Assistant Vice President - Order to Cash

Responsibilities

• Conduct credit investigations, grants or holds shipments based on customers available credit and initiates collections from delinquent accounts. Works directly with sales management to ensure all steps have been taken to improve the customers credit limit for the purpose of improving sales while mitigating risk.
• Investigate and verify the financial status and reputation of prospective customers applying for credit, prepare documents to substantiate findings, and recommend rejection or approval of applications.
• Assess/Develop/Deploy standard methodologies for the improvement of AR working capital and decreased bad debt expense
• Establish credit limits on customer accounts and handle special credit arrangements and deviations from standard terms of payment.
• Review collection reports ascertaining the status of collections and balances outstanding to ensure compliance with the Credit & Collection policy.
• Audit delinquent accounts considered to be non-collectable to ensure maximum efforts have been taken before assigning bad debt status to the account.
• Work with sales personnel when facing collection challenges and provide them an opportunity to resolve delinquencies before submitting an account to a collection agency or attorney.
• Submit delinquent accounts to an outside collection agency or attorney (when applicable) for collection purposes.
• Collaborate with other departments on accounting and finance-related projects.
• Participate in the annual audit. Completes all A/R related audit schedules according to the timeline set forth
• Should possess good understanding of Billing, Customer Master and cash application processes and understand the linkages among them and solve challenges, if any