Manager of Credit

Sumitomo Electric Lightwave Corp. • Raleigh, NC

1d

About The Position

The Manager of Credit is responsible for overseeing all aspects of credit and risk management, collections, disputes, recovery, and departmental operations. This includes approving and assigning credit limits and risk classifications, conducting monthly AR reviews, and analyzing new and existing accounts. The role involves identifying and monitoring high-risk customers, managing credit bureau resources, and ensuring the AR portfolio risk aligns with company objectives. Key responsibilities also extend to negotiating selling terms, participating in industry group meetings, and managing legal and third-party collections, including bankruptcies. The manager will communicate and enforce terms of sale, resolve credit holds with sales and customers, and maintain secure credit/collection records. Furthermore, the position requires determining and implementing department structure and objectives, collaborating with accounting for payment application, coordinating deduction resolutions, establishing policies, preparing budgets, and generating various AR management reports. The role demands strong communication skills to present credit strategy to management and the ability to balance customer credit risk with business opportunities while maintaining excellent customer relations.

Requirements

• College degree in Finance or Accounting
• Knowledge of creditor rights & bankruptcy law
• Good knowledge of credit and collection automation tools
• 5-10 years commercial credit management experience with a large company
• Strong PC skills - word processing/spreadsheets
• Strong organizational skills
• Strong communication skills (oral and written)
• Self-motivator-ability to work with little supervision
• Excellent negotiation skills
• Strong ability to analyze financial statements
• Ability to handle multiple tasks simultaneously
• Good knowledge of UCC filings
• Thorough understanding of marketing programs and sales plans
• Proven leadership skills

Nice To Haves

• MBA
• NACM/ICCTF Certifications (CCE)
• Experience working with different ERP Systems, Microsoft D365

Responsibilities

• Approve/assign credit limits
• Approve/assign risk classifications
• Coordinate monthly AR reviews and complete watch list reports
• Credit review and analysis of new and existing accounts
• Identify and closely monitor high risk customers
• Manage credit bureau/information resources
• Manage customer and AR portfolio risk in accordance with goals and objectives
• Negotiate alternative selling terms/arrangements
• Participate in credit industry group meetings
• Approve legal and third-party collections as appropriate
• Communicate and enforce terms of sale and take collection action as needed
• Communicate with sales and customers in respect to credit holds
• Maintain credit/collection records and files in a secure environment
• Manage legal files and bankruptcies, including directing the efforts of attorneys
• Oversee dispute resolution process
• Determine, implement and manage department structure and objectives
• Work closely with accounting to ensure all payments are applied and recorded
• Coordinate all deduction resolutions
• Establish written policies/procedures
• Prepare and monitor credit department budget
• Generate AR management reports including analysis
• Generate weekly, monthly, quarterly, and yearly reports
• Communicate credit strategy through written, verbal and formal presentation to management
• Supports auditors (internally and externally)

What This Job Offers

• Job Type: Full-time
• Career Level: Manager