Accounts Receivable Coordinator

Vaco by Highspring; Richmond Hill; On-site; CAD 50,000 - 60,000; Full time

Job summary

A recruitment services company is seeking a Senior Associate, Recruitment Services, based in Richmond Hill, Canada. The ideal candidate will have a strong background in Accounts Receivable, including cash applications and account reconciliations. This full-time role offers an annual salary range of CA$50,000.00 - CA$60,000.00. Candidates with advanced Excel skills and experience in collections from large retailers are preferred.

Qualifications

• Experience in cash application and reconciliation of customer accounts.
• Ability to resolve discrepancies and prepare accounts receivable aging reports.
• Experience performing collections from major retailers.

Responsibilities

• Monitor accounts to identify outstanding balances and follow up on overdue payments.
• Reconcile customer accounts and resolve discrepancies.
• Prepare regular accounts receivable aging reports.

Skills

Accounts Receivable experience

Advanced Excel

Experience with Business Central

Strong problem-solving skills

Education

Post-secondary education in Accounting

Tools

Microsoft Dynamics

Job description

Get AI-powered advice on this job and more exclusive features.

This range is provided by Vaco by Highspring. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

CA$50,000.00/yr - CA$60,000.00/yr

Direct message the job poster from Vaco by Highspring

Senior Associate, Recruitment Services at Vaco

Overview

About the Opportunity

Responsibilities

• Monitor accounts to identify outstanding balances and follow up on overdue payments
• Reconcile customer accounts and promptly resolve discrepancies
• Process and apply incoming payments accurately to customer accounts
• Maintain precise records of all accounts receivable transactions
• Prepare regular accounts receivable aging reports and escalate issues when necessary
• Build strong working relationships with Sales and operations teams, as well as the accounting and finance team to understand the deduction programs and their accounting impacts
• Compile, review, and reconcile trade spend deductions from customer remittances (e.g. discounts, promotion spend, admin fees etc.)
• Understand the pricing model and structure and how to relate that to AR outstanding balance
• Obtain backup from customers portals for all deductions
• Analyse and verify customers debit claims
• Prepare Balance Sheet reconciliation of the AR related accounts
• Work with customers to dispute and obtain repayment for invalid claims
• Liaise with the revenue team to ensure deductions are legitimate
• Prepare and post deduction journal entry adjustments, as required
• Ensure compliance to deduction and rebate programs and monitor for risks and opportunities
• Create and manage deduction reports by customer on aged deductions, and other trade spends
• Responsible for monthly balance sheet reconciliations as outlined by Accounting Manager
• Ad-Hoc duties as assigned

Qualifications

• Post-secondary education in Accounting
• Experience in Accounts Receivable including: cash application, reconciliation of customer accounts, resolving discrepancies, and preparing AR aging reports
• Advanced Excel (pivot tables, VLOOKUPs, Index measures, IF formula)
• Strong assets include: experience with Business Central and/or Microsoft Dynamics, experience with rebates and/or deductions, and experience performing collections from big box stores such as: Loblaws, Costco, Walmart etc.

Seniority level

• Associate

Employment type

• Full-time

Job function

• Accounting/Auditing
• Industries: Accounting