Financial Operations Specialist - AR

A mutually rewarding experience.

Work. Realize your ambitions. And realize there’s more to being in business than just making a profit. That’s the Mars philosophy. And the opportunity we offer every one of our Associates. An opportunity to take what you do and make it mean more for you, for those around you and for the planet.  What you get here is challenging, interesting work. You get the tools you need to do a great job and you get to have the best possible people on your side to help you do it. And at the same time as getting to find ways to do business better today than we did it yesterday and driving a great career, you also get to build a more enlightened business and drive sustainability.

Because it’s never just about a single person, a single project or a single brand. It’s about how you can grab everything that’s within your reach here and use it to pursue mutual, long-term gain. It’s about having ideas. And ideals. Being prepared to risk failure because the promise of success means we’ll all be a little better off. It’s that mix of integrity and ambition that makes Mars such a special place to work. And why working here is always about more than just a job.

Mars has net sales of more than $33 billion, operates six business segments including Petcare, Chocolate, Wrigley, Food, Drinks, Symbioscience, and more than 75,000 Associates worldwide that are putting its Principles into action to make a difference for people and the planet through its performance.

Mars brands include: Petcare – PEDIGREE®, ROYAL CANIN®, WHISKAS®, BANFIELD® Pet Hospital, CESAR®, SHEBA®, DREAMIES® and NUTRO®; Chocolate – M&M’S®, SNICKERS®, DOVE®, GALAXY®, MARS®, MILKY WAY® and TWIX®; Wrigley – DOUBLEMINT®, EXTRA®, ORBIT® and 5™ chewing gums, SKITTLES® and STARBURST® candies, and ALTOIDS® AND LIFESAVERS® mints. Food – UNCLE BEN’S®, DOLMIO®, EBLY®, MASTERFOODS®, SEEDS OF CHANGE® and ROYCO®; Drinks – ALTERRA COFFEE ROASTERS™, THE BRIGHT TEA COMPANY™, KLIX® and FLAVIA®; Symbioscience – COCOAVIA® and WISDOM PANEL®.

 

Overview:

 

The Financial Operations Specialist-A/R  has accountability for assigned customer accounts requiring complete analysis of credit extension, management of accounts within prescribed credit guidelines, timely research of deductions and expeditious collection of all past due invoices and invalid deductions.  The job requires timely review and decisions regarding the release or hold of customer orders and significant communication with customers and the Sales organization.

 

Key Responsibilities:

 

-Manage and control the receivable portfolio by direct involvement in investigation, reconciliation and collection of assigned accounts.
-Collect outstanding invoices as well as resolve deductions via phone & written communication.
-Decide whether or not to release new orders for shipment up to $10,000 based on specific credit risk evaluation. Make recommendation to Financial Operations Manager- AR for any order over $10,000.  Deal directly with the account and Sales Associates to resolve obstacles potentially leading to the withholding of orders.
-Establish credit lines on new accounts and update existing credit lines up to $10,000 using trade and bank references, financial statements, internal system information and credit group contacts to identify risk. Make recommendations for changes over $10,000 to Financial Operations Manager- AR.
-Prepare spreadsheets and presentations to utilize in customer visits or collection efforts.
-Assist the Financial Operations Manager- AR in representing the department/company at creditor meetings, bankruptcy proceedings, sales presentations and cross-functional team meetings as well as serve as back up in the office during their absence.
-Communicate extensively with customers, Sales Associates and Customer Care regarding past due invoices, delinquent accounts, deductions and proof of delivery. Other communications may include accounting, collection agencies and attorneys. Respond to all questions and inquires relating to credit policy and credit references.
-Offer customers various types of credit arrangements through risk analysis (open, secured, CIA, order to order, EFT).
-Make recommendations for forced collection through collection agencies and attorneys. Monitor progress of collection efforts by third party, collection agencies and/or courts regarding bankruptcies to assure maximum collection of monies owed.
-File proof of claim for bankruptcy, bulk sale or assignment for benefit of creditors.
-Make recommendations for streamlining processes and highlight opportunities for improvements.
-Recommend continuous Improvements to the Senior Financial Operations Specialist.
-Raise unresolved functional and technical issues to Senior Financial Operations Specialist.
-Stay abreast of new processes and system functionality
-Attend training to maintain high level of knowledge

 

Minimum Qualifications:

 

-Associate's Degree
-1+ years of relavent work experience
-General Finance Knowledge in specific areas of credit and collection methods
-Strong analytical skills minimum
-Proficient with PC (Microsoft Word, Excel and Powerpoint)
-Good oral and written communication skills (including negotiation)
-Good judgment and sound decision-making ability
-Ability to handle conflict, interact patiently and retain composure under stressful conditions
-Must display tact, diplomacy and understanding neecessary to deal with people and situations in a professional manner
-Succesful completion of background and drug screening

 

Preferred Qualifications:

 

-Bachelor's Degree (Finance or Accounting preferred)
-Knowledge of operational procedures and fundamental bankruptcy law knowledge
-Strong interpersonal persuasion
-1+ years of work experience in credit/collections
-SAP experience

Travel may be required to attend trade credit meetings or customer visits under 10%

Mars is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. If you need assistance or an accommodation during the application process because of a disability, it is available upon request. The company is pleased to provide such assistance, and no applicant will be penalized as a result of such a request.

 

Company
Mars
Posted
03/25/2018
Type
Full time
Location
Mount Olive, New Jersey 07828, US