Credit Manager - Modern Machinery

The Credit Manager is responsible for overseeing the accounts receivable process, while leading and managing the accounts receivable team to ensure efficient and effective payment collection. This role involves evaluating customers' creditworthiness, managing credit limits, ensuring timely collections, and maintaining accurate records of receivables. The Credit Manager will work closely with internal departments and external customers to minimize credit risk to help contribute to the company's financial stability.

The annual salary range for this position is: $85,000 to $105,000. This is an exempt position and is not eligible for overtime pay.

BENEFITS:

• Medical, Dental, Vision, and Prescription Insurance
• 401k/Roth Retirement Savings Plan with Company Match
• Paid Time Off (Vacation, Sick, Holiday, and Bereavement)
• Participation in Annual Incentive Plan (AIP)
• Gym Membership Reimbursement Program
• Family Scholarship Program
• Employee Assistance Program
• Company Paid Life Insurance
• Company Paid Disability Benefits

Modern Machinery is an Equal Opportunity EmployerEDUCATION AND EXPERIENCE:

• Bachelor's degree in accounting, finance, business administration, or related field.

• Proven experience (5+ years) in credit management, accounts receivable, or a similar role required .

• Minimum 3-year supervisory/management experience required .

• Strong leadership abilities and experience managing a team.

• Strong knowledge of credit evaluation methods, financial analysis, and risk management.

• Proficiency with accounting software (e.g., SAP, Oracle, Billtrust) and Microsoft Office Suite, especially Excel.

• Excellent analytical, problem-solving, and negotiation skills.

• Exceptional communication and interpersonal skills.

REQUIRED SKILLS/JOB REQUIREMENTS:

• The individual in this position should be personable, highly motivated, detail oriented with the ability to work in a fast-paced environment.

• Provide exceptional customer service.

• Personal accountability and self-management to prioritize and complete all tasks required of the position.

• Ability to manage relationships both internally and externally.

• Teamwork: cooperate and support others within the branch and the Modern Machinery organization.

PRIMARY RESPONSIBILITIES

• Demonstrate Modern Machinery's core values and promote the mission and vision of the company.

• Follow all company policies and procedures for safe work procedures and contribute to the achievement of company safety goals.

• Manage and lead the accounts receivable team, ensuring proper training, motivation, and performance management.

• Collaborate with the sales, finance, parts and service teams to resolve disputes and maintain strong customer relationships.

• Oversee the entire accounts receivable process, payment posting, and collections.

• Assess and approve or decline credit applications for new and existing customers based on financial statements, credit history, and risk factors.

• Set and review customer credit limits regularly.

• Monitor outstanding receivables and follow up with customers to resolve overdue payments.

• Develop and implement strategies to improve cash flow and reduce overdue balances.

• Prepare and present regular reports on accounts receivable status, aging, and collection performance.

• Analyze accounts receivable data to identify trends, risks, and opportunities for improvement.

• Provide information for financial forecasting of cash collections.

• Ensure that credit policies and procedures are communicated clearly to internal teams and customers.

• Ensure compliance with company policies, relevant laws, and industry regulations related to credit and collections.

• Maintain accurate and organized records of credit approvals, customer accounts, and communications.

• Work with auditors and external stakeholders as necessary.

The responsibilities described above are the general nature and levels of work performed but are not intended to be a complete comprehensive list of all the duties, activities, and responsibilities required of job incumbents. Responsibilities, duties, and activities may change at any time with or without notice.