Credit and Collections Specialist

  • Atlas Copco
  • New Hudson, Lyon Charter Township, MI, USA
  • Oct 06, 2021
Full time Finance

Job Description

As a member of the administration and finance team, the Credit and Collections Specialist is responsible for reviewing the creditworthiness of existing and future customers, and the reporting, timely collection and follow-up of accounts receivable.


  1. Credit Control
    1. Review customer credit applications, credit history, and determine credit worthiness.
    2. Pull D & B or other credit reports on customers as required, and determine credit risk factors.
    3. Monitor credit extended to various customers to minimize credit risk.
    4. Suggest appropriate credit limit for a particular customer.


  1. Collections
    1. Follow-up with customers on overdue accounts.
    2. Navigate customers’ online payment portals to determine payment status of outstanding invoices; submit additional information as required.
    3. Assist with the determination of ultimate application of cash receipts.
    4. Handle incoming and outgoing communication with customers pertaining to A/R


  1. Cost center maintenance and reporting
    1. Forecasts expenses by cost center
    2. Monthly reporting of actual to forecast
    3. Explains variances to forecast


  1. Reporting
    1. Document (in Excel) the status of overdue outstanding amounts.
    2. Generate periodic, accurate and up-to-date pertinent reports as requested by Controller and Company’s officers.
    3. Ensure that the status of a particular overdue receivable is known and being actively pursued.


  1. Continuous Improvement and monitoring of internal controls
    1. Identify systematic issues that are resulting in the delay of payment from our customers
    2. Work with other departments to implement process improvements; ensure the necessary documentation is in place to facilitate prompt payment of receivables.
    3. Develop, execute and maintain an efficient procedure and system for the active pursuit of past due accounts.


  • Excellent communication, organizational and interpersonal skills
  • Proficient in Excel; experience in other Microsoft applications
  • Ability to work independently with a problem solving trait.



  • High school diploma (associates degree preferred).
  • Minimum of five years relevant experience collecting receivables from Automotive OEM’s in a Tier 1 capacity.
  • Knowledge of customer website portals used for collections.