Credit and Collection Specialist

Inline Plastics; Shelton (CT); On-site; USD 50,000 - 75,000; Full time

Job summary

A leading company in the packaging industry seeks a Credit and Collection Specialist to manage its credit processes and ensure timely payments. The successful candidate will be responsible for invoicing, maintaining account records, and collaborating with internal teams to resolve payment issues, contributing to the financial health of the organization.

Qualifications

• 3 years of experience in credit and collections or accounts receivable.
• Strong skills in Microsoft Excel for financial analysis.

Responsibilities

• Conduct reference checks and financial statement reviews.
• Issue invoices and manage collection of outstanding balances.
• Ensure accurate records in the accounts receivable ledger.

Skills

Microsoft Office

Financial data management

Customer follow-up

Education

Four-year degree in Accounting or Finance

Job description

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Job Summary

A

Essential Job Responsibilities

Other duties/functions may be added or assigned.

• Conduct reference checks, running D&B reports, and obtaining financial statements as needed. Prepare applications for review by the CFO, ensuring all necessary information is complete and accurate for evaluation.
• Responsible for issuing invoices and ensuring they are sent to customers in a timely manner, while confirming receipt to guarantee smooth and efficient payment processing
• Responsible for collecting all outstanding balances. Stay proactive in sending collection emails, follow-ups, and customer statements to prevent invoices from becoming overdue and ensure timely payments.
• Ensure that cash is applied accurately and promptly to maintain proper account records and support timely financial reporting.
• Release orders within the customer’s credit limit without management review; orders exceeding the limit require management approval.
• Perform chargeback database entries by accurately recording chargeback details, such as amounts, reasons, and customer information, for CX Team use. This ensures up-to-date records for issuing credits or collecting deductions efficiently.
• Ensure accurate posting of invoices, cash applications, and aging reports to maintain precise financial records and support accurate financial reporting.
• Reconcile general ledger accounts related to accounts receivable by verifying that all transactions, including invoices, payments, and adjustments, are accurately recorded and aligned with the AR sub-ledger to ensure financial accuracy and integrity.
• Responsible for providing necessary information and documentation to support the audit process, ensuring accuracy and compliance with audit requirements.
  
  

Job Summary

A Credit & Collection Specialist is responsible for managing the credit and collection processes within an organization to ensure timely payments and reduce the risk of bad debts. This role involves tracking outstanding balances and following up on overdue payments. The specialist collaborates with customers and internal teams to resolve payment disputes, provides regular reports on the status of collections, and ensures compliance with company policies and regulations.

Essential Job Responsibilities

To perform this job successfully, an individual must be able to perform each essential functions/duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Other duties/functions may be added or assigned.

Responsibilities

• Conduct reference checks, running D&B reports, and obtaining financial statements as needed. Prepare applications for review by the CFO, ensuring all necessary information is complete and accurate for evaluation.
• Responsible for issuing invoices and ensuring they are sent to customers in a timely manner, while confirming receipt to guarantee smooth and efficient payment processing
• Responsible for collecting all outstanding balances. Stay proactive in sending collection emails, follow-ups, and customer statements to prevent invoices from becoming overdue and ensure timely payments.
• Ensure that cash is applied accurately and promptly to maintain proper account records and support timely financial reporting.
• Release orders within the customer’s credit limit without management review; orders exceeding the limit require management approval.
• Perform chargeback database entries by accurately recording chargeback details, such as amounts, reasons, and customer information, for CX Team use. This ensures up-to-date records for issuing credits or collecting deductions efficiently.
• Ensure accurate posting of invoices, cash applications, and aging reports to maintain precise financial records and support accurate financial reporting.
• Reconcile general ledger accounts related to accounts receivable by verifying that all transactions, including invoices, payments, and adjustments, are accurately recorded and aligned with the AR sub-ledger to ensure financial accuracy and integrity.
• Responsible for providing necessary information and documentation to support the audit process, ensuring accuracy and compliance with audit requirements.
  
  

Safety

• Comply with the EH&S Policy and applicable regulatory and company EH&S rules and requirements.
• Report to supervision conditions or practices that are either unsafe or that may adversely impact the environment, to ensure prompt resolution of potential hazards.
• Attend scheduled EH&S training program.
• Actively support the organization’s efforts to meet or exceed EH&S goals and plans.
• Recommend improved EH&S practices.
• Practices safe work habits and follows general safety procedures such as proper lifting and bending, ergonomics, proper use of equipment and use of personal protection equipment (PPE).
  
  

Product Safety and Quality

• Follows Product Safety and Quality standards.
• Follows GMP’s in regard to food contact packaging as it pertains to the employee.
• Follows IPC product defense standards and complies with all SQF requirements.
  
  

Minimum Requirements (include education, experience, special skills, licenses and/or certifications required.) The list below represents the knowledge, skill, and/or ability required to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• A four-year degree in Accounting or Finance.
• Strong skills in Microsoft Office, especially Excel (for managing financial data, reports, and collections metrics).
• 3 years of experience in credit and collections, accounts receivable, or a related field.

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Other

Job function

• Job function

  Finance and Sales

• Industries

  Packaging and Containers Manufacturing

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