Key Responsibilities
Credit Management
- Review and approve new customer credit applications.
- Establish and monitor customer credit limits based on financial risk and payment history.
- Analyze financial statements, credit reports, and trade references to evaluate creditworthiness.
- Maintain and enforce company credit policies and procedures.
Accounts Receivable Oversight
- Monitor aging reports and manage past due accounts.
- Lead collection efforts for delinquent accounts, including customer communication and payment negotiations.
- Work with sales staff to resolve payment disputes and customer account issues.
- Recommend credit holds when necessary to mitigate financial risk.
Risk Management
- Evaluate potential credit risks and recommend appropriate actions.
- Monitor exposure levels and ensure accounts remain within approved credit limits.
- Coordinate with leadership on high-risk accounts and legal collections if necessary.
Collaboration
- Work closely with the Sales team to balance credit risk with customer service and sales growth.
- Communicate with customers regarding payment terms, account balances, and credit status.
- Coordinate with Accounting to ensure accurate application of payments and account reconciliation.
Reporting & Analysis
- Prepare and present accounts receivable and credit risk reports to management.
- Track collection performance and identify opportunities to improve processes.
- Monitor key metrics such as Days Sales Outstanding (DSO).
Policy & Process Improvement
- Maintain clear credit and collection procedures.
- Recommend improvements to credit processes and internal controls.
- Ensure compliance with applicable financial and credit regulations.
Qualifications
Education & Experience
- Bachelor’s degree in Accounting, Finance, Business, or related field preferred.
- 5+ years of experience in credit, collections, or accounts receivable management.
- Experience in distribution, manufacturing, or industrial industries preferred.
Skills & Competencies
- Strong financial analysis and credit evaluation skills.
- Excellent communication and negotiation abilities.
- Strong attention to detail and organizational skills.
- Ability to work collaboratively with sales and operations teams.
- Proficiency in accounting or ERP systems and Microsoft Office (Excel in particular).
Work Environment
- This position is an in-office role located at State Steel.
- Standard work hours are 8:00 AM – 5:00 PM, Monday through Friday.
- The role requires regular communication with internal departments and customers.
Physical Requirements
- Ability to sit and work at a computer for extended periods.
- Occasional standing, walking, and lifting of office materials up to 20 lbs.