Credit Manager

Our client located in the Smyrna/Cumberland area is looking for a Credit Manager to join their team.Pay: $85k - 105k up to 10% BonusDirect HireHybridGreat BenefitsThe Credit Manager would direct and coordinate activities of workers engaged in conducting credit investigations and collecting delinquent accounts of customers by performing the following duties personally or through subordinate supervisors.Essential Duties and Responsibilities: (Other duties may be assigned.)Assesses creditworthiness of new and existing customers by analyzing financial statements, credit reports, and other relevant information to establish credit limits.Monitors customer accounts and communicates with customers to resolve payment issues and disputes, negotiate payment plans, and ensure payments are made on time and in accordance with the established terms.Collaborates with Sales and Finance teams to optimize credit processes and facilitate sales growth and cash flow.Proactively requests updated information and makes recommendations on potential credit risksArranges security instruments: Letters of Credit, Guarantees, and UCC filings.Implements appropriate steps to collect delinquent accounts, including holding of shipment, 3rd party collections, legal suit, etc. as required.Reviews doubtful accounts to determine collectability or need to be written off.Assists management in the formulation of credit policies.Identifies and champions business process improvement to support the credit functionManages job performance, training, mentoring and coaching of one or more Credit Assistants and/or Senior Credit Assistants.Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.· Strong knowledge of credit risk assessment and credit evaluation techniques· Strong understanding of financial statement and advanced liquidity analysis· Knowledge of relevant laws, regulations, and compliance· Professional verbal and written communication and interpersonal skills· Excellent analytical, problem-solving, and negotiation skills· Detail oriented with superior organizational and time management skills· A positive approach in working with customers, Sales, and other teamsEducation:Bachelor's degree (B.S. or B.A.) from four-year college or university with courses in credit and collection principles, accounting, financial statement analysis, commercial law, microcomputers, marketing, management, psychology and economics.Experience:10 years or more in credit and collection work with exposure to multiple aspects of credit activities, including at least 5 years in a supervisory capacity in the same or similar industry.Sincere interest in credit work as a career.Fact finding, analysis and interpretation of the financial position of customers. Supervision of the extension of credit and collection of receivables.Familiarity with credit procedure and credit department administration. Training of credit personnel. Maintenance of satisfactory customer relations.Contact financial institutions and sources of credit information. Participation in meetings of credit groups. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.