Posted:4 days ago|
Platform:
On-site
Full Time
We are looking for someone with extensive knowledge and understanding of entire order to cash process management and improvement in a fairly fast paced business environment
Responsibilities
Conduct credit investigations, grants or holds shipments based on customer's available credit and initiates collections from delinquent accounts. Works directly with sales management to ensure all steps have been taken to improve the customer's credit limit for the purpose of improving sales while mitigating risk.
Investigate and verify the financial status and reputation of prospective customers applying for credit, prepares documents to substantiate findings, and recommends rejection or approval of applications.
Assess/Develop/Deploy standard methodologies for the improvement of AR working capital and decreased bad debt expense
Establish credit limits on customer accounts and handle special credit arrangements and deviations from standard terms of payment.
Review collection reports ascertaining the status of collections and balances outstanding to ensure compliance with the Credit & Collection policy.
Audit delinquent accounts considered to be noncollectable to ensure maximum efforts have been taken before assigning bad debt status to the account.
Work with sales personnel when facing collection challenges and provide them an opportunity to resolve delinquencies before submitting an account to a collection agency or attorney.
Submit delinquent accounts to an outside collection agency or attorney (when applicable) for collection purposes.
Collaborate with other departments on accounting and finance-related projects.
Participate in the annual audit. Completes all A/R related audit schedules according to the timeline set forth
Should possess good understanding of Billing, Customer Master and cash application processes and understand the linkages among them and solve challenges, if any
Qualifications we seek in you!
Minimum Qualifications
Bachelor's degree in Accounting, Finance, or Business
Relevant years of supervisory/ management level experience in Credit & Collections
Must be able to perform accounting and financial calculations, including determining interest rates, payment schedules, etc.
Knowledge of bankruptcy filing laws
Preferred Skills
Strong financial analytical skills and problem solving skills
Ability to read and interpret credit reports, financial statements and other financial or accounting related information
Proficient in MS Office applications, such as Word, Excel, PowerPoint, etc
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