Accounts Receivable Specialist
Location: Sanford, ME, United States
Job Function: Finance
Career Level: Emerging Professionals
Company: POLYVANTIS Sanford LLC
WHO WE ARE
POLYVANTIS is a global, multi-material player with some of the most coveted and iconic brands in the industry – such as PLEXIGLAS®, ACRYLITE® and LEXAN™ Film and Sheet. With 1,500 employees and 15 production sites worldwide, we offer unmatched global capabilities, providing customers with innovative solutions in sheet and film for air and rail, automotive, building and construction, electrical, healthcare and security, and lighting and signage markets.
A career at POLYVANTIS means you will make an impact on the Company’s success each day. We offer excellent pay and benefits, along with comprehensive learning programs to help grow your career. Apply now to join our team and we will become Stronger Together.
WHAT THE ROLE DELIVERS
Responsible for collections of outstanding accounts receivable dollars including cash application for the existing client base. Establish credit limits and assess the credit risk of new and existing accounts to minimize bad debt risk and maximize collections. This person is also responsible for applying customer payments effectively to ensure accurate customer accounts receivable balances. Participate in department projects (i.e. factoring, credit hold work flows, etc.) and take an active role in cross-functional teams to assist in driving efficiency, improved cash flow and enhanced management reporting.
WHAT YOU WILL DO
Collections Activities:
o Review & monitor assigned accounts to identify overdue payments. Escalate to management any customer payment issues requiring intervention.
o Make outbound collection calls in a professional manner while keeping and improving customer relations.
o Identify issues attributing to account delinquency. Work closely with Customer Service & Sales to resolve client-billing problems & disputes that are resulting in past due balances.
o Recommend process changes that will eliminate delinquency issues or make the collection process more efficient.
o Report on collection activities for your assigned accounts which identifies the accounts with greatest exposure and what steps have been taken to collect the balances.
o Recommend write-off requests to be charged to bad debts.
Cash Application Activities:
o Apply payments received from customers -Payments received can be by checks via the Lockbox, ACH or Wire; then have funds applied to customer accounts/invoices-Remittance required for all funds received no exceptions -double checking auto application.
o Daily/weekly/monthly factoring reporting to 3rd party bank with extreme accuracy
o Contact customers in a professional and courteous manner to resolve issues related to the correct application of payments to invoices/remittances.
Credit Analysis Activities:
o Perform credit risk analysis of new and existing accounts using D&B reports, financial statements, account trends or other available information.
o Utilize discretion in establishing credit limits and extending additional credit to customer’s including review of current account status to determine whether an order hold should be used.
o Review held orders on a daily basis, resolve issues that initiated the hold and notify customers, sales and customer service accordingly.
o Communicate & advise credit policies and procedures to company management and customers.
WHAT WE ARE SEEKING
o High School diploma required, Associates Degree or equivalent preferred.
o Minimum of 5 plus years AR experience in SAP or another current ERP system, SAP preferred.
o High degree of accuracy with data entry.
o Excellent technical skills. Ability to work with and navigate between two monitors and programs.
o Proficiency with Microsoft Excel required.
o Strong organizational and problem-solving skills.
o Excellent communication skills.
o Ability to perform with minimal supervision.
o Ability to consistently meet deadlines in a high-volume environment.
o Ability to travel as needed for training.
WHAT WE OFFER
At POLYVANTIS, we offer a dynamic and collaborative work environment where innovation, growth, and professional development are at the forefront. As part of our team, you will have the opportunity to work on cutting-edge projects, leveraging the latest technologies to make a tangible impact. We provide:
- Competitive compensation
- Comprehensive benefits
- Career growth potential
- A culture that values diversity and work-life balance
- Global experience
Additionally, we invest in continuous learning, offering training, mentorship, and career advancement opportunities to help you reach your full potential. Join us at POLYVANTIS to be part of a forward-thinking company that values both individual contribution and team success.
JOIN OUR TEAM
POLYVANTIS seeks the best candidates, and as a result is an equal opportunity employer that is proud to provide equal access to jobs regardless of protected status.
To join the team, apply now!