Regional Credit Manager

SRS Distribution Inc.•Cincinnati, OH

7d•Hybrid

About The Position

Position Purpose: The Regional Credit Manager (RCM) at the Company is tasked with providing strategic oversight and management of accounts receivable operations, guiding a team of Area Credit Managers (ACMs) and District Credit Managers (DCMs) to ensure the effective extension and collection of credit across designated territories. This role involves direct management of a select portfolio of accounts, including the approval or decline of credit and job applications, and determination of credit line adjustments within authorized limits, while adhering to corporate credit policies. Positioned with advanced credit authority, the RCM plays a pivotal role in optimizing credit operations and fostering financial stability within the regional framework. Key Responsibilities: Provide strategic leadership and management to a team of Assistant Credit Managers (ACMs) and District Credit Managers (DCMs), ensuring alignment with the Company's corporate objectives and credit policies. Directly oversee a designated portfolio of accounts, employing expert judgment to manage Accounts Receivable (AR) effectively, ensuring optimal cash flow and minimal delinquency rates. Utilize delegated credit authority to review and make high-stakes decisions on credit applications and job accounts, balancing risk and opportunity to meet regional financial goals. Continuously assess and adjust credit lines within authorized limits, responding promptly to changes in customer creditworthiness and market conditions to safeguard company assets. Implement company credit policies related to write-offs and collection placements, ensuring diligent compliance and proactive risk management across all managed territories. Collaborate across departments to streamline credit management processes, enhancing operational efficiency and customer satisfaction. Maintain a comprehensive understanding of the AR and territories overseen by direct reports, synthesizing insights to inform strategic decisions and drive regional credit excellence. Foster a culture of high performance and professional development within the team through effective HR management, mentoring, and resource optimization.

Requirements

Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
Minimum of 7 years of experience in credit management, including experience managing accounts receivable portfolios.
Proven track record of successfully overseeing teams in a decentralized structure.
Demonstrated ability in approving or declining credit applications and managing job accounts.
Experience in making decisions regarding credit line adjustments within assigned authority levels.
Proficiency in credit management software and tools.
Advanced knowledge of Microsoft Office Suite, particularly Excel for financial analysis and reporting.
Strong analytical skills with a focus on risk assessment and credit evaluation.
Excellent decision-making capabilities, especially in high-stakes financial scenarios.
Exceptional communication and interpersonal skills, with the ability to manage and develop team performance effectively.
In-depth understanding of relevant credit policies and regulatory compliance standards.

Nice To Haves

Advanced Financial Acumen: Demonstrated expertise in financial analysis and risk assessment, with an ability to interpret and synthesize complex financial data to inform credit decisions and optimize accounts receivable management.
Leadership Experience: Proven track record in leading and developing high-performing credit management teams, with a focus on fostering a culture of accountability, collaboration, and continuous improvement.
Strategic Decision-Making: Strong strategic thinking and decision-making skills, with a capacity for high-level credit authority execution and an ability to make informed, timely, and impactful credit and risk management decisions.
Industry-Specific Knowledge: Deep understanding of industry-specific economic trends, market dynamics, and regulatory requirements that influence credit management practices and decision-making processes.
Process Improvement Expertise: Experience in designing and implementing process improvements within credit management functions to enhance efficiency, accuracy, and service delivery.
Advanced Communication Skills: Exceptional interpersonal and communication skills, with the ability to engage effectively with stakeholders at all organizational levels and convey complex information with clarity and precision.
Technological Proficiency: Proficiency in leveraging financial and credit management software and tools to facilitate data-driven decision-making and enhance operational effectiveness.
Change Management Skills: Demonstrated ability to navigate and lead organizational change initiatives, with emphasis on adapting to evolving business environments and managing transitions effectively.
Customer Relationship Management: Strong customer relationship management skills, with a focus on balancing risk management with maintaining positive and long-term client relationships.
Compliance and Risk Management: In-depth knowledge of compliance and regulatory frameworks governing credit management, with the ability to enforce credit policies and ensure adherence to legal and ethical standards.

Responsibilities

Provide strategic leadership and management to a team of Assistant Credit Managers (ACMs) and District Credit Managers (DCMs), ensuring alignment with the Company's corporate objectives and credit policies.
Directly oversee a designated portfolio of accounts, employing expert judgment to manage Accounts Receivable (AR) effectively, ensuring optimal cash flow and minimal delinquency rates.
Utilize delegated credit authority to review and make high-stakes decisions on credit applications and job accounts, balancing risk and opportunity to meet regional financial goals.
Continuously assess and adjust credit lines within authorized limits, responding promptly to changes in customer creditworthiness and market conditions to safeguard company assets.
Implement company credit policies related to write-offs and collection placements, ensuring diligent compliance and proactive risk management across all managed territories.
Collaborate across departments to streamline credit management processes, enhancing operational efficiency and customer satisfaction.
Maintain a comprehensive understanding of the AR and territories overseen by direct reports, synthesizing insights to inform strategic decisions and drive regional credit excellence.
Foster a culture of high performance and professional development within the team through effective HR management, mentoring, and resource optimization.

Benefits

Competitive weekly/bi-weekly pay, discretionary bonuses, 401(k) with company match, Employee Stock Purchase Plan, paid time off (vacation, sick, volunteer, holidays, birthday, floating), medical/dental/vision, flexible spending accounts, company-paid life and short-term disability, plus optional long-term disability, and additional life insurance.
Competitive salaries for all team members paid weekly
401(k) Retirement Plan with company matching
Employee Stock Purchase Plan
Paid Vacation, Sick Time, Holidays, Birthday, and Floating Holidays
Paid Parental Leave
Medical, Dental and Vision Benefits
Flexible and Dependent Care Spending Accounts
Company paid Life insurance and Short-Term Disability
Additional Life Insurance and Long-Term Disability also offered
Safety Program with Bonuses for our Drivers
Employee Referral Bonus Program