Credit Manager
Credit ManagerJob ID2023-3234CategoryAccounting & FinanceJob LocationsUS-IL-NilesWorkplace ArrangementHybrid, RemoteOverviewDue to the continue growth of our company, we have an exciting new opportunity for a Credit Manager to join our Finance team.
The Credit Manager works on a global level to determine credit limits and protects company assets by investigating and assessing credit worthiness and overall risk of current and potential customers.
Accepts or rejects applications for credit and is responsible for examining and verifying the information provided on customer applications, credit reports, and financial documents.
May establish credit guidelines, requirements, and repayment schedules for assigned customers.
Complies with confidentiality laws and all local, federal, and global collection and data protection laws.
This position can be remote from anywhere in the US.
ResponsibilitiesProvides analysis and interpretation of the customers' financial status for proper evaluation of risk and the establishment of proper credit limits, requirements and repayment schedules within designated approval levels.
Manages and monitors the credit portfolio in order to meet DSO(Days Sales Outstanding), delinquency, and collection effectiveness targetsApplies knowledge of core credit competencies to develop solutions and resolve issues when participating in assigned project teams.
Demonstrate a clear understanding of Risk Modeling and its use in credit monitoringMakes independent credit decisions within designated approval levels, establishes new credit lines, and maintains existing accounts.
Interfaces with sales organization/assigned Business Unit's/internal support departments on a regular basis to communicate credit decisions, timely review of new customers, review orders on credit hold, expedited orders, and to find solutions to customer issues.
Negotiates documentation and payment terms with customers to ensure transactions are properly secured.
Develops and provides reports to management on outside credit inquiries, accounts for collection, bad debt write-offs, and monthly customer statement review.
Develops plans for mitigating bad debt losses.
Analyzes and reports on credit memo and write-off activity.
Represents the Company at credit association meetings and trade shows.
Other duties as assignedQualificationsBachelor's degree in Accounting, Finance or related field.
Minimum of 7 years of experience using skills as a seasoned, experienced professional in Credit and Collections including a vast understanding of credit reporting agenciesCertified Credit Executive (CCE) designation or similar certification is a plus.
Has a full understanding of industry practices, company policies and procedures, and current laws and legislation.
Proficient in reading and interpreting financial statements for the purpose of underwriting credit.
Prior experience with UCC filings and personal guarantees.
SAP/S4HANA experience is a plus.
Able to work on problems of diverse scope where analysis of data or situations requires evaluation of identifiable factorsDemonstrates good judgment in selecting methods and techniques for obtaining solutions for difficult assignments and of diverse scope.
Able to provide guidance to subordinates within the latitude of established company policies.
Experience with advising subordinates how to meet schedules and/or resolve technical problems.
Excellent written and verbal communication skillsAble to manage relationships both internally and externallyStrong audit background as well as problem solving and customer service skillsAble to work in a fast-paced environmentWHO WE AREShure's mission is to be the most trusted audio brand worldwide - and for nearly a century, our Core Values have aligned us to be just that.
Founded in 1925, we are a leading global manufacturer of audio equipment known for quality, reliability, and durability.
We engineer microphones, headphones, wireless audio systems, conferencing systems, and more.
And quality doesn't stop at our products.
Our talented teams strive for perfection and innovate every chance they get.
We offer an Associate-first culture, flexible work arrangements, and opportunity for all.
Shure Incorporated is headquartered in Niles, Illinois, with remote and hybrid opportunities throughout the United States.
We have more than 35 regional sales offices, engineering hubs, and manufacturing facilities throughout the Americas, EMEA, and Asia.
THE MIX MATTERSDon't check off every box in the job requirements? No problem! We recognize that every professional journey is unique and are committed to providing an equitable candidate experience for all prospective Shure Associates.
If you're excited about this role, believe you've got the skills to be successful, and share our passion for creating an inclusive, diverse, equitable, and accessible work environment, then apply!#LI-REMOTE Recommended Skills Auditing Certified Credit Executive Communication Confidentiality Consulting Customer Service Estimated Salary: $20 to $28 per hour based on qualifications.
The Credit Manager works on a global level to determine credit limits and protects company assets by investigating and assessing credit worthiness and overall risk of current and potential customers.
Accepts or rejects applications for credit and is responsible for examining and verifying the information provided on customer applications, credit reports, and financial documents.
May establish credit guidelines, requirements, and repayment schedules for assigned customers.
Complies with confidentiality laws and all local, federal, and global collection and data protection laws.
This position can be remote from anywhere in the US.
ResponsibilitiesProvides analysis and interpretation of the customers' financial status for proper evaluation of risk and the establishment of proper credit limits, requirements and repayment schedules within designated approval levels.
Manages and monitors the credit portfolio in order to meet DSO(Days Sales Outstanding), delinquency, and collection effectiveness targetsApplies knowledge of core credit competencies to develop solutions and resolve issues when participating in assigned project teams.
Demonstrate a clear understanding of Risk Modeling and its use in credit monitoringMakes independent credit decisions within designated approval levels, establishes new credit lines, and maintains existing accounts.
Interfaces with sales organization/assigned Business Unit's/internal support departments on a regular basis to communicate credit decisions, timely review of new customers, review orders on credit hold, expedited orders, and to find solutions to customer issues.
Negotiates documentation and payment terms with customers to ensure transactions are properly secured.
Develops and provides reports to management on outside credit inquiries, accounts for collection, bad debt write-offs, and monthly customer statement review.
Develops plans for mitigating bad debt losses.
Analyzes and reports on credit memo and write-off activity.
Represents the Company at credit association meetings and trade shows.
Other duties as assignedQualificationsBachelor's degree in Accounting, Finance or related field.
Minimum of 7 years of experience using skills as a seasoned, experienced professional in Credit and Collections including a vast understanding of credit reporting agenciesCertified Credit Executive (CCE) designation or similar certification is a plus.
Has a full understanding of industry practices, company policies and procedures, and current laws and legislation.
Proficient in reading and interpreting financial statements for the purpose of underwriting credit.
Prior experience with UCC filings and personal guarantees.
SAP/S4HANA experience is a plus.
Able to work on problems of diverse scope where analysis of data or situations requires evaluation of identifiable factorsDemonstrates good judgment in selecting methods and techniques for obtaining solutions for difficult assignments and of diverse scope.
Able to provide guidance to subordinates within the latitude of established company policies.
Experience with advising subordinates how to meet schedules and/or resolve technical problems.
Excellent written and verbal communication skillsAble to manage relationships both internally and externallyStrong audit background as well as problem solving and customer service skillsAble to work in a fast-paced environmentWHO WE AREShure's mission is to be the most trusted audio brand worldwide - and for nearly a century, our Core Values have aligned us to be just that.
Founded in 1925, we are a leading global manufacturer of audio equipment known for quality, reliability, and durability.
We engineer microphones, headphones, wireless audio systems, conferencing systems, and more.
And quality doesn't stop at our products.
Our talented teams strive for perfection and innovate every chance they get.
We offer an Associate-first culture, flexible work arrangements, and opportunity for all.
Shure Incorporated is headquartered in Niles, Illinois, with remote and hybrid opportunities throughout the United States.
We have more than 35 regional sales offices, engineering hubs, and manufacturing facilities throughout the Americas, EMEA, and Asia.
THE MIX MATTERSDon't check off every box in the job requirements? No problem! We recognize that every professional journey is unique and are committed to providing an equitable candidate experience for all prospective Shure Associates.
If you're excited about this role, believe you've got the skills to be successful, and share our passion for creating an inclusive, diverse, equitable, and accessible work environment, then apply!#LI-REMOTE Recommended Skills Auditing Certified Credit Executive Communication Confidentiality Consulting Customer Service Estimated Salary: $20 to $28 per hour based on qualifications.
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