Eaton Corporation Manager - Sector Trade Credit in Cleveland, Ohio
Eaton, in Beachwood, Ohio, has an opening in the Corporate Finance function for a
Manager - Sector Trade Credit.
The Manager - Sector Trade Credit manages and coordinates respective Sector receivables by ensuring application of all trade credit and collection procedures and policies worldwide ultimately driving improvements in the quality of the global receivable asset. These improvements are achieved through:
Revenue chain enhancements
Governance and integration of receivable management best practices
Generation of monthly operating reports on global receivables for respective Sector CFO’s, respective country and regional CFO’s and Corporate Executives
This function has the responsibility to maximize profit for the Corporation by assuring that the overall investment in and turnover of accounts receivable and the bad debt losses experienced by the Corporation are maintained at the lowest practicable levels consistent with the Corporation's Strategic and Profit Plans
Directs the administration of Eaton’s global trade credit policies and procedures that guide how the division/subsidiary controllers and/or credit managers operate
Drive improvements in the assigned sector worldwide receivable assets through revenue chain enhancements
Governance and integrations of best in class worldwide receivable management practices for respective sector
In conjunction with operating businesses credit and collection and marketing departments, visits external customers to develop and implement trade credit arrangements to accommodate division marketing goals while protecting the Corporation's investment in accounts receivable
Distressed Accounts Receivable - Responsible for accounts in collection globally. Coordinates activity for worldwide facilities related to recovery of outstanding amounts due from customers, vendors and others who are unable and/or unwilling to make payment to Eaton on a timely basis.
Negotiates strategic trade credit terms and risk mitigation techniques to support the Corporation’s revenue growth objectives
Advises on the adequacy of the allowance for doubtful accounts and recommends the provision to be accrued by the division or subsidiary in accordance to the Corporate Financial Policies
Partners with Supply Chain to drive working capital improvement with strategic accounts by ensuring equitant or competitive DSO vs. DPO cycles
Bachelor's degree from an accredited institution is required
Minimum of 7 years’ experience in varied corporate financial management activities, including trade credit, general accounting, auditing, banking and borrowing relationships, combined with specific knowledge of the operations and functions of the Corporation on global scope
Minimum of 5 years' experience with making major trade credit decisions, install and maintain financial arrangements for key corporate accounts.
Must be legally authorized to work in the United States without company sponsorship.
A high degree of technical proficiency is required in financial analysis, the Uniform Commercial Code, GAAP, secured transactions, bankruptcy law, and loan workouts
Must have the ability to control the Corporation's exposure to financial loss as a result of trade credit-granting
- MBA preferred
We make what matters work. Everywhere you look—from the technology and machinery that surrounds us, to the critical services and infrastructure that we depend on every day—you’ll find one thing in common. It all relies on power. That’s why Eaton is dedicated to improving people’s lives and the environment with power management technologies that are more reliable, efficient, safe and sustainable. Because this is what matters.
We are confident we can deliver on this promise because of the attributes that our employees embody. We’re ethical, passionate, accountable, efficient, transparent and we’re committed to learning. These values enable us to tackle some of the toughest challenges on the planet, never losing sight of what matters.
Region: North America – US/Puerto Rico
Organization: Corporate Sector
Job Level: Manager
Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: No
Does this position offer relocation?: Relocation from within hiring country only
Travel: Yes, 10 % of the Time
Eaton is an Equal Opportunity and Affirmative Action Employer. Eaton is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.