Credit & Accounts Receivable Manager at NEWAGE INDUSTRIES INC

Southampton, Pennsylvania, United States -

Full Time

Start Date

Immediate

Expiry Date

17 Mar, 26

Salary

0.0

Posted On

17 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Evaluation, Accounts Receivable Management, Leadership, Analytical Skills, Problem-Solving, Communication Skills, Process Improvement, Risk Management, Customer Relationship Management, Financial Analysis, ERP Systems, Microsoft Excel, Team Development, Collections Management, Compliance, Training, Coaching

Industry

Plastics Manufacturing

Description

Description Position Summary: The Credit and Accounts Receivable (A/R) Manager is responsible for managing trade credit risk and overseeing the company’s accounts receivable function to ensure timely cash flow and minimize bad debt exposure. This role combines strategic credit evaluation and decisions with operational oversight of invoicing, cash application, and customer account management. The position requires a balance between risk management and building strong customer relationships, while also contributing to process improvements, compliance, and mentoring of junior team members. Key Job Responsibilities: Credit Evaluation & Recommendations Evaluate customer creditworthiness through financial analysis, credit reports, and payment history. Determine credit limits and terms for new and existing customers in accordance with company policies and through collaboration with Commercial team. Monitor credit exposure and adjust limits based on risk trends and customer performance. Accounts Receivable Oversight Supervise A/R processes including invoicing, cash application, and account reconciliations. Ensure accurate and timely posting of payments and resolution of discrepancies. Maintain aging schedules and monitor DSO (Days Sales Outstanding) performance. Collections Manage receivables and customers follow up to resolve past-due balances and disputes. Oversee third-party collection agencies for recovery of significantly past-due accounts. Prepare reports on collection status and bad debt exposure for senior management. Management & Leadership Lead and develop the A/R team, providing training, coaching, and performance feedback. Foster a culture of accountability and continuous improvement within the team. Collaborate with Sales, Finance, and Operations to resolve customer disputes, improve processes, and balance risk management with business growth. Ensure adherence to company policies, best practices, and performance standards. Policy & Compliance Ensure adherence to company policies and internal controls. Maintain compliance with audit requirements and all applicable laws and regulations. Reporting, Process Improvement & Compliance Prepare and present credit and A/R reports and summaries to management. Recommend and implement process improvements to credit, A/R, and collections procedures to enhance efficiency and minimize risks. Assist in developing and refining credit policies, procedures, and internal controls. Other Duties Perform additional tasks and responsibilities as assigned. Requirements Education, Skills and Experience Requirements: Bachelor’s degree in Finance, Accounting, Business, or related field. 5+ years of experience in credit and accounts receivable management, preferably in a manufacturing or B2B environment. Proven leadership experience managing a team. Experience with credit scoring models and risk analytics preferred Strong analytical, problem-solving, and communication skills. Ability to lead process improvements and work cross-functionally. Proficiency in ERP systems and Microsoft Excel.

Responsibilities

The Credit and Accounts Receivable Manager is responsible for managing trade credit risk and overseeing the accounts receivable function to ensure timely cash flow and minimize bad debt exposure. This includes evaluating customer creditworthiness, supervising A/R processes, managing collections, and leading the A/R team.