Credit and Collections Director leads the overall credit function. Designs and implements processes to improve cash flow and reduce receivables. Being a Credit and Collections Director develops policies regarding the investigation of customers, extension of credit lines, and collections. Consults with current and future clients regarding their level of credit. Additionally, Credit and Collections Director oversees the negotiation and course of action taken for overdue accounts. Typically requires a bachelor's degree. Typically reports to top management. The Credit and Collections Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Credit and Collections Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)
Team EJP is currently hiring for an energetic, team oriented individual to join our Finance team as a Credit and Collections Analyst 1.
As Credit and Collections Analyst 1 you will be responsible for monitoring a portfolio of accounts and conduct daily calls to internal partners and various past due customers, including the collection of funds owed, in a B2B environment, compiling and structuring loan application packages for presentation and approval, coordinating and documenting the onboarding of new customers, and provide support to internal and external customers.
Additional Duties and Responsibilities Include:
- Reconciliation of payment deductions; process payments, credits and refunds
- Research account variances and provide resolution to billing and misapplied payment issues
- Update ERP with payment status, ongoing communication
- Prepare weekly reports on account status for the Regional & Divisional Managers
- Monitor customer order activities, accounts receivable and payment history on a daily basis to identify risk and ensure adherence to credit terms
- Escalate key issues to Credit Manager, Sales Management and Operational Leadership of potential credit risks in portfolio to determine next plan of action
- Record retention to support audit controls
- Collaborates and problem solves with key members of the organization’s Finance and Sales teams
- Maintains confidentiality and uses utmost discretion with matters including but not limited to personal and or financial information in the duties of the position
- Performs other duties and responsibilities as necessary
Qualifications:
BENEFITS:
Team E.J. Prescott, Inc. is a 68-year-old, family-owned waterworks supply company. We distribute water, wastewater, stormwater, geotextile and erosion control products in 28 locations across nine Northeast states. We also have four sister companies that provide fabrication and delivery services to our clients. We are one of the largest independently owned waterworks supply companies in the United States, and we pride ourselves on innovation and customer service.
E.J. Prescott is an equal opportunity, affirmative action employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status, or any other status protected by law.
Job Type: Full-time
Weekly day range:
Work setting:
Work Location: In person