Job Information
Do it Best Corp. Credit Supervisor in Fort Wayne, Indiana
Credit Supervisor Level: Salaried Division / Department: Finance Reports to: Treasurer Travel: Occasional (Member stores, Markets, & Conferences) About the role: The Credit Supervisor is responsible for managing all activities related to credit management and accounts receivable collection for all domestic and international accounts. This individual will be responsible for researching and performing due diligence for new members, and member projects requiring capital in the form of preference shares and loans, and present to the committee to make final approval. Also, this position will review for credit worthiness member projects related to Retail Performance and Merchandising Essential programs. Responsibilities:
Lead and direct credit staff to effectively manage and control domestic and international past due accounts to minimize bad debt expense
Develop, implement, and regularly review credit policies and procedures to ensure best practices are in place and provide ongoing support and training to Credit Staff.
Assist and support staff in coordinating with Sales and Business Development with financial review and questions related to prospects, members, and related projects
Review and provide credit decision for project requests related to Retail Programs, (i.e. Retail Plus, Retail Start, Design, etc.)
Assist and manage activities with corporate counsel and outside counsel related to accounts that have been referred for legal action
Determine accounts to be written off as bad debt at the end of each fiscal year
Monitor and document bad debt recoveries each fiscal year
Calculate adjustments to the Bad Debt Reserve Account at the end of each fiscal year
Responsible for all underwriting activity related to our various loan programs, including loans funded in house or facilitated through our commercial lending partner
Ensure credit policies are up to date and consistently practiced
Education and Experience: Minimum
Bachelor's degree in business, finance or accounting or equivalent experience in trade credit management or commercial lending (minimum 7 years).
Experience should include managing portfolios of $100mm plus
Minimum 5 years prior trade credit management or commercial lending
Proficient in Microsoft Office and/or Google Suite
Desired
Preferably minimum 5 years prior credit management experience in Hardware, Lumber, and/or Building Materials industry
Proficient in Moody’s Risk Analyst
Experience with Dun and Bradstreet
Skills and Abilities:
Strong leadership and management skills
Excellent written and verbal communication skills
Effective negotiator
Ability to work well with members, vendors and others within the company at all levels
Strong financial analysis and underwriting skills
Sound and effective decision maker
Strong commitment to excellent customer service and adherence to Do it Best Corp. philosophy of “serving others as we would like to be served”
Ability to work comfortably with owners/executives of small and large companies alike
Fundamental understanding of collection & ban
Benefits available to you:
Full insurance benefits package including Medical, Dental, & Vision
Paid time off to foster work/life balance
Profit sharing
Bonus Pay opportunities
Retirement funding opportunities
Education reimbursement
Health club reimbursement
Career advancement opportunities
About Do it Best: We’re the only US-based, member-owned hardware, lumber, and building materials co-op in the home improvement industry. We proudly serve thousands of locations in over 50 countries, offering exceptional merchandise and services driving us to nearly $5 billion in annual sales. Our goal is to help our members grow and achieve their dreams.
Culture:
Each team member is valued as an individual - with their intrinsic value at the forefront. We prioritize your career growth through one-on-one training, conferences, tuition assistance, mentoring and more. We encourage authentic relationships by hosting social events and fostering a culture where lasting friendships are made. In fact, the three most valued aspects of being a part of the Do it Best team are the culture, the compensation, and the level of fulfillment that each team member experiences from their role. Our Philosophy: Serving others as we would like to be served Our Mission: Making the best even better Our Goal: Helping members grow and achieve their dreams