Credit Risk Manager
4 days ago
Earn an estimated $85,000 - $115,000 per year as a Credit Manager at Uniform Color.
About the RoleThis is a full-time opportunity to oversee credit investigations and collections for our North American and European clients. You will work closely with the cash collection teams to maximize cash flow through accounts receivable turnover.
Key Responsibilities- Assign workers to investigate and verify financial status and reputation of prospective customers applying for credit, preparing documents to substantiate findings, and recommending rejection or approval of applications.
- Establish credit limitations on customer accounts and handle special credit arrangements and deviations from standard terms of payment.
- Manage aging and apply collection techniques that attain superior results while maintaining the integrity of relationships with clients.
- Lead and strategize with the cash collection teams globally to optimize cash flow through accounts receivable turnover.
- Investigate discrepancies between sales invoice amount and payment from customer, providing detailed information to sales staff.
- Update customers' credit activities.
- Review collection reports to assess collection status and balances outstanding and evaluate effectiveness of current collection policies and procedures.
- Audit delinquent accounts considered uncollectible to ensure maximum efforts have been taken before assigning bad debt status to account.
- Coordinate with others, including personnel in company branches and credit agencies, to exchange information and update controls.
- Submit delinquent accounts to attorneys or outside agencies for collection.
- Experience in credit and collections in the United States, Canada, and Mexico.
- Developed collection skills.
- Prior experience evaluating financial statements and determining risks.
- Excellent communication skills and ability to interact tactfully with customers.
- Able to maintain confidentiality.
- Familiarity with basic computer software, including Microsoft Excel.
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