Credit Manager

Position: Credit Manager

Location: Vaughan

Reports to: Controller

Overview: We are seeking a dynamic Credit Manager that will implement proactive credit management processes and solutions. This position will report to the Controller with a dotted line to the President. You will be responsible for credit investigations, new account onboarding and financial analysis with the objective of reducing risk exposure for the company while increasing Sales. This role will play a crucial part in customer relationships and will thrive in a high-volume, fast paced, and growing environment.

NEXT Supply is the new generation of supplier in wholesale Plumbing and Hydronics -setting superior standards in service, product availability and delivery. NEXT has strategically located local warehouses across and beyond the GTA, each with a full quantity of inventory and strong, strategic delivery capabilities.

**Duties and Responsibilities**:

- Manage and lead a team of Collectors.
- Formulate the company credit policy and establish procedures governing credit that are balanced with increasing sales.
- Utilize all available credit information to evaluate credit risk and determine appropriate payment terms and credit limits for new accounts (within approval threshold).
- Effectively assess risk and gather information related to customer creditworthiness ensuring sound credit decisions are made and action escalations as required.
- Provides tools to monitor and maintain Lien rights and work with legal counsel to file lien claims as necessary to protect AR assets.
- Conduct reviews throughout the year to ensure set credit limits are supported, reduce exposure where required and identify growth targets.
- Handle escalated and high dollar receivables; negotiate and secure arrangements for payment with escalated delinquent accounts within limits of authority; evaluate and recommend assignment to bad debt, collections, and/or legal.
- Negotiate and arrange collection strategies for complex or sensitive collection cases
- Coordinate collection with third parties or coordinate legal action as appropriate.
- Review daily credit violation report and daily orders on hold report to determine whether to increase credit exposure, or to hold future orders.
- Responsible for AR reporting, bad debt analysis, key metric management and ad hoc reports as required.
- Work with Auditors/Accounting team to comply with all audit expectations.

**Skill Requirements**:

- Negotiation and Persuasiveness.
- Attention to detail and accuracy.
- Ability to exercise judgment.
- Effective listening skills.
- Excellent organizational, time management and interpersonal skills.

**Knowledge Requirements**:

- Diploma in Accounting or Finance, or related business field preferred.
- Minimum of 5 years in Credit Management Role.
- CCP designation required.
- Ability to analyze financial statements and ratios.
- Strong verbal and written communication and negotiation skills.
- Professional and courteous demeanor and presence.
- Ability to work in a team environment.
- Microsoft Office experience intermediate+ level required (i.e. - Word, Excel, and Outlook).
- Knowledge of Infor SXE considered an asset.
- Knowledge of Ontario Construction Industry considered an asset.

We are proud to be in compliance with the Accessibility for Ontarians with Disabilities Act (AODA), 2005 and the Integrated Accessibility Standards Regulation. We are happy to honour accommodations at any part of the recruitment process and invite you to let us know how we can help.

**Job Types**: Full-time, Permanent

**Benefits**:

- Casual dress
- On-site gym
- On-site parking

Schedule:

- Monday to Friday

**Experience**:

- Accounting: 3 years (required)

Licence/Certification:

- CCP Designation (required)

Ability to Commute:

- Woodbridge, ON L4L 0B9 (required)

Work Location: In person