Leverage your experience as a Credit Manager in a hands-on leadership role with a global industry leader. This position offers the unique opportunity to manage a dedicated team member, establish and implement credit policies, and actively collaborate with the accounting team. You’ll also provide critical support to other departments with their accounting needs, ensuring seamless cross-functional cooperation.
You will enjoy competitive compensation (up to $85k to start + 20% annual bonus target), a great benefits package, and find out what it means to be an employee-owner as part of the ESOP!
Precision Pulley & Idler, a worldwide industry leader in conveying components, is seeking a self-starting Credit Manager to join their team in Pella, IA.
Minimum qualifications:
Bachelor's degree in accounting or finance.
OR
4 - 7 years of accounting or finance experience.
OR
Equivalent combination of education and experience.
Don’t let this opportunity pass you by. Apply now!
Why you should join the PPI team:
Competitive compensation package: Base salary ranging from $75,000 - $85,000/yr, depending on experience. Plus, a yearly bonus target of 20%.
Wealth-building ESOP program! PPI is proud to be an employee-owned company. You will earn shares of the business as you become more tenured and build wealth as an employee-owner of PPI!
Exceptional Benefits package – Including world-class health benefits the 1st of the month after employment begins, dental benefits at no additional cost, 2 weeks of paid vacation available upon hire, 9 paid holidays and 2 floating holidays, paid volunteer time, 401k and more!
Career advancement and Growth: Now is an exciting time to join PPI and add your fingerprint on the company. As PPI continues to grow, there will be many opportunities for upward mobility.
Daytime Monday – Friday schedule.
Stability and Innovation – PPI's culture focuses on innovation and dedication to staying at the forefront of the industry, which has allowed them to experience continued success for nearly 50 years.
Essential duties/responsibilities:
Credit Policy Management
Identify, develop, communicate, and maintain credit policies and procedures to manage risk, enhance collections, and ensure regulatory compliance.
Regularly review and update credit policies and procedures in response to regulatory changes, market conditions, and company goals.
Credit Monitoring and Analysis
Monitor customer balances to ensure adherence to credit limits and company policies.
Review and set individual customer credit limits, maintaining accurate records and supporting files.
Complete, analyze, and approve new credit applications.
Collections and Issue Resolution
Create, communicate, maintain, enforce, and review credit collection procedures.
Develop collection strategies for delinquent and financially distressed customers, coordinating with the Sales Department when necessary.
Address short payment issues and invoicing problems.
Review credit limits and issues with Outside Sales team as needed.
Contact customers regarding outstanding invoices and review accounts receivable daily.
Training and Support
Organize and lead credit training for Sales and Customer Service personnel as required.
Serve as a backup for cash application processes.
Reporting and Reconciliation
Ensure timely completion of month-end close procedures and reporting.
Perform monthly accounts receivable reconciliation, investigating and resolving variances.
Oversee payment of sales commissions and reconcile related balance sheet accounts.
Continuous Improvement
Drive improvements within the credit management function by analyzing processes, identifying inefficiencies, and implementing solutions for optimized credit approval, collections, and risk management.
General Duties
Participate in additional training, ensuring ongoing development for yourself and your team.
Maintain consistent attendance and perform additional assignments as needed in related areas.
About the Company: Precision was founded in 1977 by a group of six individuals who believed that a manufacturing company should support and provide job opportunities for small communities in Iowa and supply quality products to the industrial conveyor pulley market. Today, Precision has over 1,000 employees, 25 facilities in 13 different locations that include manufacturing plants, warehouses, service centers, offices, technology and training center in the US and manufacturing facilities and service centers internationally.
All qualified applicants will receive consideration for employment without regard to the individual's race, color, sex, national origin, religion, age, disability, genetic information, status as a military veteran or any other characteristic protected by applicable law.
