Bosma Jobs

TheAccounts Receivable Analyst, is responsible for the complete accounts receivable cycle accounting process for multiple business units of MPP. Leads the daily analysis of cash receipts from customers and application against outstanding accounts receivable balances as well as investigation of any variances or anomalies within the pattern of cash collections from customers. Proactively works with Sales departments of each business unit to facilitate the collection of outstanding receivable balances including direct customer contact and collections. Provides and updates analysis on customer credit profiles in accordance with the credit policy, and monitors customer accounts to identify activity that may require consideration for reserve. Coordinates with the business units to maintain accurate customer master records and serves as the primary contact related to customer and accounts receivable inquiries. Prepares reconciliations and contributes to the month end process including performing analysis, accruals and preparing journal entries with supporting documentation. Works cooperatively within a team environment to achieve goals.

Specific Duties and Responsibilities

*Reviews and analyzes cash receipts to determine the appropriate application to open customer accounts receivable using judgement and interpretation of accompanying documentation

*Follows up on cash applications that do not fully clear invoiced accounts receivable and resolves the variances by working with business unit sales department and customer contacts.

*Monitors credit memos, debit memos and customer account adjustments for appropriate application of coding and accounting policy consistent with Generally Accepted Accounting Principles (GAAP).

*Processing of manual checks and miscellaneous cash receipts.

*Communicates changes in customer master data received through interactions with customers to the master data group for updates.

*Works collaboratively with the sales function to identify errors and irregularities in the customer master of a complex ERP system impacting the accounts receivable and revenue cycle and recommend solutions within the system to resolve the errors and irregularities.

*Manage the development, application and enforcement of accounts receivable and customer credit policies. This includes but is not limited to completing and updating of customer credit analyses, managing the approvals of changes in customer terms, releases of customer orders on hold, and other related activities critical to the accurate recording of revenue and accounts receivable transactions.

*Resolve questions and inquiries from internal and external customers, auditors and management in a positive and complete manner.

*Provide direction to corporate and plant level customer service representatives for correct processing of invoices, credit memos, debit memos and revenue related adjustments.

*Educate personnel on the application and interpretation of customer and credit policies, processes and requirements to manage an efficient and controlled accounts receivable and revenue cycle process.

*Prepare documentation for internal and external auditors on accounts receivable, revenue, controls and other general accounting matters.

*Works collaboratively with business unit sales and management teams to manage delinquent customer payments including direct communication with customers to resolve documentation and payment issues, negotiating payment terms for delinquent customers, identifying accounts requiring collection agency or legal action, coordinating collection efforts with third party contractors, and maintaining documentation required to ensure timely payment.

*Maintains current risk profile of customers with balances and factors current credit reporting and recent activity into credit analysis for bad debt allowance analysis.

*Maintain accounting and analysis within revenue related areas of accounting includi g revenue recognition analysis, quality claims accruals, customer rebates, provision for bad debt and other areas that may be assigned.

*Perform other duties as assigned by immediate supervisor or upper management.

Education, Experience and Training

• Bachelors Degree in Accounting preferred
• 3 to 5 years of accounting experience with the ability to analyze financial transactions is preferred
• Proven track record for improving process efficiencies and solving problems
• Experience with Enterprise Resource Planning (ERP) software, general ledger, and financial reporting systems is required
• Experience with Lockbox receipt administration preferred
• Basic proficiency in Microsoft Word/Office Suite is required
• Intermediate to advanced Excel proficiency is preferred
• Comfort with reading legal contracts
• Successful in dealing with customer and company personnel at all levels

Working Environment and Conditions

• The employee is occasionally required to stand, walk, sit, and reach with hands and arms.
• Non-regular work hours may berequired.
• The employee must occasionally lift and/or move up to 25pounds.
• This position requires working in an office environment.