Title: Associate, Accounts Receivable Collections
Waterdown, ON, CA, L9H 0C5
Job Title: Associate, Accounts Receivable Collections
Location: Waterdown, Ontario
About the Role
- Responsible for maintaining the entire Cash Application process and maintenance of various Accounts Receivable general ledger accounts, including accounting policy compliance. Reviews and interprets financial reporting requirements, rules and regulations. Responsible for the adherence and ownership of the Accounts Receivable accounting and auditing policies and procedures.
Primary Responsibilities:
· Daily and ad hoc tasks including:
o Download bank statements for various currencies
o Post payments received and apply discounts, where appropriate, from the previous business day in the ERP system
o Add new customers and update addresses in the ERP upon request, and regular monitoring and maintenance of customers in the ERP to avoid duplication or incorrect information for export compliance
o Perform credit checks on customers to assist management on determining amount of downpayment or net payable terms
o Deposit cheques from customers
o Prepare journal entries as required
o Partner with Program Management department to understand details of past due balances where necessary, and contact customers for past due invoices
· Weekly, monthly, and quarterly tasks including:
o Report to Director of Finance the top overdue aging invoices
o Distribute Accounts Receivable aging report, and meet with the Customer Service department to obtain details on overdue invoices
o Update customer payments received for Consultant Distributor Representative reports
o Intercompany invoicing for various allocations and chargebacks
o Reconcile monthly General Ledger accounts
o Prepare Accounts Receivable Aging Analysis
o Handle inquiries from internal and external auditors, including Sarbanes Oxley requirements
o Assist Financial Planning and Analysis team where required
o Ad hoc tasks as requested by the Program Accounting Manager
Desired Skills:
- Intermediate Excel skills
- Attention to detail
- Excellent communication skills
- Excellent organizational skills
- Ability to develop strong working relationships with related key managers and support staff
- Ability to work to compressed deadlines
- A focus on continuous improvement
- Ability to multi-task and to work independently
- Experience in a large company environment and possess proven problem solving skills is an asset
- Knowledge of ERP LN is an asset
Desired Education:
- Bachelor’s Degree in Finance or related field.
