Credit Manager

Career Opportunities with Interstate Companies Inc

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Careers At Interstate Companies Inc

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Company: Interstate Companies Inc.
Location: Eagan, MN
Base Salary: $150K-$160K annually, eligible for bonuses

Lead Credit Strategy. Drive Financial Performance. Build Strong Teams.

Interstate Companies is seeking an experienced and strategic Credit Manager to lead our Credit, Collections, and Accounts Receivable functions from our Corporate Headquarters in Eagan, Minnesota.

Reporting directly to the Executive Vice President of Finance, this high-impact leadership role is responsible for managing credit risk, optimizing collections performance, overseeing accounts receivable operations, and developing a high-performing team. The Credit Manager serves as a key business partner to Finance, Sales, Operations, and Branch Leadership across our multi-state organization.

If you are a finance leader who excels at balancing risk management with customer relationships, enjoys driving process improvement, and is passionate about developing people, we'd like to hear from you.

• Establish and administer company credit policies, approval authorities, and risk tolerances.
• Evaluate customer creditworthiness using financial statement analysis, credit reports, and payment histories.
• Approve credit limits and continuously monitor customer exposure and financial risk.
• Resolve complex credit decisions, escalated customer issues, and account disputes.

• Lead company-wide collections strategies to reduce delinquency, minimize bad debt, and improve cash flow.
• Oversee Accounts Receivable operations, including cash application, reconciliations, and account maintenance.
• Manage the allowance for doubtful accounts and bad debt reserve analysis.
• Review, recommend, and approve account write-offs within delegated authority.
• Coordinate collection escalations, including third-party agencies, lien and bond claims, and outside legal counsel.
• Lead, coach, and develop the Credit & Collections and Accounts Receivable teams.
• Establish clear goals, expectations, and performance standards.
• Recruit, hire, train, and retain top talent.
• Conduct performance evaluations and support employee growth and development.

• Partner closely with Sales, Operations, and Branch Leadership to support profitable growth while maintaining sound credit practices.
• Administer and optimize the company's credit and collections technology platform, Esker.
• Monitor and report on key metrics including:
  • Days Sales Outstanding (DSO)
  • Days Beyond Terms (DBT)
  • Aging performance
  • Collection effectiveness
  • Credit exposure
  • Bad debt performance
• Lead process improvement and finance transformation initiatives that improve efficiency, visibility, and financial results.

• Exceptional verbal and written communication skills.
• Strong leadership, coaching, and team development abilities.
• Advanced analytical and problem-solving capabilities.
• Excellent organizational and time-management skills.
• Ability to prioritize competing responsibilities and delegate effectively.
• Experience with ERP systems, order-to-cash processes, and credit and collections technologies.
• Strong proficiency with Microsoft Office applications.

• Bachelor’s degree in accounting, Finance, or a related field.
• 10+ years of progressive experience in credit, collections, accounts receivable, or related finance functions.
• 5+ years of leadership experience managing and developing teams.
• Experience overseeing credit risk for a large accounts receivable portfolio…