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Credit and Collections Manager - King Of Prussia Pennsylvania
Company: The Timken Company Location: King Of Prussia, Pennsylvania
Posted On: 04/26/2024
What Timken makes possible begins with you. Those who came before us helped land a man on the moon, create the world's infrastructure, and introduce renewable energy alternatives. Now you can join the Timken team to write your own unique story and help drive what's next. A career at Timken means you can have an immediate impact doing Work That Matters to the world improving the efficiency of today's industrial equipment and preparing for the future of motion on our planet and beyond. New employees can start contributing right away, and there are many opportunities to advance your career at your own pace. Join our global team of 20,000 people in 46 countries, and start helping our customers push the limits of what's possible in their world of motion. Timken's Philadelphia Gear brand has a current opening at their headquarters in King of Prussia, PA for a Credit and Collections Manager. This position is responsible for leading and overseeing the credit and collections function for the reporting entities under the Timken Power Systems reporting group. Essential Responsibilities: - Oversee business account receivable segment collections and credit management/ analysisEstablish and maintain policies and procedures regarding billing, collections, credit cards, inquiries, and check cashingApprove and extend lines of credit to both domestic and international customersWork to reduce account delinquency and improve DSOPerform daily risk management assessmentKeep up to date with industry trends and recommend strategic changes for internal processes and 3rd party productsReview invoicing to make sure consistent with customer PO/contractsAuthorize special payment terms of sale to minimize risk and maximize cash flowParticipate in frequent contact with international and domestic customers, sales, and operations to resolve collection issuesMaintain bank relationships for international transactionsProvide international customers with necessary information to facilitate paymentMaintain compliance with government export regulationsMaintain and reconcile government billings
- Provide functional expertise
- Manage 2 accounts receivable direct reports
- Lead and develop team's communication skills, productivity, and overall accounts receivable knowledge. Key Attributes:
- Anticipates internal customers' needs and delivers services or products to meet customers' requirements
- Understands the complexity of the global business environment
- High level oral and written communication skills
- Accomplishes objectives and delivers planned results; is able to get results when unplanned needs or problems occur
- Proactive leader that is able to guide and coach direct reports
- Ability to analyze/ resolve complex issues
- Strong attention to detail
- Effective and timely communication Basic Qualifications:
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