Accounts Receivable

Magna International

5d•$52,000

About The Position

What we offer: At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are. Group Summary: Magna is an innovative leader in the development and manufacturing of high quality complete seating systems. Our solution includes seating structures, mechanisms and hardware, as well as foam and trim products for global automotive, heavy truck and bus industries. Our capabilities include market and consumer research; full concept development; design and engineering capabilities; testing, validation and world-class manufacturing. Our award-winning seating solutions are developed from consumer research, finding the ease of operation to be comfortable, convenient and connected. Job Responsibilities: General: Immediate, open position Starting at $52,000 Daily Accounts Receivable Processing: Review and post daily customer payments in SAP. Verify accuracy of daily customer invoicing. Investigate and analyze payment receipt discrepancies and determines the appropriate actions required to resolve issues Issue Customer Debit and Credit notes with applicable documentation and ensure appropriate approval is obtained Issue manual invoicing for non-production sales and perform all necessary administrative processes on a as needed basis Maintain tracking and ensure appropriate internal approvals for customer quality charge-back and deductions Review and maintain AR aging and perform collection activities, as required Support the weekly cashflow forecasting by providing the Assistant Controller with analysis and customer payment receipt scheduling expectation Review and monitor banking and lockbox activity and redirect information to relevant accounting function Contract Review of customer price changes and retro calculations and corresponding debit/credit memos Maintain filing system for all debit and credit memos Maintain warranty binder Prepare and perform bank deposits, as required Daily Accounts Payable Processing: Assisting in the following job functions: Enter production and non-production supplier invoices Code expenses and cross reference freight bills Check accuracy of invoice calculation, assign account numbers for General Ledger, distribute and investigate all discrepancies / variances Acquire approval signatures from specific Departmental Managers according to predetermined criteria Ensure all invoices are approved by appropriate person before payment is processed Ensure time sensitive payables are paid by the appropriate due dates to avoid late payment penalties Verify expense reports, coding to correct accounts Prepare cheques, wires and EFT for payments Maintain accurate sub-ledger of Accounts Payable liability Maintain supplier debit log Respond to supplier Accounts Payable inquiries and reconcile supplier statements Match invoices to PO’s, receiving slips and/ or packing slips before entry of non-production invoices Enter Debit and Credit memos in SAP Complete and maintain payment registers Maintain filing system for all paid and unpaid invoices Archive paid invoices on an annual basis Check all statements for cleared debit memos and update log Obtain vendor statements on a monthly basis Vendor reconciliations for top 80% to be completed at month end Verify expense reports, coding to correct accounts for billing to other divisions Perform miscellaneous other accounting functions as requested by the Assistant Controller or Controller Month-end responsibilities: Perform month-end reconciliation of all accounts receivable balances, both external and intercompany Ensure and enforce appropriate sales cutoff as part of month-end processes. This involves resolving any out of sequence shipments and zero-dollar invoice investigation with materials/shipping department. Ensure month-end reconciliation documentation is completed in time for review Financial reporting pertaining to all accounts receivable balances A/R General Responsibilities: Ensure, with cooperation of other Cam-Slide departments Ensure enforcement of Customer Specific Requirements and Quality Management System without compromising either Cam-Slide or its’ customers Initiate and/or participate in continuous improvement activities Attend authorized training in order to develop and/or maintain relevant job-related knowledge, techniques, skills, and/or certification Follow all department standardized work instructions/procedures Other reasonable duties required by the Assistant Controller or Controller

Requirements

Completion of post-secondary education.
1-5 years’ experience in accounting with focus in Accounts Receivable
Experience with an integrated ERP system environment is essential
Proficient with Excel and MSOffice software tools
Demonstrates strong attention to detail and excellent organizational skills
Demonstrates well developed communication, organizational, interpersonal and analytical abilities
Demonstrates ability to work independently with minimal supervision

Nice To Haves

SAP and Automotive Industry experience is strongly considered an asset

Responsibilities

Review and post daily customer payments in SAP.
Verify accuracy of daily customer invoicing.
Investigate and analyze payment receipt discrepancies and determines the appropriate actions required to resolve issues
Issue Customer Debit and Credit notes with applicable documentation and ensure appropriate approval is obtained
Issue manual invoicing for non-production sales and perform all necessary administrative processes on a as needed basis
Maintain tracking and ensure appropriate internal approvals for customer quality charge-back and deductions
Review and maintain AR aging and perform collection activities, as required
Support the weekly cashflow forecasting by providing the Assistant Controller with analysis and customer payment receipt scheduling expectation
Review and monitor banking and lockbox activity and redirect information to relevant accounting function
Contract Review of customer price changes and retro calculations and corresponding debit/credit memos
Maintain filing system for all debit and credit memos
Maintain warranty binder
Prepare and perform bank deposits, as required
Enter production and non-production supplier invoices
Code expenses and cross reference freight bills
Check accuracy of invoice calculation, assign account numbers for General Ledger, distribute and investigate all discrepancies / variances
Acquire approval signatures from specific Departmental Managers according to predetermined criteria
Ensure all invoices are approved by appropriate person before payment is processed
Ensure time sensitive payables are paid by the appropriate due dates to avoid late payment penalties
Verify expense reports, coding to correct accounts
Prepare cheques, wires and EFT for payments
Maintain accurate sub-ledger of Accounts Payable liability
Maintain supplier debit log
Respond to supplier Accounts Payable inquiries and reconcile supplier statements
Match invoices to PO’s, receiving slips and/ or packing slips before entry of non-production invoices
Enter Debit and Credit memos in SAP
Complete and maintain payment registers
Maintain filing system for all paid and unpaid invoices
Archive paid invoices on an annual basis
Check all statements for cleared debit memos and update log
Obtain vendor statements on a monthly basis
Vendor reconciliations for top 80% to be completed at month end
Verify expense reports, coding to correct accounts for billing to other divisions
Perform miscellaneous other accounting functions as requested by the Assistant Controller or Controller
Perform month-end reconciliation of all accounts receivable balances, both external and intercompany
Ensure and enforce appropriate sales cutoff as part of month-end processes. This involves resolving any out of sequence shipments and zero-dollar invoice investigation with materials/shipping department.
Ensure month-end reconciliation documentation is completed in time for review
Financial reporting pertaining to all accounts receivable balances
Ensure, with cooperation of other Cam-Slide departments
Ensure enforcement of Customer Specific Requirements and Quality Management System without compromising either Cam-Slide or its’ customers
Initiate and/or participate in continuous improvement activities
Attend authorized training in order to develop and/or maintain relevant job-related knowledge, techniques, skills, and/or certification
Follow all department standardized work instructions/procedures
Other reasonable duties required by the Assistant Controller or Controller