Equipment Leasing and Finance Association - Equipping Business for Success

JOB SUMMARY: Reports to the Director of Credit and responsible for all credit & collections activities for the company in accordance with the established policies, practices and procedures of the Company resulting in maximum profitability managing risk and collections in a sophisticated manner

Essential Duties & Responsibilities

Oversees the implementation and adherence to credit and collections policies, practices and procedures across the Company and a specific region within
Coordinates major credit decisions with management and the sales teams, establishing credit lines for individual accounts and making all credit arrangements on a project to project basis
Perform portfolio credit risk, complete trend analysis and proactively identify potential financial patterns and trends
Consults with Director of Credit and the CFO on complex problems and issues involving policy decision and offers insightful recommendations
Creates and presents reports to management on large customer activity including aging, collection progress analysis and bad debt reserve analysis
Verifies and applies construction lien procedures for the state in which project is being built and reviews terms and conditions of contracts and Labor Material Payment Bonds
Manages delinquent customer receivables, negotiates special customer payment plans and when necessary, files suits or bankruptcy claims to ensure collection
Able to build positive business relationships and work collaboratively multiple stakeholders including customers, sales, and the executive team
Other responsibilities include: interviewing, hiring, training employees; planning, assigning and directing work. Appraising performance, addressing complaints and resolving problems

Requirements

Bachelor’s degree in Finance, Accounting or a business related field
5-15+ years of progressive experience within credit, collections and accounts receivable
Minimum 4 years of supervisory or management experience
Computer skills: MS Excel and Word, Oracle, Microsoft Dynamics 365 and Cforia
Excellent oral and written communication skills
Ability to use tact and skill in dealing with other staff, management and vendors
Must be familiar with lien and bond laws and producing waivers
Familiarity with construction contract forms and applications for payment