Credit Manager

Posted 3 Hours Ago
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60061, Vernon Hills, IL, USA
In-Office
90K-100K Annually
Senior level
Food • Hospitality • Appliances • Manufacturing
The Role
Lead credit and collections operations, make credit recommendations, supervise staff, reconcile AR and bank accounts, manage sales returns reserves and sales/use tax filings, support interdepartmental account resolution, maintain credit files and procedures, and provide operational backups for pricing, reporting, and distributor programs.
Summary Generated by Built In

Job Title

Credit Manager

Function

Finance

Reports to

Director of Revenue Accounting

Supervises

Finance and Payroll Generalist

Mission

Safeguard the company’s financial integrity by leading a disciplined credit and collections function that supports responsible revenue growth, minimizes risk, and ensures accurate, compliant financial operations. This role is committed to making sound credit decisions, maintaining rigorous controls, fostering cross department collaboration, and providing reliable operational support. Through proactive risk monitoring, timely reconciliations, precise tax compliance, and adherence to company policies and ethical standards, the mission is to uphold financial accuracy, strengthen customer account management, and contribute to the organization’s overall operational excellence.

Principle Activities

 

  • Make credit recommendations for new customer accounts. 
  • Train and supervise the finance and payroll generalist.
  • Review customer accounts for adherence to terms. 
  • Review daily customer order hold report and, when appropriate release for shipment.
  • Monitor distributors credit trends and bring any potential risks to the attention of the Director of Revenue Accounting.
  • Sales returns/allowances reserve requirements computed quarterly and determine if provision is adequate. If not propose adjustment.
  • Supervise the completion of Sales & Use Tax returns timely and accurately. Facilitate audits of all Sales and Use Taxes.
  • Keep up to date credit files.
  • Timely reconciliation of the AR subsidiary records and Depository Bank accounts to the GL and rectify timely all reconciling items.
  • Maintains updated work instructions/procedures for the credit and collection major job responsibilities.
  • Facilitating effective interdepartmental communication by partnering with Sales, Operations, Finance, and Customer Service to resolve account discrepancies and ensure smooth workflow across teams.
  • Serves as a backup for key operation functions, including maintaining finished goods pricing within QAD, managing monthly distributor scorecard reporting, and supporting accrual activities for the Distributor Rebate Program. Provides coverage for daily and weekly operational reporting orders, shipments, and backlog ensuring accuracy, continuity, and timely escalation of any issues or trends requiring attention.
  • All other duties as assigned.
Qualifications

Financial/Risk Control

  • Fulfill the financial control and risk management responsibilities inherent in the position.
  • Ensures adherence to the Ali/ Welbilt Finance and Control Manual specifically to sections related to Debtors, Revenue Recognition and others as deemed appropriate.
  • Conduct yourself in accordance with the Company code of ethics policy at all times.

Required Education/ Certification

Bachelor degree preferred, or equivalent experience.

Proficient with credit and bankruptcy laws to address risks that may arise.

Required Experience

7 Years Accounting experience with at least 5 in credit and collections

Microsoft Suite

Supervisory experience required

Physical Requirements/Other

Occasional travel  as necessary

Ability to sit for extended periods of time and lift up to 15lbs.

Skills Required

  • 7 years accounting experience with at least 5 years in credit and collections
  • Supervisory experience
  • Proficient with credit and bankruptcy laws
  • Proficient with Microsoft Suite
  • Experience reconciling AR subsidiary records and depository bank accounts to the GL
  • Experience computing sales returns/allowances reserves and preparing Sales & Use Tax returns; facilitate tax audits
  • Bachelor degree or equivalent experience
  • Ability to sit for extended periods and lift up to 15lbs; occasional travel as necessary
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The Company
862 Employees

What We Do

Scotsman Ice Systems is the world's largest manufacturer of commercial ice machines, offering over 300 models of ice machines, storage bins, and ice and water dispensers. Since the 1950s, the company has pioneered affordable and reliable ice-making solutions, distributing its products to over 100 countries. They serve a wide range of businesses, including hotels, restaurants, bars, and healthcare facilities.

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