Job Title:  Credit and Accounting Supervisor

Job Summary:

The credit and accounting supervisor is accountable for the entire credit granting process, including the consistent application of a credit policy, periodic credit reviews of existing customers, and the assessment of the creditworthiness of potential customers, with the goal of optimizing the mix of company sales and minimizing bad debt losses.  This position is also responsible for collecting, monitoring and managing past due outstanding balances and driving improvement. 

Essential Duties & Responsibilities:

• Develop target measures of collections to manage accounts receivable.
• Oversee the day-to-day collection activities to ensure the timely receipt of receivables and achievement of target levels for collections.
• Conduct / review investigations and verification of financial status and reputation of prospective customers applying for credit, including documentation to substantiate findings, both domestic and international.  Systematic update of existing customer lines as well.
• Ensure compliance to Company’s Revenue Recognition Policies.
• Month-end past due report and metrics.
• Design and implement processes to improve Cash Flow and reduce receivables.
• Coordinate execution of Letters of Credit for acceptability and risk.
• Recommend rejection or approval of credit applications in accordance with DLA.
• Handle special credit arrangements and deviations from standard terms of payment.
• Develop effective communications with Sales, Parts and Service with the authority of the Controller to keep all parties informed of credit concerns, collections problems, and updated controls. Work with Sales and/or the Controller to escalate matters appropriately.
• Oversee fraud investigations and determine possible legal action and collection for worthless checks and delinquent accounts.
• Audit delinquent accounts considered to be uncollectible to ensure maximum efforts have been taken before assigning bad debt status.
• Negotiate payment plans and/or settlements subject to management approval and ensure that payment plans are adhered to.
• Submit delinquent accounts to court or outside agency for collection.
• Stay current with and advise of industry best practices, new developments and trends in the collections and accounts receivable profession.
• Manage collection function and assist in developing accounting staff.
• Prepare Collections and Customer Advance Payment Working Capital Forecast
• Month-end duties to include Accounts Receivable journal entries and reconciliations, General Allocations, Concur Expense and Accrual Journal Entries, Misc AR reconciliations, Customer Advance Payment reconciliations.
• Quarter-end duties to include SOX requirements, Revenue Recognition requirements.
• Hours over 40 per week can be expected, especially at Month-End, Quarter-End and Year-End.

Qualifications:

• 5+ years of credit experience.
• Bachelor's degree in business and experience with credit scoring systems, preferred.
• Experience and proficiency working with ADP Payroll, Sure Tax, Navision ERP (NAV), SAP and Microsoft Office Suite, strongly preferred. 
• Possesses a thorough knowledge of credit-related laws and considerable experience with customer negotiations. 
• Credit professional certifications, desired.
• Experience working with Global businesses, customers and staff, preferred.
• Excellent communication skills, able to work independently with little supervision.  
• Proficient at problem solving.