Accounts Receivable & Credit Manager

Kinetico Incorporated•Newbury Township, OH

21h

About The Position

Manages the daily activities of the Accounts Receivable team; assigns and reviews tasks, supports teamwork, provides professional guidance via mentoring, evaluates performance, and recommends employment actions. Interprets and enforces the credit practices, policies and procedures of the Company. Ensures proper internal controls are being followed and administered to safeguard company assets. Provides analysis and feedback on the business and risk profile of new and current customers and recommends credit limits. Obtains financial statements from customers, credit information from external credit agencies, and prepares necessary documentation for internal management review. Resolves orders on credit hold; evaluates account for past due or credit limit standing, contacts customer to arrange payment, and appropriately acts upon status of pending orders. Engages in pro-active collections of Company’s receivables given payment terms, cash flow needs, and the risk profile of the customer. Manages and performs the recording of customer payments: posts cash receipts daily, prepares EFT collection, reviews and settles credit card payments and posts receipts. Manages and performs customer account reconciliations; analyzes and approves debit/credit adjustments, prepares recurring invoices and issues AP requests for customer refunds. Oversees aging of customer accounts. Reviews accounts receivable reports, unapplied cash reports, assesses payment status, assists in Quarterly review of Provision of Bad Debt Reserve, and reports aging to external credit agencies. Collaborates with sales organization on customer communications relevant to account payment status. Supports treasury function as signer on all U.S. and Canadian cash accounts. Administrates and authorizes settlement of credit card systems. Serves as point person for all external audit requests for Accounts Receivable and Revenue. Responsible for month end closing of Accounts Receivable module in JDEdwards software for timely monthly reporting. Recommends opportunities for internal and external (customer related) process improvements to gain efficiency within the department.

Requirements

Bachelor’s degree in business with 5+ years related work experience
Strong interpersonal skills to effectively communicate with customers.
Strong planning and organizational skills; attention to detail and ability to multi-task.
Good analytical skills.
Excellent computer skills including knowledge of accounting software, word processing and spreadsheet proficiency.
Good written and verbal communication skills.
Confident in making decisions and recommendations related to customers and credit risk.
Work independently with minimal supervision.

Responsibilities

Manages the daily activities of the Accounts Receivable team; assigns and reviews tasks, supports teamwork, provides professional guidance via mentoring, evaluates performance, and recommends employment actions.
Interprets and enforces the credit practices, policies and procedures of the Company.
Ensures proper internal controls are being followed and administered to safeguard company assets.
Provides analysis and feedback on the business and risk profile of new and current customers and recommends credit limits.
Obtains financial statements from customers, credit information from external credit agencies, and prepares necessary documentation for internal management review.
Resolves orders on credit hold; evaluates account for past due or credit limit standing, contacts customer to arrange payment, and appropriately acts upon status of pending orders.
Engages in pro-active collections of Company’s receivables given payment terms, cash flow needs, and the risk profile of the customer.
Manages and performs the recording of customer payments: posts cash receipts daily, prepares EFT collection, reviews and settles credit card payments and posts receipts.
Manages and performs customer account reconciliations; analyzes and approves debit/credit adjustments, prepares recurring invoices and issues AP requests for customer refunds.
Oversees aging of customer accounts.
Reviews accounts receivable reports, unapplied cash reports, assesses payment status, assists in Quarterly review of Provision of Bad Debt Reserve, and reports aging to external credit agencies.
Collaborates with sales organization on customer communications relevant to account payment status.
Supports treasury function as signer on all U.S. and Canadian cash accounts.
Administrates and authorizes settlement of credit card systems.
Serves as point person for all external audit requests for Accounts Receivable and Revenue.
Responsible for month end closing of Accounts Receivable module in JDEdwards software for timely monthly reporting.
Recommends opportunities for internal and external (customer related) process improvements to gain efficiency within the department.