Jr Analyst, Accounts Receivable & Collections
Jr Analyst, Accounts Receivable & Collections
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Job Description
About Ingredion:
Join Ingredion where innovation impacts lives worldwide! Without even realizing it youve experienced our work in your favorite chocolate your pets food the paper you write on and your everyday snacks. As a global powerhouse across more than 60 industries we harness the potential of natural ingredients to transform lives. Whether youre just starting your career or bringing years of experience theres a place for you here to make a real difference. Be part of our team that values a wide range of perspectives and is committed to shaping a better world with every product we create.
LOCATION: Tulsa OK
WORKPLACE TYPE: Hybrid
Ingredion is hiring a JR Analyst Accounts Receivable & Collections that will perform timely and effective collection activities of past due accounts in order to meet the departmental objectives. In this role you will process investigate and post payment data for US/Canada customers through SAP software against open items on customer accounts as well as provide backup documentation to other Collection Analysts handling the account. This position will report to the Supervisor Collections.
What will you do:
- Perform timely and effective collections of past due accounts to expedite payments from our customers in accordance with the terms of sale granted and within the policies of the company in order to meet the corporate objectives with the goal of reducing our DSO (Days Sales Outstanding) and maximizing profit by keeping slow collections at a minimum.
- Process investigate and post payment data for US/Canada through SAP software against open items on customer accounts.
- Monitor payments for Cash in Advance (CIA) customers and advise the Risk Analyst accordingly.
- Provide backup documentation for customer short payments / over payments to Collection Analyst(s) handling the account.
- Make copies of checks received in house from customers note the customer account (SAP & ACT!) and forward check(s) to the correct US or Canadian lockbox for deposit.
- Maintain files of all wire transfers and lockbox reports for US/Canada which includes ACH & Check payments.
- Special projects as assigned by the Collection Manager.
- Reconcile/investigate overpayments and short payments on customer accounts with internal departments (sales billing customer service plants etc.) to final resolution.
- Provide supporting document information of discrepancies for a quick resolution and ensure the organizational accounting integrity of our customer accounts.
- Ensure individual account integrity through the research and reconciliation of account discrepancies.
- Research and correct any automatic US/Canada lockbox payment misapplications.
- Timely communication with customers and/or Sr. Collection Analyst(s) in regards to cash application issues.
- Input data into the Cash Collection Summary forecast sheets for US/Canada as well as balance Daily Cash and Lockbox Reports.
- Maintain and update the remittance advices received from customers in the Departmental email boxes of US/Canada
- Work with the Risk Management Team to minimizing potential losses due to bad debts.
- Maintain good relations with the Sales personnel and customers when dealing with past due accounts in order to maximize sales minimize potential losses due to bad debt while at the same time strengthening and retaining customers goodwill and business and improve customers payment performances.
- Keep effective communication with Collection Manager and Risk Analyst(s) on collection issues as they arise.
- Advise Corporate Accounting and Treasury of miscoded wire payments.
- Identify and advise Accounting of journal entries required for Canadian non-A/R payments received and to move funds from one company code to another.
- Maintain relationship with Bank of America contacts on lockbox/wire issues for both US and Canada.
- Keep effective communication with Collection Manager on daily cash application
What you will bring:
- College Degree in Business Accounting or equivalent
- 1-3 years experience in collections deduction management and cash application of accounts required.
- Credit designation and experience with SAP an asset.
- Knowledgeable in Canadian currency a plus.
- Understand accounting fundamentals/principals.
- Working knowledge of A/R and collection department operations.
- Proficiency with Microsoft Office Software applications (Excel Word etc).
Who you are:
- Process oriented with attention to detail and follow-up; accurate and proficient data entry skills.
- Strong problem-solving skills with a proven record of initiative.
- Experience establishing and maintaining effective relationships with customers sales professionals and inside support staff.
Why Join Ingredion
Discover why Ingredion is the ideal place to advance your career with our exceptional rewards and benefits package designed to help you thrive. Create the future with us and enjoy:
- Total Rewards Package Competitive salary and performance-based pay recognizing your contributions to our success
- Comprehensive Benefits & Wellness Support Health long-term savings and resources for your physical mental and emotional well-being
- Flexible Work Arrangements We value flexibility to support you both professionally and personally (add/remove depending on role)
- Career Growth Learning training and development opportunities including tuition reimbursement
- Employee Recognition Program A culture of real-time appreciation with personalized recognition rewards globally
- Employee Discount Program Provides exclusive discounts on everyday products services and travel
#LI-BS1
We are an equal opportunity employer and value diversity at our company. Ingredion seeks to provide a work environment that is free from harassment and discrimination. We will not tolerate any form of discrimination based on race color religion age gender gender identity gender expression national origin ancestry handicap or disabilitymental or physicalmarital status sexual orientation veteran status disability resulting from military service or any other classification protected by law (protected classifications). We are committed to establishing and maintaining a work environment where everyone is treated with dignity and respect.
Ingredion provides accommodations to job applicants with disabilities throughout the hiring process. If a job applicant requires an accommodation during the application process or through the selection process we will work with the applicant to meet the job applicants accommodation needs.
Relocation Available:
NoPay Range:
$52800.00-$70400.00 AnnualThis pay range is not a guarantee of compensation or salary. Final base salary will be determined based on several factors which may include but are not limited to responsibilities of the job education experience knowledge skills and abilities as well as internal equity alignment with market data and applicable bargaining agreement (if any).
Incentive Compensation:
As a part of the total compensation package this role may be eligible for the Ingredion Annual Incentive Plan or a role-specific commission/bonus.
Benefits:
Full-time roles are eligible for our comprehensive benefits package which includes medical dental and vision coverage as well as a 401(k) plan with an competitive company match.
Required Experience:
IC
Employment Type
Full-Time
