bankruptcy and unclaimed property laws. This role will supervise the Accounts Receivable department and requires strong leadership, communication, and analytical skills, as well as extensive experience with credit analysis and sound computer skills.

Position Responsibilities

Promote Safety as the Number One Priority of all OMG employees.
Manage overall operation of the Credit and Collections and Accounts Receivable functions.
Investigate, analyze, and evaluate credit worthiness of new and existing customers.
Approve or deny extension of credit up to the authorized limits.
For accounts requiring credit limits in excess of the Credit Manager's approval level, prepare documentation to support recommendations to upper management.
Manage credit holds and overdue balances for customers who have exceeded established credit limits.
Negotiate effectively with customers in overdue payment situations.
Oversee and participate in the efficiency and accuracy of cash application and collection processes with the Accounts Receivable team.
Communicate effectively with internal and external customers.
Participate in internal and external audits.
Strengthen existing A / R and Credit processes, recommend changes to enhance effectiveness and drive employee engagement.
Prepare reports, analyses, and presentations for management.
Kaizen and process improvement experience is preferred.
Perform other tasks as required.

Position Requirements

Bachelor's degree in accounting, Finance or Business.

7 years proven work experience in Accounts Receivable including supervisory experience.

Certification from NACM (National Association of Credit Management) preferred.

Demonstrated success utilizing negotiation skills to achieve positive results on overdue accounts.

Familiarity with Letters of Credit is beneficial.

Strong leadership and organizational skills.

Proficiency in MS Office.

Ethics beyond reproach and ability to instill the same with team.

Positive attitude, good judgment, and excellent time management skills.

Strong sense of responsibility and ownership.

Demonstrated success in identifying and implementing process improvements.

Monitor credit trends and insights to ensure OMG's processes are world class

Physical Requirements

Ability to work in high-noise areas and wear appropriate hearing protection devices.

Ability to operate a motor vehicle while maintaining focus on safe driving and avoiding all distractions when behind the wheel, especially cell phones.

Ability to walk, stand, stoop, kneel, crouch, crawl, use hands to handle, or feel objects, tools, or controls, reach with hands and arms, climb or balance; and occasionally lift / push / pull up to 25 pounds.

Must be able to complete all essential job functions listed in the position responsibilities, with or without reasonable accommodation.

Requirements

Position Requirements

Bachelor's degree in accounting, Finance or Business.

7 years proven work experience in Accounts Receivable including supervisory experience.

Certification from NACM (National Association of Credit Management) preferred.

Demonstrated success utilizing negotiation skills to achieve positive results on overdue accounts.

Familiarity with Letters of Credit is beneficial.

Strong leadership and organizational skills.

Proficiency in MS Office.

Ethics beyond reproach and ability to instill the same with team.

Positive attitude, good judgment, and excellent time management skills.

Strong sense of responsibility and ownership.

Demonstrated success in identifying and implementing process improvements.

Monitor credit trends and insights to ensure OMG's processes are world class

Physical Requirements

Ability to work in high-noise areas and wear appropriate hearing protection devices.

Ability to operate a motor vehicle while maintaining focus on safe driving and avoiding all distractions when behind the wheel, especially cell phones.

Must be able to complete all essential job functions listed in the position responsibilities, with or without reasonable accommodation.

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