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Senior Accounts Receivable & Credit Analyst at The Timken Company

Posted in General Business 30+ days ago.

Type: Full-Time
Location: King of Prussia, Pennsylvania

Job Description:

Your Career Begins at Timken
If you're ready for a challenging career that provides you with the ability to advance personally and professionally, look to Timken. Our associates make the world more productive by improving the efficiency and reliability of the machinery that keeps industry in motion.

Timken's Philadelphia Gear brand has a current opening at their headquarters in King of Prussia, PA for a Senior Accounts Receivable & Credit Analyst to lead the credit process for all domestic and international transactions, to develop credit policies and to ensure proper policy compliance to support corporate objectives.

Responsibilities Include:

  • Oversee business accounts receivable segment collections and credit management/analysis.
  • Establish and maintain policies and procedures regarding billing, collections, credit cards, inquiries and check cashing.
  • Approve and extend lines of credit to domestic and international customers.
  • Work to reduce accounts delinquency and improve DSO.
  • Perform daily risk management assessments.
  • Perform regular cash applications, including credit card payment processing.
  • Review and process invoicing to make sure consistent with customer PO/contracts.
  • Periodically generate Pro-Forma Invoices, Credit Memo's and Miscellaneous Invoices.
  • Monitor accounts and develop customer activity reports.
  • Authorize special payment terms of sale to minimize risk and maximize cash flow.
  • Maintain records of customer advances and retention balances.
  • Maintain contact with domestic and international customers,and internal sales and operations teamsto lead collections and coordinate dispute resolutions.
  • Provide international customers with necessary information to facilitate payment.
  • Maintain bank relationships for international transactions.
  • Maintain familiarity with government billings processes andexport regulations to ensure compliance and timely reconciliation.

Key Attributes:

  • Applicant must have 2-5 years of accounts receivable andcredit experience in a business and an understanding of ERP systems. Prior credit experience in a manufacturing business preferred.
  • Must have astrong understanding of AR related transactions.
  • A business related bachelors or associates degree from an accredited college or university.
  • Skilled in all basic MS Office products and strong analytical skills. Knowledge of EPICOR ERP and Wide Area Work Flow ("WAWF") a plus.
  • The ability to multi-task, set priorities, and meet deadlines with a high degree of accuracy and organization.
  • Ability to work as part of a team and the ability to interact with all levels of customers and internal support teams.
  • Ability to work with decentralized business groups remote geographical facilities within the business unit.
  • Strong communication skills (verbal & written).
  • Strong systemic mindset and problem-solving skills.

All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.

Join one of the World's Most Ethical Companies® - an honor we've received ten times.

The Timken Company designs a growing portfolio of engineered bearings and power transmission products that improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $3.8 billion in sales in 2019 and employs more than 17,000 people globally, operating from 42 countries.
Why Choose Timken?

  • Over a century of knowledge and innovation

  • A culture of top performance

  • A global, diverse environment

  • Products that contribute to a sustainable world

  • A conviction to improve communities around us

  • Competitive salary and benefits

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