Accounts Receivable Associate

4 days ago

Toronto, Canada LG Electronics Canada Full time

The Accounts Receivable Associate is responsible for the collection, order releasing and reconciliation of active portfolio accounts.

The Associate ensures that LG receives prompt payments while adhering to established credit limits and overall adherence to credit policies and procedure.

**PRINCIPAL RESPONSIBILITIES**:
Order Approval
- Regularly review and release held orders for assigned accounts. Contact dealers to investigate and resolve issues on accounts
- Notify Sales Representative on matters related to past-due invoices

Collections
- Regularly review aged trial balance to determine customers that have past-due invoices and contact them for payment status. Determine if payment has been sent and if not, negotiate the quickest possible payment of past-due account. Recommend legal action or termination of service where payment is not forthcoming
- Call customers who are over the credit limit and negotiate a pay-down of their outstanding balances.
- Escalate instances of delinquent accounts to A/R Manager and recommend action

Account Reconciliation
- Identify, review and resolve any disputed items for assigned customers.
- Review all confirmed credit notes for customers and offset them against invoices based on customers’ written authorization.

Daily Account Maintenance
- Complete regular offset report to reconcile past due invoices perform offset in Global ERP system
- Inquiries
- Respond to all requests for information from customers including sending monthly statements, copies of invoices or credit notes as needed.
- Communicate discrepancies to management team

Other Duties
- Assist the A/R manager with special projects as required.
- Understand the business practice in order to assist the manager on team issues.

**KNOWLEDGE, SKILLS AND ABILITIES**:

- Bachelor's Degree or equivalent work experience
- 3 - 5 years of Accounts Receivable experience
- Basic knowledge of Accounts Receivable function
- Intermediate computer skills, Excel, Word and PowerPoint
- Must have strong mathematical skills
- Excellent verbal and written communication skills in English (French is an asset).
- Ability to handle high volumes with mínimal supervision
- Highly motivated, goal-oriented individual who has an ability to prioritize and manage expectations
- High level of accuracy, efficiency and accountability

**Note**: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization.

The organization offers an attractive compensation package that encompasses a competitive salary and excellent benefits.

**Conditions of Employment**:
**Equal Opportunity Employer**:

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