Job Category:
Finance
Job Family:
Financial Services
Job Description:
The Accounts Receivable Analyst is responsible for the execution of Schreiber Foods MEX and/or international credit and collection policies in order to safeguard company assets, ensure timely collections, and enhance company results.
What you’ll do:
- Understand global credit policies and procedures to safeguard accounts receivable.
- Assess credit risk of new US and/or international customers through collection and review/ analysis of the customer credit application, credit reports, financial statements or ratios, internet research and other relevant sources of data. For international customers, will also need to consider country and political risk, international trade laws, knowledge of international payment methods and business practices including letters of credit, knowledge of cultural differences, etc. Establish credit terms and limits based on risk assessment in conformance with company guidelines and any legal requirements, giving consideration to any hedge positions to be taken for the customer. Ensure appropriate customer set-up, including completion of any necessary restricted party screening.
- Continually assess the credit terms and limits for established customers; modify as appropriate.
- Understand defined collection strategies. Monitor outstanding receivables and customer payment trends. Promote the timely collection of accounts receivable through collection actions, including holding/ approving/ rescheduling customer orders as deemed appropriate. Investigate reasons for payment delay and create awareness of potential credit issues, including recommended action to mitigate risk or loss, using targeted communication to appropriate levels within the organization. Pursue improved payment habits/ resolution of credit issues.
- Understand applicable/ target performance metrics, such as improved collection in accordance with established terms, reduction of working capital/ days outstanding, justification for price increases, etc. and use data to drive measurable results.
- Partner with Customer Service claims team to manage deductions including process and policy definition, timely analysis and assistance with deduction resolution. Provide advice regarding appropriate collection approach, suggestions to reduce future deductions and to reduce amount of deductions written off.
- Serve as subject matter expert for credit, A/R and collections systems, including Oracle and Trade Management. Maintain system setups, lead/execute work required related to upgrades, new implementations, and patches, including system testing and improvements.
- Perform credit reviews of new and existing suppliers to ensure financial stability.
- Build and maintain relationships with all levels of internal stakeholders. Advise and educate Sales, Customer Service, Supply Chain and other partners related to risk, extended terms requests, payment issues, improvement opportunities, etc.
- Build and maintain relationships with customer and supplier contacts as appropriate.
- Network with other credit professionals as appropriate.
- Evaluate processes on an ongoing basis. Research and recommend best practices or other opportunities to drive improvements, reduce risk, etc.
- Complete other Credit responsibilities and projects including credit references, ad hoc reporting and analysis, etc.
- Represent Credit on cross-functional teams and support Company initiatives.
What you need to succeed:
- Bachelor degree in Accounting, Finance, Business Administration or related field
- 2+ years of experience in Finance or related field
- English Advanced (B2 - C1)
- Understand global credit policies and procedures to safeguard accounts receivable
- Corporate credit and collections experience is beneficial
- Strong communication with strong analytical and negotiation skills
- Internal Partners completed two years in current position
- Ability to travel up to 5% (within the US)
