Location:

Chicago, Illinois, United States

Job ID:

R0058168

Date Posted:

2024-07-31

Company Name:

HITACHI GLOBAL AIR POWER US, LLC

Profession (Job Category):

Finance

Job Schedule: 

Full time

Remote:

No

Job Description:

Summary of the position:

The HIES North America Finance / Credit Manager position is responsible for the entire credit and collections process, from new customer account setup to invoicing/collections to cash applications.

This position can work from HGAP Chicago or Michigan City, Indiana. 

Duties and responsibilities:

• Manage and motivate credit analysts to ensure smooth operations of credit department
  • Cash applications
  • Manual transaction processing
  • Credit hold reviews/releases
  • High risk accounting reporting

• Complete credit analysis for new account setup request
  • Pull D&B reports
  • Analyze customer financial statements
  • Establish credit limit
  • Establish payment terms

• Review and approve/deny requests for increases in credit limits
• Review and approve/deny requests for payment terms exceptions
• Manage customer credit review documentation
• Manage cross-functional department relationships (sales, customer service, warranty, operations)
• Manage collections BPO
  • Weekly meetings to review priority accounts
  • Assist with escalating severely delinquent accounts
  • Personally assist in deep dives and reconciliations as required

• Bad Debt analysis and monthly accrual
• Weekly cash forecast submitted to Hitachi
• Month end A/R reporting
  • Top Past Due by BU/Region
  • Bad debt
  • Unapplied cash

• Responsible for GCC code creation and maintenance
• Maintain and recommend changes to credit and collections policies as required
• Assist with annual internal/external audits as required

Qualifications:

Education:

• Five plus years of credit experience. Bachelor's degree in business or related field

Professional experience:

• Have a thorough knowledge of corporate credit and collections
• Have experience with customer negotiations
• SAP experience is a plus

Key behaviors:

• Works in a fast-paced office environment
• Occasional longer than normal working days may be necessary

Direct reports:

• Credit analyst staff

The successful candidate is responsible for complying with Hitachi Global Air Power US Code of Ethics and related policies. In performing the job, the incumbent shall take all steps necessary to comply with our safety rules and requirements and must actively support the organization's efforts to meet and exceed its goals of creating and maintaining a safe workplace.

This description is to serve as a guide. It is intended to be flexible and will continue to evolve over time with business needs and demands and may be updated periodically and at the Company's discretion.

Hitachi Global Air Power US is an equal opportunity employer and will not discriminate based on race, religion, color, age, gender, sexual orientation, national origin, genetic information, veteran status, physical or mental disability, or other protected categories under applicable law, whether in recruitment, employment, promotion, transfer, compensation, or other conditions of employment.