Credit and Collection Supervisor  

JOB DESCRIPTION

• Engage, manage and work directly to improve the activities of the credit department for the organization.
• Determine what new accounts will be established for new customers by reviewing and researching credit payment history and obtain further information if necessary.
• Evaluate, provide analysis, conclusion and recommendations to determine credit line amounts and
• communicate this information to customers and other team members of the company.
• Review and adjust credit lines on a regular basis or when requested for existing accounts and will revoke lines of credit upon receipt of external information pertinent to financial strength of account.
• Task to enforce the company’s credit policy. Develop processes and procedures for evaluating customer financials and setting and changing credit lines/limits, as well as credit holds; implement liens as necessary to major delinquent account as approved
• Engaged in conducting credit investigations and collecting delinquent accounts and will communicate all credit related issues to senior management.
• Create a credit risk management environment of an acceptable quality, in terms of etablished credit guidelines. Assist in developing sound, acceptable credit policies. Analyze delinquent accounts and prepare report on highest risk accounts including recommendations for resolution.
• Interact with customers to obtain additional credit information to support credit lines. Initiate credits and adjustments to customer accounts within company policy limits
• Reconcile transactions and balances to maintain accurate accounts. Check for credit viability on requests for extended terms, and evaluate various adjustments or exception documents. Submit requests to senior management and supporting documentation for accounts requiring credit lines
• Monitor receivables and collections and provide updates of receivables and provide appropiate reporting procedures. Maintain bad debt and bad debt recovery records. Research and make decisions on finance charges
• Identify problem accounts and provide regular updates of receivables to management. Identify accounts requiring collection agency or legal action and coordinate collections. Negotiate payment programs with delinquent customers with third party contractors.
• Monitor violations of credit policies, provide analysis, conclusion and recommendations, present findings to senior management and suggest actions/penalties to be taken when appropriate.
• Generates legal documents used in the credit function

Requirements:

• Bachelor's degree graduate in accounting, collections, finance
• Minimum of 8 years working experience, 5 years of which in the same capacity in credit management function.
• Understands purpose of legal documentation and terms and conditions of the sales and installations contracts of company’s products.
• Knowledge of financial statements and cash flow analysis, industry/market credit research, liens and bonds.
• Strong communication, interpersonal and leadership skills. Must have excellent negotiation and problem solving skills. Detailed knowledge of required documentation and a thorough knowledge of Lien Laws that govern the transactional relationship between the Customer and the Company.
• Knowledge of contract payment