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Director of Credit and Collections

Company: LASKO
Location: West Chester
Posted on: August 5, 2022

Job Description:

Lasko Products, an industry leader of home environment products for over 100 years, is seeking a Director of Credit and Collectionsfor our West Chester, PA headquarters.The Director of Credit and Collectionsposition will oversee and manage the Accounts Receivable and Credit team to include training, monitoring staff portfolio of accounts, produce and work with aging reports, minimize bad debt exposure, and identify process improvement opportunities.This position is responsible for the credit processes to include application procedure, creditworthiness assessment, and periodic reviews for a portfolio of customers excluding the Top 25 Customers (based on sales).Primary ResponsibilitiesOversee the overall Accounts Receivable function as an organization, direct staff and activities on the Financial or Accounting Department that handles income from product salesCollaborate with top management to set operational standards and contribute essential information to strategic plans.Drive AR Automation project in partnership with IT and third-party software providerUnderstand complex customer programs and ensure appropriate application of discounts, rebates and credits, driving system automation where availableManage and oversee document retentionMonitor all AR Specialist customer portfolio account details for non-payments, delayed payments and other irregularities; directly effects cash flow and company DSOMinimize bad debt exposure, maintain aging at an acceptable level, driving accountability in the team to resolve open itemsDetermine accounts that should be placed on credit hold for non-payment issuesEvaluate credit analysis for new and existing customer accounts, running D reports, checking credit references, manage credit application software process, setting credit limits and payment termsAssist with timely month-end closing including analysis of required reservesProvide positive leadership skills by coordinating work efforts, making suggestions for process improvements, streamlining functions and keeping management abreast of any potential workflow problemInteract regularly with internal departments to resolve invoicing and deduction issues - Sales, Customer Services, Logistics, ITRequirements:Bachelor's Degree in accounting, finance, or business management12+ years of Accounts Receivable/Credit Management ExperienceExperience building and leading teamsExperience engaging with C-suite leadersExperience using MS Office Suite (Outlook, Excel, Word)Experience with HighRadius is nice to haveLasko Products is an equal employment opportunity employer. We attract and retain the best qualified people without regard to race, color, religion, national origin, gender, gender identity, sexual orientation, age, individuals with disability or veteran status as provided by law. Lasko Products is an Equal Employment Opportunity Employer/Disability/Veteran.#CBEqual Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Keywords: LASKO, Wilmington , Director of Credit and Collections, Executive , West Chester, Delaware

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