Deputy Manager - Credit
Description
It's fun to work in a company where people truly BELIEVE in what they're doing!
Job Description:
Develops, recommends, and implements policies and procedures for investigating and evaluating new and existing customer creditworthiness and extending or revoking credit lines/limits. Coordinates with internal departments to resolve billing disputes that may affect the ability to collect receivables. Reviews and makes recommendations regarding bad debt or write-offs. Investigates and analyses credit risks, using available internet and credit agency tools and information. Recommends and implements credit extensions/revocations, and/or legal action where necessary. Develops and maintains relationships with outside credit agencies. Ensures procedures and internal controls are followed in compliance with Sarbanes-Oxley initiatives.
Job Responsibilities
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Assessing credit risks and managing credit insurance policies, if applicable.
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Monitoring payment due dates and following up with customers for timely payments.
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Sending payment reminders and statements to customers with overdue balances.
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Recording payments received and reconciling accounts. Advise management on regulatory changes impacting business.
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Implementation and monitoring of Data protection laws and policies, including training Ingram Micro associates.
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Maintaining customer master data, including contact information, credit limits, and payment terms.
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Reviewing sales contracts and agreements for accuracy and completeness.
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Conducting internal audits to identify errors, discrepancies, or fraudulent activities.
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Implementing controls and procedures to safeguard against unauthorized transactions.
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Analyzing receivables data to assess customer creditworthiness and risk exposure.
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Developing and implementing credit policies and strategies to optimize cash flow and minimize bad debts.
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Generating reports and providing insights to management on receivables performance and trends.
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Managing overdue accounts and initiating collection efforts.
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Coordinating with legal advisors or debt collection agencies for legal actions or recovery procedures.
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Negotiating settlements and payment plans with delinquent customers.