SUMMARY
The credit and accounting supervisor is accountable for the entire credit granting process, including the consistent application of a credit policy, periodic credit reviews of existing customers, and the assessment of the creditworthiness of potential customers, with the goal of optimizing the mix of company sales and minimizing bad debt losses. This position is also responsible for collecting, monitoring and managing past due outstanding balances and driving improvement.
Credit Supervisor Duties:
Develop target measures of collections to manage accounts receivable.
Oversee the day-to-day collection activities to ensure the timely receipt of receivables and achievement of target levels for collections.
Conduct / review investigations and verification of financial status and reputation of prospective customers applying for credit, including documentation to substantiate findings, both domestic and international. Systematic update of existing customer lines as well.
Ensure compliance to Company's Revenue Recognition Policies.
Month-end past due report and metrics.
Design and implement processes to improve Cash Flow and reduce receivables.
Coordinate execution of Letters of Credit for acceptability and risk.
Recommend rejection or approval of credit applications in accordance with DLA.
Handle special credit arrangements and deviations from standard terms of payment.
Develop effective communications with Sales, Parts and Service with the authority of the Controller to keep all parties informed of credit concerns, collections problems, and updated controls. Work with Sales and/or the Controller to escalate matters appropriately.
Oversee fraud investigations and determine possible legal action and collection for worthless checks and delinquent accounts.
Audit delinquent accounts considered to be uncollectible to ensure maximum efforts have been taken before assigning bad debt status.
Negotiate payment plans and/or settlements subject to management approval and ensure that payment plans are adhered to.
Submit delinquent accounts to court or outside agency for collection.
Stay current with and advise of industry best practices, new developments and trends in the collections and accounts receivable profession.
Manage collection function and assist in developing accounting staff.
Accounting Supervisor Duties:
Month-end duties to include Accounts Receivable Journal Entries, Intercompany reconciliations, Customer Advance Payment reconciliations
Quarter-end duties to include SOX requirements, Revenue Recognition requirements.
Sales Exempt position. Hours over 40 per week can be expected, especially at Month-End, Quarter-End and Year-End.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
5+ years of credit experience. Bachelor's degree in business and experience with credit scoring systems preferred. Possesses a thorough knowledge of credit-related laws. Possesses considerable experience with customer negotiations. Credit professional certifications desired.
Proficient in word, excel and able to adapt to different computer software. Excellent communication skills, able to work independently with little supervision. Proficient at problem solving.
LANGUAGE SKILLS
Ability to read and interpret documents such as computer system manuals and policy & procedure manuals. Ability to write routine reports and correspondence. Ability to communicate positively with vendors and employees of the organization, as well as customers.
MATHEMATICAL SKILLS
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages. Ability to apply concepts of basic algebra.
REASONING ABILITY
Ability to define problems, collect data, establish facts and draw valid conclusions.
OTHER SKILLS AND ABILITIES
The ability to work with computer software - ADP Payroll, Sure Tax, Navision ERP (NAV) and Microsoft Office Suite strongly preferred. Experience working with Global businesses, vendors and staff preferred.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit. The employee is occasionally required to use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee must regularly lift and/or move up to 10 pounds and frequently lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and ability to adjust focus.
WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually negligible.
AMETEK is committed to making a safer, sustainable, and more productive world a reality. We use differentiated technology solutions to solve our customers' most complex challenges. We employ 18,500 colleagues, in 30 countries, that are grounded by our core values: Ethics and Integrity, Respect for the Individual, Diversity and Inclusion, Teamwork, and Social Responsibility. AMETEK (NYSE:AME) is a component of the S&P 500. Visit www.ametek.com for more information.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class. Individuals who need a reasonable accommodation because of a disability for any part of the employment process should call 1 (866) 263-8359.
Nearest Major Market: Tulsa
Nearest Secondary Market: Oklahoma
