Accounts Receivable Associate/Analyst (Payment Applications)

Company Description

Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2021, Continental generated sales of €33.8 billion and currently employs more than 190,000 people in 58 countries and markets. On October 8, 2021, the company celebrated its 150th anniversary. The ContiTech group sector develops and manufactures, for example, cross-material, environmentally friendly and intelligent products and systems for the automotive industry, railway engineering, mining, agriculture and other key industries. Guided by the vision of “smart and sustainable solutions beyond rubber,” the group sector draws on its long-standing knowledge of the industry and materials to open up new business opportunities by combining various materials with electronic components and individual services.

Job Description

Bachelors Degree preferably Major in Finance, Business, or Accounting.

2-5 years of professional experience in credit, collections, payment application, deductions, or other related accounts receivable functions.

Experience in Account Receivable processes - Credit and Collection, Cash Application. Knowledge in Billing, Credit, Debit and Goods return knowledge preferred.

Small group project or process improvement initiative

"Excellent verbal and written communication skills.

Excellent interpersonal skills and ability to work in a multi-cultural setup.

Qualifications

Reconcile all bank transmissions of lockbox/bank data daily to ensure all bank accounts are balanced to zero

Provide a defined reason for the out of balance condition

Downloading / Uploading of Bank Statement (BS) to know if there are incoming payments or deposits from customers that needs to be processed. BS summarizes deposits and other credits and checks and other debits.

Process Lockbox and identify payments not automatically captured by the system

Set up residuals according to the Residual Short Text Description Guide

Print remit detail of the bank’s remittance exceptions and resolve payment application issues.

Apply and record “unapplied cash” to customer accounts.

Retrieve remittance information from the Veyance.com address, move it the appropriate customer folder, and apply to open receivables when the payment is received.

• Retrieve EFT, ACH, wire remittance information received and input and process remittances against customer accounts and invoices.
• Check and Monitor NSFs and refunds and coordinate this to the collector assigned
• Process and post of intercompany payments
• Processing of Legg Payments
  
  

Additional Information

• Work effectively in teams, including multi-disciplinary teams
• Demonstrates even-tempered, tactful, considerate and pleasant behavior
• Presents and maintains a professional demeanor
• Self-starter, able to determine work steps based on management direction
• Takes initiative and asks clarifying questions as necessary
• Demonstrated ability to manage multiple priorities and follow through on projects to completion
• Maintains composure in a fast-paced, rapidly changing environment
• Consistently exhibits sound professional judgment
• Ability to identify and analyze issues, prioritize and quickly recommend and implement appropriate solutions
• Demonstrated ability to achieve successful outcomes in handling difficult situations, customers and suppliers
• Thinking critically and structuring analyses to solve poorly defined problems
• Basic project management skills, including understanding how to plan for own work in reasonable time frame and break tasks into achievable sub-tasks
• Strong analytical abilities, including ability to leverage Excel, Access and other quantitative analysis tools
• Strong business modeling experience
• Ability to effectively interact with many levels of management in both one-on-one and multi-disciplinary group settings
• Good written and oral communication skills
  
  

Ready to drive with Continental? Take the first step and fill in the online application.