shift:1st Shift

Position Summary:

Develops and recommends policies and procedures that govern the credit, payment options and collection activities of the TH Foods corporation and its subsidiaries. Responsible for proactively identifying aging receivables and initiating and conducting all collection activities for accounts within defined corporate guidelines. Develop and lead process improvement plans on ways to improve days outstanding, while striving toward established goals. Assists Finance and Sales Management on trouble shooting collection and AR issues as required. Assists with the development, implementation and maintenance of effective credit analysis and credit risk functions. Provides timely an accurate credit analysis to finance and sales management so that prompt action can be taken when problems arise. Supports the deduction clearing process to maintain target days.

Essential Duties and Requirements include the following. Other duties may be assigned.

• Directs the planning, strategic goals and objectives of the corporate credit and collections function for TH Foods Inc, and all of its subsidiaries.
• Provide expertise and enforcement to management concerning the corporation’s credit and collections policies.
• Evaluate credit worthiness of new and existing customers using outside credit reporting databases and provide updates to management. Review and interpret customer financial data to assess risk.
• Support sales in establishing credit limits as per company policies and monitor for compliance.
• Maintain communications with customers concerning TH Foods terms and conditions of payment and initiate collection action when past due accounts exceed 30 days.
• Review order hold release reports, including reaching out to brokers, customer service, and/or directly to the customer if an order is on hold due to past due invoices or over customer is over their credit limit.
• Prepare and review aging reports with sales team to discuss past due balances
• Prepare, review and recommend monthly accounts receivable reserve balances
• Regularly review and reporting on customer deductions
• Keep abreast of mergers, acquisitions, company name changes and economic trends to assess their affect on the credit worthiness and payment terms of our customers.
• Establish Days Outstanding measurement goal and set up procedures and reports to monitor progress towards obtaining goal.
• Communicate customer credit and accounts receivable issues internally.
• Review aged trial balance reports weekly and communicate any unfavorable trends to Finance and Sales Management.
• Coordinate and prepare monthly collection performance reports as required by analyzing accounts receivable aging and collections information.
• Coordinate and prepare monthly collection forecast by identifying known and potential collection problems.
• Initiates or approves changes to customer credit limits consistent with corporate policies.
• Approve adjustments, write offs and discounts.
• Responsible for monthly promotional expense recording and reporting with support for analysis and improvement of processes.
• Support sales in the maintenance and use of Adesso Trade Spend reporting system.
• Monitor payer compliance to fee schedule, discounts and accepted payment practices.
• Initiate a system of research and a plan of action to aggressively respond to charge backs, late charges and other billing and payment discrepancies before they are aged and irreconcilable.
• Support external legal team in defending the company in all bankruptcies and legal proceedings.
• Direct all third party and direct collection activities.
• Responsible for organization’s sales tax reporting, including collection, review and electronic storage of customer exception certificates (via Avalara).
• Responsible for maintenance of company’s resale certificates (via Avalara).
• Provide insight, recommend and support implementation on payment options from our customers.
• Responsible for promoting food safety and employee safety throughout the organization.

Supervisory Responsibilities

This position will be responsible for supervising one Accounting Supervisor.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

Required: Bachelors Degree in Accounting, Finance or Business Administration with accounting emphasis is required. MBA a plus. Must have 5 plus years of experience, this should include responsibility for accounts receivable and the credit function. Preferred: Bachelors Degree in Accounting, Finance or Business Administration with accounting emphasis. Requires knowledge of computers and spreadsheet software.

Language Skills

This position requires the ability to read, write and speak English in order to: read requests for proposals; contracts, correspond and communicate with current and prospective customers, employees, auditors and make presentations when required.

Mathematical Skills

Mental ability is required to complete business required math and formulas. Good analytical skills a must.

Reasoning Ability

Dealing with internal and external customers, employees and others in the accomplishment of the goals of the company.

Travel

Limited travel to customers or other company locations may be required.

Physical Ability

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel. The employee is occasionally required to stand, walk, and reach with hands and arms.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.