Senior Accounts Receivable, Credit & Collections Analyst
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Job Location:
Buffalo, WY - USA
Monthly Salary:
$ 54315 - 73485
Posted on:
Yesterday
Vacancies:
1 Vacancy
Job Summary
Richs also known as Rich Products Corporation is a family-owned food company dedicated to inspiring possibilities. From cakes and icings to pizza appetizers and specialty toppings our products are used in homes restaurants and bakeries around the world. Beyond great food our customers also gain insights to help them stay competitive no matter their size. Our portfolio includes creative solutions geared at helping food industry professionals compete in foodservice retail in-store bakery deli and prepared foods among others. Working in 100 locations globally with annual sales exceeding $4billion Richs is a global leader with a focus on everything that family makes possible. RichsInfinite Possibilities. One Family.
Purpose Statement
Responsible for managing global processes related to assigning/monitoring credit risk for customers ensuring the timely and effective collection of accounts receivable and accurately applying customer payments. The emphasis of this role will be placed on Credit Decisioning and Analysis responsibilities. This role demands a combination of strong analytical skills excellent communication abilities and a customer-focused approach. Working closely with the Enterprise Service Organization to develop simple standard and global processes are strategic priorities expected from this position.
Key Accountabilities and Outcomes
Credit (30%) and Collections (30%)
- Assign and monitor credit risk on new and existing key customers including reviewing country risk on international customers
- Resolve outstanding aged items that have been escalated from ESO
- Monitor Key Customers balances
- Seek out financial detail to analyze assigned portfolio for financial risk
- Provide strong financial analysis of customers financial data
- Experienced at researching complex issues across functional areas to resolve the aged item
- System expert for Collections (FSM) system and team administrator
- Administer system for Credit Master changes and Collections (FSM) updates.
- Collect analyze and monitor credit intelligence including taking appropriate action when required.
- Management of international export accounts and jvs. including alignment of credit terms with incoterms
- Develop positive working relationships with internal & external customers including ESO RPC inter-company contacts JVs freight-forwarders and banks
- Review and release orders for key customers and international division customers (may be required outside normal business hours)
- Identify resolve and document issues on customers accounts
- Manage negotiable payment instruments
- Develop a strong working relationship with the ESO
- Project team leader for internal team projects
Accounts Receivable Process Management (30%)
- Evaluate define and monitor team accountabilities and productivity metrics reporting back to management. Leverage automated reporting capabilities from High Radius CAA and SAP Receivables Management Disputes. Prepare provide analysis and distribute related reports
- Lead team effort to drive continuous improvement and optimization of auto-cash hit rate
- Monitor and manage High Radius errors to continuously drive efficiencies
- Monitor overall customer account aging for open line items falling under the responsibility of the Accounts Receivable & Invoicing associates.
- Evaluate and implement accounts receivable-related banking processes and interfaces to improve efficiency.
- Assess consolidation opportunities and analyze future need for all corporate lockboxes defining impact to A/R and customers (internal & external) and work with bank to implement changes. Assume primary banking liaison responsibility.
- Supporting the accounting department with all aspects of the general ledger including compliance and process controls
- Direct month-end close process for Accounts Receivable
- Perform Monthly Analysis of specific General Ledgers and ensuring accuracy of postings & clearings
- Monthly Bank Reconciliations for all lockbox accounts.
- Evaluate develop and provide oversight of cash handling and reconciliation process for DSD businesses.
- Approve team requests for reimbursements to customers of credit balances (within approval limit)
All other duties and responsibilities as assigned (10%)
- Lead team meetings and provide daily back-up as needed in the absence of the Manager.
- Meet weekly with team member and resolve Accounts Receivables & Collections Dispute Questions
Knowledge Skills and Experience
Ability to provide leadership guidance and support to Accounts Receivable & Invoicing Teams
Knowledge of all modules of SAP High Radius and Microsoft Office.
Understanding of intermediate accounting principles
Demonstrated knowledge of negotiable payment instruments relating to international sales/banking
Demonstrated ability to research analyze and resolve problems
Professional designation (as recognized by NACM) a plus or commitment to obtain in a reasonable time
Ability to multi-task
Bachelors degree in a business-related field such as finance or accounting and 5 years of related experience with an emphasis on Credit lieu of a degree extensive experience in credit will be considered.
A professional designation such as a CPA will be considered in lieu of years of experience.
Good communication skills (both verbal and written)
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COMPENSATION
In accordance with state law the rate or range provided is Rich Products Corporation its subsidiaries and affiliates (Richs) reasonable estimate of the base compensation for this role. The actual amount may be higher or lower based on non-discriminatory factors such as experience knowledge skills abilities shift differential and location.
Annual Range/Hourly Rate
$54315.00-$73485.00
Rich Products Corporation its subsidiaries and affiliates (Richs) are committed to a policy of Equal Employment Opportunity standing up for fairness and maintaining a culture of belonging to provide an exceptional experience for all. We will not discriminate against an applicant or employee on the basis of race color religion sex national origin disability military or veteran status or any other Federal or State legally protected classes. The information collected by this application is solely to determine suitability for employment verify identity and maintain employment statistics on applicants.
Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on Richs. Please contact Richs Associate Experience Network at if you need assistance completing this application or to otherwise participate in the application process.
Required Experience:
Senior IC
Key Skills
- Financial Statement Preparation
- Credit Analysis
- Cash Flow Analysis
- Math
- Banking
- Analysis Skills
- UCC Law
- Underwriting
- Financial Analysis
- Financial Modeling
- Financial Report Interpretation
- Word Processing
