Credit Manager - #197379
Date: 04/08/2021 18:30 PM
City: Evansville, Wisconsin
Contract type: Full Time
Work schedule: Full Day
For over 100 years, BlueScope continues to build on our reputation of quality brands and products, leading technology and a customer-first spirit. Through our global brands, we are one of the largest manufacturers of building solutions in the world. Our diverse, bright and inspired workforce is committed to bettering the communities we serve through breakthrough thinking and innovations. Your goals, ideas and perspective can help shape our future – we look forward to hearing them!
The Credit Manager minimizes carrying costs for Accounts Receivable by improving cash flow and maintaining a Days Sales Outstanding (DSO) consistent or better than industry standard for the regions under management. The Manager minimizes bad debt losses when approving projects by evaluating the level of risk in relationship to the potential return. The financial/credit relationship to customers is a crucial element in both keeping projects on the production schedule and managing the accounts receivable portfolio. The Credit Manager makes informed decisions to promote a sense of fairness and good customer relations while using mechanisms to protect the company’s investment in customers.
Primary Duties & Responsibilities
Review purchase contracts, ladder of supply, and project details to evaluate collection risk on every project sold. Establish credit terms for each project, including: a) keeping abreast of lien rights in all states, b) based on project structure, determining the need for secondary security or other coverage such as contractor payment bonds, letters of credit, cross corporate guarantee, insurance or advanced payment c) analyzing current customer exposure in production and AR, and d) assuring full and direct communication of requirements with customers on each project.
Participate in daily interaction with customers, project managers and sales managers regarding disputes, collections and claims. Keep internal personnel on task for dispute resolution.
File mechanic’s liens and/or bond claims, when necessary, and determine when it is appropriate to waive lien rights on projects. Engage legal department or external attorney as required.
Provide monthly reporting to management for regional DSO/collections results and timely updates on customer accounts.
Analyze financials of builder recruits to establish an initial credit guideline and ongoing review of annual customer financials.
Assist management to oversee and train Credit Analysts
Making and communicating credit decisions proactively on each project for the mutual benefit of the company and our customers.
Credit Collections/Lien Rights – ownership and responsibility for ensuring credit policies are being adhered to, collections are timely, and secondary security or lien/bond rights are maintained for the life of each project.
Open communication with management regarding customer issues, nonpayment or otherwise.
Purchase orders to review Ladder of Supply and other project specifics
NCS – lien resource used for lien laws by state, as well as filing and releasing liens
Financial statements – understanding key ratios to evaluate risk
Dun & Bradstreet (D&B) reports and ratings used to evaluate risk
Receivables Aging, Payment Performance, and Commitment Balance reports
Oracle Order Management for project and shipping information for maintaining lien rights
BuilderNet/MyAccount/Excel- Project Reconciliation form, invoices, etc. to assist customers with their accounts
Documentary Letters of Credit, Credit Insurance, Joint Check Agreements, Accord & Satisfaction Agreements, Cross Corporate Guarantees, Supplier Performance Bonds, Payment Performance Bonds as necessary depending on project details
Education and Experience
Bachelor’s degree with minimum of 5 years of Construction credit experience. Prefer 10 years of construction credit experience.
Experience in the Building & Construction industry including an understanding of Mechanics Lien, Joint Payment Agreements, Construction Payment and Performance Bonds, and Letters of Credit (Standby & Documentary)
Knowledge of export sales (secured and/or insured)
Other Skills and Competencies
Proficient with Microsoft Office applications, Organizing, Interpersonal savvy, Customer Focus, Managing through systems, Presentation skills, Written and oral communication skills, Problem solving and Priority setting.
The preceding job responsibilities and tasks were designed to indicate the general nature and level of work performed by associates in this job. It is not designed to contain or be interpreted as a comprehensive inventory of all job duties and responsibilities required of associates assigned to this job. Associates may be required to perform other duties as assigned. Additional job competencies, individual goals, and performance measurements are set at the department level.
The benefits are just as rewarding as the work at BlueScope. To support our goal, we offer a total compensation plan and an outstanding benefits package that includes health insurance, life insurance, short and long term disability, paid time off, and retirement.
EEO Employer/M/F/Disabled/Protected Veteran
BlueScope is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status, as a protected veteran, among other things, or status as a qualified individual with disability.