Credit Analysis Manager develops and implements procedures for analyzing the creditworthiness of prospective and current customers. Manages a group of credit analysts and approves requests for credit extensions based on analyst recommendations. Being a Credit Analysis Manager may personally handle larger/more complex accounts. Requires a bachelor's degree. Additionally, Credit Analysis Manager typically reports to a head of a unit/department. The Credit Analysis Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Credit Analysis Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)
The Credit Manager will work under the general direction of the Company Controller and will be responsible for assessing the creditworthiness of potential customers, managing credit lines, cash application, coordinating the invoicing process, and supervision of all functions related to credit and accounts receivable. The Credit Manager will collaborate with cross-functional teams, including sales, finance, distribution, and customer service, to optimize credit terms, collections processes, and invoicing efficiency.
Tyler Pipe, as a subsidiary of McWane, Inc., is a nationwide leader in manufacturing cast iron soil pipe and fittings located in Tyler, Texas. Based on the founding principles of McWane in 1920, it is expected that all team members will know and exhibit the eight principles of The McWane Way: Safety, Environment, Leadership, Accountability, Excellence, Trust, Teamwork, and Communication as well as the values and behaviors supporting these principles.
If you're dedicated and tenacious, then Tyler Pipe is an excellent place to advance your career. Don't hesitate to apply!
Credit Analysis:Evaluate the creditworthiness of new and existing customers.Conduct detailed financial analyses, including credit reports, financial statements, and payment histories.
Credit Policy Compliance:Implement credit policies in line with corporate and group policy.
Credit Limit Management:Set appropriate credit limits for customers based on risk assessment.Monitor and adjust credit limits as needed to minimize financial exposure.
Invoicing Process:Lead all aspects of the end-to-end invoicing process, ensuring accuracy and timeliness.Collaborate with billing and accounts receivable teams to facilitate invoicing procedures.
Supervision of Credit Department:Lead and supervise a team of collection and accounts receivable associates. Provide mentorship, training, and support to ensure the credit department's efficiency and effectiveness.
Collections Management:Coordinate the collections process, working closely with collections teams to ensure timely and effective resolution of outstanding accounts receivable emphasizing diplomacy and good judgment in achieving positive results.
Account Receivable:Application and reconciliation of cash to customer accounts. Documentation and resolution of short pays and deductions. Updating and maintenance of ERP customer files. Management of customer tax exemption compliance.
Communication and Collaboration:Collaborate with sales teams to assess potential risks associated with new customers and arrange favorable credit terms.Communicate credit decisions, invoicing procedures, and policies to relevant partners.
Risk Mitigation:Implement strategies to minimize credit risk and exposure.Identify and address potential issues in a proactive manner.
Reporting and Analysis:Generate regular reports on credit and invoicing performance, providing insights to senior management.Analyze data to identify trends and areas for improvement.
Bachelor’s degree or equivalent experience in Finance, Accounting, or a related field.
Proven experience as a Credit Manager or in a similar credit-related role within a manufacturing environment.
Strong understanding of financial analysis, credit scoring, risk assessment, and invoicing processes.
Proficiency in using credit management and invoicing software, as well as Microsoft Office Suite. Prior experience working within the Microsoft D365 ERP System preferred.
Knowledge of EDI processes and state tax exemption compliance preferred.
Previous experience in supervising and leading a credit department.
Excellent communication and negotiation skills.
Meticulous with strong organizational and analytical skills.
Ability to work independently and collaboratively in a team environment.
Some overnight travel required.
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