Director of Credit

Job Locations US-CO-Denver
Posted Date 1 month ago(11/8/2022 5:44 PM)
Job ID
2022-3743
# of Openings
1
Category
Finance

Overview

Lead counterparty credit risk and collections for a company focused on commodities merchandising in both domestic and foreign markets. Develop credit and collections strategies, proactively assess, measure and manage credit risk and collections, and foster the growth and development of a team of credit and collections professionals, while working with the Commercial team to meet the organization’s financial goals.

 

This position will work out of the Company's Denver, CO headquarters or Kansas City, MO office.

Responsibilities

Strategy and Leadership

  • Develop and lead the strategic planning for enterprise credit in alignment with the risk tolerance of the company. Lead the monthly Credit Committee which includes executives and management.
  • Hire, develop and retain credit employees and credit opportunities for individuals to expand their expertise in other areas of the company. Create succession planning. Champion change and transformation and employee development. Provide timely coaching and feedback.

Credit Management

  • Ensure that the Credit Policy aligns with the risk tolerance of Viserion. Ensure efficient and effective credit procedures are established to protect the Viserion balance sheet against credit related losses while supporting the growth initiatives of the business. Partner with Accounting to ensure proper reporting. Develop and maintain key partnerships with Treasury, Position Risk Management, and Legal. Partner with the Commercial team on their responsibilities around collections and accounts receivable. Provide credit expertise across corporate and business functions.
  • Develop, monitor and communicate credit key performance indicators ideally with automated reporting. Develop a credit “scorecard” to measure and monitor performance for various levels of leadership.
  • Positively impact the company’s cash conversion cycle through improvements in accounts receivable.

Business Partnering

  • Work closely with Business and Finance leaders to ensure that sound credit management practices are understood, established and tracked. Effectively communicate and report current and future risk to senior leadership. Engage and influence business leadership on credit matters. Lead credit meetings and presentations.
  • Develop a deep understanding of the industry, creditors, payment terms, etc. to appropriately assess risk and return. Foster independent, high-quality credit analysis and diligence with a focus on business rationale, key risks, sources of repayment and profitability to support credit recommendations. Timely and accurate reporting on aging, high risk accounts, etc. is required.
  • Provide stakeholders with clear credit advice and decisions on customer creditworthiness

Finance & Economic Expertise

  • Stay informed on macroeconomic events that affect Viserion businesses and customers. Examples include changes in agriculture and energy prices, inflation, political and country risks, weather, etc. Proactively identify changes in economic data impacting credit and present information to senior leaders in a clear and concise manner. Model scenarios for financial planning and budgeting.

Technology and Automation

  • Significantly reduce manual processes and leverage technology to create efficiencies. Streamline and automate processes across the credit department. Cultivate a “lean” mindset among team members and proactively identify solutions and reporting to better serve the internal customers.

Qualifications

  • Bachelor’s Degree in Finance, Business, Accounting or equivalent
  • 7+ years of related experience in Credit and/or Risk Management with 3+ years of direct managerial experience of a credit team
  • Experience in the commodity merchandising space is preferred
  • Certification in Credit Management (NACM, other)

Skills

  • Advanced skills in Excel
  • Strong interpersonal skills to drive projects with a diverse group of internal stakeholders
  • Ability to implement, train others, and manage systems
  • Accuracy and keen attention to detail
  • Flexibility to adapt / adjust to changing circumstances
  • Analytical skills and ability to work with sensitive financial data
  • Strong ethical behavior and the ability to work with sensitive financial information

Physical Requirments

  • Frequently required to: sit for prolonged periods of time, reach for/manipulate standard office equipment, communicate with various staff and/or reach for and manipulate objects
  • Occasionally lifts 20-pounds.

Environment

  • Indoor office setting
  • May occasionally be exposed to dusty and noisy conditions at manufacturing locations

 

The salary range for this position is $125,000 to $175,000 with additonal earning potential.  The Company offers insurance coverage that includes medical, dental, vision as well as 401(k) with employer match.

Options

Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
Share on your newsfeed

Need help finding the right job?

We can recommend jobs specifically for you! Click here to get started.