Senior Collections and Cash Analyst

Senior Collections and Cash Analyst Job Description

About Us: TechPro Power Group and Companies stand at the forefront of the power industry, offering cutting-edge solutions that optimize power equipment performance and reliability. As part of a family of companies that include Potomac Electrical Services, Sentinel, Sentinel-TDS, and Switching Systems Solutions, we provide comprehensive services across various sectors.

We are proud to be an employer of choice, recognized for our commitment to creating a positive work environment where innovation, collaboration, and diversity thrive. Our comprehensive services, including upgrades, retrofits, add-ons, refurbishment, and rigorous testing, are designed to meet and exceed the evolving demands of our clients.

Whether you are a skilled technician, an engineer, or a member of our office support team, you’ll find a culture that values your contributions and supports your professional growth. Join us and be part of a dynamic team driving the future of the power industry.

Job Type: Full Time

Location: Crofton, MD

Location Type: Hybrid

Pay Type: Salary / Exempt

Compensation: $110K - $145K

Additional Earnings: May include discretionary bonus

Travel: Rarely/Minimal (0-10%)

Destinations/Regions:

Varied Including: OK, TX, MI, IN, Other

Benefits:

• Health & Wellness including Medical, Dental, Vision and HSA
• 401(k) Retirement Plan Match Contribution
• PTO & Holiday Pay
• Paid Travel Expenses (when applicable)
• Career Advancement Opportunities

Position Overview:

The Senior Credit & Collections Analyst is responsible for optimizing the organization's cash collections, managing receivables, and developing cash forecasting strategies to ensure financial stability. This role requires strong analytical expertise, financial forecasting skills, and the ability to implement strategic initiatives to enhance cash flow while minimizing outstanding receivables.

The ideal candidate will have a proven track record in collections management, credit analysis, and cash flow forecasting, with the ability to collaborate cross-functionally with finance, accounting, legal, and operations teams.

Key Responsibilities:

1. Strategic Collections & Credit Management

Develop and implement proactive collections strategies to reduce overdue accounts and enhance cash flow.

· Monitor aging reports and coordinate with internal teams to resolve outstanding balances.

· Establish and maintain strong client relationships to facilitate timely payments.

· Lead negotiations and communications with high-value clients to resolve payment issues.

· Analyze collections data to identify trends and adjust strategies accordingly.

· Define and track key performance indicators (KPIs) for collections efficiency.

2. Cash Forecasting & Management

· Prepare and maintain accurate short-term and long-term cash flow forecasts.

· Analyze historical cash flow patterns and current trends to predict future liquidity needs.

· Collaborate with finance teams to align forecasts with budgetary plans and business objectives.

· Monitor and report cash flow performance, identifying variances and recommending corrective actions.

3. Financial Analysis & Reporting

· Conduct in-depth analysis of accounts receivable, delinquency trends, and cash management metrics.

· Prepare detailed reports and presentations for senior leadership, highlighting key insights and recommendations.

· Assess the effectiveness of current credit policies and collections processes, making data-driven improvements.

4. Process Improvement & Automation

· Identify opportunities to streamline and automate collections, credit approval, and cash management workflows.

· Implement industry best practices and leverage financial technology to improve operational efficiency.

· Conduct regular cadence calls with Regional Leaders, Accounting, Finance, and Legal to review collection progress and escalate issues as needed.

5. Additional Responsibilities

· Stay updated on industry trends, regulatory changes, and emerging best practices in credit and cash management.

· Provide training and mentorship to junior finance team members as needed.

· Perform other assigned tasks to support broader finance and business objectives.

Requirements (Education, Experience, Skills & Attributes):

· 8-10 years of experience in credit & collections, cash forecasting, or financial analysis, with a proven track record in a senior or leadership role.

· Expertise in cash flow management, collections strategy, and financial forecasting.

· Strong analytical skills, with the ability to interpret complex financial data and develop actionable strategies.

· Excellent leadership, negotiation, and stakeholder management skills.

· Proficiency in ERP systems such as SAP, Oracle, NetSuite, or similar financial tools.

· Advanced Excel skills (pivot tables, financial modeling, VLOOKUP, etc.).

· Strong communication skills, with the ability to effectively interact with clients, senior management, and internal teams.

Preferred Qualifications:

· Bachelor’s degree in Finance, Accounting, Business Administration, or a related field; MBA, CPA, or CFA is a plus.

· Experience working in accounts receivable, collections, or cash management within industries such as electrical contracting, industrial services, power generation, or engineering, including exposure to both union and non-union workforce environments across multiple entities.

· Prior experience implementing automation tools for collections, credit risk analysis, or cash management.

Physical Requirements:

This job operates in an office environment. While performing the duties of this job, the employee is regularly required to:

· Sit or stand for extended periods.

· Perform repetitive movements, such as typing or filing.

· Reach with hands and arms.

· Communicate verbally and in writing.

The employee may occasionally be required to:

· Lift and/or move up to 25 pounds.

· Use hands to handle, control, or feel objects, tools, or controls.

· Walk, stoop, crouch, or crawl.

Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of this position.

TechPro Power Group is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

This job description outlines the primary responsibilities and qualifications for the position, highlighting the collaborative and essential skills necessary for success. While we aim to provide an accurate depiction of the role, actual duties may vary based on organizational needs and evolving business requirements. These statements describe the general nature and level of work performed and are not an exhaustive list of all responsibilities, duties, and skills required.