Senior Manager, Customer Credit

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Finance/Accounting
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H0200046 Requisition #
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THE OPPORTUNITY
 
Reporting to the Director, Global Treasury, the Sr. Manager, Customer Credit will be responsible for the day-to-day management of the company’s customer open account credit exposures and establishing a robust framework for identifying and quantifying customer credit risk.
 
This position is primarily responsible for developing, implementing and monitoring the customer credit and risk strategy and policy framework for the company’s operations.
 
The objective of the role is to optimize customer credit risk and ensure implementation of risk policies. To own and manage the independent customer credit/risk function across the full spectrum ranging from credit line origination to remedial management. 
 
YOUR RESPONSIBILITIES
 
• Enforcement of the Company’s credit policy and adherence to accepted standards;
• Credit analysis and reporting; the establishment and monitoring of customer credit lines; negotiation and purchase of credit insurance, if applicable; collections strategy, planning and control; customer deduction tracking and reconciliation; and appropriate education of sales teams and customers.
 
Additional responsibilities include:
 
• Assisting with identifying credit exposures in long term agreements and other vendor/supplier contracts; recommending changes in credit
• Policy/credit scoring metrics to senior management; coordination of
• Periodic credit reviews with the Company’s Risk Management Forum; helping design and implement processes to improve cashflow and reduce receivables; ad hoc credit and financial analysis.
 
The Sr. Manager, Customer Credit will also participate in other corporate treasury key projects and initiatives, including analyzing the potential impact of credit exposures on the Company’s cash flow targets, as well as supporting other areas of Treasury’s financial risk management functions – foreign exchange, interest rate, and insurance-related exposures.
 
This position will also work closely with the Company’s external financial reporting function in NJ as it relates to the identification of risks and required disclosure language in SEC filings.
 
The Sr. Manager, Customer Credit will work closely with Corporate Treasury’s Director, Global Treasury as well as all business unit finance and sales staffs, customer service personnel and the Company’s collections teams – both domestically and internationally, as required.
 
There will be two shared credit analysts supporting this function, located at the Company’s shared services organization in Jefferson City, MO.
 
WHO WE ARE
 
Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books, a leading provider of print and digital instructional materials for pre-K to grade 12, and a producer of educational and entertaining children's media. The Company creates quality books and ebooks, print and technology-based learning programs, classroom magazines and other products that, in combination, offer schools customized solutions to support children's learning both at school and at home. The Company also makes quality, affordable books available to all children through school-based book clubs and book fairs. With a 96 year history of service to schools and families, Scholastic continues to carry out its commitment to "Open a World of Possible" for all children. Learn more at www.scholastic.com.
 
Some benefits that we offer:
 
•  100% vested of 401(k) Retirement Plan after 5 years employment
•  Up to 1M worth of supplemental Life Insurance
•  Tuition Reimbursement
•  Purchase Scholastic stock at a 15% discount
 
Thank you for your consideration in choosing Scholastic.

HOW YOU CAN FIT
 
Minimum Experience:
Eight to ten years. CE area experience is a plus.
 
Other Characteristics:
The successful candidate will combine excellent conceptual and analytical skills with solid broad business judgment, be capable of understanding complex organizational and financial structures, and be able to communicate that data with credibility to both financial and non-financial audiences alike.
 
He/she will be comfortable and effective in dealing with senior management and operating management, as well as external contacts. We seek a candidate who is an effective manager of both time and resources with the ability to adapt when faced with changing priorities.
 
Preferred candidate must have background in corporate credit/collections, banking (credit training), or finance as well as a history of accomplishments in the field from strong negotiation skills with detailed reconciliation result.
 
Candidate will be proficient in reading / interpreting financial statements for the purpose of underwriting credit.
 
To be selected, the successful applicant must demonstrate an aptitude for managing and sustaining client relationships.
 
WHAT YOU’LL NEED
 
• Undergraduate degree in Finance, Accounting, or Business Management required. MBA (or similar) highly desirable
• Superior negotiation skills and the ability to be tough-minded, as well as be able to work well in a collegial environment.
• Accounting firm, law firm or consulting industry experience preferred.
• Strong finance background, problem solving and customer service skills.
• The individual must have the highest ethical standards and personal integrity, as well as have a first-class professional orientation and image.
• The individual should have excellent communication skills and be able to relate to various audiences ranging from the Chief Executive Officer to staff members.
• Individual will rely on experience and judgment to plan and accomplish goals.
• A wide degree of creativity and latitude is expected.

Equal Employment Opportunity

Scholastic is an Equal Opportunity Employer. Our policy is clear: there shall be no discrimination on the basis of race, religion, color, sex, pregnancy, national origin, marital status, sexual orientation, gender identity or expression, age, non-disqualifying physical or mental disability, or status as a disabled veteran or Vietnam veteran.


Those factors shall not influence the determination of qualifications for a job or other opportunity within the company. Further, all personnel actions (such as compensation, tuition aid, benefits, transfers, promotions, and dismissals, company-sponsored training, social and recreational programs) shall be administered without discrimination. To view the full EOE policy, click here.

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