Credit/Accounts Receivable Manager

The Building Center Inc•Pineville, NC

2d•Onsite

About The Position

As the Credit/Accounts Receivable Manager, you will report to the Chief Financial Officer and play a critical role in managing credit operations and accounts receivable functions. This role offers a unique opportunity to drive meaningful change in the industry, challenge yourself, and influence the company’s financial health. You will collaborate with various departments, provide strategic insights, and ensure best practices in credit and receivables management.

Requirements

Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
At least 5 years of experience in credit management and accounts receivable, preferably in the construction or building supply industry.
At least 4 years of experience in leading a team of accounts receivable collection staff.
Deep understanding of construction lien processes and regulations across multiple states.
Strong analytical skills with the ability to evaluate credit risk and design effective credit policies.
Excellent communication and interpersonal skills for effective collaboration with internal and external stakeholders.
Proficiency in accounting software (e.g., Microsoft Dynamics and Epicor) and ERP systems, with advanced skills in Microsoft Excel.
Detail-oriented with a strong commitment to accuracy and regulatory compliance.
Proven ability to work independently and manage multiple priorities in a dynamic, fast-paced environment.

Responsibilities

Develop and implement credit policies and procedures to ensure timely collections and minimize bad debt exposure.
Evaluate and approve credit applications for new and existing customers, including setting credit limits.
Monitor customer creditworthiness and assess credit risk, conducting regular credit reviews.
Work closely with sales and customer service teams to resolve credit issues and negotiate payment terms.
Manage the credit hold/release process and maintain accurate credit records.
Prepare and present credit reports weekly basis and provide analyses to senior management monthly.
Oversee the accounts receivable process, ensuring timely and accurate invoicing, posting, and reconciliation of payments.
Monitor accounts receivable aging reports and take appropriate actions to direct and follow up on overdue accounts.
Coordinate with the collections team to recover outstanding balances and manage dispute resolution.
Maintain accurate records of customer transactions, including payments, credits, and adjustments.
Implement and maintain efficient accounts receivable processes and systems to improve cash flow and reduce DSO (Days Sales Outstanding).
Collaborate with the finance team to ensure accurate and timely month-end closing activities related to accounts receivable.
Stay up-to-date with construction lien laws and processes across the states where the company operates.
Ensure adherence to state-specific lien requirements, including managing deadlines and documentation.
Work with legal and project management teams to handle lien filings, releases, and associated documentation.
Provide regular training and updates to internal teams on construction lien processes and best practices.
Prepare and manage compliance documentation as required by banks and regulatory agencies.
Assist with adherence to local, state, and federal government reporting requirements.
Ensure compliance with the Fair Credit Reporting Act (FCRA) and other relevant regulations.
Performs other duties, as assigned
Performs other duties, as assigned