Regional Credit Manager

Position Purpose:

The Regional Credit Manager (RCM) at the Company is tasked with providing strategic oversight and management of accounts receivable operations, guiding a team of Area Credit Managers (ACMs) and District Credit Managers (DCMs) to ensure the effective extension and collection of credit across designated territories. This role involves direct management of a select portfolio of accounts, including the approval or decline of credit and job applications, and determination of credit line adjustments within authorized limits, while adhering to corporate credit policies. Positioned with advanced credit authority, the RCM plays a pivotal role in optimizing credit operations and fostering financial stability within the regional framework.

Key Responsibilities:

• Provide strategic leadership and management to a team of Assistant Credit Managers (ACMs) and District Credit Managers (DCMs), ensuring alignment with the Company's corporate objectives and credit policies.
• Directly oversee a designated portfolio of accounts, employing expert judgment to manage Accounts Receivable (AR) effectively, ensuring optimal cash flow and minimal delinquency rates.
• Utilize delegated credit authority to review and make high-stakes decisions on credit applications and job accounts, balancing risk and opportunity to meet regional financial goals.
• Continuously assess and adjust credit lines within authorized limits, responding promptly to changes in customer creditworthiness and market conditions to safeguard company assets.
• Implement company credit policies related to write-offs and collection placements, ensuring diligent compliance and proactive risk management across all managed territories.
• Collaborate across departments to streamline credit management processes, enhancing operational efficiency and customer satisfaction.
• Maintain a comprehensive understanding of the AR and territories overseen by direct reports, synthesizing insights to inform strategic decisions and drive regional credit excellence.
• Foster a culture of high performance and professional development within the team through effective HR management, mentoring, and resource optimization.

Direct Manager Direct Reports:

• Reports to: The Regional Credit Manager (RCM) reports directly to the Director of Credit within SRS.
• Direct reports: The RCM oversees a team of Area Credit Managers (ACMs) and/or District Credit Managers (DCMs), facilitating the execution of credit management tasks and the implementation of strategic objectives. This role may include responsibility for managing a smaller, dedicated portfolio of accounts, expanding or limiting credit lines within authorized limits, and making determinations on credit applications and job accounts.

Travel Requirements:

The Regional Credit Manager for the Company is required to undertake periodic travel within the designated territories to oversee and manage accounts, with the frequency determined as necessary to fulfill role responsibilities effectively.

Physical Requirements:

The Regional Credit Manager (RCM) position within SRS primarily operates in a standard office environment and requires the physical capacity to perform essential job functions. These may include, but are not limited to, prolonged periods sitting at a desk and working on a computer, which are necessary for managing accounts, approving or declining credit applications, and overseeing the financial responsibilities of the team. The role involves occasional movement throughout the office to collaborate with team members and attend meetings. Regular use of standard office equipment, such as computers, phones, and photocopiers, is expected. The ability to engage in effective communication, both written and verbal, is crucial for managing accounts and HR responsibilities.

SRS is committed to ensuring accessibility and inclusivity in the workplace. Reasonable accommodations may be provided to enable individuals with disabilities to perform the essential functions of the role without undue hardship. This commitment aligns with our dedication to upholding Fortune 50 standards and fostering an equitable work environment.

Working Conditions:

The Regional Credit Manager (RCM) at SRS operates within a dynamic and flexible working environment characterized by a decentralized location framework. This role accommodates a hybrid model, allowing for a combination of office-based and remote work to best support business objectives and maximize efficiencies. The RCM is expected to navigate a fast-paced, deadline-driven atmosphere, necessitating exceptional time management and decision-making skills to ensure timely approval or decline of credit applications and job accounts. Given the comprehensive oversight responsibilities—including managing accounts receivable, credit lines, and a diverse team of ACMs and/or DCMs—the RCM must adeptly balance strategic foresight with hands-on management. This environment demands a high level of autonomy and coordination, with a focus on achieving defined outcomes in alignment with company credit policies and standards.

Minimum Qualifications:

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• Minimum of 7 years of experience in credit management, including experience managing accounts receivable portfolios.
• Proven track record of successfully overseeing teams in a decentralized structure.
• Demonstrated ability in approving or declining credit applications and managing job accounts.
• Experience in making decisions regarding credit line adjustments within assigned authority levels.
• Proficiency in credit management software and tools.
• Advanced knowledge of Microsoft Office Suite, particularly Excel for financial analysis and reporting.
• Strong analytical skills with a focus on risk assessment and credit evaluation.
• Excellent decision-making capabilities, especially in high-stakes financial scenarios.
• Exceptional communication and interpersonal skills, with the ability to manage and develop team performance effectively.
• In-depth understanding of relevant credit policies and regulatory compliance standards.

Preferred Qualifications:

• Advanced Financial Acumen: Demonstrated expertise in financial analysis and risk assessment, with an ability to interpret and synthesize complex financial data to inform credit decisions and optimize accounts receivable management.
• Leadership Experience: Proven track record in leading and developing high-performing credit management teams, with a focus on fostering a culture of accountability, collaboration, and continuous improvement.
• Strategic Decision-Making: Strong strategic thinking and decision-making skills, with a capacity for high-level credit authority execution and an ability to make informed, timely, and impactful credit and risk management decisions.
• Industry-Specific Knowledge: Deep understanding of industry-specific economic trends, market dynamics, and regulatory requirements that influence credit management practices and decision-making processes.
• Process Improvement Expertise: Experience in designing and implementing process improvements within credit management functions to enhance efficiency, accuracy, and service delivery.
• Advanced Communication Skills: Exceptional interpersonal and communication skills, with the ability to engage effectively with stakeholders at all organizational levels and convey complex information with clarity and precision.
• Technological Proficiency: Proficiency in leveraging financial and credit management software and tools to facilitate data-driven decision-making and enhance operational effectiveness.
• Change Management Skills: Demonstrated ability to navigate and lead organizational change initiatives, with emphasis on adapting to evolving business environments and managing transitions effectively.
• Customer Relationship Management: Strong customer relationship management skills, with a focus on balancing risk management with maintaining positive and long-term client relationships.
• Compliance and Risk Management: In-depth knowledge of compliance and regulatory frameworks governing credit management, with the ability to enforce credit policies and ensure adherence to legal and ethical standards.

Minimum Education:

A Bachelor's degree in Finance, Accounting, Business Administration, or a related field is required.

Preferred Education:

A Bachelor's degree in Finance, Accounting, or a related field is required; an MBA or other advanced degree is highly desirable.

Minimum Years Of Work Experience:

Minimum Years of Work A minimum of 7 years of progressive experience in credit management or a related financial field is required, demonstrating a proven track record of leadership and strategic oversight within a complex organizational structure.

Certifications:

None Required.

Preferred:

• Credit Business Associate (CBA) or Credit Business Fellow (CBF)
• Certified Credit Executive (CCE) or equivalent
• Advanced coursework or certification in finance or accounting

Competencies:

Leadership and Team Management: Demonstrated ability to effectively oversee a team of Area Credit Managers (ACMs) and/or District Credit Managers (DCMs), including setting performance expectations, providing guidance, and fostering a high-performance culture.

Analytical Decision-Making: Proficient in evaluating and adjudicating credit applications and job accounts, utilizing financial data analysis to make informed decisions about credit line adjustments and approvals.

Portfolio Management: Skilled in managing a portfolio of accounts, ensuring effective collection and accounts receivable (AR) processes, and maintaining a robust oversight of multiple territories.

Credit Risk Assessment: Adept at implementing credit policies and procedures, with a higher credit authority level to make critical decisions impacting the financial health and risk exposure of the organization.

Communication and Negotiation: Strong communication skills to articulate credit decisions and collaborate with stakeholders, while effectively negotiating terms and conditions with clients to secure favorable outcomes.

Organizational Agility: Capable of managing a decentralized operational model, with a focus on aligning regional activities with broader organizational objectives and standards.

Regulatory Compliance: Knowledgeable in maintaining compliance with internal credit policies and external regulations, ensuring decisions and actions are consistently aligned with established guidelines.

Human Resource Acumen: Experienced in HR responsibilities related to team oversight, including recruitment, development, and performance evaluation, to strengthen team capability and effectiveness.

Not the right job for you? Register your details at the 'Introduce Yourself' link (top right) and we'll be in touch!

‎

As an Equal Employment Opportunity (EEO) employer SRS Distribution Inc., including all its subsidiaries, provides job opportunities to qualified individuals without regard to actual or perceived race, color, creed, religion, national origin, sex, gender, age, disability, gender identity, sexual orientation, citizenship status, uniform service, veteran status, marital status, genetic information, physical or mental disability, or any other characteristic in accordance with applicable federal, state, and local EEO laws. If you are an individual with a disability or a disabled veteran and require a reasonable accommodation in applying for any posted position, please contact Human Resources at US: 855.556.3221, or by email to: [email protected] with the nature of your accommodation request and include the Business name, location and title of the job opening. Please allow one (1) business day for a reply. All employment offers are contingent upon successful completion of a background check and drug screen, as permitted by law.

‎

Competitive weekly/bi-weekly pay, discretionary bonuses, 401(k) with company match, Employee Stock Purchase Plan, paid time off (vacation, sick, volunteer, holidays, birthday, floating), medical/dental/vision, flexible spending accounts, company-paid life and short-term disability, plus optional long-term disability, and additional life insurance.

‎