Credit Specialist

Credit Specialist

Job Posting Location : Racine, WI

Posting Start Date : 8 / 11 / 25

Req Id : 4231

Required Travel : 0 - 10%

Remote, Onsite or Hybrid? : Hybrid

At Modine, we are engineering a cleaner, healthier world. Building on more than 100 years of excellence in thermal management, we provide trusted systems and solutions that improve air quality and conserve natural resources. More than 13,000 employees are at work in every corner of the globe, delivering the solutions our customers need, where they need them. Our Climate Solutions and Performance Technologies segments support our purpose by improving air quality, reducing energy and water consumption, lowering harmful emissions and enabling cleaner running vehicles and environmentally-friendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (USA), with operations in North America, South America, Europe and Asia. For more information about Modine, visit www.modine.com.

Position Description

The Credit Specialist will be responsible for managing collection of customer's accounts, minimizing Modine's exposure to customer credit risk and bad debt, setting credit terms / limits for customers and ensuring customer short / overpayments are cleared in a timely manner. The Credit Specialist will interact with various Modine groups to ensure DSO, aging, and customer term changes are managed appropriately.

Key Responsibilities

• Reduce aged receivable balances through account reconciliation using customer web sites and proactive review of outstanding invoices.
• Reconcile customer accounts and perform clearings in SAP maintenance transactions.
• Prepare and distribute customer statements.
• Recommend customers for credit hold, work with internal sales group to implement LOC's, CIA and / or seek legal action on past due customer accounts as necessary.
• Apply customer payments to assigned accounts.
• Manage the customer debit resolution process by proactively working with Inside Sales, Outside Sales, Warranty, Plant Personnel, and others as applicable. This includes responsibility for pricing reconciliations to ensure amount owed and due is accurate and resolved.
• Perform pricing reconciliations to remediate customer short and overpayments in a timely fashion.
• Minimize bad debt losses by performing customer credit analysis to adjust customer credit limits and payment terms and propose changes to the credit supervisor.
• Propose new customer credit limits and payment terms by analyzing credit worthiness and company stability through use of D&B reports, credit applications, purchase order reviews, and company financial statement analysis.

Required Education & Qualifications

Modine is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by law. Modine provides a competitive benefit package, which could include paid vacation, short term disability, 401(k), health, dental, vision, life insurance, flex spending benefits, tuition reimbursement, Health Savings Account and much more. Human Resources will provide more detail upon your hiring.