at Komatsu America Corp. in Chicago, Illinois, United States
Job Description
Komatsu is an indispensable partner to the construction, mining, forestry, forklift, and industrial machinery markets, maximizing value for customers through innovative solutions. With a diverse line of products supported by our advanced IoT technologies, regional distribution channels, and a global service network, we tap into the power of data and technology to enhance safety and productivity while optimizing performance. Komatsu supports a myriad of markets, including housing, infrastructure, water, pipeline, minerals, automobile, aerospace, electronics and medical, through its many brands and subsidiaries, includingTimberPro, Joy, P&H, Montabert, Modular Mining Systems, Hensley Industries, NTC, and Gigaphoton.
Job Overview
Komatsu Financial provides wholesale, retail and operating lease financing for 40+ contracted Komatsu distributors and their customers. With 300 locations in North America, total annual sales volume for Komatsu America is $1.8 billion over the strategic plan. Retail/leasing balances are in excess of $1.4 billion, which is expected to increase over the next year, while wholesale balances could exceed $700 million over the same period. Total receivables balances are in excess of $2.1 billion, with over 20,000 outstanding customers. The operations department of Komatsu Financial is responsible for the orderly liquidation of the company's receivables through proven collection techniques and sound accounting/audit practices. As can be expected, toward the end of this position the incumbent will be expected to have assumed a smaller and less complex territory which has minimal risk.
Key Job Responsibilities
Concentrate on learning the fundamentals of retail and wholesale financing, and the applicable functionality of the Wholesale Management Systems. Expected Result: This core understanding will be the base in which the growth of the individual will be built upon.
Focus on the assigned region with distributor account collection calls in order to reduce past due dollars and increase cash flow from operations.
Analyze distributors' open account/floor plan account. Determine and explain status of debits, credits, and balances considering terms, discounts, and related factors by researching account discrepancies.
Prepare data in connection with notes receivables and/or open accounts to ensure quality, timeliness and accuracy journal entries, general ledger accounts and cash application.
Initiate correspondence, prepare information and reports as required/requested for distributors as well as other Komatsu divisions and Komatsu America Corporation. Monitor special programs that pertain to the distributor group.
Acquire and expand working knowledge of proprietary on-line systems and report discrepancies in daily functions to immediate coordinator and/or manager.
Qualifications/Requirements
Bachelor's degree, preferably in Finance, General Business or related field
Accept and understand training received from mentor, retention of learned skills
Ability to interact positively with distributors and Komatsu personnel
Familiarity with basic Microsoft products including Excel, Word, and E-mail. Knowledge of SAP business system a plus.
Strong organizational skills to effectively complete work load
60% remote work schedule available after 6 month training period.
Additional Information
Komatsu is an Equal Opportunity Workplace and an Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
