Credit Manager

Interstate Companies, Inc.; Eagan (MN); On-site; USD 150,000 - 160,000; Full time

Benefits offered by this job

Competitive compensation

Medical, dental, vision benefits

401(k) with company match

Paid time off and holidays

Life and disability insurance

Employee Assistance Program

Career development opportunities

Collaborative, supportive culture

Job summary

Interstate Companies Inc. is seeking a seasoned Credit Manager to lead Credit, Collections, and Accounts Receivable from our corporate headquarters in Eagan, Minnesota. You will establish credit policies, evaluate risk, approve limits, and drive cash flow.

The role partners with Finance, Sales, and Operations to balance risk with growth. You will build and mentor high-performing teams, optimize processes, and oversee a multi-state AR portfolio with a focus on improving metrics and customer

Qualifications

• Bachelor's degree in accounting, finance, or a related field.
• 10+ years of progressive experience in credit, collections, accounts receivable, or related finance functions.
• 5+ years of leadership experience managing and developing teams.
• Experience overseeing credit risk for a large accounts receivable portfolio exceeding $100 million.
• Experience utilizing the Esker credit and collections platform.
• NACM certifications (CBA, CBF, or CCE) preferred.
• Demonstrated success leading process improvement or finance transformation initiatives.

Responsibilities

• Establish and administer company credit policies, approval authorities, and risk tolerances.
• Evaluate customer creditworthiness using financial statement analysis, credit reports, and payment histories.
• Approve credit limits and continuously monitor customer exposure and financial risk.
• Resolve complex credit decisions, escalated customer issues, and account disputes.
• Lead company-wide collections strategies to reduce delinquency, minimize bad debt, and improve cash flow.
• Oversee Accounts Receivable operations, including cash application, reconciliations, and account maintenance.
• Manage the allowance for doubtful accounts and bad debt reserve analysis.
• Review, recommend, and approve account write-offs within delegated authority.
• Coordinate collection escalations, including third-party agencies, lien and bond claims, and outside legal counsel.
• Lead, coach, and develop the Credit & Collections and Accounts Receivable teams.
• Establish clear goals, expectations, and performance standards.
• Recruit, hire, train, and retain top talent.
• Conduct performance evaluations and support employee growth and development.
• Partner closely with Sales, Operations, and Branch Leadership to support profitable growth while maintaining sound credit practices.
• Administer and optimize the Esker platform; monitor key metrics such as DSO, DBT, aging, collection effectiveness, credit exposure, and bad debt performance.
• Lead process improvement and finance transformation initiatives that improve efficiency, visibility, and financial results.

Skills

Leadership

Communication

Analytical thinking

Time management

Prioritization

Problem-solving

Organizational skills

Education

Bachelor's degree in accounting or finance

Tools

Esker

Microsoft Office

Job description

Company: Interstate Companies Inc.
Location: Eagan, MN
Base Salary: $150K-$160K annually, eligible for bonuses

Lead Credit Strategy. Drive Financial Performance. Build Strong Teams.

Interstate Companies is seeking an experienced and strategic Credit Manager to lead our Credit, Collections, and Accounts Receivable functions from our Corporate Headquarters in Eagan, Minnesota.

Reporting directly to the Executive Vice President of Finance, this high-impact leadership role is responsible for managing credit risk, optimizing collections performance, overseeing accounts receivable operations, and developing a high-performing team. The Credit Manager serves as a key business partner to Finance, Sales, Operations, and Branch Leadership across our multi-state organization.

If you are a finance leader who excels at balancing risk management with customer relationships, enjoys driving process improvement, and is passionate about developing people, we'd like to hear from you.

What You'll Do

Credit & Risk Management

• Establish and administer company credit policies, approval authorities, and risk tolerances.
• Evaluate customer creditworthiness using financial statement analysis, credit reports, and payment histories.
• Approve credit limits and continuously monitor customer exposure and financial risk.
• Resolve complex credit decisions, escalated customer issues, and account disputes.

Collections & Accounts Receivable Leadership

• Lead company-wide collections strategies to reduce delinquency, minimize bad debt, and improve cash flow.
• Oversee Accounts Receivable operations, including cash application, reconciliations, and account maintenance.
• Manage the allowance for doubtful accounts and bad debt reserve analysis.
• Review, recommend, and approve account write-offs within delegated authority.
• Coordinate collection escalations, including third-party agencies, lien and bond claims, and outside legal counsel.

Team Leadership & Development

• Lead, coach, and develop the Credit & Collections and Accounts Receivable teams.
• Establish clear goals, expectations, and performance standards.
• Recruit, hire, train, and retain top talent.
• Conduct performance evaluations and support employee growth and development.

Strategic Partnership & Continuous Improvement

• Partner closely with Sales, Operations, and Branch Leadership to support profitable growth while maintaining sound credit practices.
• Administer and optimize the company's credit and collections technology platform, Esker.
• Monitor and report on key metrics including:
• Days Sales Outstanding (DSO)
• Days Beyond Terms (DBT)
• Aging performance
• Collection effectiveness
• Credit exposure
• Bad debt performance
• Lead process improvement and finance transformation initiatives that improve efficiency, visibility, and financial results.

What We're Looking For

Required Skills & Qualifications

• Exceptional verbal and written communication skills.
• Strong leadership, coaching, and team development abilities.
• Advanced analytical and problem-solving capabilities.
• Excellent organizational and time-management skills.
• Ability to prioritize competing responsibilities and delegate effectively.
• Experience with ERP systems, order-to-cash processes, and credit and collections technologies.
• Strong proficiency with Microsoft Office applications.

Preferred Education & Experience

• Bachelor’s degree in accounting, Finance, or a related field.
• 10+ years of progressive experience in credit, collections, accounts receivable, or related finance functions.
• 5+ years of leadership experience managing and developing teams.
• Experience overseeing credit risk for a large accounts receivable portfolio exceeding $100 million.
• Experience utilizing the Esker credit and collections platform.
• NACM certifications (CBA, CBF, or CCE) preferred.
• Demonstrated success leading process improvement or finance transformation initiatives.

Travel

• Occasional travel is needed for training and business support.

Physical Requirement

• Ability to remain seated at a workstation for extended periods.
• Frequent use of computers, telephones, and standard office equipment.
• Ability to occasionally lift and carry up to 20 pounds.
• Ability to bend, reach, and move through an office environment.

Why Join Interstate Companies?

Interstate Companies is a leading provider of transportation, power systems, manufacturing, and industrial solutions with more than 1,700 employees across multiple locations nationwide. We pride ourselves on providing a culture that values teamwork, accountability, innovation, and professional growth.

Joining Interstate means becoming part of a stable, employee-focused organization where your leadership and expertise will directly impact the success of our business.

Interstate Companies Offers

• Competitive compensation
• Comprehensive medical, dental, and vision benefits
• 401(k) with company match
• Paid time off and paid holidays
• Life and disability insurance
• Employee Assistance Program
• Career development and advancement opportunities
• A collaborative and supportive culture

Interstate Companies are an Equal Opportunity Employer and values diversity in the workplace.

This job description is intended to describe the general nature and level of work performed. Duties, responsibilities, and activities may change at any time with or without notice.