Assistant Market Credit Manager

Ferguson Enterprises - Chantilly, VA

Full-time - Mid Level

Chantilly, VA

10,001+ employees

Merchant Wholesalers, Durable Goods

About the position

The Assistant Market Credit Manager at Ferguson is responsible for managing credit accounts, evaluating credit risk, and ensuring timely payments from customers. This role involves conducting credit investigations, building relationships with customers, and collaborating with the sales team to improve collection percentages and reduce outstanding balances. The position plays a crucial role in contributing to the financial success of a multi-billion-dollar organization by overseeing credit and accounts receivable functions.

Responsibilities

• Review obtained credit information, evaluate credit risk, and approve or decline credit accounts in a timely manner.
• Conduct or supervise credit investigations on existing and potential customers to extend or raise credit limits and monitor exposure.
• Contact credit customers regarding their balance due to contribute to prompt payments and ensure regular follow-up.
• Build relationships with customers and the sales team through routine communication and visitation.
• Discuss A/R strategy regularly in cooperation with the Market Credit Manager.
• Focus on improving customer payment schedules and increasing collection percentages while reducing Days Sales Outstanding (DSO), past due balances, write-offs, and disputes.
• Understand and maintain lien and bond rights through the creation and monitoring of customer job accounts.
• Manage the evaluation of credit and accounts receivable functions of potential acquisitions/divestitures.
• Create and maintain transition service agreements related to credit/accounts receivable.
• Execute reviews of the customer deduction process to ensure timely and accurate resolution.
• Keep management informed concerning the status of customers and receivables.
• Adhere to company compliance and Health Safety and Environment (HSE) policies, procedures, and requirements.

Requirements

• 3 years of Credit Management Experience preferred.
• 3 years of experience in Credit, Collections, and/or Accounts Receivables in the industry.
• Self-confident with strong communication skills and inquisitive nature.
• Ability to react swiftly to new information and handle conflict professionally.
• Good judgment, problem-solving skills, and ability to see the 'big picture'.
• Ability to handle stress, manage time and people, and analyze numbers.
• Skilled in problem-solving.
• Proficiency in Microsoft Office (Word, Excel, Outlook, OneNote) preferred.
• Knowledge of credit fundamentals such as financial statement analysis, secondary securities, and contract/bankruptcy law.

Nice-to-haves

• Experience in a multi-billion-dollar organization.
• Familiarity with lien and bond rights.

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• Paid time off
• Life insurance
• 401(k) with company match
• Mental health coverage
• Gender affirming and family building benefits
• Paid parental leave
• Associate discounts
• Community involvement opportunities