Senior Accounts Receivable Specialist

Position: Senior Accounts Receivable Specialist- Contract
Our client is a leading manufacturer and distributor of health and beauty products, industrial and household cleaners, over-the-counter medicines, specialty chemicals and animal nutrition products. They are looking for a Senior Accounts Receivable Specialist for a 12 Month contract to help during a busy time. The role is in Mississauga 2 days in office/ work from home for balance

The Senior Accounts Receivable Specialist is responsible for all accounts receivable activities including collections for all domestic and export customers, identifying and addressing issues, maintaining strong cash flow through timely and efficient collections, mitigating financial risk & ensuring compliance with departmental policies and procedures.

Key Responsibilities:

- Oversee all collection activities, ensuring compliance with departmental policies and procedures while facilitating effective dispute resolution.
- Monitor accounts receivable performance to identify trends, risks, and issues. Report findings to the Financial Services Manager and recommend corrective actions as needed.
- Determine and implement appropriate actions to address compliance issues, delinquent accounts, and customer repayments.
- Manage the daily cash application process to ensure timely and accurate allocation of payments.
- Conduct customer credit risk assessments and recommend provisions for the allowance for doubtful accounts.
- Manage new customer credit approvals and account setup, including credit limit administration. Recommend credit limit increases, decreases, or suspension of credit privileges in accordance with established guidelines.
- Oversee uncleared deductions and facilitate monthly review meetings with ASM (Broker) Representatives and/or Supervisors to address outstanding issues and ensure timely resolution.
- Monitor customer repayments and approve account write-offs within established authorization limits.
- Identify opportunities for process improvement, develop and maintain standard operating procedures and departmental policies, and implement approved efficiency initiatives.
- Prepare, analyze, and distribute various accounts receivable and credit-related reports.
- Prepare weekly cash flow forecasts and monthly accounts receivable reports to support working capital management objectives.
- Mitigate company credit risk through effective internal controls and processes, ensuring compliance with SOX requirements.
- Lead and manage special projects, ensuring successful execution and alignment with organizational objectives.
- Complete month-end activities, including journal entries, balance sheet reconciliations, and financial reporting as required.

Qualifications:

- Strong knowledge of credit, collections, and accounts receivable processes and best practices.

- ** Deductions and cash apps experience needed*
* - Working knowledge of Canadian bankruptcy regulations and collection laws.

- Solid understanding of financial accounting principles related to accounts receivable, sales, deductions, and cash management.

- Strong analytical, research, problem-solving, and conflict resolution skills, with the ability to develop mutually beneficial solutions.

- Excellent verbal and written communication, organizational, and negotiation skills.

- Demonstrated leadership, collaboration, and interpersonal abilities.

- Advanced proficiency in Microsoft Office applications, particularly Excel and Word.

- Experience with SAP or similar ERP systems is considered an asset.

Education & Experience

- Post-secondary education in Finance, Accounting, or a related field.

- CPG or similar preferred

- 5 years of progressive experience in credit and collections, preferably within the consumer packaged goods (CPG) industry.

- Customer service experience is considered an asset.

TMGCT