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TTI, Inc. · 3 weeks ago

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

Fort Worth, TX

Full-time

Onsite

Director/Executive

15+ years exp

TTI, Inc. is the world’s leading authorized distributor of passive, connector, electromechanical and discrete components. The Director of Credit and Collections is responsible for establishing accounts receivable, credit, and collection policies while managing operations to enhance sales and protect the company’s investment in accounts receivable. This role involves overseeing a team, improving processes, and providing strategic direction to ensure effective credit management and collections.

ElectronicsManufacturingService IndustryWarehousing

No H1B

U.S. Citizen Only

Responsibilities

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 Supervisor to analyze cash application exceptions and develop sustainable solutions that will minimize unapplied balances and increase overall team efficiency

Provides management with condition of account receivables portfolio by producing monthly KPI report which includes information pertaining to percent of AR past due, percent AR over 90 days, Terms to sales analysis, along with Cash Convergence Cycle and DSO performance

In collaboration with Controller and VP Controller, on a monthly basis determines Domestic and International bad debt expense by applying the Bad Debt Allowance policy to recommended allowance provided by the US Regional and International Credit Manager/Director

Improves global credit and collection capabilities by recommending process and technology enhancements, and creative credit options via ongoing consultations with US Regional and International Credit Managers/Directors and publication of a TTI credit related newsletter

Educates field personnel regarding credit and collection policy by participating in MAP/SAP training sessions and by assisting with training regional and international credit personnel as needed

Functions as TTI’s Administrator for the department’s Cash Application system and Credit and Collections system. Assists with writing and maintaining the related user guides providing user training, overseeing, and signing off on the implementation of enhancements, monitoring the User accounts, working with the various system third party support teams. Updates the S.O.C. 1 reporting as it pertains to the department’s third-party system providers

Assists with special projects and/or issues by providing support and expertise as needed (e.g., NCR, Purchase Orders, etc.)

Qualification

CreditCollections managementFinancial analysisCertified Credit ExecutiveSailfinOracleUniform Commercial CodeCustomer service orientationFinancial software proficiencyMicrosoft OfficeNegotiation skillsAttention to detailOrganizational skillsVerbal communicationWritten communicationInterpersonal skills

Required

High School Diploma or GED required

Bachelor's Degree in a related field plus fifteen years related experience; or equivalent combination of education or experience

Previous supervisory/management experience required

Strong analytical (including financial analysis) and problem-solving skills

Excellent negotiation skills

Ability to read, analyze and interpret business periodicals, professional journals, contracts, and governmental regulations

Strong attention to detail and organizational skills

Excellent verbal and written communication skills

Strong interpersonal skills and customer service orientation

Proficient with financial related software packages

Preferred

Experience in distribution environment desirable

Certified Credit Executive (CCE) or other related certification desirable

Possess experience using Sailfin and Oracle

Possess knowledge of the Uniform Commercial Code

Knowledge of Microsoft Office applications (Excel, Word, Outlook, and Explorer) at an intermediate level preferred

Benefits

Medical/ Dental/ Vision

401(k)/Roth plan with matching

Healthcare Savings Accounts

Educational Assistance (Tuition Reimbursement)

Ongoing training throughout your employment with opportunities to participate in professional and personal development programs

A strong focus on giving back to our communities through philanthropic opportunities

Company

TTI, Inc.

Headquartered in Fort Worth, Texas, TTI, Inc., a Berkshire Hathaway company, is a specialty distributor of passive, interconnect and discrete components.

Founded in 1971

Fort Worth, Texas, USA

1001-5000 employees