Credit Manager: SLED

Cisco Systems, Inc.; North Carolina; Hybrid; USD 80,000 - 110,000; Full time

Job summary

Join a forward-thinking company as a Credit Manager, where you will play a crucial role in underwriting and negotiating financing transactions. This dynamic position offers the chance to work with a diverse range of customers, from privately held to publicly traded companies in the Americas. You will leverage your expertise in commercial credit to ensure compliance with policies while collaborating with various internal teams. Embrace the opportunity to lead special projects focused on innovation and optimization, all while contributing to a culture that values diversity and inclusion. This is your chance to make a significant impact in a supportive and forward-looking environment.

Benefits

Medical, Dental, and Vision Insurance

401(k) Plan with Matching Contribution

Short and Long-term Disability Coverage

Flexible Vacation Time Off

Paid Time Off to Volunteer

Paid Holidays

Sick Time Off

Employee Resource Organizations

Wellbeing Offerings

Qualifications

• 5+ years of commercial credit or equivalent analytical experience.
• Experience with State, Local Government and Education financial requirements.

Responsibilities

• Accountable for underwriting and processing financing transactions.
• Advising on transaction structuring and contract negotiations.

Skills

Commercial Credit Experience

Analytical Skills

Leadership Skills

Collaboration

Education

Bachelor’s Degree in Accounting/Finance

Job description

Application window has been extended until 5/16/2025

Job posting may be removed earlier if the position is filled or if a sufficient number of applications are received.

Members of the Finance organization at select locations will generally be expected to follow a hybrid work model, which includes two days of in-office attendance each week, with limited exceptions.

Meet the Team

Cisco's Global Credit & Risk Management team handles the extension of credit on behalf of Cisco. We support over $50B in revenue via our Trade & Channel programs and over $7B in term leases and loans via Cisco Capital. You will be partnering with team members within Cisco’s Sales and Services Finance organization, Corporate Controller Group, Cisco and Cisco Capital Sales, Collections, Operations, and Legal.

Your Impact

As a Credit Manager at Cisco you are accountable for underwriting, negotiating, and assuring the processing of loan, leases, and net-30 financing transactions in a manner consistent with policy. You will handle the adjudication of financing requests and supervising the portfolio for a wide variety of customers, ranging from privately held to publicly traded companies that are domiciled in the Americas. This is a dynamic and exciting role, different from a traditional ‘reactive’ credit position. You will have an opportunity to advise on sophisticated transaction structuring and contract negotiations as well as finding solutions in balancing Cisco enablement and stewardship of our risk appetite and our balance sheet.

• You have experience in working with sophisticated Credits and structures and the ability to show leadership in a team environment and build cohesion within partners.

Minimum Qualifications:

• 5+ years commercial credit (or equivalent analytical) experience
• 3+ years experience with State, Local Government and Education (SLED) financial requirements and non-appropriation risks.
• Bachelor’s degree or equivalent experience in Accounting/Finance
• Highly competent in accounting principles
• Ability to collaborate expertly and thoughtfully with customers, team members and internal partners

Preferred Qualifications:

• Proven history of being trusted with approval authorities and making decisions
• Results oriented self-starter with the capability to work well independently and within a team
• You don’t mind leading or participating on special improvement projects around innovation and optimization

#WeAreCisco

#WeAreCisco where every individual brings their unique skills and perspectives together to pursue our purpose of powering an inclusive future for all.

Our passion is connection—we celebrate our employees’ diverse set of backgrounds and focus on unlocking potential. Cisconians often experience one company, many careers where learning and development are encouraged and supported at every stage. Our technology, tools, and culture pioneered hybrid work trends, allowing all to not only give their best, but be their best.

We understand our outstanding opportunity to bring communities together and at the heart of that is our people. One-third of Cisconians collaborate in our 30 employee resource organizations, called Inclusive Communities, to connect, foster belonging, learn to be informed allies, and make a difference. Dedicated paid time off to volunteer—80 hours each year—allows us to give back to causes we are passionate about, and nearly 86% do!

Our purpose, driven by our people, is what makes us the worldwide leader in technology that powers the internet. Helping our customers reimagine their applications, secure their enterprise, transform their infrastructure, and meet their sustainability goals is what we do best. We ensure that every step we take is a step towards a more inclusive future for all. Take your next step and be you, with us!

#LI-IQ

Message to applicants applying to work in the U.S. and/or Canada:

When available, the salary range posted for this position reflects the projected hiring range for new hire, full-time salaries in U.S. and/or Canada locations, not including equity or benefits. For non-sales roles the hiring ranges reflect base salary only; employees are also eligible to receive annual bonuses. Hiring ranges for sales positions include base and incentive compensation target. Individual pay is determined by the candidate's hiring location and additional factors, including but not limited to skillset, experience, and relevant education, certifications, or training. Applicants may not be eligible for the full salary range based on their U.S. or Canada hiring location. The recruiter can share more details about compensation for the role in your location during the hiring process.

U.S. employees haveaccess to quality medical, dental and vision insurance, a 401(k) plan with a Cisco matching contribution, short and long-term disability coverage, basic life insurance and numerous wellbeing offerings.

Employees receive up to twelve paid holidays per calendar year, which includes one floating holiday (for non-exempt employees), plus a day off for their birthday. Non-Exempt new hires accrue up to 16 days ofvacation time off each year, at a rate of 4.92 hours per pay period. Exempt new hires participate in Cisco’s flexible Vacation Time Offpolicy, which does not place a defined limit on how much vacation time eligible employees may use, but is subject to availability and some business limitations. All new hires are eligible for Sick Time Off subject to Cisco’s Sick Time Off Policy and will have eighty (80) hours of sick time off provided on their hire date and on January 1st of each year thereafter. Up to 80 hours ofunused sick timewill be carried forwardfrom one calendar yearto the nextsuch that the maximum number of sick time hours an employee may have available is160 hours. Employees in Illinois have a unique time off program designed specifically with local requirements in mind. All employees also have access to paid time away to deal with critical or emergency issues. We offer additional paid time to volunteer and give back to the community.

Employees on sales plans earn performance-based incentive pay on top of their base salary, which is split between quota and non-quota components. For quota-based incentive pay, Cisco typically pays as follows:

.75% of incentive target for each 1% of revenue attainment up to 50% of quota;

1.5% of incentive target for each 1% of attainment between 50% and 75%;

1% of incentive target for each 1% of attainment between 75% and 100%; and once performance exceeds 100% attainment, incentive rates are at or above 1% for each 1% of attainment with no cap on incentive compensation.

For non-quota-based sales performance elements such as strategic sales objectives, Cisco may pay up to 125% of target. Cisco sales plans do not have a minimum threshold of performance for sales incentive compensation to be paid.

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