at CTS Corporation in Lisle, Illinois, United States
Job Description
CTS Corporation
About Us:
We are committed to finding smart solutions that enable an intelligent and seamless world. Our success as a world-class leader in technology has evolved from humble beginnings. In 1896, the enterprising father and son team of A.J. and George A. Briggs partnered with S.A. Buffington, a Chicago lawyer, to establish Chicago Telephone Supply Company (later to become CTS).
Today, CTS is a leading designer and manufacturer of sensors, actuators, and electronic components for suppliers and original equipment manufacturers. We have over 20 locations in 12 countries and more than 3,500 employees. Our innovative sensing, connectivity, and motion solutions offer a diverse range of products across diversified end markets including transportation, medical, aerospace and defense, and industrial. We are at the forefront of supporting innovating life-changing technology, focusing on quality to keep people safe, healthy, and happy.
Position Summary
This position is a key part of the Corporate Treasury team. Responsible for credit management and intercompany activity. This position supervises the AR and Collections team and handles the reporting requirements of AR.
Key Responsibilities
Credit Management
- Manages the investigation of customer credit risk and the establishment of credit limits.
- Performs annual credit assessments on the top 25 customers (200+ individual accounts) and requests for credit limit increases. This covers 75% of the total AR exposure.
- Manages AR portion of the New Customer Requests (NCR) process.
- Prepares credit metric reports.
- Holds meetings to review the status of the AR accounts.
- Prepares the quarterly bad debt analysis and guides the quarterly bad debt review.
- Manages the relationship with Credit Risk Monitor (CRM).
- SAP knowledge person for Credit Management. This includes participation in all SAP activity related to Credit Management, learning SAP processes and assisting in training the staff, problem resolution.
Collections
- Manages the credit & collection processes. This includes working with CTS sales personnel, plant operations and customers to ensure that the AR is paid timely, and bad debt expense is minimized.
- Manages the Shared Service Center (SSC) AR Team that post cash receipts and collect past due balances. This coordination / supervision of the AR team provides technical support & collections knowledge when needed.
- SAP knowledge person for Collections. This includes participation in all SAP activity related to Collections, learning SAP processes and assisting in training the staff, problem resolution.
- Responsible for Collections’ KPIs and metrics.
Accounts Receivable
- Ov
Equal employment opportunity, including veterans and individuals with disabilities.PI269983599
