Credit Manager

We are looking for a Credit Manager to join our client's team in Mobile, Alabama. This role is responsible for overseeing the assessment of customer creditworthiness, managing outstanding accounts receivable, minimizing bad debt risk, and ensuring adherence to the company's credit policies. This position plays a key role in safeguarding the company's financial interests by working closely with sales, finance, and external partners.

Responsibilities:

Evaluate the financial health and stability of new and existing clients through a detailed review of their financial records, assessing liquidity, repayment abilities, and collateral values.

Supervise the recovery efforts for overdue balances, liaising with third-party collection services and legal advisors when appropriate.

Address and mediate disputes linked to credit, working with other departments and customers to promptly resolve issues related to credit risk exposure.

Review and approve credit applications, determining suitable credit lines and payment terms for customers.

Prepare and circulate periodic financial and credit reports for management and sales, ensuring relevant stakeholders are informed of significant credit developments.

Cooperate with the sales team to support better credit practices and to reduce credit-related losses and delinquent accounts.

Continuously track client accounts to ensure compliance with service terms and proactively recommend adjustments to credit limits when necessary.

Monitor the company's receivables to control and lower the potential risk and costs of bad debt, adjusting internal processes as needed.

Enforce and update the corporate credit policy; initiate liens or legal proceedings against severely delinquent accounts if other efforts are exhausted.

Coordinate closely with internal leaders to maintain strong financial controls and communicate non-routine transactions or risk exposures.

Ensure all accounts receivable processes comply with established accounting standards, including the application of incoming payments, resolution of payment discrepancies, processing of credit memos, and correction of errors related to various payment methods.

Oversee the accurate and timely monthly, quarterly, and annual financial closings for accounts receivable statements.