What are the responsibilities and job description for the Accounts Receivable Specialist 1 position at Precision Castparts Corp?
Company Profile :
Precision Castparts Corp. (PCC) is a leading worldwide, diversified manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. PCC is the market leader in manufacturing large, complex structural investment castings, airfoil castings, and forged components used in jet aircraft engines and industrial gas turbines. The Company is also a leading producer of highly engineered, critical fasteners for aerospace and other general industrial markets, manufactures extruded seamless pipe, fittings, forgings, and clad products for power generation and oil & gas applications, and supplies metal alloys and other materials to the casting and forging industries. PCC is a high quality business with dominant positions in most segments of the markets in which it serves. The company has a history of superior earnings growth and was the fourth best performing stock in the S&P 500 during the last decade, up 1580%.
Headquartered in Portland, Oregon, this over $10 billion publicly traded company (NYSE : PCP) employs more than 29,500 people worldwide. PCC has over 160 plants and has a presence in twenty-six states in the US and in over a dozen countries. PCC is relentless in its dedication to being a high-quality, low-cost and on-time producer; delivering the highest value to its customers and shareholders while continually pursuing strategic, profitable growth.
Effective early February 2016, Berkshire Hathaway, led by chairman and CEO Warren E. Buffett, acquired Precision Castparts Corp. Mr. Buffett stated, "I've admired PCC's operation for a long time. For good reasons, it is the supplier of choice for the world's aerospace industry, one of the largest sources of American exports. Berkshire's Board of Directors is proud that PCC has joined Berkshire."
We are very pleased to be joining forces with Berkshire Hathaway," said Mark Donegan, PCC's chairman and chief executive officer. "We see a unique alignment between Warren's management and investment philosophy and how we manage PCC for the long-term. We believe that as part of Berkshire Hathaway, PCC will be exceptionally well-positioned to support our customers' needs into the future. This transaction offers compelling and immediate value for our shareholders, and allows PCC's employees to continue to operate in the same manner that has generated many years of exceptional service and performance to our customers."
Business Profile :
PCC Aerostructures is a leading supplier of complex components and assemblies to the global aerospace industry.
PCC Aerostructures now includes 39 plants in the U.S, Europe and Asia with over 5500 employees and has ambitious growth plans. Businesses within PCC Aerostructures include Primus International, SPS Aerostructures, Centra, Klune, ProCoat, Southwest United Industries, Progressive Incorporated, and Synchronous. Plants locations include Washington, Utah, California, Oklahoma, Kansas, Texas, Ohio, Canada, Mexico, the UK and China.
Location Profile :
Walden's Machine was founded in 1976 by Charlie Walden. Primus purchased Walden's in 2006 and PCC purchased Primus in 2011. The Company offers a complete range of products and services including high speed machining (3, 4 & 5 axis medium / complex aluminum and hard metal machining), kitting, assembly and integration, decorative coatings, airfoil / propulsion structures specialist and global supply chain management. Walden's is a 24 hour facility and is staffed with 340 employees.
Walden's has a reputation for market leading performance and responsiveness in high speed machining. Some of their well-known customers included, but are not limited to, Boeing, Bombardier, Spirit Aerosystems, Bell Helicopter, Airbus, and GE Aviation. The Company is fully certified for IS0 9001 and hold Revision "C" registration for AS9100.
Position Summary :
Performs a variety of general accounting support tasks in an accounting department. Verifies accuracy of invoices and other accounting documents or records. Updates and maintains accounting journals, ledgers and other records detailing financial business transactions (e.g., accounts receivable, disbursements, expense vouchers, payrolls, receipts, accounts payable). Enters data into computer system using defined computer programs; Compiles data and prepares a variety of reports. Reconciles records with internal company employees and management, or external vendors or customers. May reconcile bank and financial statements / report. Recommends actions to resolve discrepancies. Investigates questionable data.
Primary Duties and Responsibilities :
- Receive credits and match to vendor statements; Research and reconcile discrepant credits and vendor statements
- Match vendor credits to Purchase Orders and accurately code and post matched credits to appropriate GL account
- Obtain proper management approval of credits
- Prepare and conduct weekly accrue lists for management review; Perform daily accrue lists as needed
- Archive invoices into electronic filing system
- Maintain and monitor Acounts Receivable aging reports to meet or exceed company standards
- May occasionally perform special projects; May act as a back-up to Accounts Payble; Perform other duties as assigned
Required Skills :
Required Experience and Education :
Precision Castparts Corp. is an equal opportunity employer committed to recruit, hire, train, and promote in all job categories without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status or other status protected by applicable law.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
