Why would I want this job?
The Temporary Credit & Collections specialist oversees the whole process of Electronic Direct Debit with our customers (communication, documents exchanged with the bank & the customers, accounting). This person is also responsible for non-EDD collections (checks, wires), researching of invoicing/claims issues and the facilitation of their resolution as well as Customer Credit analysis and maintenance of the COFACE credit insurance .
What would I be doing?
Main Responsibilities
• Management of the Electronic Direct Debit program with our customers: 30%
• Prepares Daily EFT Proposals and sends notice to customers
• Maintain daily log of EFT proposals and bank transmissions
• Review documents before sending to the customers & the bank
• Review & solve customers’ failed payments
• Review SAP accounting postings linked to the EDD to ensure accuracy
Other Collections: (non EDD): 15%
• Post payments against open receivables when not done automatically by SAP and as backup for Analyst
• Issue monthly statements of Customer accounts to all non-EDD Customers.
• Monitor daily lockbox receipts and bank statements to ensure timely and accurate application of cash payments
• Assist in creating the AR Dashboard on SharePoint
Past Due Management: 20%
• Track past due customers (primarily, but not exclusively non-EDD Customers)
• Analyze aging reports and communicate with past due customers to identify any issues potentially impacting payments
• Research issues for past due invoices and coordinate necessary actions with Operations and/or sales team
• Contact customers to resolve past due accounts and initiate collection
Credit Analysis: 20%
• Collect and analyze customer’s financial statements
• Prepare credit risk analysis, including proposed credit limit by customer and present recommendation to senior management
• Ensure proposed credit limit is in line with credit insurance
• Review Customer credit limits and credit insurance levels annually and propose changes for review and approval.
• Maintain Credit Limits in SAP
• Maintain Customer Credit Insurance levels and provide required Customer information to COFACE.
• Key participant in Credit Committee Presentations
Monthly Reporting: 10%
• Create and maintain Month End Reporting for AR
• Intercompany invoicing
Department Admin: 5%
• Assist in mail review and handling
• Filing
• Ad hoc requests
What would make me qualified?
Education:
• Undergraduate degree in Finance & Accounting required
Professional Experience & Know How:
• 3-5+ years of Collections / Finance experience.
• Strong Knowledge of Basic Accounting Concepts.
• Highly organized individual who is able to work with limited direction; must be able to set and adjust priorities independently,
• High level of attention to detail and accuracy, Solid interpersonal and communication skills.
• Strong PC skills, specifically advanced excel skills.
• SAP experience preferred; Experience working within the beverage alcohol & three –tier system is a plus.