Commercial Credit Manager - Collections & Risk

Olympic Steel; Bedford (OH); On-site; USD 70,000 - 100,000; Full time

Job summary

Olympic Steel, headquartered in Bedford, OH, seeks a Credit Manager to lead the credit function for a defined division, overseeing credit, collections, and accounts receivable, and managing the credit staff to enforce policy.

The role requires a Bachelor’s degree and 3+ years of commercial credit experience, with strong MS Office and interpersonal communication skills. You will analyze credit requests, establish credit lines, and maintain accurate records.

Qualifications

• Bachelor’s Degree in related field.
• 3+ years of commercial credit experience.
• NACM Member.
• Ability to participate in preventative actions where appropriate, conduct corrective actions and perform problem solving analysis and reporting as required.
• Skilled at Microsoft Office Applications.
• Skilled at interpersonal, verbal and written communication.
• Ability to observe and comply with all safety, environmental, regulatory, and statutory requirements.

Responsibilities

• Reviews collection reports to ascertain status of collections and balances outstanding and to evaluate effectiveness of current collections policies and procedures.
• Researches and investigates billing issues for corrective action.
• Prepares management reports and maintains credit files to meet “Due Diligence” requirements.
• Extends credit to customers in accordance with the established company policy and terms.
• Analyzes requests for credit to ascertain what information and security will be required to arrive at a sound decision.
• Establishes credit lines for individual accounts and makes all credit arrangements.
• Handles credit beyond subordinates’ authority, major accounts requiring individual attention, marginal accounts, problem accounts, special credit arrangements, and deviations from standard.
• Works with quality control to provide explanations for denial of rejected material to customers.
• Maintains credit records to monitor credit lines.
• Establishes/Maintains credit limitations on customer accounts within acceptable standards.
• Audits delinquent and “uncollectible” accounts, ensuring efforts have been taken before assigning bad debt status to account.
• Classifies accounts according to credit risks and contacts customers for payment.
• Audits customers’ accounts to ensure proper application of funds.
• Maintains database of customers’ information, updating limits and records every 18 months.
• Meets with customers to improve credit relationships and obtain financial information.
• Handles credit inquires and correspondence.
• Follows closely the course of aging accounts and determines action to be taken on delinquent accounts.

Skills

Credit management

Collections

Analytical thinking

Communication

Problem solving

Education

Bachelor’s Degree in related field

Tools

MS Office

Job description

Olympic Steel, headquartered in Bedford, OH, seeks a Credit Manager to lead the credit function for a defined division, overseeing credit, collections, and accounts receivable, and managing the credit staff to enforce policy.

The role requires a Bachelor’s degree and 3+ years of commercial credit experience, with strong MS Office and interpersonal communication skills. You will analyze credit requests, establish credit lines, and maintain accurate records.