Ferguson Enterprises - Chantilly, VA
posted about 2 months ago
Full-time - Mid Level
Chantilly, VA
10,001+ employees
Merchant Wholesalers, Durable Goods
About the position
The Assistant Market Credit Manager at Ferguson is responsible for managing credit risk and accounts receivable processes to support the financial health of the organization. This role involves evaluating credit applications, conducting investigations, and maintaining customer relationships to ensure timely payments and reduce outstanding balances. The position plays a crucial role in contributing to the bottom line of a multi-billion-dollar company by improving collection percentages and managing credit functions effectively.
Responsibilities
- Review obtained credit information, evaluate credit risk, and approve or decline credit accounts in a timely manner.
- Conduct or supervise credit investigations on existing and potential customers to extend or raise credit limits and monitor exposure.
- Contact credit customers regarding their balance due to ensure prompt payments and regular follow-up.
- Build relationships with customers and sales teams through routine communication and visitation.
- Focus on improving customer payment schedules and increasing collection percentages while reducing Days Sales Outstanding (DSO).
- Understand and maintain lien and bond rights through the creation and monitoring of customer job accounts.
- Manage the evaluation of credit and accounts receivable functions of potential acquisitions/divestitures.
- Execute reviews of the customer deduction process to ensure timely and accurate resolution.
- Keep management informed concerning the status of customers and receivables.
- Adhere to Company compliance and Health Safety and Environment (HSE) policies.
Requirements
- 3 years of Credit Management Experience preferred.
- 3 years of experience in Credit, Collections, and/or Accounts Receivables in the industry.
- Strong communication skills and self-confidence.
- Ability to react swiftly to new information and handle conflict professionally.
- Good judgment, problem-solving skills, and ability to see the big picture.
- Ability to handle stress, manage time and people, and analyze numbers.
- Skilled in problem-solving.
- Proficiency in Microsoft Office (Word, Excel, Outlook, OneNote) preferred.
- Knowledge of credit fundamentals such as financial statement analysis and contract/bankruptcy law.
Benefits
- Health insurance
- Dental insurance
- Vision insurance
- Paid time off
- Life insurance
- 401(k) with company match
- Mental health coverage
- Gender affirming and family building benefits
- Paid parental leave
- Associate discounts
- Community involvement opportunities
