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Credit Management Trainee
3 weeks ago
Summary
Job title: Credit Management Trainee
Job ID: null
Department: Chicago District
Location: null-null
Description
Summary:
The CED Credit Management Trainee program is designed to develop future leaders in financial management over the course of 12 to 24 months, trainees will work closely with experienced Credit Managers to gain a comprehensive understanding of financial management. Trainees will learn to balance risk and reward to maximize profitability while working alongside CED Managers. The program includes in-depth hands-on exposure to CED's financial processes, customer interactions, construction law, and strategic decision-making across multiple locations. Upon successful completion, trainees will be positioned to relocate to take on the role of Credit Manager.
ABOUT CED:
Consolidated Electrical Distributors, Inc. (CED) is a business-to-business (B2B) electrical distributor focused on providing top-notch service, integrity, and reliability to our customers. Since 1957, CED has been a steady presence in the growing electrical industry. Dedication to these core values has fueled consistent growth and success, making CED a trusted partner for businesses everywhere. The Credit Department is key in helping locations make smart financial decisions.
Reports to: Credit Manager
Minimum Qualifications:
· Bachelor's degree in a Business curriculum
· Strong desire to work in a Sales and Marketing environment
· Ability and willingness to relocate within the United States after training
Preferred Qualifications:
Working Conditions:
This position operates in a professional office environment which may require sitting for extended periods.
Supervisory Responsibilities: No
Essential Job Functions:
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Gain comprehensive knowledge of CED's financial operations and the electrical wholesaling industry
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Participate in customer visits to understand client needs and build relationships
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Develop a thorough understanding of construction laws and their impact on the business
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Work on real projects and make meaningful contributions to the credit department
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Collaborate with different teams to ensure sound financial decisions across various locations
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Analyze credit data and financial statements to determine the degree of risk involved in extending credit
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Monitor and manage accounts receivable to ensure timely collection of payments
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Develop and implement strategies for credit risk management and mitigation
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Assist in the development and enforcement of credit policies and procedures
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Develop payment plans and long-term financial goals for customers, ensuring accountability through regular follow-ups and maintaining open, constructive communication
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Conduct periodic reviews of existing customer accounts to ensure compliance with credit terms
CED is an Equal Opportunity Employer - Disability | Veteran
Compensation Range:
The compensation range for this position is $50000 to $65000 annually.
Other Compensation:
The following additional compensation may be applicable for this position:
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Bonus
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Profit Sharing
Benefits:
Benefits available for this position are:
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Insurance - Medical, Dental, Vision Care for full-time positions
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Disability Insurance
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Life Insurance
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401(k)
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Paid Sick Leave
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Paid Holidays
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Paid Vacation
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Health Savings Account (HSA) and matching
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Teledoc
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Paid Pregnancy & New Parent Leave
