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Accounts Receivable/Credit & Collections Associate
MCM
Secaucus
Luxury Fashion
Full time
Posted 4 days ago
Copied
Market: NJ - Northern
Industry Segment: Luxury Fashion
Category: Finance
Seniority: Associate
Job Type: Full time

Marketplace Role

As a service to our candidates we present 1000’s of luxury industry roles as part of our Marketplace offering. For these jobs you will be forwarded to the brand to apply directly.

Job Description

Position Overview:

The Accounts Receivable/credit & Collections Associate reports to the Controller and is responsible for the following:

Accounts Receivable:

  • Ensure the receivables portfolio is maintained within satisfactory company and industry standards (Dso invoices = 50 days, Dso chargebacks = 30 days)
  • Perform cash application of payments. Prepare bank deposits and ensure cash application into the Sap systems.
  • On-going communication (by phone, fax and email) with customers to facilitate collection of balances.
  • Work with customers to resolve all financial issues and set payment schedules in accordance with company policy.
  • Ensure credit terms are adhered to.
  • Reconcile customer accounts.
  • Monitor customer accounts for non-payment, delayed payments, and other irregularities.
  • Create and maintain up to date and complete customer files.
  • Resolve chargeback(s) and credits within acceptable timeframes. Work productively with Sales, Logistics and Marketing, as necessary.
  • Meet with Controller as directed to review the Aging report.
  • All other duties as assigned

Credit & Collections:

  • Coordinate with Wholesale team to understand market calendar, new customer appointments and to ensure new customer application for credits are received.
  • Establish and review credit limits for both new and existing accounts. Propose to Cfo new lines of credit or credit limit increases/decreases. Update Sales & Logistics on Cfo’s approved lines of credit.
  • Ensure sound decisions are made regarding the releasing/holding of customer orders based upon credit limit review and financial condition of the account.
  • Resolve complex collection issues. Establish and develop collection agency relationships and processes, while monitoring agencies for performance and cost-effectiveness.
  • Manage and mitigate credit risk by analyzing customer annual financial reports, quarterly and regulatory filings (as available), debt service rating and other reporting tools.
  • Meet with customers during market, as necessary and approved by Sales team.
  • Coordinate collection with outside collection agencies and legal, as necessary.
  • Develop, implement and maintain corporate credit and collections policies.
  • All other duties as assigned

Experience & Key Competencies:

  • Bachelor’s degree in Human Resources, Business Administration, or related field.
  • Minimum 2 years’ experience in Human Resources related field.
  • Excellent attention to detail & accuracy.
  • Excellent interpersonal and communication skills (verbal and written).
  • Excellent organizational, problem solving and decision-making skills.
  • Proficient in computer applications.
  • Ability to multi-task and prioritize.
  • Strong analytical and problem-solving skills.
  • Ability to act with integrity, professionalism, and confidentiality.

About MCM

MCM (Modern Creation München) is a luxury lifestyle goods and fashion house founded in 1976 with an attitude defined by the cultural Zeitgeist and its German heritage with a focus on functional innovation, including the use of cutting edge techniques. Today, through its association with music, art, travel, and technology, MCM embodies the bold, rebellious and aspirational. Always with an eye on the disruptive, the driving force behind MCM centers on revolutionizing classic design with futuristic materials. Appealing to the 21st Century Global Nomad generation – MCM’s millennial and Gen Z audience is genderless, ageless, empowered and unconstrained by rules and boundaries.

Accounts Receivable/Credit & Collections Associate
MCM
Secaucus
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Accounts Receivable/Credit & Collections Associate
MCM
Secaucus

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