Credit Manager - Cranbury, NJ

Req ID:  29256
Date:  May 19, 2024

Cranbury, NJ, US, 08512

Company:  Sonepar
Brand:  Cooper Electric

Are you ready for your next career opportunity?

At Cooper Electric successful associates drive our mindset of adapt, dare, and learn. Our associates are encouraged to lead innovation, embrace technology-driven solutions, and thrive in an environment that promotes personal and professional growth.  You will be empowered to create best-in-class business strategies and contribute to a customer-centric environment that delivers outstanding results.

What you will do:

  • Perform credit application reviews and approve/deny for potential new accounts.
  • Assign and monitor credit limits.  Regularly review limits with credit staff to ensure risk mitigation and reflection of current financial standing.
  • Oversee all credit staff activities to ensure compliance with policies and procedures within their authority levels.
  • Oversee and prioritize collection activity with credit staff.  Determine best course of action to keep accounts within an acceptable standing. 
  • Determine and administer other alternatives of payment such as joint check agreements, bond claims, lien filings and workout plans.
  • Administer appropriate ‘credit holds’ for accounts to ensure that orders are not processed when perceived credit risks do not warrant additional exposure.
  • Work closely with the internal sales team to correct billing errors, provide information needed to resolve disputes, and proactively discuss accounts nearing a “hold” status.
  • Reconcile payments from the customer to assist the cash applications group or prove to a customer where a payment was applied.
  • Determine when internal collections efforts are no longer effective and recommend 3rd party collection efforts by providing details to warrant the referral.


What you will bring:

  • A minimum of 8 years of experience in a credit and collections role. 
  • A minimum of 5 years management experience (approx. 7 direct reports)
  • Strong customer service skills and interpersonal communication skills.
  • Strong negotiation, mathematics, verbal, and written communication skills.
  • Ability to effectively communicate information and present solutions to a customer.
  • The ability to operate computers and relevant computer software.   Experience utilizing Get Paid is a plus.
  • Ability to prioritize needs in a fast-paced environment.


Physical Requirements and Work Environment

  • This job is performed primarily in an office environment and requires the ability to operate standard office equipment and keyboards. 
  • Repetitive motion of wrists, hands, and/or fingers.


Location:  Cranbury, NJ (3 to 4 days in office)

Work Hours: M-F; 8 am – 5 pm


Why work for Cooper Electric?

At Cooper Electric, we are Powered by Difference. As a Sonepar company we have local roots and global reach.  We thrive on the diversity of our associates and the various ways that each of us contributes to our successes.  What keeps us at the forefront of progress? Our people. No matter where you work or who you are, you will be encouraged to push boundaries, expand your industry experience, and elevate your career.


Our Competitive Benefits? 

Our full-time associates can participate in competitive medical plans which include medical, dental, vision, flexible spending accounts, long and short-term disability, life insurance, employee assistance programs, and employee discounts.  We offer a generous paid time off plan as well as paid holidays.


About Cooper Electric

For over 50 years, Cooper Electric has provided the New Jersey, New York, and Pennsylvania markets with expert electrical supplies, service capabilities, and innovative solutions. Cooper Electric was established in 1961 as a family-owned business.  In 1999 Cooper Electric became a proud member of the Sonepar Group, the world's largest privately held electrical distributor.  Today, Copper Electric continues to expand our capabilities and become one of the finest electrical supply distributors in the United States

Equal Employment Opportunity Statement 
Sonepar is an Equal Opportunity and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants will receive consideration for employment without regard to their race, color, creed, religion, national origin, citizenship status, ancestry, sex, age, physical or mental disability unrelated to ability, marital status, family responsibilities, pregnancy, genetic information, sexual orientation, gender expression, gender identity, transgender, sex stereotyping, order of protection status, protected veteran or military status, or an unfavorable discharge from military service, and other categories protected by federal, state or local law. 
EEO is the Law 
Applicants and employees are protected under Federal law from discrimination. To learn more, Click here
Pay Transparency Non-Discrimination Provision 
Sonepar follows Executive Order 11246, including the Pay Transparency Nondiscrimination Provision. To learn more, Click here

Nearest Major Market: New Jersey