Accounts Receivable Coordinator

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This range is provided by Vaco by Highspring. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

CA $50,000.00/yr - CA $60,000.00/yr

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Overview

About the Opportunity

• Monitor accounts to identify outstanding balances and follow up on overdue payments
• Reconcile customer accounts and promptly resolve discrepancies
• Process and apply incoming payments accurately to customer accounts
• Maintain precise records of all accounts receivable transactions
• Prepare regular accounts receivable aging reports and escalate issues when necessary
• Build strong working relationships with Sales and operations teams, as well as the accounting and finance team to understand the deduction programs and their accounting impacts
• Compile, review, and reconcile trade spend deductions from customer remittances (e.g. discounts, promotion spend, admin fees etc.)
• Understand the pricing model and structure and how to relate that to AR outstanding balance
• Obtain backup from customers portals for all deductions
• Analyse and verify customers debit claims
• Prepare Balance Sheet reconciliation of the AR related accounts
• Work with customers to dispute and obtain repayment for invalid claims
• Liaise with the revenue team to ensure deductions are legitimate
• Prepare and post deduction journal entry adjustments, as required
• Ensure compliance to deduction and rebate programs and monitor for risks and opportunities
• Create and manage deduction reports by customer on aged deductions, and other trade spends
• Responsible for monthly balance sheet reconciliations as outlined by Accounting Manager
• Ad-Hoc duties as assigned

• Post-secondary education in Accounting
• Experience in Accounts Receivable including: cash application, reconciliation of customer accounts, resolving discrepancies, and preparing AR aging reports
• Advanced Excel (pivot tables, VLOOKUPs, Index measures, IF formula)
• Strong assets include: experience with Business Central and/or Microsoft Dynamics, experience with rebates and/or deductions, and experience performing collections from big box stores such as:
  Loblaws, Costco, Walmart etc.

• Associate

• Full-time

• Accounting/Auditing
• Industries:
  Accounting