Credit and Collections Specialist

Job Description

What You'll Be Doing: Perform daily customer collections activities to maximize timely collections and minimize uncollectible adjustments. Negotiate repayment plans with delinquent customers. Continuously reconcile customer and GL accounts. Provide standard and ad-hoc reporting to management, such as monthly A/R aging reports and related summaries, risk analysis, and assist with quarterly audit reports. Forecast cash collections and analyze historic payment trends. Perform credit analysis of new and existing customers daily. Approve and recommend credit limits appropriate to the risk profile through diligent risk assessment and monitoring. Highlight significant credit risk and collection issues to senior management. Review contractual payment terms and approve or make recommendations. Coordinate with internal partners including Sales, Finance, Tax, OM, and Legal. Automate systems and processes, update internal policies, procedures, and controls where necessary. The Impact You Will Have: Ensure timely collection of payments, positively impacting the company's cash flow. Mitigate financial risks by conducting thorough credit analyses and monitoring customer accounts. Enhance the accuracy and reliability of financial reporting through diligent reconciliation and analysis. Support strategic decision-making with comprehensive risk assessments and financial forecasts. Foster strong relationships with customers, improving overall satisfaction and retention. Drive process improvements, contributing to the efficiency and effectiveness of the finance function. What You'll Need: Proficiency in SAP, particularly the FSCM Collections Module is a plus. Advanced Microsoft Excel skills. Proven track record of driving process efficiencies. Bachelor's degree in finance or a related field (optional). M&A experience is a plus.