Credit Manager

Lonestar Electric Supply Partners; El Paso (TX); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Medical, dental, life and vision insurance

401(k) Retirement Plan and Match

Paid Time Off

Specified Holiday Pay

Job summary

Lonestar Electric Supply Partners in El Paso, Texas, is seeking a Credit Manager to oversee credit risks and ensure compliance with regulations. Responsibilities include evaluating creditworthiness, negotiating terms, and managing accounts. Candidates should have at least two years of experience in credit and collections, alongside excellent communication and organizational skills. The role offers competitive benefits including health insurance, 401(k) retirement plan, and paid time off.

Qualifications

• At least two years of prior credit and collections experience required.
• Ability to exercise integrity and discretion.
• Ability to keep information confidential.

Responsibilities

• Ensure compliance with regulations related to credit risk management.
• Develop strategies to mitigate potential credit risks.
• Review new credit applications for completeness.
• Identify and track delinquent accounts.
• Generate reports as requested by management.

Skills

Excellent verbal and written communication skills

Thorough understanding of collection activities

Excellent organizational skills

Proficient in Microsoft Office Suite

Job description

Description

Lonestar Electric Supply and its subsidiaries are looking for a Credit Manager who will be responsible for identifying, measuring, and monitoring all credit risks associated with the company's business operations. This includes performing and reviewing complex and detailed financial evaluations of companies to assess their creditworthiness, negotiating credit terms, and approving new purchasing activities. The Credit Manager is also responsible for determining appropriate credit or financial risk exposure and escalating any credit issues to upper management when necessary.

VETERANS ARE ENCOURAGED TO APPLY

Responsibilities

• Ensuring compliance with relevant regulations and internal policies related to credit risk management.
• Developing and implementing strategies to mitigate potential credit risks.
• Review new credit applications for completeness.
• Review credit reports and references in setting up new credit accounts.
• Identify and track accounts that are delinquent.
• Contact accounts that are delinquent and obtain payment and resolution.
• Manage all accounts by investigating, granting, and overseeing balances and credit lines.
• Sets up job accounts for new and existing projects.
• Send out invoices and statements on an as needed basis.
• Contact clients to negotiate new payment terms or settlements.
• Work with internal staff and external customers to build relationships with clients.
• Responsible for sending lien notices and filing liens on projects.
• Refer accounts to outside agency for further collection efforts as needed; assists with activities and legal actions pertaining to those accounts.
• Assist in generating consolidated invoices as needed for select client accounts.
• Generate reports as requested by management.
• Perform other related duties as assigned.

Requirements

• Excellent verbal and written communication skills.
• Thorough understanding of state and federal laws pertaining to collection activities and mechanics lien laws.
• Excellent organizational skills and attention to detail.
• Ability to keep information confidential.
• Ability to exercise integrity and discretion.
• Ability to remain professional in confrontational conversations.
• Proficient in Microsoft Office Suite or related software programs.
• At least two years of prior credit and collections experience required.

Physical Requirements

• Lifting up to 25 lbs. may be required infrequently.
• Must be able to remain in a stationary position 50% of the time.
• Constantly operates a computer and other office productivity machinery, such as a calculator, copy machine, and computer printer.

Benefits

• Medical, dental, life and vision insurance
• 401(k) Retirement Plan and Match
• Paid Time Off
• Specified Holiday Pay

Disclaimer

This job description is a general outline of the day-to-day duties to be expected and may not cover all job responsibilities that may be assigned by management.