Director of Credit

3 days ago


Saskatchewan, Canada Recruitment Partners Full time
About the Role

We are seeking a highly skilled and experienced Director of Credit to join our team at Recruitment Partners. As a key member of our finance department, you will be responsible for leading our credit and accounts receivable strategy.

Key Responsibilities
  • Develop and Implement Credit Strategy
    • Create a culture of excellence in accounts receivable follow-up efforts, guided by best practices, industry standards, and timely and relevant insights based on trends.
    • Prepare annual statement of goals and objectives for the team, including the method for measuring/tracking success of those goals and lead efforts that drive performance.
  • Manage Credit and Collections
    • Follow up on routine daily, weekly, and monthly responsibilities of managers, including assistance with identifying larger trends negatively impacting departmental performance and create action plans to remediate emerging issues.
    • Manage relationships with operations partners, ensuring policies and procedures are being followed to maximize revenue and collections and coordinating meetings to troubleshoot issues.
  • Develop and Implement Credit and Collections Policies
    • Develop and implement credit and collections policies and procedures in line with company objectives and industry standards.
    • Drive process enhancements and automation projects, working cross-functionally with the relevant stakeholders to streamline operations.
  • Monitor and Report on Credit and Collections Performance
    • Monitor and report on accounts receivable status, aging, and collections activities. Provide regular updates on key metrics to Senior Management and make data-driven recommendations for improvement.
    • Prepare and present monthly and quarterly reports on credit and collections performance, highlighting areas for improvement.
  • Negotiate Payment Plans and Settlements
    • Negotiate payment plans and settlements with delinquent customers, initiating legal actions when necessary.
  • Review and Improve Credit Limit Processes
    • Conduct regular reviews of customer credit limits to ensure that they are in accordance with company policy and are reasonable in the circumstances.
  • Review and Improve Statement Generation Processes
    • Continuously review and improve the processes related to the generation and distribution of customer statements to improve accuracy and timeliness.
Requirements
  • Education
    • Bachelor's Degree in Business, Accounting, Finance, or a related field is required.
  • Experience
    • 7-10 years of experience with Accounting/Billings/Collections and 5+ years in a leadership role.
  • Skills
    • Strong knowledge of accounting principles, billings operations, credit analysis, and collections techniques.
    • Proficiency in Excel is considered an asset.
    • Proven ability to design and optimize invoice to cash processes.
    • Experience with process automation and systems integration.
    • Possess a valid passport and be able to travel from time to time.

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