Overview

Accounts Receivable Associate Job at LG Electronics Canada – Toronto, ON

The Accounts Receivable Associate is responsible for the collection, order releasing and reconciliation of active portfolio accounts.

The Associate ensures that LG receives prompt payments while adhering to established credit limits and overall adherence to credit policies and procedure.

PRINCIPAL RESPONSIBILITIES:
Order Approval:

  • Regularly review and release held orders for assigned accounts. Contact dealers to investigate and resolve issues on accounts
  • Notify Sales Representative on matters related to past-due invoices

Collections:

  • Regularly review aged trial balance to determine customers that have past-due invoices and contact them for payment status. Determine if payment has been sent and if not, negotiate the quickest possible payment of past-due account. Recommend legal action or termination of service where payment is not forthcoming
  • Call customers who are over the credit limit and negotiate a pay-down of their outstanding balances.
  • Escalate instances of delinquent accounts to AR Manager and recommend action

Account Reconciliation:

  • Identify, review and resolve any disputed items for assigned customers.
  • Review all confirmed credit notes for customers and offset them against invoices based on customers’ written authorization.

Daily Account Maintenance:

  • Complete regular offset report to reconcile past due invoices perform offset in Global ERP system
  • Inquiries
  • Respond to all requests for information from customers including sending monthly statements, copies of invoices or credit notes as needed.
  • Communicate discrepancies to management team

Other Duties:

  • Assist the AR manager with special projects as required.
  • Understand the business practice in order to assist the manager on team issues.

KNOWLEDGE, SKILLS AND ABILITIES:

  • Bachelor’s Degree or equivalent work experience
  • 3 – 5 years of Accounts Receivable experience
  • Basic knowledge of Accounts Receivable function
  • Intermediate computer skills, Excel, Word and PowerPoint
  • Must have strong mathematical skills
  • Excellent verbal and written communication skills in English (French is an asset).
  • Ability to handle high volumes with minimal supervision
  • Highly motivated, goal-oriented individual who has an ability to prioritize and manage expectations
  • High level of accuracy, efficiency and accountability

Note: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization.

The organization offers an attractive compensation package that encompasses a competitive salary and excellent benefits.

Conditions of Employment:

  • It is the candidate’s sole responsibility to obtain any work permits/visas or other authorizations which may be required to legally work in Canada prior to commencing employment.
  • Proof of Covid-19 vaccination is required before commencing employment, subject to any duty to accommodate under applicable human rights legislation.

Equal Opportunity Employer:
LG Electronics Canada, Inc. is strongly committed to diversity and inclusion and aims to create a healthy, accessible and rewarding work environment which highlights employees’ unique contributions to our company’s success. As an equal opportunity employer, we welcome applications from all to help us build a diverse workforce which reflects the diversity of our customers, and communities, in which we live and serve. LG Electronics Canada, Inc., will provide accommodations throughout the recruitment, selection and/or assessment process to applicants with disabilities. If selected to participate in the recruitment, selection and/or assessment process, please inform LG’s Human Resources staff of the nature of any accommodation(s) that you may require in respect of any materials or processes used to ensure your equal participation.

LG Electronics Canada, Inc. thanks all candidates for their interest; however only those selected to continue in the process will be contacted.

About the Company

Company: LG Electronics Canada –

Company Location:  Toronto, ON

Estimated Salary:

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About LG Electronics Canada -