Accounts Receivable Manager

1 week ago


Chesterfield, Missouri, United States Silgan Plastics Full time

For over five decades, Silgan Plastics has been a leader in the plastic bottling sector, known for our innovative technical solutions and creative packaging designs. We pride ourselves on our ability to meet diverse packaging needs through a tailored approach that distinguishes us in the marketplace.

POSITION SUMMARY:

The Accounts Receivable Manager, overseeing a team of two, is tasked with conducting customer credit assessments, managing the collection and application of all customer payments, while ensuring compliance with SOX regulations throughout all operations. This role also encompasses responsibilities related to supply chain financing arrangements and various financial analyses and reporting for both company executives and the sales team.

KEY RESPONSIBILITIES:

  • Lead the team in the collection and analysis of all items within Silgan Plastics' accounts receivable portfolio.
  • Allocate a portfolio of accounts to the Accounts Receivable Manager and Collections Analysts.
  • Establish and review customer payment terms and credit limits.
  • Manage and communicate the Credit Hold process for overdue accounts.
  • Reconcile customer claims and deductions at the time of payment.
  • Determine the timing for escalating delinquent accounts to third-party agencies.
  • Oversee accounts that may enter bankruptcy proceedings.
  • Supervise the cash application process for Silgan Plastics' accounts receivable.
  • Analyze and report monthly accounts receivable results to company leadership.
  • Evaluate and report metrics related to accounts receivable to the Finance and Sales Teams.
  • Collaborate with the Sales Team and Customer Service on credit-related matters to enhance our customer relationships.
  • Manage the credit hold process, ensuring effective communication with customers, internal sales management, and manufacturing/shipping facilities.
  • Oversee the Credit Application process for new customers seeking terms.
  • Assess new customer credit applications to determine appropriate credit limits and terms.
  • Provide analysis for Extended Terms Requests utilizing Cost of Capital or Supply Chain Finance tools.
  • Lead the process of managing supply chain financing agreements and terms modifications through the established approval channels.
  • Analyze accounts that may pose a risk and identify specific accounts to reserve in Silgan's Allowance for Doubtful Accounts.
  • Prepare analyses for the monthly and quarterly calculations of Silgan Plastics' Allowance for Doubtful Accounts in accordance with company policy.
  • Deliver a monthly forecast of an 18-month rolling accounts receivable balance.
  • Ensure compliance with SOX regulations in all accounts receivable and credit activities.
  • Manage and submit requests for quarterly and annual audits.
  • Oversee the annual review and filing of accounts requiring escheatment.
  • Assist the Director of FP&A and the company Controller in developing cash projections by providing timely and accurate estimates of expected cash receipts.
  • Manage the EDI process, coordinating customer onboarding, IT teams, and addressing any rejections.
  • Above all, strive to cultivate, enhance, and maintain a strong partnership with Silgan Plastics' customer base.

EDUCATION:

Required: Bachelor's Degree in Business Administration.

EXPERIENCE:

Required: A minimum of 7 years of relevant experience, including at least 3 years in a supervisory role within the credit sector.

SKILLS:

Required: Exceptional verbal and written communication skills, along with strong interpersonal, leadership, organizational, and negotiation abilities. A minimum of two years of experience with customer visits is essential. Proficiency in ERP systems (preferably Oracle) and applications related to credit functions is required. Strong capabilities in Excel and Word are necessary. Some travel may be required to meet with customers. Excellent analytical skills for comprehensive financial analysis and problem-solving are essential.

LIMITATIONS & DISCLAIMER:

This job description is intended to convey the general nature and level of work performed by the individual in this position. It is not intended to be an exhaustive list of all responsibilities, duties, and skills required for the role.

Silgan will provide reasonable accommodations for qualified applicants and employees with disabilities unless doing so would cause undue hardship.

This job description does not imply that these are the only duties to be performed by the associate in this position. Associates will be required to follow any other job-related instructions and perform other job-related duties as requested by their supervisor in compliance with Federal and State Laws.

Requirements represent minimum levels of knowledge, skills, and/or abilities. To perform this job successfully, the employee must possess the abilities or aptitudes to perform each duty proficiently. Continued employment is based on an "at-will" basis.

Silgan Plastics is an Equal Opportunity Employer. We consider applicants for all positions without regard to race, color, religion, sex, national origin, age, marital status, or the presence of a disability that would not prevent the performance of essential job duties with or without reasonable accommodation, or any other protective status.

Silgan Plastics maintains a drug-free workplace.



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