AR Coordinator
3 weeks ago
Job Description
Under the direction of the Sr Manager, Global Shared Services, the Accounts Receivable Coordinator is responsible for credit and collection activities for a portfolio of accounts under the Master Lock brand at Fortune Brands Innovations. This position will interact with the other functional areas including Customer Service, Sales, Distribution and Information Services.
Position location: This role is designated as a hybrid role which includes working at least 3 days per week (Tuesday, Wednesday, Thursday) in our office located in Oak Creek, WI to foster better collaboration, connection, and innovation.
WHAT YOU WILL BE DOING:
* Manage the overall collection and credit risk for a portfolio of accounts. Servicing the account with required documentation and customer contact to ensure timely payment of A/R balances.
* Maintain internal controls and procedures for the assurance of GAAP, SOX controls and segregation of responsibilities.
* Work with Sales Managers and Customer Service to resolve customer problems that affect short/over or non-payment as per invoiced.
* Perform customer account reconciliations
* Evaluate credit applications using D&B and financial statement analysis and assign appropriate credit limits.
* Complete annual credit reviews through scoring models and financial statement analysis for existing customers.
* Identify opportunities for process improvement and capabilities for automation.
* Other Tasks as assigned or designated by Manager
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