Director, Credit and Collections; Global Team Lead | Fort Worth, Texas

Description

The Director is accountable for establishing sound and constructive accounts receivable, credit and collection policies and practices, and to administer all credit, collections, and financial support operations of the company in a manner that will increase sales volume, contribute to the profit of the company and enhance customer stability, and provide for the prompt turnover and adequate protection of the company's investment in accounts receivable.

Position provides direction, training, consultation, and support to US AR, US Regional Credit and International Credit Directors/Managers to effectively manage TTI's return on its AR investment, minimize potential bad debt losses while maximizing opportunity to increase sales volume. Position is directly accountable for updating and administering the credit and collections policies and procedures; for monitoring and managing the accounts receivable portfolio;

for providing portfolio performance reporting to management; and for managing the collection effort of outsourced collection agency, litigation and bankruptcy accounts. Establishes and monitors standards of performance for the Regional Credit Managers and AR Supervisor.

Headquartered in Fort Worth, TX, TTI, Inc. is the world's leading authorized distributor of passive, connector, electromechanical and discrete components. Celebrating more than 50 years, this Berkshire Hathaway company is ever-growing and has over 100 locations in North America, Europe, and Asia! Join a winning team in a growing global organization!

This position is accountable for strategically designing, operating, and improving scalable processes, people and technology that ensure the company has disciplined approval of credit, accurate billing of customers and timely collection and application of cash from outstanding accounts. This Director manages the overall operations for credit, billing, collections, and cash application, with a dedicated team of professionals in multiple locations worldwide.

The position will place emphasis on continuous improvement and drive ongoing focus on building an effective and efficient organization that effectively manages the billing, application of customer receipts, and cash flow.

• Develops and manages a productive credit AR and collection organization by hiring qualified people, utilizing effective communication and motivational techniques, providing ongoing performance management, rewarding higher levels of performance and by providing effective training and development.
• Increases recoveries and/or reduces bad debt losses for past due accounts by effectively overseeing the management of work‑out accounts and outsourced collection agency accounts. Makes decision whether to pursue litigation and effectively manages litigation and bankruptcy accounts.
• Provides regional credit with the information needed to effectively follow up on accounts and reduce potential bad debt losses by producing monthly reviews of regional account receivable portfolios (i.e., >$5K, 60 plus report, Presidents Past Due report), and by monitoring portfolios and providing appropriate recommendations to Regional Credit Managers and International credit as needed.
• Manages TTI's credit exposure by approving all credit terms/limits above the Regional and or International Credit Manager/Director authority level and by reviewing and approving all credit terms and limits for MRP and Consignment Accounts.
• Works directly with Regional and International Credit Managers/Directors to monitor and manage high exposure accounts. Proactively monitors the Regional Credit teams ongoing credit and financial analysis reviews of key accounts and provides approval and recommendations based on findings to regional credit and appropriate field management. Informs VP Controller and CFO about potential high credit risk accounts.
• Works directly with US Accounts Receivable team to monitor and ensure timely billing of customers, the application of policy (i.e., PCI) and the timely and accurate application of customer payments. Proactively monitors receipt logs along with the unapplied cash log. Works with AR…