What are the responsibilities and job description for the Cash and Credit Analyst position at Magnate Worldwide?
SUMMARY
The Cash and Credit Analyst assists with payment collection procedures, credit extension, review and payment processing for the company.
ESSENTIAL JOB FUNCTIONS
Match and record all payments and deposits received for the company.
Oversee cash payments including checks, ACH, wires, credit cards, Paycargo, Paypal, lockbox, remote scanning of payments received locally.
Ensure daily cash batches are posted in Cargowise and match to general ledger.
Ongoing maintenance of lockbox and data capture
Pull of bank statement and cash application backup and support daily
On board all clients for the company in conjunction with established SLA’s (FA/ILS/Agents).
Work across the organization including partnering with Sales and Operations to support the onboarding new clients.
Work with management to provide decision support and approval letters.
Maintain credit information and organization profile on clients and agents in Cargowise.
Administer D&B including uploads to the Trade Exchange Program portal
Account administration including upload of monthly past due reporting, applying for credit, setting up credit in Cargowise and documenting changes.
Monitor credit limits for existing customers and re-assessing as needed
Responsible for 3rd party payment processors for customer invoicing/payments
Liaison between accounting team and payment processor to ensure billing is being sent.
Matching of invoices in our system to the payment processor to ensure payments are being sent.
Complete other responsibilities and duties as assigned
QUALIFICATIONS AND EDUCATION REQUIREMENTS
Bachelor’s degree in accounting, finance, management, or a related field or commensurate years of experience.
Knowledge of accounting and accounts receivable.
Excellent communication and interpersonal skills.
Proficiency with computers, especially business solutions and bookkeeping software.
Strong planning and problem-solving skills.
Ability to analyze information and processes.
Motivation to develop and maintain internal and external relationships.
Comply with all Masterpiece policies and procedures and maintain current knowledge of financial legislation and recommend updates to process and efficiencies.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities, and activities may change, or new ones may be assigned at any time with or without notice.
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