Accounts Receivable Specialist - Billing, Deductions and Cash Application
About The Position
Do you love snacks? Are you looking to join an ever evolving and rapidly growing team? PIM Brands might just be exactly what you’re looking for! At PIM, We Make The Brands You Love®. Our portfolio of products, from Welch’s® Fruit Snacks to Sun-Maid® Chocolate Raisins and Sour Jacks® Sour Candies are enjoyed by millions of consumers every day. And when it comes to careers, we seek talented, results-oriented individuals who want to play a part in building amazing brands and products while working in a collaborative, dynamic, and fast-paced office environment. At PIM, you can make an immediate and lasting contribution to help grow iconic snack and confectionery brands, no matter your area of expertise. We are looking for an Accounts Receivable Specialist - Billing, Deductions and Cash Application professional interested in a career with a top ranked and growing snack company, to join our Finance department at PIM’s Headquarters in Park Ridge, New Jersey. This position will report to our Accounts Receivable, Manager. Overview: The Accounts Receivable Specialist - Billing, Deductions and Cash Application specialist is responsible for providing accurate and timely invoice billing, cash application and deduction resolution efforts to support the objectives of the company. This role is critical to improving in the Company’s cash flow and supporting our continued growth. This specialist will serve as a business partner to the Sales and Finance organization, offering collaboration and results. This role will offer you professional growth and support in your career. Job Description: The specialist has responsibility for the daily administration of invoice billing, applying cash receipts, and resolving deductions.
Requirements
- Requires a minimum of 3 years of Accounts Receivable experience
- Proficient in Excel including pivot tables and V-lookups
- Excellent interpersonal skills, good communication skills, flexibility and a willingness to learn new things
- Proficient computer, organizational, analytical, problem-solving skills and attention to detail
- Demonstrated ability to handle confidential information in a professional manner
- Must be able to perform successfully in a fast-paced, service-oriented environment and to interpret rules and guidelines to enhance the business and in keeping with PIMs values and culture
Nice To Haves
- Bachelor’s degree in finance, accounting or a related field is preferred
- Experience working with major CPG (Consumer Package Goods) retailer or company is preferred
- Experience with High Radius/Telus/SAP is preferred
Responsibilities
- Attaching documentation in the SAP system, retrieving supporting documentation if deduction is unidentifiable.
- Review EDI reports and assure all EDI invoices were transmitted.
- Review and apply daily cash payments (check, ACH, WT, etc.) against open receivables
- Attach remittances and all backup provided in Telus/SAP to meet Dept and Audit standards
- Navigate customer websites and other resources to access the documentation needed and attach to Telus/SAP
- Reducing the open AR balance by efficiently managing account portfolio.
- Customer collection calls and re-transmission of invoices based on past due balances
- Researching, analyzing and reconciling all trade deductions.
- Running sales analysis to identify Items sold to respective customer.
- Validating Promotions in Telus, confirming all parameters are met and approvals issued.
- Accurately and efficiently reconciling trade and non-trade deductions in Telus.
- Submitting disputes for all unauthorized deductions within customer’s dispute window.
- Implementing cross-departmental solutions to combat root causes with sales and operations.
- Maintaining detailed notes as well as updating workflow and root causes in Telus on all open items on their customer portfolio.
- Assessing the first action needed as soon as deductions are generated.
- Assisting in special projects as needed.
- Ensures daily and month end reports are completed and accurate and maintains thorough well organized accounts receivable files
- Provide recommended solutions and assist with process flow supporting a longer-term vision
- Meets or exceeds targeted collection metrics, reducing open aging, bad debt reserve and other quantitative targets
Benefits
- Total compensation package including bonus, 401(k) plan match and other incentives (based on eligibility and position)
- Comprehensive benefits package - EFFECTIVE DAY 1, Including medical, dental, vision, disability, insurance plans and much more
- Diverse range of benefit choices tailored to support you in making optimal decisions for yourself, your loved ones, and your preferred way of life
- Personal time off, vacation time, floating days and observed holidays
- Business casual dress
- Entrepreneurial and innovative culture offering the opportunity for internal career advancement
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
