Parker Hannifin

Director, Global Corporate Credit

Parker Hannifin • $150K — $180K *
Cleveland, OH 44130In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting or finance; MBA or advanced degree preferred
  • At least 10 years of management experience in corporate credit within a global industrial company
  • Strong financial acumen with broad trade finance and international credit experience
  • Demonstrated analytical and project management skills
  • Excellent written and oral communication skills
  • Advanced proficiency in Microsoft Office and various software applications
  • Willingness and ability to travel domestically and internationally
  • Proven track record of delivering results and driving change

Responsibilities

  • Set the global vision and strategic direction for corporate credit processes and policies
  • Lead the transformation of global credit operations focusing on process efficiency and standardization
  • Manage global credit strategy, including credit limit approvals and risk mitigation
  • Oversee global accounts receivable operations to optimize cash flow and control
  • Align credit priorities with enterprise objectives to drive growth and operational performance
  • Provide executive review on complex credit decisions and implement risk reduction strategies
  • Collaborate with sales and marketing to develop credit strategies supporting business growth

Benefits

  • Opportunity to shape and lead global credit strategy
  • Influence enterprise-wide policies and practices
  • Engagement with senior leadership and cross-functional teams
  • Role in advancing Parker's global financial health and performance
  • Professional development through training and continuous learning opportunities
Full Job Description
Position Summary

The Global Director of Corporate Credit is responsible for establishing and leading Parker's global credit strategy, governance framework, and policy infrastructure in support of a $3.0 billion accounts receivable portfolio. This role provides enterprise leadership for managing receivables risk, protecting the company's receivable asset, and enabling consistent, compliant, and analytically driven credit practices across global operations.

The position requires a strong executive presence, deep technical expertise in global corporate credit and accounts receivable management, and the ability to influence across a complex global organization. The successful leader will drive transformation through process standardization, technology enablement, analytics, continuous improvement, and talent development while ensuring alignment with Parker policies, internal controls, and Sarbanes-Oxley requirements.

This role acts as a trusted advisor to senior management by providing insight into portfolio trends, customer risk, macroeconomic conditions, working capital impacts, and global receivables performance.

Essential functions:
  • Set the global vision and strategic direction for Parker's Corporate Credit Processes and Policies, ensuring consistent governance, effective controls, rigorous testing, and enterprise-wide compliance across the function.
  • Lead the ongoing evaluation and transformation of global credit operations, driving continuous improvement, standardization of best practices, process efficiency, and scalable tools that enable consistent execution across the enterprise.
  • Lead the global credit management strategy, including approval of credit limits within delegated authority, proactive risk assessment, and mitigation strategies that protect the company's receivables portfolio and support profitable growth.
  • Provide executive oversight of global accounts receivable operations, including collections, cash application, claims, and dispute management, to optimize cash flow, strengthen controls, and improve working capital performance.
  • Advance Parker's Win Strategy by aligning global credit priorities with enterprise objectives, influencing business outcomes, and directly leading initiatives that strengthen growth, cash flow, risk management, and operational performance.
  • Provide senior-level review and guidance on complex or marginal credit decisions for new and existing customers, proactively identifying risk and implementing strategies to reduce delinquency exposure and minimize bad debt losses.
  • Effective collaboration with internal customer facing teams such as sales and marketing to develop and execute credit strategies that support business growth objectives while managing risk.
  • Represent Parker in professional credit associations and industry forums to benchmark global credit practices, identify emerging trends, expand professional networks, and bring forward best-in-class approaches to strengthen the function.
  • Assess global economic conditions, customer trends, industry dynamics, and portfolio risks, and translate insights into clear, actionable guidance for executive leadership and key business stakeholders.
  • Deliver timely, relevant financial and customer intelligence to corporate management to support informed decision-making, risk evaluation, and business strategy execution.
  • Evaluate, champion, and implement innovative technologies, systems, analytics, and business practices that enhance global credit performance, improve efficiency, and strengthen risk management capabilities.
  • Lead enterprise-level reporting for key stakeholders, providing meaningful visibility into credit metrics, portfolio performance, customer risk, business trends, and macroeconomic impacts on Parker's receivables position.
  • Ensure receivable reserves and accruals are appropriately established, reviewed, and maintained in compliance with policy, including bad debt, aged and disputed receivables, returns, and allowances.
  • Champion the development of training, education, and capability-building programs that strengthen technical expertise, leadership effectiveness, and continuous learning across the global credit organization.
  • Ensure effective internal controls, governance, and compliance with Parker corporate policies and Sarbanes-Oxley requirements, including oversight of testing, issue resolution, and sustained control effectiveness.
Qualifications:
  • Bachelor's degree in accounting or finance. Master's degree in business administration or related advanced degree is preferred.
  • Minimum 10 years management experience in corporate credit with a global industrial co.
  • Strong financial acumen
  • Broad trade finance and international credit experience
  • Demonstrated analytical skillsroject management skills
  • Excellent written and oral skills
  • Advanced skills with Microsoft Office and other software applications
  • Willingness and ability to travel domestically and internationally
  • Proven track record of delivering results
  • Strong business leader that includes innovative thinking and a change management driver

About Parker Hannifin

Parker Hannifin is a diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial, and aerospace markets. They are also demonstrating how their interconnected portfolio of motion and control technologies is critical to enabling a cleaner and sustainable world.

Parker Hannifin Careers

Join the vibrant team at Parker Hannifin, a global leader in motion and control technologies, and be part of a company known for its innovative approach and commitment to excellence. At Parker Hannifin, we offer a wide range of job opportunities that allow professionals to advance their careers in an environment that fosters growth, leadership, and diversity.

Work You’ll Do

At Parker Hannifin, every position contributes to our mission of solving the world’s greatest engineering challenges. Our team is composed of highly skilled professionals dedicated to pushing the boundaries of technology and innovation. Whether you are looking for a full-time position, an internship, or a leadership role, Parker Hannifin has a place for you.

Innovate and Lead

Embrace the opportunity to lead projects that redefine industry standards. Parker Hannifin is at the forefront of technological innovation, and our employees are the driving force behind our success. With a culture that values diversity and creative problem-solving, you will work alongside some of the brightest minds in the industry.

Grow Your Career

Parker Hannifin is committed to the professional growth of our employees. With comprehensive training programs and a focus on career development, we ensure that our team members have the resources they need to succeed. Our commitment to professional development is matched by our dedication to promoting from within, providing a clear path for career advancement.

Be Part of a Great Team

Our team at Parker Hannifin is our greatest asset. We pride ourselves on a culture that promotes teamwork, respect, and collaboration. With a global network of professionals, the opportunities for networking and cross-functional collaboration are vast. Join us and be part of a team that is making a difference in the world.

Benefits and Culture

Parker Hannifin offers a competitive benefits package that supports the health, well-being, and financial security of our employees and their families. From health insurance to retirement plans, we provide the benefits that help you live a healthier and more secure life. Our inclusive culture encourages involvement and offers various channels for employees to express their ideas and insights.

Explore Job Opportunities

Are you ready to take the next step in your career? Explore the exciting job opportunities at Parker Hannifin. From engineering to marketing, and from sales to customer service, we have positions that match a wide range of skills and interests. - **Search Parker Hannifin Jobs**: Find open positions that align with your skills and career goals. We are continuously hiring and looking for new talent to join our dynamic team. - **Prepare Your Application**: Tailor your resume and prepare for your interview with us. Show us how your experience and skills make you the perfect fit for Parker Hannifin. - **Internship Programs**: Gain hands-on experience and build your professional network through our internship programs. These opportunities are designed to give you a solid foundation in your chosen field.

Stay Connected

- **Join Our Team**: Stay ahead with career tips, insider perspectives, and industry-leading insights you can put to use today—all from the people who work here. - **Career Development**: Engage in ongoing learning and development programs to enhance your skills and boost your career prospects. - **Job Alert Emails**: Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at Parker Hannifin. At Parker Hannifin, we are not just offering jobs; we are offering careers that make a global impact. Join us and be part of a legacy of leadership, innovation, and diversity.
Learn more about Parker Hannifin
Size
54,640 employees
Market Cap
$37.5 billion
Industry
Manufacturing & Automotive
Net Income
$1.4 billion
Founded
1918
5 Year Trend
+5.7%
Revenue
$13.5 billion
NASDAQ
PH
* Ladders Estimates

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