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Senior Credit and Collections Specialist (Construction)
Senior Credit and Collections Specialist (Construction)On Point Staffing Group • Newark, NJ, United States
Senior Credit and Collections Specialist (Construction)

Senior Credit and Collections Specialist (Construction)

On Point Staffing Group • Newark, NJ, United States
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Senior Credit & Collections Professional

Position Overview

We are seeking a highly experienced Senior Credit & Collections Professional to lead our credit management and collections strategy. This individual will oversee all aspects of customer credit assessment, account monitoring, and collections to ensure the company maintains strong cash flow and minimizes financial risk. The ideal candidate will bring 10+ years of progressive experience in credit and collections management, with a proven ability to assess creditworthiness, implement risk mitigation strategies, and drive successful collection outcomes while maintaining positive client relationships.

Key Responsibilities

Credit Management

  • Oversee the full credit review process, including new account evaluations, credit limit recommendations, and ongoing account risk monitoring.
  • Analyze financial statements, trade references, and payment history to determine creditworthiness.
  • Establish and maintain internal credit policies and procedures aligned with company goals and risk tolerance.
  • Partner with sales and operations teams to ensure proper vetting of new customers and adherence to credit terms.
  • Periodically review and adjust credit limits based on performance and market conditions.

Collections Oversight

  • Manage the end-to-end collections process across all customer accounts to ensure timely payments.
  • Develop proactive collection strategies to minimize past-due balances and Days Sales Outstanding (DSO).
  • Communicate professionally with clients to resolve disputes, negotiate payment plans, and ensure prompt resolution of outstanding balances.
  • Collaborate with the AR team to ensure accurate account reconciliation and documentation.
  • Escalate high-risk or delinquent accounts for lien, bond, or legal action as appropriate.
  • Reporting & Analytics

  • Prepare and analyze weekly, monthly, and quarterly reports on AR aging, collection effectiveness, and cash flow.
  • Track and report key credit and collections metrics to senior leadership, identifying trends and recommending process improvements.
  • Maintain accurate records of credit decisions and collection efforts in accounting and CRM systems.
  • Cross-Functional Collaboration

  • Work closely with Billing, AR, and Project Management teams to address invoice discrepancies and payment issues.
  • Partner with Finance to forecast cash flow and identify potential risks.
  • Support audits and ensure compliance with internal controls and external regulations.
  • Skills & Qualifications

  • 10+ years of experience in credit analysis, collections management, or related AR leadership roles.
  • Strong financial acumen with experience analyzing balance sheets, income statements, and credit reports.
  • Proficiency in Sage accounting software (required).
  • Knowledge of construction / service industry billing and lien processes strongly preferred.
  • Proven ability to negotiate effectively and maintain professionalism in sensitive financial discussions.
  • Exceptional organizational, analytical, and communication skills.
  • Bachelor's degree in Accounting, Finance, or Business preferred.
  • Performance Indicators

  • Reduction in DSO and delinquent accounts.
  • Improved cash flow and collection efficiency.
  • Accuracy and timeliness of credit decisions.
  • Maintenance of strong customer relationships while protecting company assets.
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    Collection Specialist • Newark, NJ, United States

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