Western Power Sports (WPS) · 1 day ago
Credit & AR Manager
Boise, ID
Full-time
Onsite
Senior Level
7+ years expWestern Power Sports (WPS) is responsible for the North America Powersports credit function, managing the Credit Department personnel engaged in credit-related duties. The Credit & AR Manager will establish credit policies, lead a team of Credit Analysts, and ensure effective management of accounts receivable to reduce delinquencies and bad debt.
Sports
Hiring Manager
Tonya S.
Responsibilities
Establish and implement credit policy; continuously evaluate the effectiveness of current collection policies and procedures; develop strategies for reducing costs, account receivable delinquencies, and bad debt write-offs
Keep informed of current economic trends in the industry
Develop work strategies and goals focused on process improvement and efficiency. Lead implementation and training of Credit Analysts
Make critical decisions on account receivable maximum exposures for U.S. and International dealers
Evaluate risk. Develop strategies to reduce exposure to write-offs
Compile quarterly bad debt reserve recommendation with support. Make monthly adjustments for material changes
Negotiate with external finance companies to assign new dealers and credit limits
Approve, hold, or deny customer orders and transfers based on the status of the customer’s account
Assign duties to the Credit Analysts and conduct regular performance discussions to support continued achievement of job duties and talent development
Assign responsibility to team members for investigating and verifying financial status of prospective credit customers and prepare documents to substantiate findings; review and recommend rejection or approval of applications
Collect on account receivable portfolio, which includes International, Contract Manufacturing, National Retailer, National accounts, and Dealer accounts
Demonstrate effective leadership by establishing development programs for Credit Analysts
Handle special credit arrangements and deviations from standard terms of payment
Audit delinquent accounts considered to be uncollectible to ensure maximum efforts have been taken before assigning bad debt status to account; refer delinquent accounts to collection agency or attorney for legal action
Coordinate terms for seasonal plans with other internal departments and external finance companies
Maintain positive relationships and open communication with external and internal customers. Initiate proactive touchpoints with customers to build ongoing relationships. Ensure all customer collections decisions are discussed and in partnership with Business Line Leaders and in-line with corporate goals. Keep FP&A & Sales Leaders informed
Review and analyze AR aging reports. Assist Director Financial Shared Services in compiling and analyzing statistical data and key metrics
Initiate and track repossessions of delinquent and/or terminated dealers
Coordinate the securitization of open account dealers
Hire, train and supervise credit and collections staff
Other duties as assigned
Qualification
Required
Bachelor's degree with an emphasis in Finance or Accounting preferred or equivalent combination of education and experience
7+ years' experience directly related to the performance of credit duties
3+ years' experience in a management capacity
Ability to balance technical credit skills and effective leadership
Proficient in Microsoft Office Suite: MS Word, MS Excel
Preferred
MBA a plus
Previous experience with third party wholesale (floor plan) and retail financing preferred
Company
Western Power Sports (WPS)
Western Power Sports is a wholesale company that provides street motorcycle, watercraft, and bicycle parts.
501-1000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase