Teva Pharmaceuticals - Davie, FL
posted 4 months ago
The Associate Director position at Anda Inc. is pivotal in managing the administration and monitoring of credit risk exposure while overseeing the performance of the Credit & Collections staff. This role is integral to ensuring the financial health of the organization by managing cash flow and credit levels. The Associate Director will work closely with various departments, including IT and Sales, to align financial strategies with business objectives. Reporting directly to the Director of Accounting, this position will lead a team of approximately 15 exempt and non-exempt employees, providing direction and leadership to enhance the efficiency of credit and collections processes. In this role, the Associate Director will be accountable for the administration of granting credit, determining credit levels, and conducting extensive periodic reviews to monitor credit risk exposure. The position also involves developing, monitoring, and reporting key performance indicators that assist in forecasting bad debt exposure and managing Days Sales Outstanding (DSO). The Associate Director will collaborate with Treasury to manage cash inflow forecasting and assist in implementing strategic initiatives aimed at cost reduction, process improvement, and revenue growth. The Associate Director will also be responsible for maintaining communication with various business units to evaluate potential changes in customers' creditworthiness and credit limits. This includes analyzing key drivers and metrics against historical performance to ensure the efficiency of credit, collections, and cash application processes. The role requires interaction with external customers to resolve billing issues and customer service complaints, often in controversial situations. Setting goals, applying performance standards, and fostering a culture of performance excellence within the team are also critical aspects of this position.