at Destaco / Industrial Motion in Auburn Hills, Michigan, United States
Job Description
Company Overview:
DESTACO, a Stabilus Company, is a global leader in the design and manufacture of high-performance automation, workholding, and remote handling solutions. The company serves customers in variety of end-markets, including the automotive, life sciences, consumer goods, packaging, aerospace, and nuclear sectors.
Built on a legacy of over 100 years, DESTACO offers a comprehensive portfolio of products to engineer precise movement, placement and control solutions that drive productivity and uptime for manufacturers around the world. The DESTACO family of products consists of industry-leading brands such as DESTACO Manual and Power Clamps, Camco and Ferguson Indexers, Robohand Grippers and CRL Manipulators and Transfer Ports.
DESTACO is based in Auburn Hills, Michigan, and operates globally through ~700 employees across 13 locations.
With nearly 90 years of demonstrated expertise, The Stabilus Group is one of the world's leading providers of motion control solutions for customers across a broad spectrum of industries.
Stabilus, approaching 1.5B EUR in revenue, is headquartered in Koblenz, Germany and employs more than 7,000 team members across 34 locations in 18 countries.
Stabilus SE is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the MDAX index.www.stabilus.com
Position Summary:
The Accounts Receivable and Accounts Payable Analyst is responsible for supporting the financial team in completing accounting processes and cycles for DESTACO. They will be responsible for reviewing and completing daily transactions, invoicing, reconciliations, credit analysis, collection efforts and customer and vendor communication in an accurate and timely manner. They will assist in implementing company initiatives and best practices to ensure compliance with legal regulations and other requirements. They will assist in the completion of financial and business reporting efforts that support the achievement of DESTACO strategic goals and objectives. The position supports AP and AR functions and reporting for the North American region including Destaco's corporate HQ and three manufacturing facilities. The position will require communication at various levels across the organization.
The AR and AP Analyst will report to the AR and AP supervisor, Americas.
Key Job Responsibilities included but not limited to:
Completes Accounts Receivable activities including preparing, sending and posting approved invoices.
Reviews A/R credit requests and the processing of credit memos (requested for price protection, fees/rebates, customer chargebacks and returns/shortages/overages).
Responsible for reviewing the weekly A/R Aging and following up with customers for collection of invoices due
Reviews and resolves debit memos to invoice or re-invoices customers for approved adjustments to correct invoices, credit holds on customer orders, or collection activity on assigned past-due accounts.
Manages accounts to assess risk and recover debt to reduce DSO goals. Communicates with customers regarding debt and negotiates payment agreements.
Enlists sales and senior management when necessary to accelerate the dispute resolution process.
Ensures invoices are properly coded to the appropriate expense or balance sheet account.
Pays vendors, resolving purchase order, contract, invoice, or payment discrepancies, insuring receipt of credits, or issuing stop-payments.
Analyzes vendor accounts, reconciles statements, corrects discrepancies, maintains and updates vendor information in AP system.
Performs accounts payable month end close functions and reconciliation, including: prepares monthly accrual for un-entered liabilities, resolves open invoice listings, general ledger distribution reports, and un-invoiced receipts detail and balance all cash activity. Assists with foreign freight bill processing.
Reconciles open invoices and un-invoiced receipts detail to the general ledger, resolves intercompany balances.
Interact with vendors, purchasing and customer service departments.
Manages W9 and 1099 process and various audits.
Recommends and supports continuous improvement initiatives in the finance department.
Leads and promotes safety awareness with other key members of the organization. Promotes accident prevention and employee involvement in regard to a safe work environment. Ensures employees have an understanding of the safety expectations of the organization.
Leadership Competencies:
Builds and Manages Collaborative Relationships - Establishes and nurtures numerous relationships within Destaco. Takes action to partner with the... For full info follow application link.
All qualified applicants will receive consideration for employment without discrimination on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other factors prohibited by law.
