Credit & Collections Manager

17 hours ago


Piscataway, United States JESCO Full time

Job Type

Full-time

Description

JESCO is a premier dealer of heavy construction equipment and technology in the Northeast and Mid-Atlantic regions. We proudly represent John Deere, Wirtgen, Kleeman, Vögele, Hamm, Ditch Witch, Magni, Topcon, and many more products for purchase, rental, parts, and service. Family-owned and operated for more than 50 years, we are hiring to grow our award-winning company of over 350 employees.

Why JESCO?

JESCO is a family owned and operated company since the 1970s. Offering benefits after 30 days of full-time employment, matching 401k after 6 months and work with a team of "down to earth equipment people". Expand your career by joining a growing company of friendly staff that embraces new ideas and make an impact today

We are looking for an exceptional Credit and Collections Manager to oversee and optimize our credit and collections processes. Reporting directly to the CFO, this key role will require you to manage a team of credit analysts and collections specialists while developing and implementing strategies to ensure timely payments, minimize credit risk, and enhance overall cash flow. The Credit and Collections Manager will work closely with cross-functional teams to maintain strong customer relationships and drive financial success.

Responsibilities:

  • Credit Evaluation: Assessing the creditworthiness of potential customers before extending credit terms to them. This involves reviewing financial statements, credit reports, and payment histories.
  • Setting Credit Limits: Determining appropriate credit limits for clients based on their financial stability and credit history. This involves considering the potential risk to the company.
  • Credit Policy Development: Developing and maintaining credit policies and procedures for the company. These policies outline the terms and conditions under which credit is extended and how collections are managed.
  • Power Plan John Deere Credit Program: Collaborating with John Deere and JESCO departments to ensure maximum participation of new and conversion of existing customers.
  • Billing and Invoicing: Ensuring accurate and timely billing and invoicing for completed projects. This includes verifying that invoices are complete and compliant with contract terms.
  • Dispute Resolution: Handling disputes and discrepancies related to billing and payments. This may involve liaising with project managers, clients, and suppliers to resolve issues.
  • Cash Flow Management: Monitoring cash flow and working capital to ensure the company has the necessary funds to meet its financial obligations and continue operations.
  • Credit Reporting: Reporting credit information to credit bureaus as necessary and in compliance with legal requirements.
  • Risk Assessment: Continuously assessing and mitigating credit risks to minimize bad debt losses.
  • Documentation and Record-keeping: Maintaining accurate records of all credit and collection activities, including correspondence and payment history.
  • Legal Compliance: Ensuring that all credit and collection activities adhere to relevant laws and regulations, such as the Fair Debt Collection Practices Act (FDCPA).
  • Communication: Collaborating with other departments, such as sales and finance, to ensure a cohesive approach to credit and collections. Participate in the company's Sales, Parts and Service meetings.
  • Reporting: Generating reports and providing regular updates to senior management on the status of accounts receivable and collections efforts.
  • Credit Analysis: Periodically reviewing and reevaluating the creditworthiness of existing clients to adjust credit terms accordingly.
  • Training: Manage the training of all Sales, Department Manager and Non-Management personnel on credit policies and procedures.
  • Customer Relations: Manage customer relations and ensure their experience working with JESCO is positive.
  • Audit: Audit rental purchases to make sure all documents are accurate and within the company's credit policy
Requirements
  • Bachelor's degree or equivalent in Accounting or Finance
  • Minimum 5 years of finance or related credit and collection experience
  • Proficient in Advanced Excel
  • Detail oriented, motivated self-starter with strong organizational skills, analytical and problem-solving skills.
  • Excellent communication and people skills with the ability to develop and maintain business partner relationships at all levels within the organization.
  • Strong business and financial acumen with understanding that problem-solving goes beyond the numbers. Ability to think through multiple scenarios.
  • Ability to prioritize and independently manage multiple concurrent tasks in a dynamic and fast paced setting.
  • High level of energy and professionalism and strong attention to detail
  • Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
  • Full-time position in office five days per week

We are an equal opportunity employer and prohibit discrimination and harassment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

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