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Collections Manager at Ametek, Inc.

Posted in Finance 30+ days ago.

This job brought to you by eQuest

Type: Full-Time
Location: Columbus, Ohio

Job Description:

Job ID: 14607

Position Description:
AMETEK Solidstate Controls (SCI) is in the business of providing continuity of electrical power to keep businesses in business. SCI currently has more than 45,000 systems installed throughout the world, including more than 100 in Nuclear Power plants worldwide. Our products have extensive applications in the following market segments: petroleum, LNG, power – fossil & nuclear, specialty chemicals, mining/metals, waste water, pulp & paper, food & beverage and others requiring continuous power for mission critical applications.

This position is located in the Columbus, Ohio office.

Position Summary:
We are in search of a Collections Manager for our Columbus, Ohio facility. Leads the overall credit function. Implements processes to improve cash flow and reduce receivables. Develops policies regarding the investigation of customers, extension of credit lines and collections. Oversees the negotiation and course of action taken for overdue accounts. Ensures that project/department milestones/goals are met and adhering to approved budgets. The position will work with the organization at all levels to gather information, produce various reports and ensure compliance with all corporate financial reporting requirements. This position is targeted for development within our organization and the ideal candidate will keep climbing the financial ladder with the finance department.

The Collections Manager must possess outstanding analytical skills, strong communication skills (both verbal and written), proven problem-solving capability, good understanding of GAAP with Sarbanes-Oxley and strong computer skills including MS Office products. Oracle experience is a plus.

Must possess a desire to advance your career into higher business management positions. Strong desire to take initiative on projects, able to work independently in a fast-paced environment and manage several projects simultaneously. Efficient work flow processing with attention to detail. Strong customer relations skills.

Essential Functions/Responsibilities:
• Oversee collections team across 5 business units
• Interface with the sales, service, operations to handle billing inquiries and issues
• Interact with internal and external customers to gather additional information and payments
• Maintain customer relationships that are detailed within our customer contractual agreements
• Revenue recognition reporting and manage any data issues that arise
• Manage administration of customer account maintenance
• Strive for continuous improvement in the management of the team, systems, and all associated processes
• Monitor overdue payments and establish communications with customers to collect outstanding balances and resolve any issues prevent customer payments
• Monitor new processes and workflows to ensure they work as intended and institute new policy where necessary
• Manage intricate processes with complex billing/collections to ensure timely payments from customers
• Responsible for Working Capital meeting monthly, quarterly and annual budgets and goals; Forecasting of cash collections using collections data
• Directs the collection efforts of the region to ensure adherence to company protocols and ensure collection goals are exceeded. Includes promoting prompt payment of outstanding invoices and other matters that will maximize cash flow
• Strategically reviews collection reports and key metrics with an emphasis on trend analysis to uncover strengths and weaknesses of collection efforts within the region, districts and branches. Includes facilitating continuous improvement of processes and protocols, and engaging regional, district and branch management to drive solutions
• Monitors the performance success of collectors by overseeing the performance management process, holding employees accountable for meeting their goals and disciplining employees as necessary
• Enforces new installation and modernization turnovers policies with collections and field personnel to insure compliance with company policies
• Manage collection employees’ workload, changes in priorities, aging and allowance for bad debt analysis
• Release orders on credit hold in accordance with company policies
• Distribute invoices and coordinate processing of invoices with special requirements (letters of credit, cash against documents, electronic billings, etc.)
• Process AR credit/debit memos
• Make sure that daily cash received from customers is posted
• Communicate with external customers and sales to resolve customer account issues. Collect on outstanding invoices as needed
• Propose account write-offs (bad debt, freight dispute, etc)
• Recommend accounts to third part collections as needed
• Conduct credit analyses on new customers and as required by company policy
• Perform monthly journal entries
• Perform assigned balance sheet account reconciliations
• Process daily credit card transaction
• Balance monthly cash transactions with corporate treasury
• Assist with quarterly internal SOX audits as needed
• Must be willing to work longer than 8 hours if necessary
• Special projects as assigned

Required Knowledge, Skills & Experiences:
• Manage challenging expectations effectively and resolve conflicts efficiently
• Ability to define problems, collect data, establish facts and draw valid conclusions
• Interpret an extensive variety of technical instructions in mathematical or diagram form, and deal with several abstract and concrete variables
• Ability to adapt to constantly changing environments & priorities
• Proficiency in Microsoft Office products
• Basic knowledge of functions related to the research and resolution of claims
• Excellent communication skills; verbal and written as well as excellent phone etiquette
• Ability to organize and interpret data as well as communicating analytic results/recommendations
• Lien laws, stop notices and bond claims experience
• Able to manage multiple tasks simultaneously to completion with sound business judgment
• Ability to utilize data as it relates to collections
• Bachelor’s Degree in Accounting or Finance
• Minimum 10-15 years credit and collections experience, manufacturing environment ideal
• Experience with credit management in a business-to-business environment
• GAAP Accounting experience is a plus
• Knowledge of collection laws
• Knowledge of payment terms other than open terms (CIP, CIA, FOB, etc...)
• Knowledge of Uniform Commercial Code
• ERP system experience, Oracle experience is preferred
• Excellent oral and written communication skills
• Strong analytical skills
• Ability to handle confidential and sensitive information
• Must be a team player with a positive attitude

We are an Equal Opportunity Employer and do not discriminate against
any employee or applicant for employment because of race, color, sex,
age, national origin, religion, sexual orientation, gender identity,
status as a veteran, and basis of disability or any other federal,
state or local protected class.