International Staffing Consultants, Inc.
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Accounts Receivable & Credit Manager, Consumer Products
Chicago, IL
IDj-48125Posted 10/3/2024
The Accounts Receivable & Credit Manager is responsible for maintaining accuracy in all areas of the receivables function. Looking for someone with any CPG industry experience and food industry is OK but not required.
 
This individual is responsible for monitoring credit risk, overseeing the processing of incoming payments and deductions, and ensuring a current AR aging.
 
He/she will manage a small staff and will partner with cross functional departments including Sales, Customer Service, Operations and Accounting.
 
Job Duties and Responsibilities
 
• Establish and maintain credit policies and procedures, and own the credit evaluation process, including placing customers on hold as necessary when limits are exceeded.
• Ensure customers are legitimate and financially viable.
• Manage and monitor accounts receivable to ensure prompt collection and compliance with company and state standards, including unclaimed property reporting.
• Ensure accurate processing and posting of incoming payments and deductions.
• Ensure customer deductions are resolved in partnership with the sales, customer service, and operations teams (Shipping and Warehousing).
• Approve cash batches daily to ensure all payments received are applied.
• Each morning, ensure the deductions workbench balances to the Company’s trade system (Exceedra).
• Review and scrutinize data to verify any discrepancies within the system (ERP or Exceedra).
• Prepare ad-hoc reports and analyses to various levels of management.
• Manage a team of cash application, collection, and deduction associates, including the ongoing development of such individuals. Enable the team to succeed via the organization of files and information needed to process transactions.
• Serve as the subject matter expert in AR, Credit, Collections and Deduction processing.
• Ensure all processes are properly controlled.
 
Qualifications
 
• BS degree in Finance, Accounting, or Business Administration.
• Experience as an accounts receivable manager, and/or accountant with proven success in that role.
• Reliable, solid understanding of industry standards including basic accounting principles, fair credit practices, and collection rules and regulations.
• Meticulously accurate abilities to calculate, post, and manage necessary accounting figures and financial records.
• Exceptional critical thinking skills and aptitude for working with numbers.
• Collaborative and communicative leader that thrives working in a team-oriented environment.
• Significant, first-hand experience operating spreadsheets and accounting software.
• Excellent English language skills, both written and verbal.
• Proficiency in MS Office.
• Well-versed in customer service, escalation and negotiation skills.
• Highly detail-oriented thinking and proven accuracy.
• Ability to problem solve, set priorities, and work collaboratively toward issue resolution.
• Must be able to communicate effectively across functions, build trust, and exercise judgment.
 
Why is This a Great Opportunity?
 
Excellent recognizable brand that has deep pockets and looking forward to future acquisitions.  Reports into the C suite
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