Position Summary:

For North America Businesses - The person shall be responsible for the daily processing and reconciliation of payments received from customers via online banking resource into the ERP system of the Regal Rexnord business units supported. Ensures that appropriate classification of charge back, discount, write-off, adjustments, miscellaneous checks, etc. are keyed in accordingly. He/she would also be responsible for check banking, debit/credit note processing, offsetting and netting application. The person would also handle month end reporting such as but not limited to, Intercompany SOA, Interco confirmation, AR aging, Bank recon (receipts) clearing and Collection report. In addition, he/she will be responsible for customer service activities such as coordination/communication with client business units or with counterpart team offshore regarding issues delaying payment application or any discrepancy found to his/her counterpart or Credit and Collection Department. Maintains all accounts receivable files, follows up on exceptions beyond certain parameters.  Perform other duties as may be assigned. Adheres to business unit’s defined metrics.

Major Responsibilities:

• Review and apply payments.
• Create & apply credit/debit memos.
• Research unidentified payments and missing details for proper posting.
• Write-off over/short payments.
• Process general statistical data, operate calculating machine and other equipment incidental to the function.
• Balance cash postings to cash receipts.
• Balance receipts and reconciling daily work batches.
• Perform basic research of debits for customer claims and returns and process the corresponding credits and/or denials. 
• Distribute credit copies and supporting documents, issue credits for customer claims and returns.
• Identify and allocate ACH, checks and credit card payments and ensures that it is posted and distributed accurately within required time frames under conformity to the applicable internal controls and compliance requirements.
• Dispute discount that exceeded the allowable terms.
• Responsible for reconciling cash transactions and works with collections representative to resolve posting problems.
• Apply some advanced skills and may adapt procedures and processes to meet the more complex requirements of the position.

Education: Bachelor’s Degree preferably in Accounting or Finance

Job Related Experience:   Preferably with at least 5 years working experience, 2 years of which should be in accounts receivable processing using banking software

Specific Knowledge/Skills:

• Practical Knowledge in ERP Applications (Oracle, Esker, SAP, any applicable Finance ERP)
• Proficient in MS Office applications (MS Word, Excel and PowerPoint)
• Internal Audit Control
• Satisfactory performance and attendance record
• Observes one business unit’s holidays but should be flexible to respond to business need
• Solid computer skills, MS office
• Good verbal and written communication skills
• Ability to interface with others
• Ability to analyze and solve problems

Travel:  none

Language: English

#LI-Hybrid

About Regal Rexnord