Corporate Credit Administrator
Action Management Services - Mayfield Heights, OH

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JOB SUMMARY

The Corporate Credit Administrator develops and recommends policies and procedures that govern the credit and collection activities of the organization. Most significant responsibility associated with investigating credit risks of customers and suppliers and collecting and managing the process of collecting cash due to the company.

ESSENTIAL DUTIES AND RESPONSIBILITIES
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Design and implement an efficient credit review and decision process; assist in the development or improvement of sound, acceptable credit policies; monitor violations of credit policies; provide analysis, conclusions, and actions.
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Investigate and verify financial status and credit risk profile of prospective and current customers and make appropriate credit decisions.
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Establish credit limits on customer accounts and handle special credit arrangements and deviations from standard terms of payment.
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Utilize the company’s SAP system and GetPaid collection tool to maximize work process efficiency in the credit and collection environment
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Servicing a portfolio of approximately $50M
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Oversee the workload distribution, prioritization and solicitation for payment of overdue accounts.
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Lead the appropriate escalation of collection activities as required by business circumstances and work with the business owners and customers to optimize sales and cash collections.
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Approve collection escalation to agency assignment within the authority matrix as well as negotiate and authorize settlements, credit memos and bad debt write-off decisions.
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Review and adjust credit lines on a regular basis. Revoke lines of credit upon receipt of external information pertinent to financial strength of the account.
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Prepare AR month end reports, finance charges, including adjusting entries, bad debt recommendations and write offs.
QUALIFICATIONS
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BS in Finance, Accounting or other business discipline.
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Minimum of 5+ years relevant credit experience in a corporate environment
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Prefer applicable experience with multi-national, US headquartered corporation.
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MBA preferred; CPA or CFA a plus.
COMPETENCIES
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Knowledge of and experience with credit related laws, including bankruptcy process and procedures
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Proven negotiating and problem solving skills
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Strong knowledge of financial statements and cash flow analysis and application to credit decisions
TRAVEL REQUIREMENTS: Some travel may be required, but at 10% or less.

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Action Management Services - 12 months ago - save job - block
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