About the Role
The Credit Specialist will assist with all aspects of the credit approval process for new and existing customers following established policies, practices, and procedures in a manner that will result in maximum sales, sound receivables, and the prompt conversion of receivables into cash with a minimum of past due accounts.
The Credit Specialist should have strong analytical skills and decision-making capabilities. This individual will work continuously to reduce aging receivables for assigned portfolio of accounts and inform all impacted parties of the status of collection efforts throughout the process. The Credit Specialist reports to the Credit Manager, and interacts extensively with customers, sales, customer service, accounting, and logistics personnel.
Although this role is remote, candidates must be able to work Pacific hours.
Responsibilities
Daily management of assigned portfolio of accounts:
- Manage order activity, disputes and collections for account portfolio assignments.
- Perform collection and reconciliation work on assigned portfolio’s receivables and document all customer interactions in SAP.
- Complete invoice billing through portals on an as-needed basis.
- Support internal customer requests through a ticketing system.
- Manage pre-payments and release orders as payments are received.
New account and existing account credit line reviews:
- Perform individually, or collaborate with Credit Manager in various areas, including review of credit applications, ensure completeness, request additional information if required.
- Analyze standard business and personal credit reports, request banking and vendor references, review financial statements and all other applicable credit sources to determine creditworthiness.
- Prepare, analyze and recommendations for increases and decreases of credit lines exceeding authority levels to senior management.
- Submit recommended credit limit requests to management and communicate results in a timely manner to necessary parties, following ECOA standards.
- Negotiate down payments and non-standard credit terms as necessary, while preserving the customer relationship.
Order approvals and collections:
- Manage order hold queue throughout day, ensuring timely approval of new orders.
- Interface with stakeholders on status of aged orders on hold
- Monitor all assigned accounts, contact customers with past due accounts in a bi-weekly manner, interface with stakeholders consistently on status of delayed installations, missing documentation, and stagnant orders.
- Work closely with the Credit Management and Sales Department on any accounts which do not pay timely, making every effort to minimize bad debt write offs. Utilize appropriate measures (held orders, escalating verbal and written communications, outside collection agencies, legal counsel, etc.), when needed.
- During communications with customers, strive to increase customer understanding of Precor policies (payment terms, returns, credit, warranty, freight, etc.)
Miscellaneous
- Assist Credit Manager with system improvements, including implementation of new automation solutions.
- Continually evaluate current processes with key stakeholders and make recommendations for improvement to senior management.
- Investigate and resolve customer issues, including reconciliation of payment disputes, chargebacks, discounts, credit adjustments, write-offs, and refunds and follow up with customers on resolution.
- Assist Sales and Customer Service personnel in the problem resolution process as it relates to credit, collections and disputes through a ticketing system.
- Maintain database of customer credit histories.
Qualifications
- 3+ years of commercial credit, collections and accounts receivable experience in a manufacturing or sales environment, with an emphasis on account management and collections.
- NACM credit certification preferred; CBA, CBF, CCE
- Technical agility: system process improvement, always looking for a better way.
- Intermediate to advanced Excel skills
- SAP experience preferred.
Pay Range: $27.00 - $31.00 Hourly
The pay range represents the low and high end of the anticipated pay range for this position based at our Woodinville, WA headquarters. The actual pay offered for this position will depend on numerous factors including individual performance, business objectives, and if the location for the job changes. Our pay is just one component of Precor’s total rewards strategy that also includes region-specific health and welfare benefits.
As an organization, one of our top priorities is to maintain the health and well-being of our employees and their families. To achieve this goal, we offer robust and comprehensive benefits including:
- Medical, dental and vision insurance
- Generous paid time off policy
- Short-term and long-term disability
- Access to Employee Assistance Program; including access to mental health services
- 401(k) including employer match
- Pet insurance and so much more!
About Precor
Precor is known for developing and manufacturing the most innovative and reliable commercial fitness equipment on the market. With over 40 years of empowering exercisers, trainers, business owners, and operators alike we take pride in offering world-class fitness solutions across over 13,000 facilities and 100+ countries. We sweat every detail to bring best-in-class product solutions into commercial facilities, meeting exercisers wherever they are: at work, at school, in the gym, or on the road.
Precor is an equal opportunity employer and committed to creating an inclusive environment for all our applicants. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. If you would like to request an accommodation regarding the application/interview process or are having difficulty using our website for application purposes, please contact: HR@precor.com