Finance Associate - Accounts Receivable
About Midea America Canada Corporation (MACC):
Midea America Canada Corporation (MACC) is a Global leader in home appliances manufacturing, dedicated to improving the lives of consumers through innovative, high-quality products.
At MACC, we pride ourselves on fostering creativity and excellence in every aspect of our work.
Overview
We are seeking a qualified, motivated individual to join our company as Accounts Receivable Analyst. As part of Finance team, this person will be responsible for managing and maintaining a healthy accounts receivable portfolio reporting to AR Manager.
Responsibilities include but are not limited to preparing and reviewing AR aging, ensuring timely collections, applying customer payments to invoices, investigating, and resolving customer deductions, invoice presentation and reconciling AR accounts with customers. Our preferred candidate has a bachelor’s degree in business, science, or related field and is proficient in MS Excel. Candidate must have at least two years of experience in accounts receivable environment.
Duties and Responsibilities
- Daily review of AR aging reports to identify past due invoices requiring immediate follow-up
- Weekly and monthly review of collection metrics to track progress and achieve company’s goals
- Timely payment application and deductions validation and clearing
- Resolve customer disputes and short payments
- Ensure consistent follow-up through to resolution for all outstanding invoices and invalid deductions
- Perform account reconciliations. Recover funds related to invalid deductions
- Monitor system status of sales transaction and ensure sales transactions are closed in a timely manner. Investigate exception and work with operation team or product division to close pending items.
- Cooperate with Finance Shared Service Center (“FSSC”) to manage the process of invoice circulation and presentation. Ensure efficient and timely invoicing.
- Reconcile accounts receivable with customer.
- Analyze AR aging, identify root cause of aged items and take initiative to ensure timely collection.
- Criticize ongoing process and take initiative to make continuous improvement.
- Provide credit risk assessment to sales and operations to enable business decisions.
- Facilitating monthly financial and management reports. Investigating and resolving any irregularities
- Partner with Sales and Operation teams to investigate and resolve customer issues
- Manage and maintain records of business terms of each customer. Ensure customer profile on system is up to date and accurate
Key Skills and Competencies
- Advanced MS Excel skills, including PivotTables, XLOOKUP/VLOOKUP, SUMIFS, data reconciliation, and financial reporting.
- Experience with collections, cash application, deductions, or account reconciliation (must)
- Proactive, details oriented, and results driven
- Capable of multi-tasking and managing stakeholder’s expectations
- Excellent time management skills and ability to prioritize tasks
- Excellent verbal and written communication skills
- Ability to work well independently and as a member of the team
- Relationship building and management with both internal and external contacts
Education and Experience
- Bachelor’s degree in business, Finance, Science, Accounting or related field.
- At least two years of experience in accounts receivable and other accounting areas.
- Previous experience in the business of international trading or retailing is preferred
The expected base salary range for this role is CAD $50,000 – $60,000 per year .Final compensation will be based on a variety of factors, including experience, skills, and qualifications relevant to the position. This job posting represents a current opportunity within the company.
Midea America (Canada) Corp. is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
