Commercial Credit Manager: Risk & Collections

Olympic Steel Inc; Bedford (OH); On-site; USD 70,000 - 90,000; Full time

Job summary

Olympic Steel Inc. in Bedford, Ohio is seeking a Credit Manager to oversee credit, collections and accounts receivable for a defined division. You will implement policy, supervise staff, and ensure accurate, timely cash flow.

Key duties include reviewing collection reports, researching billing issues, extending credit, establishing credit lines, evaluating risk, and maintaining credit files. You will work with quality control and ensure compliance with safety and regulatory requirements.

Qualifications

• Bachelor’s degree in a 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

Microsoft Office

Interpersonal communication

Verbal communication

Written communication

Analytical skills

Education

Bachelor’s degree in related field

Job description

Olympic Steel Inc. in Bedford, Ohio is seeking a Credit Manager to oversee credit, collections and accounts receivable for a defined division. You will implement policy, supervise staff, and ensure accurate, timely cash flow.

Key duties include reviewing collection reports, researching billing issues, extending credit, establishing credit lines, evaluating risk, and maintaining credit files. You will work with quality control and ensure compliance with safety and regulatory requirements.