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NewAge Industries, Inc. · 3 weeks ago

Credit & Accounts Receivable Manager

Southampton, PA

Full-time

Onsite

Senior Level

5+ years exp

NewAge Industries, Inc. is seeking a Credit and Accounts Receivable Manager to oversee the company’s accounts receivable function and manage trade credit risk. This role involves strategic credit evaluation, operational oversight of invoicing and cash application, and mentoring junior team members while ensuring compliance and process improvements.

ManufacturingPlastics and Rubber ManufacturingSales

Responsibilities

Evaluate customer creditworthiness through financial analysis, credit reports, and payment history

Determine credit limits and terms for new and existing customers in accordance with company policies and through collaboration with Commercial team

Monitor credit exposure and adjust limits based on risk trends and customer performance

Supervise A/R processes including invoicing, cash application, and account reconciliations

Ensure accurate and timely posting of payments and resolution of discrepancies

Maintain aging schedules and monitor DSO (Days Sales Outstanding) performance

Manage receivables and customers follow up to resolve past-due balances and disputes

Oversee third-party collection agencies for recovery of significantly past-due accounts

Prepare reports on collection status and bad debt exposure for senior management

Lead and develop the A/R team, providing training, coaching, and performance feedback

Foster a culture of accountability and continuous improvement within the team

Collaborate with Sales, Finance, and Operations to resolve customer disputes, improve processes, and balance risk management with business growth

Ensure adherence to company policies, best practices, and performance standards

Ensure adherence to company policies and internal controls

Maintain compliance with audit requirements and all applicable laws and regulations

Prepare and present credit and A/R reports and summaries to management

Recommend and implement process improvements to credit, A/R, and collections procedures to enhance efficiency and minimize risks

Assist in developing and refining credit policies, procedures, and internal controls

Perform additional tasks and responsibilities as assigned

Qualification

Credit EvaluationAccounts Receivable ManagementLeadership ExperienceRisk AnalyticsERP SystemsMicrosoft ExcelAnalytical SkillsProcess ImprovementProblem-Solving SkillsCommunication Skills

Required

Bachelor's degree in Finance, Accounting, Business, or related field

5+ years of experience in credit and accounts receivable management, preferably in a manufacturing or B2B environment

Proven leadership experience managing a team

Strong analytical, problem-solving, and communication skills

Ability to lead process improvements and work cross-functionally

Proficiency in ERP systems and Microsoft Excel

Preferred

Experience with credit scoring models and risk analytics preferred

Company

NewAge Industries, Inc.

In business since 1954, NewAge Industries® is a manufacturer and fabricator of flexible plastic tubing and hose and a supplier of fittings and clamps.

Founded in 1954

Southampton, Pennsylvania, USA

201-500 employees