Credit and Collection Manager at JF Petroleum Group

Morrisville, North Carolina, United States -

Full Time

Start Date

Immediate

Expiry Date

12 Jan, 26

Salary

0.0

Posted On

14 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Management, Accounts Receivable, Collections, Customer Database Management, Supervisory Experience, Risk Mitigation, Communication Skills, Excel

Industry

Oil and Gas

Description

Description The JF Petroleum Group stands as a premier leader in the North American fueling infrastructure industry, offering comprehensive turn-key solutions for distribution, construction, and service needs. We serve a diverse clientele including retail fueling stations, commercial and government fleets, and emergency power customers. The Credit and Collection Manager is a key contributor to the Finance department, and is responsible for protecting the company’s assets, overseeing and improving the credit-granting process, and designing and implementing processes to improve cash flow and reduce outstanding receivables. Key metrics contributing to the success of the incumbent include the following: A/R management: Days Sales Outstanding (DSO) Past Due % Overall Late Balance 90 Days Late Balance 270 Days Late Balance Weighted average Days Late Bad Debt % to total A/R Unapplied Deposits % to Net A/R Unapplied Cash & Credits % to Net A/R Credit Management % 24-hour turnaround on credit applications Responsibilities: Establish and maintain credit management policies, procedures and processes which effectively and efficiently mitigate A/R risk and exposure Manage customer credit limits to mitigate risk and credit management KPIs Supervise and assist with customer account setup and maintenance. Lead the day-to-day collections function though active management to achieve existing and future KPIs. Ensure that internal and external customer inquiries via email and telephone are managed effectively and efficiently Calculate and maintain A/R reserve balances in compliance with GAAP as well as company policies and guidelines Assist Corporate Controller with audit requests as necessary Supervise and develop team members by providing thoughtful coaching and guidance Develop necessary policies, guidelines, and standard work procedures associated with all job responsibilities Identify process gaps or inefficiencies and propose and implement procedures to improve process effectiveness and efficiency Key Relationships Must be able to effectively communicate and build relationships with team members throughout all levels of the organization Requirements BA/BS in Management, Accounting or Finance required Minimum of 5 years of experience in Accounts Receivable, Credit Management, Collections, and Customer Database Management 5 years of supervisory experience Demonstrated knowledge of Credit Management risk mitigation strategies (liens, security interest, credit evaluation, etc.) Must have excellent oral and written communication skills Must have an advanced knowledge of Excel Ability to travel, as necessary, up to 10% Must be able to meet company’s employment requirements, which includes passing a drug screen, criminal background check, and MVR, if driving for the company Physical Requirements: include occasional lifting/carrying of 10 pounds; visual acuity, speech and hearing; hand and eye coordination and manual dexterity necessary to operate a computer keyboard and basic office equipment. Subject to sitting, standing, reaching, walking, twisting, and kneeling to perform the essential functions. Working conditions are primarily inside an office environment. Prolonged periods sitting at a desk and working on a computer. JF Petroleum offers: Competitive pay 401(k) with company match Paid time off Paid holidays Health benefits (eligible 1st of the month following 30 days) including Medical, Vision, Dental, Disability Life insurance-company provided Bonus program eligibility Paid training for field personnel Uniforms provided for field personnel *JF Petroleum Group is an equal opportunity employer and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or any other legally protected status.

Responsibilities

The Credit and Collection Manager is responsible for protecting the company’s assets and overseeing the credit-granting process. This role involves designing and implementing processes to improve cash flow and reduce outstanding receivables.