Oil-Dri Corporation of America
Overview
Oil-Dri’s Credit Manager is responsible for customer credit management, accounts receivable, collections, and cash posting. This position also supports reporting, planning and analysis of accounts receivable, as well as initiatives to improve working capital and the Order-to-Cash cycle. This position offers exposure to the various corporate and operations departments and all levels of management including the CFO and CEO. Role location: Chicago area (hybrid). Monday - Wednesday onsite required. Oil-Dri is a leading manufacturer and supplier of specialty sorbent products for consumer and business-to-business markets. The company emphasizes honesty, integrity, and accountability and is dedicated to fulfilling its mission to Create Value From Sorbent Minerals. Base pay range
$106,606.00/yr - $160,718.00/yr Additional compensation
Annual Bonus Compensation & Benefits
Salary Range: $106,606 - $160,718 401(k) with 6% match (Fully Vested at 2 Years) Annual Incentive Bonus Annual Merit increase opportunity Employee Stock Purchase Plan 11 Corporate Holidays Pre-Tax Transit Fitness & Gym Reimbursement Employee Stock Purchase Plan Key Responsibilities
Establish new customer credit, review and update credit lines to mitigate overall organization risk. Manage overall A/R performance for the entire portfolio of customer accounts. Report performance measures including DSO, past due balances, aging invoices and customer risk assessments. Minimize past due exposure, ensure adherence to payment terms while limiting bad debt, maximizing sales and building customer relationships. Partner with Sales and Customer Service teams to resolve billing disputes and customer issues adversely impacting timely collections. Hire, develop and manage team members. Prepare monthly bad debt reserve calculation and support audit requests. Act as subject matter expert of JDE Collections Module and Deductions Module; test improvements and train teammates on functionality as needed. Review and approve non-chargeback credits, returns, and refund checks. Execute decisions for problem solving, pricing discrepancies, return goods, credit limitations, credit hold shipments, and negotiate payment settlements. Monitor the releases, cancellation, and pending orders that have been held due to credit limits and/or delinquency status. Manage distressed debtor accounts, define payment schedules and file bankruptcy paperwork where necessary. Manage relationships with outside collection agencies and credit information providers. Analyze financial statements, as required, to support credit determinations. Support A/R due diligence and integration of acquisition targets. Work on other special projects as required. Strong analytical ability to identify variations and trends, summarize outcomes for senior and executive management. Strong understanding of customer credit risk and macro-economic impacts on exposure. Be highly responsive with a sense of urgency to provide high quality, accurate deliverables under tight time pressure. Develop meaningful ad-hoc financial modeling and analysis in Excel and/or JDE creating analytics and insights. Solid accounting knowledge, including full financial statement understanding (Balance Sheet, P&L & Cash Flow). Other duties as assigned. Qualifications
Education: Bachelor’s Degree in Accounting, Finance or Business 5+ years of experience in credit or finance related roles Skills & Abilities: Strong change agent and problem solver Experience with JDE preferred Experience in financial reporting and planning tools and ERPs Strong interpersonal skills and ability to partner with Sales and Customer Service teams Experience in P&L, financial/data, cost, and profitability analysis in a manufacturing organization preferred Cross-functional engagement in a matrix organization MS Office Employment details
Seniority level: Director Employment type: Full-time Job function: Accounting/Auditing, Management, and Finance Industries: Mining and Manufacturing EEO & equal opportunity
Oil-Dri is committed to providing equal opportunity for all teammates and qualified candidates without regard to race, color, creed, religion, sex, age, sexual orientation, national origin, ancestry, citizenship, marital status, mental or physical disability, veteran status, or any other characteristic protected by federal, state, or local laws. Employment decisions and programs will be consistent with equal employment opportunity. Location diagnostics
Get notified about new Credit Manager jobs in Chicago, IL. This posting includes job market context (example postings shown for reference).
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Oil-Dri’s Credit Manager is responsible for customer credit management, accounts receivable, collections, and cash posting. This position also supports reporting, planning and analysis of accounts receivable, as well as initiatives to improve working capital and the Order-to-Cash cycle. This position offers exposure to the various corporate and operations departments and all levels of management including the CFO and CEO. Role location: Chicago area (hybrid). Monday - Wednesday onsite required. Oil-Dri is a leading manufacturer and supplier of specialty sorbent products for consumer and business-to-business markets. The company emphasizes honesty, integrity, and accountability and is dedicated to fulfilling its mission to Create Value From Sorbent Minerals. Base pay range
$106,606.00/yr - $160,718.00/yr Additional compensation
Annual Bonus Compensation & Benefits
Salary Range: $106,606 - $160,718 401(k) with 6% match (Fully Vested at 2 Years) Annual Incentive Bonus Annual Merit increase opportunity Employee Stock Purchase Plan 11 Corporate Holidays Pre-Tax Transit Fitness & Gym Reimbursement Employee Stock Purchase Plan Key Responsibilities
Establish new customer credit, review and update credit lines to mitigate overall organization risk. Manage overall A/R performance for the entire portfolio of customer accounts. Report performance measures including DSO, past due balances, aging invoices and customer risk assessments. Minimize past due exposure, ensure adherence to payment terms while limiting bad debt, maximizing sales and building customer relationships. Partner with Sales and Customer Service teams to resolve billing disputes and customer issues adversely impacting timely collections. Hire, develop and manage team members. Prepare monthly bad debt reserve calculation and support audit requests. Act as subject matter expert of JDE Collections Module and Deductions Module; test improvements and train teammates on functionality as needed. Review and approve non-chargeback credits, returns, and refund checks. Execute decisions for problem solving, pricing discrepancies, return goods, credit limitations, credit hold shipments, and negotiate payment settlements. Monitor the releases, cancellation, and pending orders that have been held due to credit limits and/or delinquency status. Manage distressed debtor accounts, define payment schedules and file bankruptcy paperwork where necessary. Manage relationships with outside collection agencies and credit information providers. Analyze financial statements, as required, to support credit determinations. Support A/R due diligence and integration of acquisition targets. Work on other special projects as required. Strong analytical ability to identify variations and trends, summarize outcomes for senior and executive management. Strong understanding of customer credit risk and macro-economic impacts on exposure. Be highly responsive with a sense of urgency to provide high quality, accurate deliverables under tight time pressure. Develop meaningful ad-hoc financial modeling and analysis in Excel and/or JDE creating analytics and insights. Solid accounting knowledge, including full financial statement understanding (Balance Sheet, P&L & Cash Flow). Other duties as assigned. Qualifications
Education: Bachelor’s Degree in Accounting, Finance or Business 5+ years of experience in credit or finance related roles Skills & Abilities: Strong change agent and problem solver Experience with JDE preferred Experience in financial reporting and planning tools and ERPs Strong interpersonal skills and ability to partner with Sales and Customer Service teams Experience in P&L, financial/data, cost, and profitability analysis in a manufacturing organization preferred Cross-functional engagement in a matrix organization MS Office Employment details
Seniority level: Director Employment type: Full-time Job function: Accounting/Auditing, Management, and Finance Industries: Mining and Manufacturing EEO & equal opportunity
Oil-Dri is committed to providing equal opportunity for all teammates and qualified candidates without regard to race, color, creed, religion, sex, age, sexual orientation, national origin, ancestry, citizenship, marital status, mental or physical disability, veteran status, or any other characteristic protected by federal, state, or local laws. Employment decisions and programs will be consistent with equal employment opportunity. Location diagnostics
Get notified about new Credit Manager jobs in Chicago, IL. This posting includes job market context (example postings shown for reference).
#J-18808-Ljbffr