Position:
Senior Credit Manager, Financial Services
Job Description:
The Senior Credit Manager, Financial Services reports to the Director, Financial Services, and leads the credit and collections team that supports one of the largest business units of Arrow Electronics North America (US & Canada). The team manages accounts receivables, extending credit and collecting outstanding AR effectively managing and protecting the integrity of the company's accounts receivable. The ideal candidate will be a team player with strong analytical and problem-solving skills, have a drive for innovation and a focus on operational excellence.
What You'll Be Doing
- Manages Team of 22 (4 managers, 18 staff split about equally between Denver and Guadalajara, Mexico)
- Manages credit, collections, financing arrangements for Arrow's largest business unit (by sales dollar value) and has customers with the largest credit lines in the company
- Monitor and drive team performance to ensure credit line approvals and renewals are completed timely and are fully supported and approved
- Monitor and drive team collection performance (presently averages between 94-96% current)
- Determine strategies to gain customer payments when billing errors and/or customer disputes occur and develop workout plans for financially distressed customers
- Work with the Sales Team to coordinate new customer buying intentions to establish adequate credit lines while mitigating AR risk to the Company
- Communicate with all levels of finance leadership in customer companies to gain financial data to determine credit lines and assess financial risk
- Assess and negotiate customer payment terms
- Communicate and report AR metrics (at quarterly Finance leadership meeting and at other times when required)
- Trained in and knowledge of U.S. bankruptcy laws and how to handle a customer debt should a bankruptcy occur
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What We Are Looking For
- "Minimum" 7 consecutive years Credit Manager experience managing a team of at 'least' 5 members required
- Credit Management with 'commercial' companies required
- Strong communication and negotiation skills required
- Ability to analyze and assess large quantities of financial data and report it in a condensed, concise manner to leadership
- Experience and ability to work effectively with all levels of an organization to solve problems (from staff to piers to senior leaders)
- Experience working in a distribution business a plus
- Oracle systems experience a plus
- Bachelor degree in Accounting, Finance, Economics or Business Administration (or a related field) required
Work Arrangement:
Hybrid: 3 days in office
What's In It for You:
At Arrow, we recognize that financial rewards and great benefits are important aspects of an ideal job. That's why we offer competitive financial compensation, including various compensation plans, and a solid benefits package.
- Medical, Dental, Vision Insurance
- 401k, With Matching Contributions
- Short-Term/Long-Term Disability Insurance
- Health Savings Account (HSA)/Health Reimbursement Account (HRA) Options
- Paid Time Off (including sick, holiday, vacation, etc.)
- Tuition Reimbursement
- Growth Opportunities
- Discounted RTD Passes, with convenient office location off RTD Light Rail (Dry Creek Exit)
- On-site Café with Catering Option for Busy Lifestyles
- 24/7/365 On-site Gym and Lockers, Free for Use to All Employees!
- Bike Racks
- And more!
#LI-KO1
Annual Hiring Range/Hourly Rate:
$116,900.00 - $151,250.00
Actual compensation offer to candidate may vary from posted hiring range based upon geographic location, work experience, education, and/or skill level. The pay ratio between base pay and target incentive (if applicable) will be finalized at offer.
Location:
US-CO-Denver, Colorado (Panorama Arrow Building)
Time Type:
Full time
Job Category:
Accounting/Finance
EEO Statement:
Arrow is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, gender, age, sexual orientation, gender identity, national origin, veteran or disability status. (Arrow EEO/AAP policy)
We anticipate this requisition will be open for a minimum of five days, though it may be open for a longer period of time. We encourage your prompt application.