Manager, Credit & Accounts ReceivableOverviewSummary:The
Manager, Credit & Accounts Receivable will report to the VP, Controller and be responsible for leading the credit, collections, and accounts receivable functions. This role will oversee internal controls, credit risk assessment, dispute resolution, collection performance, and AR reporting. In addition, this role will manage bankruptcy processes and provide strategic oversight to a team of Collection and AR Specialists, ensuring operational efficiency and strong cash flow management.
Supervisory Responsibilities:- Recruits, interviews, hires, and trains new staff.
- Oversees the daily workflow of assigned staff.
- Provides constructive and timely performance evaluations.
- Handles discipline and termination of employees in accordance with company policy.
Key Responsibilities: - Lead the credit and collections team to continually achieve operation excellence
- Optimize cash collection, customer portfolio management, and credit risk mitigation by ensuring effective collections processes and timely billing practices
- Demonstrate a thorough understanding of Royal Cup's credit/collections and accounts receivable operations, services, and activities
- Assess and communicate performance deviations to plan (Strategy Deployment)
- Establish aging, cash, and DSO goals/KPIs and monitor forecast to plan
- Cultivate/strengthen relationships with field sales personnel
- Establish bad debt allowance and approve write-offs within schedule of authority
- Ensure compliance with policy and regulatory requirements
- Update and distribute monthly AR and portfolio activity reports
- Generate comprehensive reports specific to AR performance
- Continuously monitor high-exposure accounts, utilizing internal/external sources
- Oversight of the credit review process, maintenance of credit application flow, and credit scoring models
- All other duties as assigned
Minimum Qualifications:- Bachelor's Degree (preferably in Accounting, Business Administration, or another related field) and/or the equivalent in education and work experience.
- 5+ years of progressive management and leadership experience
- Proven track record of achieving financial targets and objectives (i.e., DSO), productivity, and process cost
- Ability to think strategically, act operationally and manage risk
- Strong financial analysis abilities
- Excellent communication skills, verbal, written, and presentation
- Ability to calmly de-escalate hostile situations to the best possible resolution
- Proficient in MS Windows and Office, including Outlook, Word, Excel, PowerPoint and able to learn and apply company technology software and programs
- Ability to manage others, objectively monitor performance and provide constructive feedback as needed
- The ability to successfully complete the pre-employment process
Preferred Qualifications:- 10+ years in commercial credit and collections
- Certified Credit Executive (CCE), NACM Membership preferred
- Prior experience with SAP preferred
Physical Requirements:- Prolonged periods of sitting at a desk and working on a computer
- Frequent sitting, standing, walking, reaching, typing, reading, talking, and hearing
- The ability to lift up to 10 pounds, on occasion, with or without assistance
BENEFITS:Royal Cup Coffee offers a competitive compensation plan and a comprehensive benefits program. On top of being a part of a well-caffeinated team, the benefits program includes healthcare, dental, vision, 401(k), company-paid life and disability insurance, Flexible Spending Account plan, select tuition reimbursement, paid parental leave, remote work opportunities, paid holidays, and vacation time. We also provide ongoing training that is designed to provide maximum success for our employees.
