• Credit and Collections Specialist

    Posted Date 4 months ago(10/4/2018 12:07 PM)
    Job ID
    # of Openings
    IMI Precision Engineering
  • Overview

    The Credit and Collection Specialist is responsible for all credit and collections functions driving the improvement of cash flow and reduction of accounts receivable. This position utilizes accounting software systems to analyze and review account balances, reconcile customer accounts, and track the current status of accounts receivable. 


    1. Contacts assigned portfolio of customers to collect on past due amounts.
    2. Demonstrates a thorough understanding of customers’ open balance and performs reconciliations of the accounts as necessary working with Norgren and IMI colleagues and departments.
    3. Identifies and evaluates payment barriers and collaborates with internal departments and customer representatives to resolve disputes.
    4. Identifies and recommends customer accounts for review of terms, credit limits, shipment hold, outside collections, and/or bad debt to the Director, Credit and Collections.
    5. Ensures all account documentation is completed in an accurate and timely manner and is fully compliant with legal and accounting standards.
    6. Conducts periodic reporting on assigned portfolio of accounts and past due activity ensuring management is apprised of potential risks.
    7. Ensures all collection activities are conducted within applicable legal guidelines.
    8. Ensures all activities meet departmental quality standards as well as professional audit, credit, and collections standards
    9. Assists management in making sound business decisions by ensuring that customer data and reporting are accurate, complete, and delivered in a timely manner.
    10. Review new account set-up requests and recommend terms and credit limits.
    11. Review and approve Billing Adjustments
    12. Ensures the efficient operation of the credit and collection function within IMI Precision Engineering by performing duties accurately and on a timely basis.
    13. Performs training responsibilities as assigned by management.
    14. Participates in special projects as assigned by management.
    15. Other duties as assigned.


    Education and Experience

    1. Minimum of an Associate’s Degree in Finance, Accounting or related field.
    2. Eight (8) to ten (10) years high volume commercial collections experience, and/or an equivalent combination of education and experience.
    3. Demonstrated ability to make sound credit decisions based on analysis of customer activity against industry and collection standards.
    4. Exceptional written and oral communication skills including customer relations and negotiations.


    Computers and Technology

    1. Proficient skills with MS Office Suite (Word and Outlook) and ERP Accounting systems


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