Title:  Credit Manager

This is a fully onsite role based out of our office in Lisle, IL

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

• Oversees the daily balancing of AR which includes posting of cash activity.
• Oversees the monthly balancing of AR which includes the reconciliation of cash & receivables with Accounting.
• Manage the customer deduction process for AR.
• Manage the Intelligent Receivables (IREC) process and process improvements
• SAP knowledge person for AR.  This includes participation in all SAP activity related to AR, learning SAP processes and assisting in training the staff, problem resolution.
• Responsible for AR KPIs and metrics.

Manages Intercompany

• Works with accounting & sites to clear intercompany AR/AP transactions monthly.
• Improvement/Automation of intercompany processes.

Other Responsibilities

• Works with auditors; internal & external to review AR/Credit processes, procedures and data generated.
• Handles the preparation of regulatory reporting – FBAR, FATCA, Dodd-Frank, SOX, etc.
• Manage AR/Treasury technology, including improvements to AR automation and maintaining relevant software. 
• Assist in the preparation of annual budgets, forecasts, and operating plans for AR and Treasury.
• Responsible for AR/Credit and Collection KPI’s.
• Ad-hoc analysis as needed.
• Assist in the Dividend payments from CTS Subsidiaries to Corporate.
• Assist in the Treasury portion of M&A activity.
• Back-up the Treasury Manager Duties, as needed.

Required Knowledge, Skills, and Abilities

• Extensive knowledge of credit & collection practices.
• SAP experience is required.
• Experience with Microsoft Excel and PowerPoint.

Required Qualifications

• 8+ years of relevant work experience in Credit, Treasury, Finance or Accounting.
• 5+ years of supervisory experience. 
• Undergraduate degree in finance or accounting.
• A NACM credit certification is desired but not required.

Join Us

At CTS, one of the ways we recognize the value of our employees is through our comprehensive benefits program.  Highlights of our benefits program for full-time employees include:

• Health Benefits
• 401K
• Paid Time Off
• Holiday Pay
• Employee Assistance Program
• Paid Parental Leave
• Pet Insurance
• Tuition Reimbursement

The expected annual salary range for this position is $125-150K.

This position is eligible for a discretionary bonus with a target incentive of 10% of base salary.

Please note the salary information shown above is a general guideline only. CTS considers a variety of factors when setting base salary rates including, without limitation, a candidate’s skills, experience, and qualifications, as well as market and business considerations.

Ready to shape the future? Apply now to join a world leader in sensing and connectivity.

United States EEO Statement

CTS Corporation is an affirmative action/equal opportunity employer who complies with all applicable federal, state and local employment laws. In order to provide equal employment and advancement opportunities to all individuals, employment decisions at CTS Corporation will be based on merit, qualifications, and abilities. It has been and shall continue to be both the official policy and the commitment of CTS Corporation to further equal employment opportunities for all persons regardless of, among other characteristics, race, religion, color, national origin, sex, sexual orientation, gender identity, age, genetic information, status as a protected veteran or status as a qualified individual with a disability, or any other characteristics protected by applicable Federal, State or Local law.

We fully comply with all applicable Department of Labor and EEOC rules, regulations, guidelines, and orders including but not limited to Executive Order 11246 and 41 C.F.R. §§ 60-1.4, 60-250.5(a), 60-300.5(a) and 60-741.5(a). The parties hereby incorporate the requirements of 41 C.F.R. §§ 60-1.4(a)(7), 29 C.F.R. Part 471, Appendix A to Subpart A, 41 C.F.R. § 60-300.5(a) and 41 C.F.R. § 60-741.5(a), if applicable. Except where prohibited by law, all offers of employment are contingent upon successfully passing a background check and drug screening.

ADA accommodation statement: If you require reasonable accommodation in the application process, call Human Resources at 630.577.8811. All other applications must be submitted online.

United States Additional Considerations

It is unlawful in all states where the Company operates, including Massachusetts, to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates applicable laws may be subject to criminal penalties and civil liability. The Company does not require a lie detector test as a condition of employment nor continued employment. 

Applicants must have valid work authorization that does not now and/or will not in the future require sponsorship of a visa for employment authorization in the United States.

No agencies, please. We do not accept any unsolicited resumes and are not looking to engage an agency. We receive inquiries from agencies daily. Do not direct any inquiries or emails to hiring managers. It is not our standard practice to utilize agencies; we are a federal contractor and need to comply with the same process for all.

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