Credit Manager II','12004642','Regular','Full-time','CT-New London-Yantic/Norwich','','Manages the Division Credit Department function; administers and implements the credit policy & procedures governing the credit activities of the Division; manages the investigation of credit risks and approves extension of credit terms & limits; manages more complex and larger collection accounts.','!*!
Analyze credit risk, determine credit worthiness of potential customers, and approve credit terms & limits for new street customer accounts; ensure proper and complete documentation is obtained for all new accounts.
Work with existing and potential customers to investigate credit matters, review potential solutions, resolve collection related issues, and improve the credit relationship between the customer and US Foods.
Manage the open account receivable portfolio to insure prompt and timely collection of all open items; when necessary, design and implement payment plans or Notes receivable on past due accounts; initiate, monitor, and manage the filing of UCCs or other security interest filings when necessary.
Manage customer credit issues/resolutions with the Sales Department, deciding which accounts are deemed uncollectible within the Division and assigning them to the Third Party Collections group at the Support Office; manage and report on Division AR Reserve.
Evaluate, plan, and control department processes & functions in conjunction with Regional Credit Manager; establish and manage the Divisional Credit department budget.
In conjunction with the Division President, define the work standards to implement best practices within the Division; recommend change in methods or procedures to improve the efficiency of the credit department.
Lead monthly credit meeting with Division Senior staff, making specific recommendations on opening new accounts terms, accounts that are credit worthy for Sales to pursue, and courses of action on collection matters.
Manage Division Credit Department staff, performing functions that include: interviewing, training & development, performance management, and appraisals; make recommendations on hiring decisions, promotions, salary increases, disciplinary actions, and terminations.
Ensure compliance with all regulatory requirements including internal Sarbanes Oxley controls and manage the Accounts Receivable so that the Division passes all Internal and External Audit requirements with no unsatisfactory comments or ratings.
Support large staff of Division District Sales Managers and Territory Managers, typically over 80 employees in total.
Communicate effectively (both oral and written) and utilize strong organizational skills.
Detail oriented with strong analytical and problem solving skills.
Works cooperatively with individuals at all levels within the company and with customers.
Required travel of approximately 5-10%.
6 years progressive credit-related experience including analyzing credit risk OR determining credit worthiness of potential customers.
Prior leadership experience in a supervisor-related role.
Ability to assess financial reports.
In-depth knowledge of business law as it relates to credit/bankruptcy (i.e., Admin claims, PACA claims, preference suits and defenses).
Intermediate Excel skills (create pivot tables, look-up formulas, intermediate spreadsheets, etc.).
Intermediate Access skills.
Prior experience in a food or food service-related environment.
Prior credit-related experience within a warehouse or distribution environment.
','','Day Job','Credit','Manager','Yes, 10% of the time','Not Applicable','Credit Manager II
U.S. Foodservice, Inc.
Website : http://www.usfoodservice.com