Director of Credit | Temperature Equipment Corp & National Excelsior
by
System
| 04/06/2023
Lansing, Illinois, Director of Credit & Collections
Temperature Equipment Corporation (TEC), a WATSCO (WSO) Company, has been an industry leader known for technical expertise, value, best-in-class product availability, and driving customer loyalty for nearly 90 years and counting. TEC is also the Midwestern states largest distributor of air conditioning, heating, and refrigerant equipment, related parts, and supplies. We offer exceptional compensation packages; full benefits include health, dental, life, and AD&D insurance, paid holidays & vacation, and 401(k) with company matching.
Job Description
The Director of Credit and Collections position will oversee and manage the Credit team to include training, monitoring staff portfolio of accounts, produce and work with aging reports, minimize bad debt exposure, and identify process improvement opportunities.
This position is responsible for the credit processes to include application procedure, creditworthiness assessment, and periodic reviews for a portfolio of customers.
Primary Responsibilities
Oversee the overall Credit and Collections function as an organization, direct staff and activities on income from product sales
Collaborate with top management to set operational standards and contribute essential information to strategic plans
Drive Credit Automation in partnership with IT and third party software providers
Understand complex customer programs and ensure creditworthiness standards are maintained
Manage and oversee document retention. Ensure that tax exemption certificates are valid and maintained within the ERP system
Monitor each AR portfolio for non-payment, delayed payments and other irregularities that directly effects cash flow and DSO
Maintain and enforce lien rights
Determine accounts that should be placed on credit hold
Minimize bad debt exposure maintaining the aging at acceptable levels by driving accountability of the team to resolve open items
Evaluate credit analysis for new and existing customer accounts according to established guidelines
Approve commercial jobs to make sure we are secured
Assist in the month end closing process
Interact regularly with other internal departments to provide the highest level of customer service
Ensure that established SOX compliancy standards are met
Bachelor’s Degree in accounting, finance or business management
10+ years Credit Management experience preferably within a publicly traded organization
Experience building and leading teams
Strong experience using MS Office Suite (Outlook, Excel, Word)
Construction industry experience is a plus
Experience with Esker TermSync Collection system and Esker Credit Management module a plus