Camfil USA – North America’s Air Filtration Company Serving Canada & the US.
Credit and Collections Manager
Camfil USA – North America’s Air Filtration Company Serving Canada & the US., Riverdale, New Jersey, us, 07457
Overview
Join to apply for the
Credit and Collections Manager
role at
Camfil USA – North America’s Air Filtration Company Serving Canada & the US. This is an on-site position at Camfil USA's Corporate Office in Riverdale, NJ. Essentials
Summary:
The Credit Manager will support the management team with analysis regarding collecting the company's accounts receivable and protecting the assets of the company. The Credit Manager will work with all sales, operations and branches within the business unit. The Credit Manager will report to the Director of Finance and direct reports will include the Accounts Receivable/Credit and Collections Team. The role involves reviewing monthly accounts receivable, credit and collections status, assessing credit risks, and advising senior management. The objective is to reduce overall DSO and provide insight for long-term planning and performance evaluation. Responsibilities
Lead the department in the collection of all accounts receivable. Analyze key accounts for payment history and issues. Coordinate progress payments and develop payment plans for large past-due balances. Promote an effective project/functional environment; mentor and coach the Accounts Receivable/Credit Department Team; provide leadership and guidance. Assess current business practices and recommend best practices to improve efficiency. Develop processes and controls to ensure accuracy of accounts receivable data. Prepare financial reporting for upper management, including aged analyses, DSO trends, and monthly updates on DSO development. Provide ad-hoc analyses for the corporate Director or VP of Finance; monitor cash goals and develop alternatives as needed. Monitor order activity daily; approve credit holds and assess customers for credit extensions. Prepare materials for senior managers, regional directors, customer service and operations; feedback to Sales on payment issues and delinquency recommendations. Oversee AR functions including cash application (Lockbox, ACH, wire, credit cards, intercompany netting). Ensure daily reconciliation and posting. Ensure proper posting of AR journal entries (suspense, bad debt, accrued receivables) with documentation and approvals. Supervise A/R & Credit Teams; develop and mentor team members. Work with 3rd party vendors and legal/professional firms for liens and third-party collections; approve monthly legal invoices. Standardize customer account creation in AS400/Macpac; maintain credit lines and review annually; reconcile intercompany accounts with Camfil affiliates. Conduct quarterly intercompany reconciliations; support financial reporting for significant transactions. Prepare bad debt analyses and update reserves; manage tax-exempt certificate maintenance for eligible customers. Maintain AR/credit policies, procedures, and standard work; identify continuous improvement opportunities. Other duties as assigned. Qualifications
Bachelor's Degree in Accounting/Finance preferred. Working experience may substitute for education. Minimum of 10 years in leadership roles within Accounts Receivable, Credit and Collections in Finance. Strong knowledge of AR, credit/collections principles, and credit risk analysis; ability to reduce DSO. Strong system skills and ability to learn new systems; proficient in Microsoft Office. Creative problem-solving, excellent communication, and organizational skills. Ability to build relationships across departments, branches, and plants; self-motivated and adaptable in a growing organization. Work Environment
Office, warehouse, and plant environments; PPE may be required in some areas. Ability to access and navigate all facilities. EEO Statement
We are an equal employment opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion, gender, national origin, disability status, protected veteran status, or any other characteristic protected by law. Other
Seniority level: Mid-Senior level Employment type: Full-time Job function: Accounting/Auditing Industries: HVAC and Refrigeration Equipment Manufacturing
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Join to apply for the
Credit and Collections Manager
role at
Camfil USA – North America’s Air Filtration Company Serving Canada & the US. This is an on-site position at Camfil USA's Corporate Office in Riverdale, NJ. Essentials
Summary:
The Credit Manager will support the management team with analysis regarding collecting the company's accounts receivable and protecting the assets of the company. The Credit Manager will work with all sales, operations and branches within the business unit. The Credit Manager will report to the Director of Finance and direct reports will include the Accounts Receivable/Credit and Collections Team. The role involves reviewing monthly accounts receivable, credit and collections status, assessing credit risks, and advising senior management. The objective is to reduce overall DSO and provide insight for long-term planning and performance evaluation. Responsibilities
Lead the department in the collection of all accounts receivable. Analyze key accounts for payment history and issues. Coordinate progress payments and develop payment plans for large past-due balances. Promote an effective project/functional environment; mentor and coach the Accounts Receivable/Credit Department Team; provide leadership and guidance. Assess current business practices and recommend best practices to improve efficiency. Develop processes and controls to ensure accuracy of accounts receivable data. Prepare financial reporting for upper management, including aged analyses, DSO trends, and monthly updates on DSO development. Provide ad-hoc analyses for the corporate Director or VP of Finance; monitor cash goals and develop alternatives as needed. Monitor order activity daily; approve credit holds and assess customers for credit extensions. Prepare materials for senior managers, regional directors, customer service and operations; feedback to Sales on payment issues and delinquency recommendations. Oversee AR functions including cash application (Lockbox, ACH, wire, credit cards, intercompany netting). Ensure daily reconciliation and posting. Ensure proper posting of AR journal entries (suspense, bad debt, accrued receivables) with documentation and approvals. Supervise A/R & Credit Teams; develop and mentor team members. Work with 3rd party vendors and legal/professional firms for liens and third-party collections; approve monthly legal invoices. Standardize customer account creation in AS400/Macpac; maintain credit lines and review annually; reconcile intercompany accounts with Camfil affiliates. Conduct quarterly intercompany reconciliations; support financial reporting for significant transactions. Prepare bad debt analyses and update reserves; manage tax-exempt certificate maintenance for eligible customers. Maintain AR/credit policies, procedures, and standard work; identify continuous improvement opportunities. Other duties as assigned. Qualifications
Bachelor's Degree in Accounting/Finance preferred. Working experience may substitute for education. Minimum of 10 years in leadership roles within Accounts Receivable, Credit and Collections in Finance. Strong knowledge of AR, credit/collections principles, and credit risk analysis; ability to reduce DSO. Strong system skills and ability to learn new systems; proficient in Microsoft Office. Creative problem-solving, excellent communication, and organizational skills. Ability to build relationships across departments, branches, and plants; self-motivated and adaptable in a growing organization. Work Environment
Office, warehouse, and plant environments; PPE may be required in some areas. Ability to access and navigate all facilities. EEO Statement
We are an equal employment opportunity employer. All qualified applicants will receive consideration without regard to race, color, religion, gender, national origin, disability status, protected veteran status, or any other characteristic protected by law. Other
Seniority level: Mid-Senior level Employment type: Full-time Job function: Accounting/Auditing Industries: HVAC and Refrigeration Equipment Manufacturing
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