The Manager, Credit and Rebates directs the activities of the Credit, Accounts Receivable and Rebate Accounting departments. The Manager is responsible for dealer interaction regarding LMC credit line assignment and needed collateral as required by the Finance Committee. Additionally, the incumbent has responsibility for the proper management, collection and distribution of confidential National Account Program rebates and Co-op credits to the stockholders, on a quarterly basis.

The Manager, Credit and Rebates has the authority to make decisions affecting the efficient operation of the departments in accordance with the job description and objectives set in the published Business Plan.

Primary Responsibilities:

CREDIT

• Initiates conversations with prospective dealers and educates them on LMC Credit Policy
• Reads, analyzes and interprets stockholder financial statements for evaluation of credit risk based on LMC Credit formula
• Directs the presentations and actions of the Finance Committee.
• Recommends credit and collateral requirements to the Finance Committee to minimize credit loss.
• Negotiates and establishes various forms of collateral to be assigned to LMC while working with professional services
• Contacts stockholders regarding specific issues, and oversees all confidential stockholder financial discussions.
• Ensures that the submission and review of dealer financial statements are completed on a timely basis
• Maintains stockholder records and confidentiality.

ACCOUNTS RECEIVABLE

• Oversees the Accounts Receivable Department including the collection and application of payments by the dealers and monthly close to reconcile to the General Ledger.
• Monitors customer account details for non-payments, delayed payments and other irregularities
• Organizes and implements a recovery system and initiates collection efforts with collections staff.
• Oversees the hiring process and makes final hire recommendations.

REBATES

• Manages the Rebate Department to ensure timely and accurate collection and distribution of the National Accounts Programs and the Co-op Account Programs.
• Manages the Rebate System to provide accurate rebate calculations and data collection from suppliers.
• Works with Purchasing Managers and Vice Presidents to optimize rebate earnings potential from supplier programs.
• Responds to stockholders regarding questions on the NAP or CAP amounts, maintaining LMC’s confidentiality rules.
• Maintains stockholder preferred stock calculations, patronage dividend calculations, and account maintenance amounts. 

MANAGERIAL

• Determines the staffing needs for areas of responsibility and manages the selection and hiring process, and is the final approval.
• Fosters a strong team environment while rewarding strong individual performance.
• Conducts performance evaluations, developing staff to achieve corporate, divisional and departmental goals; makes salary increase recommendations.

• Responds to inquiries and assists employees as necessary while maintaining a positive company image by providing excellent customer service.
• Performs other duties as required and/or assigned.

Qualifications:

• Bachelor's Degree in Accounting, Finance, Economics, Business Administration or related field or equivalent experience required. MBA preferred.
• 5-10 years of related financial experience, preferably in the lumber industry.
• 3-5 years of prior related management experience.