Job Description:
Job Purpose
Reporting to MEA O2C manager and part of SSC organization. Role will be responsible for managing cash application for unit periodical collections. This role helps deliver accurate Aging/Collections reports. Role is critical to the business as its main responsibility reflects real life time of AR picture to help in driving cash target, DSO and O2C KPIs. Role has good knowledge of the processes, tools and applications. Role is able to find solutions on their own in non-standard cases. Associates identify areas for improvements and implement changes.
Key Responsibilities
1. Shared Services Performance
• Ensuring timely cash application by downloading daily bank statements, Post and apply unapplied payments, contact customer and resolve unapplied/unidentified payment issues.
• Communicate with internal and external customers in an effective and efficient manner.
• Dispute / deductions management - Determination and creation of disputes; resolution of unearned payment discounts.
• Periodic/Weekly reconciliation with customers to resolve all outstanding issue.
• Responsible to manage period close tasks related to AR and month end reporting such AR aging and bad debts.
• Collaborates with Sales and Customer Service Teams to ensure aligned Cash objectives. Also work with Distributors to ensure Payment Terms adherence • Partner with Supply chain team to contract on shipments phasing and communicate the weekly tracker to all stakeholders
2. Continuous Improvement
• Report and Analyze A/R aging, by monthly/daily AR GL reconciliations and ensure timely submission AR related Balance sheet accounts reconciliation through Blackline.
• Timely and accurate processing – take ownership and initiative until transaction is successfully and accurately processed.
• Monthly reconciliation of statement of accounts with the sales team & ensuring all accounts are up to date and maintained.
• Keep the procedures up to date, feedback any changes to Service offering to line manager
• Identifies areas for improvement within the O2C area, apply synergies and standardization
• Balance Sheet reconciliation on periodic basis by providing, communicating BS Backups to S&F Stakeholders.
3.Governance & Internal Controls
• Monthly reconciliation of statement of accounts with the sales team & ensuring all accounts are up to date and maintained.
• Reconciling and balancing accounts at period end (Blackline) including submission of the data.
• Establish and maintain a control environment for the processes represented by MFS.
• Follow the accounting practices as described in Mars Finance Manual.
Qualifications
1. Education (Minimum Needed): B.A. /B.S. with Accounting or similar concentration
2. Experience (Minimum Needed): 0-2 years
Mars is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. If you need assistance or an accommodation during the application process because of a disability, it is available upon request. The company is pleased to provide such assistance, and no applicant will be penalized as a result of such a request.