Credit & Collections Manager

Darling Ingredients Inc.; Irving (TX); On-site; USD 90,000 - 130,000; Full time

Job summary

Darling Ingredients Inc. in Irving, TX is seeking a seasoned Credit Manager to lead risk assessment, set credit limits, and improve cash flow across North America.

You will analyze customer financials, manage DSO, develop credit policies, and coordinate with sales and finance to balance risk with growth. Requires a Bachelor's or Master's in finance and 5–7 years in credit management; travel up to 20% to offsite locations; JD Edwards experience a plus.

Qualifications

• Bachelor's or Master's degree in finance or a related field.
• 5–7 years of credit management experience in a company with international presence.

Responsibilities

• Evaluate customer creditworthiness using financial statements and credit reports.
• Establish credit limits and terms based on policy.
• Develop and update corporate credit and A/R policy.
• Mitigate risk with tools such as letters of credit and guarantees.
• Oversee collections to manage DSO for North America and communicate with customers.
• Collaborate with sales, collectors and internal stakeholders to minimize customer issues.
• Release orders in JD Edwards in line with policies.
• Travel up to 20% to offsite locations.

Skills

Credit management

Financial analysis

DSO optimization

Stakeholder management

Risk assessment

Education

Bachelor's degree in finance

Master's degree in finance

Tools

JD Edwards

Job description

We're one of the world's leading practitioners of circularity, transforming materials from the animal agriculture and food industries into valuable ingredients. Ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy.

Essential Duties/Responsibilities:

• Evaluate Creditworthiness: Analyze customer financial statements, credit reports (e.g., Dun & Bradstreet, Experian), and trade references to determine credit risk for new and existing accounts.
• Establish Credit Limits: Approve or deny credit applications and set appropriate credit limits and terms based on the company's risk policy.
• Policy Development: Manage, execute and continuously update the corporate credit and A/R policy to adapt to changing market conditions and economic environments.
• Risk Mitigation: Implement risk mitigation tools such as letters of credit, guarantees, payment in advance, etc. for high-risk accounts.
• Drive Cash Flow: Oversee the entire collections process to ensure timely payment of invoices and actively manage the Days Sales Outstanding (DSO) metric for the North-American region. This will include pro-active communication with customers.
• Be a partner for the sales organization while balancing risk and sales opportunities.
• Manage relations and coordinate with sales, collectors and other internal stakeholders to ensure a minimum of customer issues.
• Manage system(s), controls and reporting needed to perform the job efficiently and keep management informed.
• Provide (and further develop) periodic reporting and analysis (aging, overdue, DSO, cash flow, bad debt, risk exposure, etc.) to leadership.
• Communicate and build a working relationship with customers and at the same time ensure they pay on time and negotiate payment plans where required.
• Release orders in JD Edwards in line with policies.
• Travel, up to 20% to offsite locations.

Minimum Qualifications:

• Bachelor's or Master's Degree in finance or related field;
• Minimum of 5-7 years working experience in credit management for a company with international presence.

Preferred Qualifications:

• Strong analytical skills.
• Excellent oral and written communication skills.
• Be able to work successfully with internal and external customers including sales, marketing, accounting and clients.
• Hands-on attitude.

Darling Ingredients is an equal opportunity employer and gives consideration to qualified applicants without regard to race, color, creed, religion, age, pregnancy, sex, sexual orientation, gender identity, national origin, genetic information, physical or mental disability, military service, protected veteran status, or any other characteristic protected by applicable federal, state and local law. Know Your Rights: If you would like more information, please click on the link and paste into your browser: https://www.eeoc.gov/poster of this job.