Global Director, Credit & Accounts Receivable

Regal Beloit - Torrance, CA

Full-time - Senior

Torrance, CA

10,001+ employees

Electrical Equipment, Appliance, and Component Manufacturing

About the position

The Global Director, Credit & Accounts Receivable will play a pivotal role in leading the Global Credit & Accounts Receivable functions within the Shared Services organization. This position reports directly to the Sr Director of Global Finance Shared Services and is responsible for overseeing teams that support critical processes throughout the order-to-cash cycle. The individual will work closely with strategic leaders, particularly within Sales and Customer Care teams, to ensure that customer receivables are managed effectively while fostering a positive experience for stakeholders. The role requires a focus on the evolution of Shared Services strategic growth and leading global teams with an emphasis on utilizing best-in-class tools and robust processes. This position is highly visible and necessitates consistent collaboration with Segment Finance and Sales leadership. Key responsibilities include overseeing Accounts Receivable processes within Shared Services, which involves managing and standardizing procedures for credit assessment and extension, collection of receivables, cash application, and forecasting accounts receivable and Days Sales Outstanding (DSO). The Global Director will collaborate with leadership across the entire order-to-cash cycle and various cross-functional organizations to achieve company goals, bringing insights and ideas to enhance business efficiency and effectiveness. As the global process owner, the individual will lead the migration to a centralized function, ensuring outstanding customer service while maintaining high integrity in financial systems and compliance with company policies and internal controls. The role also involves leading strategic projects through analytical decision-making, interfacing with key personnel, and identifying opportunities for automation and enhancements that drive efficiencies. The Global Director will establish goals and monitor key performance metrics to assess the quality and efficiency of credit and collection processes, ensuring effective internal controls and proper training for teams. Additionally, the individual will execute Sarbanes-Oxley (SOX) compliance related to accounting and reporting processes, while maintaining a motivated organization through effective selection, training, feedback, coaching, and recognition of staff.

Responsibilities

• Oversee Accounts Receivable within Shared Services, managing and standardizing processes for credit assessment, collection of receivables, cash application, and AR/DSO forecasting.
• Collaborate with leadership across the order-to-cash cycle and cross-functional organizations to achieve company goals and improve efficiency.
• Act as the global process owner for areas of responsibility, leading the migration to a centralized function.
• Provide outstanding customer service while ensuring compliance with company policies and internal controls.
• Lead teams to drive and manage organizational change effectively.
• Lead strategic projects through analytical decision-making and identify automation opportunities.
• Maintain process and procedure documentation in response to changing business conditions and internal control requirements.
• Establish goals and monitor key performance metrics for credit and collection processes.
• Ensure effective internal controls and proper training for teams.
• Execute SOX compliance related to accounting and reporting processes.

Requirements

• Bachelor's degree in Business Administration, Finance, or a similar field.
• Minimum 10 years of relevant work experience, including 5+ years managing a Shared Services Team.
• Continuous improvement mindset and ability to embrace Regal Rexnord's 80/20 principle.
• Proven experience in standardizing and documenting financial processes and procedures.
• Experience with large ERP systems (Oracle, SAP, etc.) preferred; strong experience with Microsoft Excel, PowerPoint, and Word is required.
• Project management experience with the ability to take ownership of projects with minimal direction.
• Ability to identify, track, and manage key performance metrics.
• Strong organizational skills and ability to thrive in a high-volume, fast-paced environment.
• Driven self-starter with strong self-responsibility and ability to operate autonomously.
• Experience with transformation management and organizational change.
• Possesses strong character, integrity, and executive presence.
• Excellent verbal and written communication skills.
• Schedule flexibility for global communications.
• Ability to travel up to 10%.

Nice-to-haves

• Manufacturing experience is a plus.

Benefits

• Medical, Dental, Vision and Prescription Drug Coverage
• Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
• Paid Time Off and Holidays
• 401k Retirement Plan with Matching Employer Contributions
• Life and Accidental Death & Dismemberment (AD&D) Insurance
• Paid Leaves
• Tuition Assistance