Area Credit Manager

Ferguson Enterprises•Spring, TX

About The Position

Since 1953, Ferguson has been a source of quality supplies for a variety of industries. Together We Build Better infrastructure, better homes and better businesses. We exist to make our customers’ complex projects simple, successful, and sustainable. We proactively solve problems, adapt and grow to continuously serve our customers, communities and each other. Ferguson, a Fortune 500 company, is proud to provide best-in-class products, service and capabilities across the following industries: Commercial/Mechanical, Facilities Supply, Fire and Fabrication, HVAC, Industrial, Residential Trade, Residential Building and Remodel, Waterworks and Residential Digital Commerce. Ferguson has approximately 36,000 associates across 1,700 locations. Ferguson is a community of proud associates who operate with the shared purpose of building something meaningful. You will build a career that you are proud of, at a company you can believe in. As an Area Credit Manager, you will administer the daily credit and collection management duties of the credit department within the guidelines set forth in the company credit policy manual consistent with the various approval limits assigned to each credit manager. The execution of this task must be accomplished in the manner which is both sales supportive, minimizes credit losses and maximizes return on accounts receivable investment.

Requirements

Bachelor’s Degree in the Finance field preferred
5+ yrs Credit Management Experience preferred
Experience in Credit, Collections, and/or Accounts Receivables in the wholesale distribution industry
Self-confident, strong communication skills and inquisitive
Good judgment, problem solving skills, and ability to see the “big picture”
Handle stress, manage time and people and analyze numbers
Desire and ability to serve customers

Responsibilities

Shared credit operation managing the A/R for Waterworks, Industrial, and other customer groups in Houston, Texas
Oversee a credit team of 3+ direct reports managing $70M+ in active Accounts Receivable
Facilitate and manage in-market relationships with district leadership within Waterworks, Industrial, and other customer groups
Regular customer visitation and active engagement within the Houston market will be required
Conduct credit investigations on existing and potential customers to extend or raise credit limit
Review credit information obtained, evaluate the credit risk and approve or decline credit accounts
Monitor monthly balances of customers
Follow closely the course of aging accounts and determine action to be taken on delinquent accounts
Plan and maintain a program for the systematic follow-up and collection of receivables
Review and manage credit limits daily
Review lien filing report daily to protect and enforce bond and lien rights
Follow up on disputes in a timely manner and work with salespeople and customers to resolve.
Facilitate bad debt recovery by monitoring potential write-offs and collecting on previous write-offs, and taking legal action when necessary
Obtain and maintain a working knowledge of all local, state, and federal laws and regulations pertaining to the management and collection of accounts receivable including but not limited to: Anti-Trust, Liens, Bonds Fair Debt Collection Act, Equal Credit Opportunity Act, Record Retention, Sarbanes-Oxley, and the Uniform Commercial Code
Work with customers in the branch and visit them onsite regularly, either with salespeople or alone.
Extend credit to customers in accordance with established company policies and terms in a timely manner
Personally handle major accounts requiring individual attention, marginal accounts, problem accounts, special credit arrangements, and deviations from standards
Provide direction and guidance to less experienced team members
Performing other duties and functions as requested by management