Credit & Collections Manager

Olin Corporation Houston , TX 77020

Posted 2 months ago

Olin Chlor Alkali Products and Vinyls, a division of Olin Corporation, is seeking a Credit & Collections Manager. This position will be located at Olin's Houston office. The role will support the Credit and Collections processes including credit reviews, credit limits, and accounts receivable portfolio in compliance with policy, procedures and controls.

Olin Corporation is a leading vertically-integrated global manufacturer of chemical products and a leading U.S. manufacturer of ammunition. Olin is the world's leading producer of chlor alkali products and vinyls, the number one supplier of epoxy materials, the number one global seller of membrane caustic soda and chlorinated organics and the number one North American seller of chlorine, bleach and hydrochloric acid. Winchester's principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components and industrial cartridges.

Essential Functions:

  • Manage activities of direct reports to include delegation of tasks to team, creating a balanced workload. This will include proactively adjusting activities as required to include non-routine task and projects that arise in day to day business. Assess team strengths and weaknesses, implementing mentoring and development programs as required for each individual team member. Insure all activities have back-up coverage during team member absence.

  • Review and prepare risk analysis for establishment of credit for all new customers. Perform due diligence in compliance with credit and collection policy and procedures.

  • Manage and document routine credit review of existing customers in compliance with the credit and collections policy and procedures. Initiate action items required as a result of the updated credit risk analysis.

  • Recommend and establish credit limits based on credit analysis. Document and present recommendations to managers with delegation of authority.

Monitor accounts receivable portfolio consistently for events that may negatively impact risk. React and recommend immediate action, where required, to minimize risk. Engage business leaders in decision making, if required.

  • Daily monitoring of customer order blocks to determine reason for block and proactively address issue (past due items, credit limit exceeded, master data issue, etc), including communication with the customer service/sales order processing teams.

  • Make recommendations for customers to be considered for quarterly global bad debt reserves, including recommendation for probability of default. Maintain documentation to support rationale for recommendations and changes to recommendations.

  • Manage Asset Based Lending Programs, Securitization and Factoring, including reporting requirements for internal treasury and participating banks for each program.

  • Manage periodic bank audits if/as necessary. If issues are identified, manage the process for corrective actions.

  • Review new and amended customer contracts to verify payment terms and contract language for risk mitigation. Make recommendations for changes and communicate with commercial on non-standard payment terms.

  • Interact daily with the commercial team by providing guidance in relation to high risk customers, options for settling customer disputes, address customers who pay outside agreed payment terms, advise and discuss customer payment plans as required.

  • Monitor Bankruptcy Claims and work with legal for final recovery of funds. Leverage 3rd party information and systems. Consult with internal legal to maximize recovery.

  • Actively participate in and manage audit requirements for both internal and external audits.

  • Supervise team monitoring and following up on delinquent accounts as well as execution of necessary account reconciliations and/or approved adjustments timely.

  • Maintain SOX internal control documentations and related assessments, making changes and recommendations for change as necessary.

  • Develop, maintain, and manage team performance against metrics such as DSO, support monthly analysis of fluctuations in metrics, portfolio aging, and accounts receivable balances.

  • Other: non-routine financial analysis; support and/or manage special projects for improvements to area of responsibility; special non-routine assignments; manage administrative items related to managing direct reports (time approval, performance reviews, etc).

Position Requirements:

  • Bachelor's degree required; Accounting, Finance, or related degree strongly preferred.

  • Additional Credit-related certifications preferred (i.e. Certified Credit Professional or other credit certification).

  • Proficiency in SAP Credit and Collection modules is required.

  • Minimum 8 years of related experience required; including management experience in a large public and global company with a track record of steadily increasing responsibility, accountability and leadership.

  • Requires demonstrated ability to coach and develop people and delegate.

  • Knowledge of laws and regulations concerning credit and collection issues, such as UCC filings, legal credit applications, and enforceable guarantees of payment is required.

  • Experience with managing internal controls (SOX and SOC) and compliance with those controls is strongly preferred.

  • Requires a proven comprehensive knowledge of financial statements and financial statement analysis in order to accurately define customer's risk and financial position.

  • Demonstrated knowledgeable in the use of third party credit agencies and using the published information for credit risk assessments is required.

  • Must have proven ability to build strong relationships with global peers and senior leadership.

  • Solid knowledge and demonstrated ability on the application of US GAAP is preferred.

  • Demonstrated clear and effective written and verbal communication skills are required.

  • Proven proficiency with Microsoft Office Products is required (i.e. Excel, Word, PowerPoint, Outlook).

  • Strong analytical and problem-solving skills and attention to detail is required for this role.

  • Must have demonstrated continuous process improvement mindset.

  • Degree must be from a school that is accredited by an accrediting agency recognized by the Secretary of Education of the U.S. Department of Education.

  • Olin does not provide any form of sponsorship to applicants not authorized to work in the US.

Olin is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.

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Credit & Collections Manager

Olin Corporation