The Credit Manager for New England Building Supply will be responsible for Credit & AR functions as well as collection management for approximately $100M in annual receivables. This person will drive the effective administration of the company’s internal credit controls and collection policies while analyzing different types of financial information to reach sound credit decisions. The Credit Manager will partner with sales, administrative, and operational teams to promote sales while meeting cash flow goals and mitigating delinquent receivables and potential bad debt loss.
This position will report to the President at New England Building Supply and will work closely with the Credit & AR Team at Kodiak Building Partners, the parent company of New England Building Supply.
Primary Responsibilities include:
Analyze credit risk of new applicants by performing thorough review and assessment
Utilize credit reporting bureaus, trade references, and other applicable sources of information to extend credit to customers in accordance with company policies
Monitor and review credit information, including credit limits, of existing customers annually
Manage AR portfolio through direct involvement with customers, sales, and internal resources
Work cross-functionally with other departments and attend regular sales meetings
Make collection efforts thru phone calls, emails, and regular in-person customer visits
Negotiate and secure arrangements for payment with delinquent accounts
Monitor and maintain Lien/Bond rights according to company policy
Minimize bad debt exposure while helping the company maximize profitable sales
Meet monthly collection, DSO and delinquent AR goals
Understand cashflow reporting and and forecasting targets
Conduct yearly performance review activities for direct reports
Participate in local industry credit groups as a representative for New England Building Supply
Develop, drive, and improve internal policies & procedures to ensure compliance and the highest integrity of the company’s results
Maintain daily tasks such as check deposits, bank reconciliation, and applying payments to Bistrack
Ad hoc projects as required
Experience & Characteristics:
5+ years of experience in credit and collections preferred
Relevant industry experience, building materials distribution or construction preferred
Lien and Bond experience preferred
Familiarity with analyzing business and consumer credit reports preferred
Proficient use of MS Office Suite, specifically Excel required
Basic accounting and finance knowledge is required
Team player and self-motivated
Ability to prioritize and meet strict deadlines
Strong interpersonal, presentation, and negotiating skills
New England Building Supply is a leading provider of lumber, building materials, windows, doors, cabinetry, and other related products for professional builders, remodelers, and general contractors throughout greater Boston. With a primary focus on providing exceptional service, New England Building Supply ensures that all customers receive the support they need to improve their productivity and profitability.
As the advocate for business credit and financial management professionals NACM and its network of Partners take great pride in being the primary learning, knowledge, networking and information resource for commercial creditors nationwide.