What are the responsibilities and job description for the Accounts Receivable Manager position at Techtronic Industries - TTI?
Job Description : AR Manager | TTI
Techtronic Industries North America, Inc. (TTI) has an opening in Floor Care division in Charlotte, NC for an AR Manager! This position will report into our Director of Finance. We offer very competitive wages and comprehensive benefits package.
TTI is a USD $13 billion world-class leader in power tools, accessories, hand tools, outdoor power equipment, as well as floorcare & cleaning. Our focus is on end-users that range from professionals in the industrial, construction and infrastructure sectors to DIYers in home improvement, repair, and maintenance.
TTI's powerful brand portfolio includes Milwaukee™, AEG™, Ryobi™, Hoover™, Dirt Devil™, Oreck™, VAX™, Empire™, Imperial Blades™, Stiletto™, and Hart™ - recognized worldwide for their deep heritage and innovative product platforms of superior quality.
Job Summary :
Responsible for executing collections and accounts receivable policies and procedures, as well as manage the activities of the staff. This individual will monitor outstanding / past due collections amounts.
Essential Responsibilities :
- Review of customer deductions and claims. Claim types include but not limited to, shortages, compliance fines, yearly rebates, trade fund agreements, and matching deals to vendor agreements and pricing variances.
- Reviews collection reports to determine status of collections and balances outstanding and to evaluate effectiveness of current collections policies and procedures.
- Researches and investigates billing issues for corrective action.
- Prepares management reports and maintains credit files to meet requirements
- Extends credit to customers in accordance with the established company policy and terms.
- Handles credit beyond subordinates' authority, major accounts requiring individual attention, marginal accounts, problem accounts, special credit arrangements, and deviations from standard.
- Coordinates with credit staff and external vendors to share information and update controls.
- Works with quality control to provide explanations for denial of rejected material to customers.
- Maintains credit records to monitor credit lines.
- Audits customers' accounts to ensure proper application of funds.
- Maintains database of customers' information, updating limits and records
- Handles non-routine credit inquires and correspondence.
- Follows closely the course of aging accounts and determines action to be taken on delinquent accounts.
Qualifications :
The above statements are intended to describe the general nature and level of work performed by employees assigned to this position. This document is subject to change at any time and is not intended to be exhaustive of all duties, responsibilities, and skills required by employees with this position title. The physical requirements described on the supplemental Occupational Worksheet are representative of those that must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations may be made upon request.
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