Accounts Receivable Analyst

Midea is one of the world’s largest home appliance brands, offering the most comprehensive selection of products in the world to fully serve the needs of day-to-day living at home, at work, or anywhere else you go. In North America we strive to aim high, put the customer first, transform and innovate the marketplace, utilizing our commitment, dedication, inclusion and partnership with our teams. We are a global company with over 150,000 employees and operations in more than 195 countries. As a publicly listed company, we are also ranked #250 as a Fortune Global 500 company and offers one of the most comprehensive ranges in the home appliance industry. Midea America is a subsidiary of Midea with over 200 employees in the US and we are expanding our presence in North America. This position is located in our Toronto office.

POSITION SUMMARY:

We are seeking a qualified, motivated individual to join our company as Accounts Receivable Analyst. As part of Finance team, this person will be responsible for managing and maintaining a healthy accounts receivable portfolio reporting to AR Manager.  Responsibilities include but are not limited to preparing and reviewing AR aging, ensuring timely collections, applying customer payments to invoices, investigating, and resolving customer deductions, invoice presentation and reconciling AR accounts with customers. Our preferred candidate has at a bachelor’s degree in business, science, or related field and is proficient in MS Excel.  Candidate must have at least three years of experience in accounts receivable environment.

Duties and Responsibilities

• Daily review of AR aging reports to identify past due invoices requiring immediate follow up.
• Weekly and monthly review of collection metrics to track progress and achieve company’s goals.
• Timely payment application and deductions validation and clearing.
• Resolve customer disputes and short payments.
• Ensure consistent follow up through to resolution for all outstanding invoices and invalid deductions.
• Perform account reconciliations.  Recover funds related to invalid deductions.
• Monitor system status of sales transaction and ensure sales transactions are closed in a timely manner. Investigate exception and work with operation team or product division to close pending items.
• Cooperate with Finance Shared Service Center (“FSSC”) to manage the process of invoice circulation and presentation. Ensure efficient and timely invoicing.
• Reconcile accounts receivable with customer.
• Analyze AR aging, identify root cause of aged items and take initiative to ensure timely collection.
• Criticize ongoing process and take initiative to make continuous improvement.
• Provide credit risk assessment to sales and operations to enable business decisions.
• Facilitating monthly financial and management reports. Investigating and resolving any irregularities.
• Partner with Sales and Operation teams to investigate and resolve customer issues.
• Manage and maintain records of business terms of each customer. Ensure customer profile on system is up to date and accurate

Key Skills and Competencies

• Advanced skills in MS Excel
• Programming experience would be an asset.
• Proficiency with Oracle EBS
• Proactive, details oriented, and results driven
• Capable of multi-tasking and managing stakeholder’s expectations
• Professional skepticism
• Excellent time management skills and ability to prioritize tasks
• Excellent verbal and written communication skills
• Ability to work well independently and as a member of the team
• Relationship building and management with both internal and external contacts

Education and Experience

• Bachelor’s degree in Business, Finance, Science, Accounting or related filed.
• Mandatory three years of experience in accounts receivable and other accounting area.
• Previous experience in the business of international trading or retailing is preferred

Midea (Canada) America Corp. is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

Last updated on Nov 14, 2023