Flowserve Corporation Director, Credit & Collections in IRVING, Texas

Company Overview:

Flowserve is the recognized world leader in supplying pumps, valves, seals, automation, and services to the power, oil, gas, chemical, and other industries. With more than 18,000 employees in more than 55 countries, we combine our global reach with a local presence.

Position Description:

The Director – Global Credit and Collections position reports to the VP, Investor Relations & Treasurer. This position will manage strategies, operations, personnel and policies related to the extension of customer credit worldwide, and serve as the focal point for Flowserve’s collection efforts.

Credit Accountabilities

• Responsible for developing and directing the shared credit service provided by Flowserve Global Credit Center (FGCC) on a global basis (managing Americas, EMA and Asia personnel/activities)

• Aligning all regions so that the same credit processes are adopted globally

• Oversee and supervise credit personnel in the UK, and Irving and Bethlehem, USA; while either maintaining dotted line oversight for all remaining credit activities globally or restructuring the reporting relationships

• Oversee the implementation of a global credit platform/database to ensure a consistent methodology and approach is utilized worldwide

• Ensure proper execution of global credit policies and procedures; and be highly involved in the Sales Approval Process (SAP)

• Drive work streams related to the ongoing enhancement of the FGCC

• Oversee customer master data globally

• Consolidate regional information to monitor global exposure

Collection Accountabilities

• Working in close coordination with the Order-to-Cash Process owner and as the Hungary shared services’ primary customer related to collections - develop, maintain and improve global collection processes, systems, policies, data and workflows to increase performance on a global basis.

• Take personal ownership/accountability in reducing Flowserve’s DSO’s and past due A/R as progress/improvement will represent the key performance metric of this role

• Analyze problematic collection areas to better understand flaws/failures and pursue solutions

• Identify under-performing collection areas/sites and implement corrective actions

• Develop collection strategies to allow for timely milestone payments

• Provide shared service center with a clear escalation process and continually evaluate the center’s performance, KPIs

• Take global lead on continuous improvement of collection processes

• Educate stakeholders on the impact and cost of late payment

Key Relationship/Constituencies

• Chief Financial Officer

• Vice President, Investor Relations and Treasurer

• SVP, Sales

• Platform Presidents and Controllers

• IT organization

• Director, Order-to-Cash process owner

• Field/site controllers and accounting, field credit & collections, field sales

• Flowserve’s end customers

Position Requirements:

Qualifications

· Minimum of Bachelor’s degree in Finance, economics or related field

· Minimum of 8 years of experience in credit and collections

· Member of Institute of Credit Management (ICM) preferred

· Excellent communication and problem-solving skills

· Willingness to actively challenge the status quo

· Ability to bring different functions to the table to drive DSO improvement

· Extensive international trade experience

· Good working knowledge of terms and conditions and related commercial issues

· Extensive knowledge of financial instruments such as bank guarantees and letters of credit

· Ability to build solid relationships with the business units, functional areas and customers to ensure an effective dialogue on complicated issues

· Ability to work in a fast-paced environment

· Ability to prioritize departmental workload in support of published service levels

· Willingness to travel as needed (up to 40%) to address personnel, systems, processes, etc.

· Experience leading team members performing disparate responsibilities and activities while maintaining a solid level of engagement

· Ability to effectively manage credit employees who reside across the world

· High level of creative problem solving and effectively leading changes in processes and methodologies

· Create structured solutions to ambiguous problems in a dynamic environment

· Excellent computer skills, including Microsoft office suite (Outlook, Word, Excel, PowerPoint), BPC, BI and a working knowledge of various financial systems (Bloomberg, ThomsonOne, Hyperion, etc.)

· Impeccable ethics and strong commitment to Flowserve’s values, strategies, operations and associates

· Most importantly, a strong desire to drive change, improvements and quantifiable results

Job Posting/Business Card Title:

Director, Credit & Collections

Percentage of Approximate Travel Required:

30%

Job Posting Category:

Finance & Accounting

Primary Posting Location:

IRVING, Texas US

Country:

United States of America

Employment Type:

Full time

Relocation Eligible:

No

Auto req ID:

40286BR

Preferences:

NA

40286BR