Credit Manager

The Credit Manager is responsible for managing customer credit, collections, and accounts receivable to help the company get paid on time, reduce financial risk, and maintain accurate financial records. This person also oversees one direct report and works closely with Sales, Operations, Finance, and Customer Service.

$90-$100K DOE room for growth

Comprehensive benefits/ 401k match

PTO 10 days/5 sick days

100% on site- Libertyville. IL

Key Responsibilities

• 1 direct report
• Review and approve credit for new customers.
• Monitor customer accounts to ensure invoices are paid according to agreed terms.
• Review orders placed on credit hold and release them when appropriate.
• Track customer and distributor payment trends and identify potential risks.
• Maintain accurate customer credit files and records.
• Oversee collections activities and accounts receivable processes.
• Reconcile accounts receivable and bank accounts to the general ledger.
• Review sales return and allowance reserves each quarter and recommend adjustments if needed.
• Supervise the preparation and filing of Sales & Use Tax returns and assist with audits.
• Train and manage the Finance & Payroll Generalist.
• Maintain written procedures for credit and collections activities.
• Partner with internal departments to resolve billing and account issues.
• Provide backup support for pricing updates, distributor reporting, rebate accruals, and operational reporting.
• Perform other duties as assigned.

Requirements

• Bachelor's degree preferred or equivalent experience.
• At least 7 years of accounting experience, including 5+ years in credit and collections.
• Strong knowledge of credit, collections, and bankruptcy laws .
• Supervisory experience.
• Proficiency with Microsoft Office (Excel, Word, Outlook, etc.).
• Ability to travel occasionally.