Credit & Collections Specialist

OSLRS; Mississauga; On-site; CAD 55,000 - 60,000; Full time

Job summary

A leading retail service provider located in Ontario is looking for a Credit and Collections Specialist to manage account receivables and enhance payment activities. The ideal candidate must have a university degree or college equivalent in Business Administration and 2+ years of experience in a related field. Responsibilities include managing collections, preparing cash forecasts, and auditing financial records. This position offers a competitive salary in the range of $55K-$60K plus bonuses and benefits, fostering a supportive workplace environment.

Benefits

Comprehensive benefits

RRSP matching program

Training and development opportunities

Qualifications

• Understanding basic accounting principles.
• Detailed knowledge of the collection process from sale to billing.
• Ability to interact with all organizational levels and finance agencies.

Responsibilities

• Manage the collection and reconciliation of a portfolio.
• Prepare cash forecasting and submit statements to customers.
• Audit daily cash receipts and maintain customer account accuracy.

Skills

Customer service

Negotiation

Analytical skills

Problem solving

Education

University degree or College equivalent in Business Administration

2+ years of related experience in accounting or credit field

Tools

Excel

Outlook

SAP/ERP

Job description

Overview

AtOSLRetailServices,webelievepeoplearetheheartofeverythingwedo,anditisanexcitingtimeto bepartofsomethingspecial!Ourmomentumisgrowing,andisfueledbyinnovation,collaboration,andasharedentrepreneurialspiritthatdrivesrealresults.Foundedin2012inMississauga,Ontario,OSLdelivers customizedsalessolutionsinretail,directsales,andcustomeracquisition,allbuiltonafoundationofintegrity,respect,andpassion.Ourculturethrivesonconnection,purpose,andgrowth.Ifyou’relookingforaplacewhereyourtalentsarevalued,yourideasmatter,andyourcareercangrow,we’dlovetomeetyou.

The Opportunity

We are currently seeking a Credit and Collections Specialist. This position is responsible for the collection of accounts receivables of a portfolio of Sales customers. This role will monitor customers’ overall payment activities that include payment of invoices, account reconciliation and deduction management, which includes filing charge backs to customers. Strive to minimize days sales outstanding, bad debt write-offs and maximize cash receipts while being sensitive to the needs/requirements of both internal and external customers. Participate in required weekly and monthly reporting on Accounts receivables analysis.

What you’re responsible for:

• Manage the collection and reconciliation of a set portfolio and meeting companies and credit department assigned KPI’s including assigned DSO, % of overdue Accounts Receivable.
• Prepare cash forecasting, collect accounts receivable for assigned region & submit statements to customers.
• Follow up on accounts with past due balances and solicit help from Credit Manager and Sales force if required on delinquent or disputed items.
• Audit daily cash receipts to aged trial balance to maintain accuracy of customer accounts.
• Audit deductions and payment shortages. Investigate un-allowed deductions and follow up on paybacks.
• Coordinate with other department personnel to ensure that customers’ credit memo requests are reviewed for processing or decline. Ensure final decision is communicated properly to the customers to minimize deductions on Accounts Receivable.
• Maintain accurate and complete records of collection activities and link all correspondence to pending line items.
• Support the dispute resolution process as required including gathering of relevant dispute information and collecting on all rejected claims, which are assigned for paybacks by customer.
• Validate major accounts post audit claims requests in a timely manner and follow up with related department on credit issuance or communicate to customer the reason for decline with supportive documentation before the expiring date of rejection.
• Generate reports pertaining to own portfolio for overdue AR line items, Investigate & report arrears reason for each line item.

To join our team:

• University degree or College equivalent in Business Administration or a related field.
• 2+ years of related experience in accounting or credit field preferred.
• Understanding basic accounting principles.
• Proficiency in Excel, Outlook, and SAP/ERP is an asset.
• Strong customer service, negotiation problem solving and analytical skills.
• Detailed understanding of the collection process from sale through to billing and financial reporting.
• Some industry knowledge of accounts receivable practices, procedures, processes and terminology.
• Demonstrated ability to interact with all levels within the organization, customers and finance agencies.
• The ability to work with others, including all levels of staff, and customers with opposing views to accept/recommend payment plans and final resolution for disputes.
• The ability to plan, organize and prioritize multiple and simultaneous credit department tasks and projects in a changing corporate environment.
• The ability to write, read, interpret and acts on proper understanding of collection issues based on corporate collection standard as well as on unique situations.
• Ability to make professional presentations and to communicate in writing, or orally, detailed account history analysis, status and a recommendation for a quick action.
• Ability to identify high risk/past due accounts and recommend appropriate action.

What do we offer:

• Acompetitivebasesalaryof$55K-$60Kplusbonusandotherperks.
• Comprehensivebenefits.
• RRSPmatchingprogram.
• TraininganddevelopmentopportunitiestogrowyourcareerwithoneofCanada’sBestManaged

Companies.

• Asupportiveworkplacecultureandworkenvironment.

The Interview Process

• Step1:Ifyourprofileisamatch,wewillinviteyouforafirstconversationwiththerecruiter.
• Step2:Thenextstepisavirtualconversationwiththehiringmanager.
• Step3:Thefinalstepisanin-person interview with the hiring team and extended team members.

If this sounds like you and you’re excited to be a member of our team, pleaseapply now.

We thank all interested applicants; however, only qualified candidates will be contacted. This position requires the successful completion of a criminal background check.

OSL is committed to an inclusive workplace that does not discriminate against race, nationality, religion, age, marital status, physical or mental disability, sexual orientation, gender, or gender identity. We believe in diversity and encourage any qualified individual to apply.

Disclaimer: As part of our recruitment process, we utilize artificial intelligence (AI)-based tools to assist with certain stages, including initial resume screening and skills-matching assessments. These tools are designed to help our hiring team identify candidates whose experience and qualifications align closely with the requirements of the role. Please note that all final hiring decisions are made by our recruitment team. The preceding job description has been designed to indicate the general nature and level of work performed by employees within this job. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. In compliance with Ontario’s Bill 190, we confirm that this posting represents a current, existing vacancy within our organization.