Corporate Credit Manager

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

Since 1954, Olympic Steel has been focused on safe, profitable, and sustainable growth through the direct sale of a wide range of processed metal products and several metal-intensive branded products. Guided by our Core Values, we put safety first – always, and we believe in cultivating an inclusive workplace where employee belonging, and empowerment are foundational to everything we do. Olympic Steel offers employees the best of both worlds: the culture and community of a closely connected team with the resources, opportunity and stability of a large, growing organization. Learn more about Olympic Steel at iamolympicsteel.com.

Job Description

The Credit Manager manages the credit function for a defined division/region of the company. This position is responsible for executing credit, collections, and accounts receivable policies and procedures, as well as managing the activities of the credit staff in a defined division/region of the company.

• 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

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

Why Work for Olympic Steel

Olympic Steel offers comprehensive benefits, including:

• Medical, dental, and vision benefits
• Paid holidays and vacation
• 401(k) with employer match
• Tuition reimbursement & Employee Discount Programs
• Referral program

We offer more than a competitive total compensation package. We provide our employees the ability to build a meaningful life-long career. When you work at Olympic Steel, you can make a significant impact – at our company, in the local community and in the world. For a comprehensive view of our benefits visit Steelperks.com.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.