Credit & AR Manager

JH Larson Electrical Company; Plymouth (MN); On-site; USD 95,000 - 115,000; Full time

Benefits offered by this job

Medical

Dental

Vision

401k with employer match

Life insurance

HSA with employer match

PTO and 9 paid holidays (plus birthday

Birthday off

Job summary

J.H. Larson Company in Plymouth, MN is seeking a Credit & AR Manager to lead credit policies, manage risk, and oversee receivables to ensure timely payments. You will analyze financial data, set credit limits, approve applications, and coordinate with the accounting team to support accurate reporting.

This role requires strong leadership, negotiation skills, and experience in collections and dispute resolution, with a focus on maintaining customer relationships and compliance.

Qualifications

• Bachelor’s degree in accounting, finance, business administration, or related field.
• 5+ years in credit management, accounts receivable, or related financial role.
• Experience managing credit risk, evaluating creditworthiness, and establishing credit policies.
• Familiarity with legal proceedings related to collections, including small claims court.

Responsibilities

• Ensure timely collection of outstanding receivables and monitor aging reports.
• Develop strategies to reduce overdue balances and negotiate terms with customers.
• Lead and train the credit team on policies, collections, and best practices.
• Assess creditworthiness and set appropriate credit limits based on financial data.
• Approve or decline credit applications based on risk assessment and policy.
• Collaborate with Accounting to ensure smooth credit and collections operations and attend small claims hearings as needed.

Skills

Credit management

Accounts receivable

Credit risk evaluation

Negotiation

Leadership

Financial analysis

Communication skills

Education

Bachelor’s degree in accounting, finance, business administration, or related field

Tools

Accounting software

Financial reporting systems

Job description

Credit & AR Manager$95,000-115,000 AnnuallyTake the next step in your career with a company that’s truly invested in your success. At J.H. Larson Company, we’re building more than a team – we’re creating a culture rooted in growth, collaboration and meaningful results. If you’re ready to bring your skills to a company that values your contributions and supports your development, we want to hear from you!J.H. Larson Company is an independent distributor of Electrical, Plumbing, and HVAC products with 8 locations in Minnesota, Wisconsin and South Dakota and 3 showroom locations. We remain dedicated to our employees, customers and vendors, and are positioned to move into the future as a family owned and operated business. We’re proudly celebrating our 95th anniversary this year!We have a great opportunity to join our Corporate Team in Plymouth, MN. The Credit & AR Manager is responsible for overseeing credit policies, managing credit risk, and ensuring that credit decisions are made in line with the company’s financial goals and risk tolerance. This role also oversees the collection and management of accounts receivable owed to the company to ensure that the organization receives payment in a timely manner and reporting is accurate.What’s In It For You?Highly competitive benefits packageMedicalDentalVisionSTD/LTD401k with employer matchLife insuranceHealth Saving Account with employer matchCritical Illness & Accident InsuranceEmployee assistance programPTO and 9 paid holidays, as well as your birthday!And more!Responsibilities Include:Ensure the timely collection of outstanding receivables. Monitor aging reports to identify overdue accounts and take necessary actions.Develop and implement strategies for reducing overdue balances. Negotiate payment terms, settlements, and payment plans with customers. Resolve disputes between customers and the company regarding payments or terms.Lead and manage the credit team, assign tasks and responsibilities. Provide training and guidance on credit policies, collection strategies, and best practice.Analyze the creditworthiness of new and existing customers using financial data, credit scores, and other relevant information. Assess credit risk and set appropriate credit limits for customers based on their financial strength and payment history.Approve or decline and process credit applications based on thorough risk assessment and company policy.Investigate job accounts and ship to.Work closely with the Accounting Department to ensure the smooth flow of financial operations related to credit and collections.Travel to and attend small claims court hearings to present cases. Present all relevant evidence in a clear and organized manner. Be prepared to answer questions from the judge and the defendant. Manage any other credit related legal issues.Work with Branch employees to ensure smooth coordination in collecting receivables and addressing any discrepancies. Including training, payment portals, credit card processing, etc.Maintain proper documentation and records of all receivables, payment agreements, and customer communications.Qualifications:EducationBachelor’s degree in accounting, finance, business administration, or a related fieldExperience and/or Training5+ years of experience in credit management, accounts receivable, or a related financial roleProven experience managing credit risk, evaluating creditworthiness, and establishing credit policiesExperience in managing collections, dispute resolution, and bad debt recoveryExperience with accounting software and financial reporting systemsFamiliarity with legal proceedings related to collections and managing disputes, including small claims courtFinancial Analysis: Ability to analyze financial statements, credit reports, and payment histories to assess credit riskStrong ability to maintain positive customer relationships while ensuring adherence to credit policies and payment termsAccounts Receivable Management: Knowledge of AR processes, aging reports, cash application, and reconciliationsCredit Risk Management: Understanding credit risk models, credit limits, and best practices in mitigating riskExcellent communication skills, both written and verbal, for interacting with internal teams, customers, and legal entitiesNegotiation skills to handle payment arrangements, settlements, and debt recovery discussionsExperience managing and leading teams (such as credit and collections teams or accounts receivable departments)Ability to set goals and KPIs for the team and track performance to ensure collections and credit management goals are metLicenses/CertificatesValid US Driver’s license and/or reliable transportationClean driving recordWe are committed to providing salary ranges for open positions. Please note that the specific compensation for this role will be determined based on your experience, qualifications, location, and internal equity considerations.Why wait? Check out our website and apply today at: www.jhlarson.com under our “Careers” tab, and while you’re there, contact us at [e-mail] to learn more about this opportunity and how you can be a part of a team who wants you to be successful!We are an Affirmative Action and Equal Opportunity Employer