Accounts Receivable Financial Operations Specialist

3 weeks ago


Toronto, Ontario, Canada Vaco Full time
Job Summary

Vaco is seeking a highly skilled Accounts Receivable Financial Operations Specialist to join our team. As a key member of our financial operations department, you will be responsible for ensuring the timely and accurate processing of incoming payments, maintaining accurate transaction records, and providing recommendations on credit limits for new and existing customers.

About the Role

This role involves working closely with internal teams (sales, finance, operations) and external customers to facilitate smooth accounts receivable process. You will be responsible for addressing customer inquiries and disputes regarding billing or payments in a timely and efficient manner, ensuring a high level of customer service.

Main Responsibilities
  • Maintain accurate and up-to-date records of all accounts receivable transactions.
  • Document payments, credits, adjustments, and any communication with customers regarding their accounts.
  • Assess the creditworthiness of new and existing customers by reviewing financial documents, payment history, and credit reports.
  • Provide recommendations for credit limits in accordance with company policies and risk management guidelines.
  • Enforce credit limits established, and amend limits based on credit experience.
  • Monitor customer account details for non-payments, delayed payments, and other regularities, taking timely and appropriate action to resolve such issues.
  • Initiate and manage collections efforts on overdue accounts, including sending reminders, coordinating with the AR Credit & Collections Supervisor, and negotiating payment plans where necessary.
Requirements

To succeed in this role, you will need:

  • 5+ years full cycle AR experience, including handling collections.
  • Experience with handling credit applications, pulling reports, trade references, and bank references.
  • Advanced Excel skills, including pivot tables and lookups.
What We Offer

We offer a competitive salary range of $65,000 - $85,000 per year, depending on experience, as well as opportunities for professional growth and development. If you are a motivated and detail-oriented individual who is passionate about delivering exceptional results, we encourage you to apply.



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