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Credit and Collections Manager
Job in
Bannockburn, Lake County, Illinois, USA
Listed on 2026-11-02
Listing for:
Buyers Edge Platform
Full Time
position Listed on 2026-11-02
Job specializations:
-
Finance & Banking
Financial Manager, Financial Compliance -
Management
Financial Manager
Job Description & How to Apply Below
The Credit and Collections Manager will lead the credit and collections function for the Fresh Division, managing customer credit risk and driving the timely collection of accounts receivable. This role will develop an in-depth knowledge of the division's customers, AR systems, and processes, and work to reduce past-duebalances and DSO, strengthen credit policies, and drive best practices and efficiencies, while overseeing collection activities and mentoring and developing the team.
- Manage the full creditand collections function for the division, including credit approvals,account monitoring, and collection of past-due receivables.
- Establish and maintaincredit policies, procedures, and approval limits; evaluate new and existing customer credit applications and set appropriate credit limitsand terms.
- Monitor the AR aging anddrive reduction of past-due balances and DSO through proactive,prioritized collection strategies.
- Manage escalated andhigh-risk accounts, including payment plans, credit holds, and coordination with outside collection agencies and legal counsel as needed.
- Partner with Billing,Sales, Customer Service, and Operations to resolve disputes, deductions,and billing discrepancies that delay payment.
- Collaborate with the Resolution and Cash Application teams to ensure timely and accurate cash application and reconciliation of customer accounts.
- Prepare and presentweekly and monthly AR reporting, including aging, DSO, cash collectionforecasts, and team KPIs, to Finance and Division leadership.
- Recommend bad debtreserves and account write-offs and support month-end close activities related to AR.
- Key leader/contributoron system initiatives, working with IT to drive automation and best practices in credit and collections workflows.
- Ensure compliance with internal controls and company policies across all credit and collections activities.
- Coach and mentor thecredit and collections team, setting clear goals and measuring performanceagainst KPIs.
Maintain strong customer relationships and service excellence while protecting the company's financial interests
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