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Accounts Receivable Specialist

Job Duties & Responsibilities

  • Oversees the collection of A/R ranging from $300M to $500M in a calendar year dependent on account assignment.  
  • Collects past due receivables using email, phone calls, letters and branch support.  Prepares and sends past due letters, sends account to collections agency, and sends sales personnel for personal inspections, as appropriate and prescribed in policy.
  • Reviews and releases orders on a daily basis within defined level of authority per the credit policy.  Recommends updates to credit limits based upon payment experience and known changes in financial condition.  Recommends payment arrangements to resolve credit hold and expedite sales processing.
  • Applies customer payments (cash, B2B, etc.) to aging receivables on a daily basis.  Reconciles customer accounts and researches payment discrepancies or unapplied cash.
  • Performs documented risk assessments of new and revised customer credit lines.  Rejects/Approves and/or escalates per assigned delegation of authority outlined in the credit policy. Executes UCC filings on a timely basis to ensure maximum risk mitigation.
  • Performs accurate and timely write-offs following identification of uncollectible accounts adhering to policy guidelines.
  • Prepares month-end closing journal entries and other sub-ledger postings in accordance with GAAP, internal policy, and closing deadlines.
  • Provides guidance to and reviews work of A/R Clerks.  Acts as backup coverage for Treasury Manager and other A/R colleagues. Supports cash projection activities and financial reporting as needed. Supports internal operational and external financial audits as applicable to the A/R function. Maintains record retention programs with DOMA and BOX, as applicable and required to secure STIHL’s assets.
  • Manages the yearly STIHL Dealer Documentation Project which entails requesting, tracking, gathering and inputting into CRM updated credit applications, financial statements, and when necessary personal financials.
  • Maintains the corporate credit card program to include managing cardholder accounts and limits. 
  • Contributes ideas for workflows and approaches to A/R follow-up tasks to maximize opportunities for performance, process and net revenue collections improvement. Performs other duties as assigned.
  • All other duties and responsibilities as assigned

Nearest Major Market: Virginia Beach