Director of Corporate Credit

2 weeks ago


Albuquerque New Mexico, United States Summit Electric Supply Full time
Job Description

 

This position will be located in office, either at our Albuquerque or Houston corporate offices

 

The Director of Credit supports Summit’s sales efforts by extending customers credit in a way that maximizes sales and profit while minimizing the risk of loss to Summit and utilizing Summit’s capital effectively.  Responsible for the overall direction and management of the Credit Department, which includes development and leadership of all credit specialists, assistants, and cash applications.  The Director will develop and implement credit policies and provide guidelines concerning credit extension to Summit’s customers.  

Key Responsibilities:

 Establish policies and procedures concerning credit functions such as cash and check handling, check posting, credit work workflow process, standardized collection letters, credit application process, and actions taken on aged accounts. 

Works closely with Service Center Managers, Regional VPs, CFO, and President to ensure that a balance is reached between the needs of the customer and Summit’s business interests. 

Approves credit limits on customer accounts and handles special credit arrangements and collaborates with RVP’s with regard to deviations from standard payment terms . 

Negotiate and evaluate third party credit reporting agency relationships, Dunn and Bradstreet, etc. 

Take an active role in National Association of Credit Management, administer educational products available. 

Develop relationships with credit/collections attorneys and agencies in each Summit location and judicially engages as necessary to collect on delinquent accounts. 

Negotiate favorable third-party collection rates as well as develop appropriate policy concerning their utilization. 

Monitor credit activity including monthly review of all accounts. Audit delinquent accounts considered to be uncollectible; ensure appropriate efforts have been taken before assigning bad credit status to account. 

Creates and presents reports to management on large account activity, summary aging analysis and bad debt reserve analysis. 

Prepare and review collection reports and monitor aged Accounts Receivable to evaluate effectiveness of current collection policies and procedures. 

Supervise Credit Specialists and Assistants, providing career development and mentoring and building a high-performing team characterized by openness and trust. 

Collaborate with members of the Summit team to resolve Customer Disputes. 

Maintain DSO levels consistent with High Performing Electrical Distributors based on PAR or agreed upon with CFO.

Maintain Bad Debt write offs to less than .1% of sales. 


  • Corporate Credit

    2 weeks ago


    New York, United States Tandym group Full time

    A New York City asset management firm is looking to add a new Corporate Credit Associate to their growing team. In this role, the Corporate Credit Associate will be responsible for focusing on new and existing investments across the Retail sector, specifically both liquid and illiquid opportunities across the capital structure spanning from performing...

  • Corporate Credit Analyst

    7 minutes ago


    New York, United States Axelon Full time

    Job Title: Corporate Credit Analyst Location: New York, NY Pay rate: $88/hr Business Overview: Corporate Credit Management (CCM) is an integral team within the North American platform, dedicated to supporting approximately 800 Corporate Clients. The CCM team ensures comprehensive coverage, monitoring, and execution of all counterparty risk requests for...


  • New York, United States Global Systems Search Inc Full time

    Business Overview:Corporate Credit Management (“CCM”) is a transversal team in support of the approximately 800 Corporate Clients of the North American platform. The CCM team works to ensure coverage, monitoring & execution of all counterparty risk requests for the Corporate platform. Three functional pillars exist in the team including: Corporate Credit...


  • New York, United States Global Systems Search Inc Full time

    Business Overview:Corporate Credit Management (“CCM”) is a transversal team in support of the approximately 800 Corporate Clients of the North American platform. The CCM team works to ensure coverage, monitoring & execution of all counterparty risk requests for the Corporate platform. Three functional pillars exist in the team including: Corporate Credit...

  • Risk Manager

    3 weeks ago


    New York, United States Hudson River Trading Full time

    Hudson River Trading is hiring a Corporate Credit Risk Manager for our NYC office. You will be responsible for designing, improving, managing, and communicating market and liquidity risk for corporate credit-related instruments and strategies. You will own and manage all aspects of credit trading risk faced by the firm, while gaining exposure to the...


  • New York, United States Taurus Search Full time

    Client is a large international bank and is seeking to hire a VP Credit Analyst to cover a portfolio of Japanese corporates. Responsibilities include: Examine credit risk factors for new and existing corporate deals. Oversee deal and credit approval, guaranteeing transparent communication with stakeholders and adherence to credit policies. Evaluate client...


  • New York, United States Taurus Search Full time

    Client is a large international bank and is seeking to hire a VP Credit Analyst to cover a portfolio of Japanese corporates. Responsibilities include:Examine credit risk factors for new and existing corporate deals.Oversee deal and credit approval, guaranteeing transparent communication with stakeholders and adherence to credit policies.Evaluate client...


  • New York, United States Taurus Search Full time

    Client is a large international bank and is seeking to hire a VP Credit Analyst to cover a portfolio of Japanese corporates. Responsibilities include:Examine credit risk factors for new and existing corporate deals.Oversee deal and credit approval, guaranteeing transparent communication with stakeholders and adherence to credit policies.Evaluate client...


  • New York, United States Taurus Search Full time

    Client is a large international bank and is seeking to hire a VP Credit Analyst to cover a portfolio of Japanese corporates. Responsibilities include:Examine credit risk factors for new and existing corporate deals.Oversee deal and credit approval, guaranteeing transparent communication with stakeholders and adherence to credit policies.Evaluate client...

  • Director Credit Risk

    4 weeks ago


    New York County, New York, United States First Citizens Bank Full time

    Overview: The Director of Credit Policy and Governance is responsible for serving as the subject matter expert on credit governance and establishing and maintaining Credit policy and governance standards across the First Citizens Bank enterprise. This role will report to the Senior Director of Credit Policy and Governance. This position will own the...


  • New York, United States Barclays Full time

    **Role Title**:Director - Americas Credit Trading Lawyer **Location**:New York, NY Salary / Rate Minimum: $270,000 Salary / Rate Maximum: $320,000 The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available. **What will you be...


  • New York, United States Barclays Plc Full time

    Role Title: Director - Americas Credit Trading Lawyer Location: New York, NY Salary / Rate Minimum: $270,000 Salary / Rate Maximum: $320,000 The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any another type of compensation or benefits that may be available. What will you be...


  • New York, United States Barclays Full time

    Role Title:Director - Americas Credit Trading Lawyer Location:New York, NY Salary / Rate Minimum:$270,000 Salary / Rate Maximum:$320,000 The minimum and maximum salary/rate information above include only base salary or base hourly rate.It does not include any another type of compensation or benefits that may be available. What will you be doing: In this...


  • Albuquerque, United States Heritage Hotels and Resorts, Inc Full time

    Job Type Full-time Description WORK, PLAY & ENJOY LIFE WITH HERITAGE We offer a work environment that is focused on the employee experience, extremely flexible work schedules and benefits that are unmatched in the industry; including generous discounts on hotel room rates and food at all of our restaurants in the portfolio across the state of New Mexico! ...


  • New York, United States Peloton Full time

    Peloton is seeking a dynamic Director, Corporate Communications to help craft and implement communications strategies and activities that support and promote Pelotons overall priorities across business, financial and B 2 B media, as well as help Pel Director, Corporate, Communication, Communications, Business, Media, Manufacturing, Business Services


  • New York, United States Selby Jennings Full time

    Company Summary: We are currently partnered with a leading company in the digital payment revolution for 20+ years, serving more than 400 million consumers and merchants in more than 200 markets globally. They are looking to bring on talent at the Director level to their Corporate Development Team in wonderful New York City. This candidate will have the...


  • New York, New York, United States Selby Jennings Full time

    Company Summary: We are currently partnered with a leading company in the digital payment revolution for 20+ years, serving more than 400 million consumers and merchants in more than 200 markets globally. They are looking to bring on talent at the Director level to their Corporate Development Team in wonderful New York City. This candidate will have the...

  • Director, People

    3 weeks ago


    New York, New York, United States Nova Credit Full time

    At Nova Credit, our mission is to power a more fair and inclusive financial system for the world. We are on our way to accomplishing this mission by rewiring the financial industry with better credit infrastructure, analytics and workflows, enabling more people to get access to credit opportunities. Our cross-border credit product, Credit Passport, cash flow...


  • New York County, New York, United States Simpson Thacher & Bartlett LLP Full time

    Description/Job Summary The Director of Practice Management will serve as a trusted advisor and "chief of staff" to the co-Heads of the Banking and Credit Practice Group (PG). The Practice Management Director will work directly with practice group leadership to drive accountability, ensure operational efficiency within the PG and assist with the...


  • New York, New York, United States Selby Jennings Full time

    I am currently working with a bank that is seeking a Director-level Senior Credit Officer. This individual will be responsible for evaluating the creditworthiness of counterparties and underlying assets, providing detailed analysis, and making recommendations for credit approval. In this role, you'll play a vital part in monitoring portfolio quality,...