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 Supervisor 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 Supervisor will have one direct report and will report to the Corporate Accounting Manager, Americas.
Key Job Responsibilities included but not limited to:
Coordinates and directs Accounts Receivable related activities of the team.
Reviews and approves 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
Evaluates credit worthiness through credit-scoring/reporting systems (D&B), define credit limits, establish new and review credit lines with company policy.
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.
Ensure that all invoices are properly coded to the appropriate expense or balance sheet account.
Acts as the point of escalation for urgent vendor payments and invoice resolution inquiries
Review and approves wire transfer in both domestic and foreign currencies.
Confirms all inter-company balances for outstanding AP Globally for proper balancing in COGNOS
Perform accounts payable and accounts receivable month end close functions and review reconciliations.
Interact with vendors, purchasing and customer service departments.
Manage 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 communities in which we operate and to be an appropriate corporate citizen.
Results Driven - Produces results that exceed Destaco's strategic objectives via a combination of planning and implementation
Winning the Right Way - Operates with High Ethical Standards, Openness and Trust. Conducts him/herself with high ethical... 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.
