The Credit Manager is responsible for managing trade accounts receivable and the extension of credit for the US operations, and indirectly for all other subsidiaries. You will implement collection policies as established by Company guidelines, while focusing on minimizing financial risk.
As a leading provider of smart water technologies, Badger Meter offers employees many opportunities to help preserve and protect the world most precious resource – water! With 1,700 employees globally, our company is large enough to continually drive market innovation and provide ongoing professional development for our teammates, all while we maintain a relaxed, flexible working atmosphere. Badger Meter employees enjoy the ability to be self-directed, influence the direction of their departments and contribute to make a visible impact. For more than 116 years, Badger Meter has provided strong, stable financial growth, in turn providing employees with the opportunity to build long, successful careers.
Job Duties:
Direct and supervise the credit department function which includes evaluating, establishing and implementing sound credit and collection procedures for all customer accounts.
Minimize financial risk through application of sound credit and collection procedures as established by the Company, ensuring favorable cash flow.
Evaluate overdue customer accounts and initiate appropriate collection procedures.
Maintain strong communication with customers and internal departments, including sales staff, distributor network, finance, legal counsel, and customer service on status of past due accounts. Maintain communications with manufacturing to determine shipping schedules in terms of hold status, cash in advance, and customer returns.
Analyze customer financial risk to establish customer payment terms and credit limits to assure that they are within the Company’s policy and risk profile.
Establish sources where reliable credit information and collection services may be obtained.
Negotiate settlements, propose settlements or collections from customers, attorneys, collection agencies or other credit organizations necessary to accomplish this purpose, and determine when accounts require services outside of the Company or further legal action.
Actively assist credit team in account review and investigation for significantly past due or difficult accounts, including communication with customers and other internal or external stakeholders.
Complete quarterly analysis and estimation for any bad debt accruals.
Manage a team of analysts performing customer collections and cash application.
Perform all personnel functions related to and required by this managerial position including the selection, counseling, motivating, training, and development of employees, evaluation of performance and recommendations for salary or promotional increases.
Perform other related duties as requested.
Competencies:
Strong communication skills for all levels of the organization.
Continuous improvement mindset.
Effective at making decisions with the support of data.
Ability to filter through data sets to understand transaction flow and solve customer account issues.
Education and Experience:
Bachelor's degree in finance, business administration, accounting, or a related field desired
7+ years of related experience in credit or a related field desired
Qualifications:
Advanced knowledge of infor LX, Oracle, and Salesforce preferred
Advanced knowledge of Excel required
Basic knowledge of Microsoft Office products required