Credit Coordinator

Finance and Administration
OTB
Full time
Location: 

New York, US

Date:  Nov 23, 2024

Credit Coordinator

Description: 

About OTB Group


OTB is an international fashion group comprising the iconic, unconventional brands Diesel, Jil Sander, Maison Margiela, Marni and Viktor&Rolf. It also controls the Staff International and Brave Kid companies and holds a stake in American brand Amiri. OTB – short for "Only The Brave" – believes in the possibility of pushing beyond the frontiers of fashion and style to support the creativity of international talents and express in full the innovative spirit and uncompromising courage of its founder and chairman, Renzo Rosso. With more than 6,000 employees worldwide, the Group is founded on a digital approach centred on the consumer, a concrete long-term commitment to the creation of a sustainable, technologically driven business, and close attention to social issues through the OTB Foundation.

 

Job Summary:

 

The main focus of this job role is the performance of activities directly related to supporting the Credit department in all credit procedures and policies; approve new accounts opening; evaluate the risk exposure and approve credit and gross order book limits & payment terms; monitor DSO; support the wholesale growth making terms recommendation to the Director of Credit of any bad debts analysis; Responsible for achieving annual and monthly targets and goals; ensure accurate cash posting; resolve customer discrepancies; work closely with the Sales, Warehouse and Customer  Service department to solve issues related to collections; ensure chargeback resolutions;  in regulatory compliance; and similar activities. 

 

Job Description

 

Role and Responsibilities

 

Credit Risk

• Adhere to policies and procedures on the control and safeguarding of company assets.

• Improves DSO, to reduce costs and increase efficiencies

• Management over designated account portfolios

• Approves or declines requests for credit lines with approval of Credit Director

• Provide max order book recommendation by customer before each sales campaign

• Monitor and assess the risk level

• Corresponds with past due accounts to expedite payments.

• Monitors daily holds/reorder reports and releases orders if necessary

 

Chargeback

• Cash application

• Prepare the correct chargeback bookings by reason code in order to give a correct picture of the different category of chargeback.

• Reconcile chargebacks from customers

 

Sales Team Partnership

• Aligns and communicates with sales people regarding customers on hold

• Bi-weekly meetings with sales team regarding past due accounts and chargebacks

 

Fiscal Administration

• Provides monthly financial results to Credit Director

• Prepare reports for management including D2 and One Page Report

• Performs all other duties assigned.

• Prepare seasonal clothing allowance statements and follow up on collections

• Prepare end of year clothing allowance file for tax purposes

• Send EDI and ASN transmission and non Edi transmissions

• Move invoices from Stealth to SAP

• Credit card processing

 

Competencies

• Financial Management.

• Ethical Conduct.

• Customer/Client Focus.

• Learning Orientation.

• Problem Solving.

• Results Orientation.

• Communication Proficiency.

 

Qualifications and Education Requirements

• Associates degree or 4 Year Degree in Finance, Accounting, Business Administration, or equivalent combination of education and experience

 

Preferred Skills

• 3+ years Finance/Collections/Chargeback background.

• 2+ years in a similar experience dealing with brand relevant

• Experience in a Retail, wholesale or consumer products environment organization of $100m+

• 2+ yrs SAP experience

• Strong IT systems and PC software skills

 

Salary Range: $70-75k

 

Applicants must be legally authorized to work in the United States at the time of application and be able to provide proof of employment eligibility upon request. Employment is contingent upon the successful verification of this authorization in compliance with federal immigration laws.

 

#OTB #LI-AR

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Privacy policy available here: https://apps.otb.net/hr-gdpr/

Location: 

New York, US

Seniority:  Professional
Employment Type:  Full time
Function:  Finance and Administration