KIK Custom Products

  • Manager, Accounts Receivable

    Job Location CA-ON-Concord
    Posted Date 2 months ago(8/7/2018 12:44 PM)
    Job ID
    2018-5469
    # Positions
    1
    Min. Years Exp.
    5
    Division
    KIK Corporate
    Required Education
    Bachelor's Degree
  • Overview

    KIK Custom Products, a $2.4B Global Organization, with 5,000+ employees worldwide, has an exciting opportunity for Accounts Receivable Manager for our corporate head office overseeing five business units.  The successful candidate will be a key member of the Corporate Shared Services Leadership Team which will be responsible for the day-to day operations of the accounts receivable functions. The Manager of Accounts Receivable will train, develop, oversee and supervise a group of Team Leads.  He/she will conduct customers’ credit worthiness analysis to assure timely account collections while enforcing compliance.  The ideal candidate must be driven, extremely detailed oriented, energetic, have experience in high volume accounts manufacturing industry and sound knowledge of all aspects of account receivable.

    Responsibilities

       Managing Team:

    • Overall management of 20+ person AR team, including approximately five direct reports responsible for cash application, billing pricing and data maintenance, collections and deductions
    • Conduct interviews for potential new hires and develop on-boarding plans for those hired
    • Responsible for the team workload assessment and adequate resource planning
    • Create progressive development plans for key members of the team
    • Perform quarterly staff performance evaluation

    Operations:

    • Identify Key Performance Indicators and develop monitoring process to drive departmental efficiencies
    • Perform credit limit reviews using financial analysis and ratios
    • Work in collaboration with other departments on successful integration of newly acquired businesses
    • Work closely with sales teams to resolve customer collections issues, escalating through the organization as appropriate
    • Coordinate and oversee accounting period end activities
    • Develop and update policies and procedures
    • Handles a broad scope of internal processes including daily management of billing, collections, reconciliation general ledger and month-end-closing with a focus on accounts receivable functions
    • Enforce progressive collections to reduce DSO
    • Perform customers’ credit investigations, analyze customers’ financial statements to assign a credit limit minimizing company risk exposure. Periodically review existing credit files to efficiently manage credit limits.

    Reporting and Analysis:

    • Review weekly cash flow forecast
    • Review monthly reconciliation of GL to A/R Sub-ledger, Bad Debt Reserves and various other Key Performance Indicators (KPI)
    • Prepare ad hoc analysis and reports on as needed basis
    • Review and analyze trends for top customers
    • Analyze DS0 to ensure it aligns with company finance objectives

    Qualifications

    • Bachelor Degree in Accounting, or equivalent, preferred
    • Credit Institute of Canada designation is a preference
    • Experience in a Consumer Packaged Goods Manufacturing industry
    • Microsoft Office power user, especially Excel
    • 5+ years Accounts Receivable experience in a manufacturing environment
    • 3+ years of experience with Credit Management, both domestic and foreign, in a manufacturing environment
    • 2+ years of experience with Letters of Credit
    • Strong knowledge of all aspects of Accounts Receivable
    • Discreet with confidential information
    • Able to manage multiple projects with accuracy and efficiency
    • Independent and proactive worker, with ability to multi-task and problem solving
    • Exceptional organizational, interpersonal and communication skills 

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