Credit & Treasury Manager

We are a Chicago-based distribution company in growth mode with employees across the United States. We offer employees unlimited PTO, a 401K match, company equity shares, and learning opportunities.

Job Summary

The Credit & Treasury Manager is responsible for managing the organization’s credit activities and department as well as assist with Cash Management and Cash Forecasting.

Job Description

• Manages credit approval process, including but not limited to processing credit applications and initiating inquiries into customer’s bank and trade references.
• Assesses the creditworthiness of potential customers, including establishing payment terms and credit limits; handles special credit arrangements and deviations from standard terms of payment.
• Assist with the development of cash flow forecasts including projected receivable / payable activity to anticipate short term liquidity needs.
• Analyze forecasted variances including trends and deviations between actual and forecast cash flows and provide insights to aid in decision making around funding and cash allocation.
• Provide necessary financial information to ensure compliance with bank agreements.
• Direct follow-up on customer short pay or billing disputes.
• Responds to credit inquiries from other companies.
• Maintains customer payment histories and adjusts customer credit limits and terms as necessary.
• Reviews the DSO, aging report and coordinates collection of past due amounts.
• Analyzes credit data and financial statements of individuals or businesses to identify the degree of risk involved in lending money or extending credit.
• Evaluate customer records and recommend payment plans based on earnings, savings data, payment history, and purchase activity. Assist with investigation of discrepancies.
• Establishes and maintains customer credit files and / or database; continually reviews customers’ credit histories and adjusts customer credit limits and terms as necessary.
• Reviews collections reports to ascertain status of collections and outstanding balances and to evaluate effectiveness of current collection policies and procedures.
• Audits delinquent accounts to ensure maximum efforts have been taken before assigning bad debt status to account.
• Assists with the establishment and implementation of credit policy; recommends adjustments as needed.
• Ensure liens as well as bonds are in place were appropriate.
• Composes reports detailing the degree of risk involved in credit request; recommends approval or denial based on results.
• Sets minimum or maximum terms of repayment for customers based on earnings, savings data, payment history, and purchase activity.
• Resolves customer complaints and verifies transactions through consultation.
• Establishes and implements procedures to achieve monthly collection goals; monitors collection activities and assists when appropriate.
• Interfaces with appropriate personnel and managers to exchange information and update records and collaborate cross‑functionally.
• Establishes, implements, and monitors credit policy; makes and communicates adjustments as needed.
• Hires, trains, supervises, motivates, and develops credit team.
• Assigns duties and monitors quality of work; assures staff conforms to organizational policies and procedures and government regulations.
• Provides day‑to‑day guidance and oversight of subordinates; actively works to promote and recognize performance.
• Keeps up to date on overall activities of the team, identifying problem areas and taking corrective actions.

Qualifications

Seniority level

Employment type

Job function

Industries

Benefits

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