Assistant Credit Manager

Do you want to grow with us? At DXP we are passionate about what we do and driven to be the best solution for our industrial customers. Since 1908 DXP has been dedicated to the highest quality of customer service through our expertise of the products we distribute and the technical services we perform with a sense of individual pride and company spirit. Throughout your career with DXP, we will encourage and empower you to take an active role in identifying and driving your development, so you feel total confidence in your ability to achieve ongoing success. We aspire to be the best solution for the Industrial customers' needs for MROP products and services through our Innovative Pumping Solutions, Metal Working, Supply Chain Services and Service Centers.

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The Assistant Credit Manager will lead and manage a team responsible for performing all credit and collections functions associated with high volume accounts in accordance with the credit department goals and objectives.

Responsibilities of the Assistant Credit Manager include, but are not limited to:

• Monitor performance related to credit and accounts receivable management and apply appropriate measures to ensure timely collections and drive best practices.

• Tracks team performance against metrics such as DSO, provide support analysis of fluctuations in metrics, portfolio aging, and accounts receivable balances.

• Identify collection and order validations needing escalation and proactively address issues (past due items, credit limit exceeded, master data issue, etc), by driving discussions with the customer, operations and/or sales teams.

• Monitor customer credit lines, collections and account balances to ensure compliance of established credit limits, payment terms and minimize credit exposure.

• Intervenes with customer negotiations to maximize collection of severely aged balances and reduction of bad debt exposure.

• Review and recommend bad debt write-off amount to account for AFDA reserve.

• Extend credit to customers within designated limit of authority and approve credit inquiries

• Identify delinquency drivers and facilitates action plans to drive end to end resolution

• Communicates training needs of assigned employees and works with process lead to facilitate training plans.

• Serve as a direct backup to other department credit managers.

Qualifications of the Assistant Credit Manager include, but are not limited to:

• Degree in Accounting/Finance or related degree strongly preferred

• Minimum 3+ years of related experience required; including credit and collection management experience in a large public and/or global company with a track record of steadily increasing responsibility, accountability and leadership.

• Detailed experience with summary, consignment and ERS invoicing with emphasis on supply chain customer payment processes

• 3 - 5 years' experience with electronic billing (ADP, Oildex, EDI)

• Advanced Excel skills (vlookup/pivot tables/power queries)

• Advanced analytical and risk determination skills including high degree of financial statement analysis

• Ability to manage multiple projects with sound business judgement

• Critical thinker with excellent ability to drive root cause analysis

• Advanced knowledge of credit assessment tools (D&B, Get Paid, High Radius, Experian, etc.)

• Excellent verbal and written communication skills across all organizational levels

• Travel to customer or field locations to perform account reviews with credit specialist or sales as required

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Additional Information

Working Conditions: Professional office environment

Training/Certifications: CBA, CICP or CBF preferred but not required

Shift Time/Overtime: Monday-Friday Standard business hours

Travel: <5%
DXP is always looking for individuals who want to join a team of employees who have the desire to achieve remarkable accomplishments together. The culture of the organization is supportive and goal oriented with high expectations, yet it is an environment where the team spirit inspires everyone to do their best. All DXP employees play a vital part in the organization and are treated with respect. By applying to DXP, you will have the opportunity to speak with some of the most respected professionals in the industry.

DXP offers a comprehensive benefits package including: Medical, Dental, Vision, Flexible Spending, 401(k), paid holidays, Life and Disability Insurance, and additional supplemental products. EOE/M/F/D/V