Financial Analyst
Reporting to and supporting the Controller and team of four, the Accounting Associate is responsible for the day to day accounting and financial reporting.
Specific Responsibilities:
- Manage the end-to-end Order-to-Cash (O2C) process from invoicing through collection and cash application.
- Ensure timely and accurate customer invoicing, EDI uploads, and invoice distribution.
- Prepare and distribute weekly customer Statements of Account (SOAs).
- Monitor Accounts Receivable aging, overdue accounts, and collection activities to improve cash flow and reduce DSO.
- Resolve billing disputes, deductions, chargebacks, and account discrepancies.
- Perform customer account reconciliations and maintain accurate AR records.
- Review customer credit limits, exposure, payment trends, and credit risk; recommend corrective actions and support month-end and year-end credit reviews.
- Process cash applications, credit notes, rebates, and AR adjustments.
- Prepare monthly Accounts Receivable and sales reconciliations and investigate variances.
- Analyze collectability of customer accounts and support bad debt provisioning and write-off recommendations.
- Prepare daily bank position reports and monthly bank reconciliations.
- Prepare and maintain a rolling 13-week cash flow forecast.
- Support cash management and working capital optimization.
- Collaborate with Sales, Operations, and Supply Chain teams to improve cash flow forecasting and working capital performance.
- Support external audits and ensure compliance with internal control requirements.
- Drive automation, ERP enhancements, and continuous improvement initiatives to increase efficiency, strengthen controls, and improve invoicing, collections, cash application, reconciliations, and reporting.
- Process EFTs and vendor payments (CAD/USD).
- Maintain banking records and resolve payment-related issues.
- Assist the Controller with customer meetings, collection escalations, and other finance-related initiatives.
- Support month-end and year-end close processes, reconciliations, and reporting requirements.
Education Required:
- Bachelor’s degree in Accounting, Finance or Business required
- CPA designation or actively pursuing designation.
Experience required:
- 5-8 years of experience in Finance, Credit, Accounts Receivable, or Working Capital Management.
- Experience in manufacturing, automotive, industrial, or distribution environments preferred.
- ERP experience required; JD Edwards preferred.