Credit & Collections Manager

Credit and Collections Manager

Location: Deerfield, IL, Broomfield, CO, or remote

About Justrite Safety Group

At Justrite Safety Group, we're more than just a collection of industrial safety companies; we're a dynamic organization dedicated to protecting people, property, and the planet. Our ever-growing portfolio of companies collaborates to deliver advanced industrial safety solutions that set the standard for excellence.

As our business continues to grow, we continue to look for top talent to join our team as we lead the charge in revolutionizing industrial safety, ensuring that every worker returns home safe, every workplace remains secure, and our environment thrives for generations to come. With Justrite Safety Group, safety isn't just a priority—it's our passion.

Headquartered in Deerfield, IL, Justrite Safety Group (JSG) is focused on helping companies protect their assets and comply with safety regulations. We manufacture a variety of products that provide chemical storage safety (gas cans, cabinets), motion safety (wheel chocks, speed bumps), industrial matting (rubber / vinyl mats), signage (including 5S signs), ground protection (large, heavy-duty mats), showers / eyewash stations, and exterior storage buildings. With approximately 2,000 employees, we operate 18 manufacturing facilities and offices in the USA, Canada, China, Japan, UK, Netherlands, Italy, Romania and Germany. Highly acquisitive and private equity backed, the company has grown significantly in the last five years and is investing heavily in the expansion of its finance talent and related systems.

The Contribution You’ll bring to this Role:

The Credit and Collections Manager leads the Center of Excellence for Credit and Collections for our Chemical Safety (Justrite/Eagle), Jobsite Safety (Checkers) and Facility Safety (NoTrax) businesses. This position is responsible for overseeing the accounts receivable processes, monitoring accounts and facilitating timely collections, including the resolution of disputes, and maintaining accurate records and reporting. Additionally, this manager will develop and oversee policies and procedures with the goal of optimizing cash flow and maintaining positive internal and external customer relationships.

About the Team:

As a member of our Finance team, you’ll be working with professionals dedicated to excellence and innovation. At Justrite Safety Group, you'll work alongside some of the best in the industry, collaborating on impactful projects that drive business success. Our team values precision, strategic thinking, and a passion for delivering results. Together, we create a supportive and challenging environment where you can grow your skills and make meaningful contributions to the company's financial strength and strategic goals.

What You’ll Do at Justrite:

• Manage the end-to-end accounts receivable process, including credit management, cash application and collections.

• Supervise, train, and mentor staff, ensuring high performance and professional development.

• Lead efforts to implement FIS GETPAID, an AR automation tool to enhance the accounts receivable process, reducing manual efforts and increasing efficiency.

• Develop and execute collection strategies to reduce delinquency and improve Days Sales Outstanding (DSO).

• Review escalated customer issues, provide solutions and facilitate collections.

• Partner with Sales and Customer Service to resolve payment issues without jeopardizing customer relationships.

• Oversee accurate cash applications and reconcile unapplied cash.

• Perform financial and credit analysis regarding new customer applications, past due accounts, and high-risk customers. Determine the amount of credit to be extended.

• Review accounts receivable aging to assess the status of collections and outstanding balances, and evaluate the effectiveness of current collection policies and procedures.

• Audit delinquent accounts considered to be uncollectible to ensure maximum efforts have been made before assigning bad-debt status.

• Support the month-end close process by preparing AR related reports and analysis, including reconciliation of general ledger accounts and preparation and booking of AR reserve adjustments (i.e. bad debt, short pay, discounts).

• Maintain documentation for credit approvals, disputes, and escalations.

• Prepare monthly reports for senior leadership on AR aging, collection metrics and cash flow forecasts.

• Monitor, recommend and drive ERP enhancements as it relates to the full cycle of accounts receivable to increase efficiency and decrease errors.

• Work across functions to help communicate inefficiencies while being a resource to help problem solve areas of improvement for the order to cash process.

Your Skills and Expertise:

To ensure your success from day one in this role, Justrite requires the following qualifications at a minimum:

• Bachelor's degree in Finance, Accounting or related field.

• A minimum of 7 years of experience in credit and collections, with at least 3 years in a managerial role.

• Experience with FIS GETPAID

• Proficiency in financial software and ERP systems (Infor XA and Syteline a plus)

• Excellent analytical and problem-solving skills.

• Strong communication skills with the ability to present data and insights to leadership in a clear and concise manner.

• Experience in leading a team including setting performance standards, providing ongoing feedback and training to achieve success.

Additional qualifications that could help you succeed even further in this role include:

• Proficiency in Microsoft Office applications, specifically Excel.

• Strong initiative and drive, including a willingness to collaborate on projects with colleagues beyond Accounting and Finance.

Compensation:

The position offers a competitive base salary ranging from $105,000 to $120,000.

Actual base salaries will vary and may be above or below the recommended pay range based on factors such as but not limited to location, relevant experience and performance. Additionally, this role is eligible for an annual incentive plan to enhance their overall total compensation package when Justrite Safety Group and their business units achieve annual business and financial targets.

Benefits:

Our benefits package at Justrite Safety Group is designed to be the best in the industry, offering everything you need to support your career and personal well-being. You’ll receive a competitive salary paired with an extensive benefits package that includes comprehensive medical, dental, and vision coverage. We provide flexible hours and alternative work arrangements designed to support a healthy work-life balance. These options vary depending on the specific roles and business needs.

Your financial future is secure with our 401K plan, complete with a company match, and you’re protected with company-paid short and long-term disability insurance. To ensure you’re at your best, we also offer generous paid time off, personal days, and a robust employee wellness program that supports your overall health and happiness. At Justrite, our benefits package is designed to help you thrive both in and out of the workplace.

Why Choose Justrite Safety Group?

As a leading name in the safety industry, Justrite provides a platform where you can collaborate with some of the best professionals in the field, learning from experts and contributing to cutting-edge solutions. The company's commitment to excellence and innovation ensures that you’ll be part of a team that is making a real impact. With a strong focus on career advancement, Justrite empowers its employees to thrive both personally and professionally, making it an ideal workplace for those looking to grow their careers in a meaningful and rewarding environment.

Join us and be part of a team dedicated to product excellence and making a positive impact in our company, and in our community!

Originally posted on Himalayas