Credit & Collections Manager

Darling Ingredients; Irving (TX); On-site; USD 90,000 - 120,000; Full time

Job summary

Darling Ingredients is seeking a Credit & Collections Manager to oversee the credit granting process, credit reviews of US customers, and the collection of US receivables. You will assess creditworthiness using financials, reports, and references, coordinating with Sales Controllers and regional teams.

Responsibilities include establishing credit limits, developing and enforcing A/R policies, mitigating risk with letters of credit and guarantees, and driving cash flow while improving DSO for

Qualifications

• Minimum of a finance-related degree.
• 5–7 years of credit management experience in a company with international presence.

Responsibilities

• Evaluate creditworthiness using financial statements and credit reports.
• Establish credit limits and terms based on risk policy.
• Develop and update corporate credit and A/R policy.
• Mitigate risk with tools like letters of credit and guarantees.
• Drive cash flow and manage DSO for North America; proactive customer communication.
• Partner with sales to balance risk and opportunities.
• Coordinate with sales, collectors, and internal stakeholders to minimize issues.
• Release orders in JD Edwards per policy.
• Travel up to 20% to offsite locations.

Skills

Analytical skills

Communication

Stakeholder collaboration

Financial analysis

Education

Bachelor’s or Master’s Degree in finance or related field

Tools

JD Edwards

Job description

Job Description

The Credit & Collections Manager is responsible for the credit granting process, periodic credit reviews of existing global customers and the assessment of the creditworthiness of new customers as well as for the collection of the US receivables. He/she is working closely together with Sales Controller, Regional Controllers, Sales Representatives.

• 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

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.

About Us

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.

About The Team

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.