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Accounting Associate
Location:
Monroe, NC
Description:
Position Description Accounting Associate Company Overview Position Summary The Accounting Associate is responsible for supporting the financial team in completing accounting processes and cycles for ITEC. This position will have responsibilities in the Accounts Payable as well as Accounts Receivable function. He/she will be responsible for reviewing and completing daily transactions, invoicing, reconciliations and customer and vendor communication in an accurate and timely manner. He/she will assist in the completion of financial and business reporting efforts that support the achievement of the ITEC strategic goals and objectives. The Accounting Associate reports directly to the ITEC Controller. Position Title: Accounting Associate Location: Monroe, NC Reports to: Controller Key Job Responsibilities included but not limited to: Accounts Payable Pays vendors by monitoring discount opportunities; verifying federal id numbers; scheduling and preparing checks; resolving purchase order, contract, invoice, or payment discrepancies and documentation; insuring credit is received for outstanding memos; issuing stop-payments or requesting purchase order amendments. Reconciles vendor statements, researches and corrects discrepancies. Ensures invoices are properly coded to the appropriate expense or balance sheet account. Processes all supplier credit card payments and records in Expense Reporting System. Maintains/updates vendor information in AP system. Helps with accounts payable month end close functions and reconciliations. Interacts with vendors, purchasing and customer service departments. Accounts Receivable Assists with A/R activities including preparing, sending for approval and posting approved invoices. Reviews A/R credit requests and the processing of credit memos (requested for price protection, fees/rebates, customer chargebacks and returns/shortages/overages). Responsible for reviewing the weekly A/R Aging. Prepares debit memos to invoice or re-invoice customers for approved adjustments to correct invoices. Reviews, resolves and releases credit holds on customer orders. Responsible for all routine collection activity on assigned past-due accounts to reduce DSO goals. Researches customer payment history for credit reviews as needed. Communicates with internal/external customers concerning credit/collection related issues. Maintains customer credit files. Prepares bad debt reserve analysis. Negotiates payment agreements with delinquent customers. Manages cash application of lockbox and wire activity and processes credit card payments Enlists sales and senior management when necessary to accelerate the dispute resolution process. Monitors assigned accounts and identifies credit risk issues to minimizing loss (bad debt/write-offs). Actively works to recover debts owed to the company and manages collection agency relationships. Completes month-end and reconciliation receivable functions including open invoice listings, general ledger distribution reports, and un-invoiced receipts detail and balance all cash activity. Responsible for the accurate reconciliation during the month-end close process of the reconciliation of the AR subsidiary ledgers to the summary ledger. Assists in the preparation of year-end schedules and audits, as needed. Completes timely filing of reports, as required. Assists in ensuring compliance to GAAP and SARBOX policies & guidelines. Recommends improvements to quality of invoicing and collection procedures. Supports continuous improvement and lean initiatives that are implemented into the financial area. Accounting Functions Prepare daily reporting for management Prepare month end journal entries Other duties as needed Must be proficient in Excel. Prefer an Associates Degree in Accounting or prior experience
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More About this Listing: Accounting Associate
Accounting Associate is a Accounting & Finance Accountant Job at Itec located in Monroe NC. Find other listings like Accounting Associate by searching Oodle for Accounting & Finance Accountant Jobs.
Accounting Associate is a Accounting & Finance Accountant Job at Itec located in Monroe NC. Find other listings like Accounting Associate by searching Oodle for Accounting & Finance Accountant Jobs.