Manager - Credit

Job Title: Manager-Credit

Division: Luxe Supply Chain

Location: South Brunswick, NJ

Reports To: Director – Credit & Deductions

Who We Are:  

For more than a century, L’Oréal has devoted its energy, innovation, and scientific excellence solely to one business: Beauty. Our goal is to offer each and every person around the world the best of beauty in terms of quality, efficacy, safety, sincerity and responsibility to satisfy all beauty needs and desires in their infinite diversity.  

At L'Oréal Luxe our mission is to provide our consumers the best products and brand experience by making it unique. Our portfolio is composed of 21 brands including major brands, highly aspirational and multi-expert, such as Lancôme, Yves Saint Laurent, and Giorgio Armani. 

What you will learn: 

Manage, coach, and develop Credit Analysts and Specialist II.  Manage the cash collection and credit processes for Luxe as well as negotiating with accounts to improve payment trends including average days late.   Monthly cash forecasting and budget/trend A/R data as business needs dictate. 

Tasks, Duties & Responsibilities: 

·       Manage the activities and functions of Credit & Collections personnel to include achieving DSO and overdue objectives and A/R directives to ensure established goals are met. 

·       Prepare month-end reporting to include Cash Forecasting, KPI, and COFACE. 

·       Recommend lines of credit for individual accounts. Utilize various information sources when opening new customers to determine if credit worthy. 

·       Possess functional responsibility of credit authorizations and write-offs. 

·       Owns new customer creation and on boarding process for the Credit area, as well as the off-boarding process.

·       Responsible for hiring and development of new personnel, along with the terminations, promotions and yearly performance appraisals of staff. 

·       Drive analysis on payment trends and causal factors for late payments 

·       Develop analysis skill sets in team members to identify root cause for payment issues.  

·       Champion for process improvements to streamline internal work efforts 

What we are looking for:

Required Qualifications: 

·       Bachelor’s degree in Accounting, Finance, Business Administration or related field.   

·       3-5 years related work experience in a related field in a corporate environment.  

·       Demonstrated analytical skills and problem-solving ability.  

·       Strong and rapid decision-making ability.  

·       Proven organizational and strategic planning skills.  

·       Able to handle difficult or challenging situations with diplomacy, tact and professionalism.  

·       Excellent interpersonal, oral and written communication skills.  

·       Proficient skills in Microsoft Office, including Excel, Word, Power Point and Outlook required.

·       Exposure to SAP systems, Power Bi, Celonis and High Radius are a plus.

·       Operates with integrity and high ethical standards.

·       Flexibility to work occasional extended hours as required.

·       Must be able to travel as needed for business no more than 5%. 

·      

Please note:  This job description does not list all duties of the job.  Employees may be asked by management to perform other duties.  The employer has the right to revise this job description at any time. 

What’s in it for you: 

·       Competitive Benefit Package (Medical, Dental, Vision, 401K, Pension Plan)   

·       Hybrid Work Policy (3 Days in Office, 2 Days Work from Home)

·       Flexible Time Off (Paid Company Holidays, Paid Vacation, Vacation Buy Program, Volunteer Time, Summer Fridays & More!)   

·       Access to Company Perks (VIP Access to L’Oréal’s Internal Shop for Discounted Products, Monthly Mobile Allowance)   

·       Learning & Development Opportunities (Unlimited Access to E-learnings, Lunch & Learn Sessions, Mentorship Programs, & More!)   

·       Employee Resource Groups (Think Tanks and Innovation Squads)   

·       Access to Mental Health & Wellness Programs    

Don’t meet every single requirement? At L'Oréal, we are dedicated to building a diverse, inclusive, and innovative workplace. If you’re excited about this role but your past experience doesn’t align perfectly with the qualifications listed in the job description, we encourage you to apply anyways! You may just be the right candidate for this or other roles! 

We are an Equal Opportunity Employer and take pride in a diverse environment. We would love to find out more about you as a candidate and do not discriminate in recruitment, hiring, training, promotion, or other employment practices for reasons of race, color, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or disability, or any other legally protected status. 

If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to access job openings or apply for a job on this site as a result of your disability. You can request reasonable accommodations by contacting [email protected]. If you need assistance to accommodate a disability, you may request an accommodation at any time.  

Our Safe Together Plan: Your safety is our highest priority. We will proceed with caution and adhere to enhanced protection standards to ensure our sites are safe for all employees. We must all operate with the shared responsibility for each other’s health & safety in mind. 

Please note:  This job description does not list all duties of the job.  Employees may be asked by management to perform other duties.  The employer has the right to revise this job description at any time.