OTC Collections Analyst

OTC Collections Analyst

Posted Today by Motion Recruitment

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Negotiable
Undetermined
Remote
New York, New York
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Accounting Account Reconciliation Accounts Receivable Bank Reconciliations Basic Accounting Principles Cash Application Days Sales Outstanding Debits And Credits Finance General Insurance Individual Life Insurance Ledgers (Accounting) Management Microsoft 365 Microsoft Excel Microsoft Word Month-End Closing Receivables Reconciliation Scheduling Stakeholder Management

Summary: The OTC Collections Analyst is responsible for managing a Linear Cable Collections portfolio of approximately $100M, focusing on resolving discrepancies and ensuring timely cash collection. The role involves direct communication with customers to collect aged receivables, maintaining accurate records, and collaborating with various departments to address payment delays. The analyst will also prepare reports, provide cash forecasts, and support the management team in achieving cash collection targets.

Key Responsibilities:

  • Oversee Linear Cable Collections portfolio of approx. $100M, resolving discrepancies and translating to cash.
  • Actively collect $100.0M of Ad Sales Linear receivables.
  • Contact customers for prompt collection or resolution of aged receivables.
  • Keep adequate records of call contacts with customers.
  • Perform follow-ups on accounts with significant aging or past due amounts.
  • Manage and solve customer discrepancies, ensuring proper communication with ad sales and stakeholders.
  • Meet individual cash collection targets (Aging, DSO, % of Overdue, etc.).
  • Provide management with periodic cash forecast projections.
  • Work closely with other departments to understand issues causing payment delays.
  • Prepare routine reports for the management team.
  • Organize and participate in periodic aging reviews with Director.
  • Support customers' ad-hoc requests (statement of accounts, invoice copies, etc.).
  • Work closely with various departments during month-end close activities.
  • Ensure Accounts Receivable ledgers are properly managed.
  • Support the Cash Application team in the account reconciliation process.
  • Provide detailed backup explanation of AR balances to auditors.
  • Prepare VP Discrep Sheets and linear refund requests.
  • Advise Credit department of accounts experiencing financial difficulties.
  • Run, prepare, and analyze various reports, including discrepancy and aging reports.
  • Prepare linear month checks for Directors' review.
  • Work within a team environment to achieve established goals and deadlines.
  • Work on month-end close jointly with NY & Buenos Aires Team.

Key Skills:

  • Bachelor's degree in Accounting, Finance, or Economics preferred.
  • 1+ years of experience acceptable.
  • General knowledge of accounting principles.
  • Strong knowledge of Microsoft Excel & Word.
  • Strong communication skills - oral, written, interpersonal.
  • Strong analytical and problem-solving skills.
  • Ability to multi-task, prioritize, and deal with ambiguity.
  • Flexibility with work schedule.
  • Demonstrated ability to be a team player with strong work ethic and integrity.
  • Ability to operate in a fast-paced environment and meet critical deadlines.
  • Self-motivator and innovative.
  • Demonstrated excellent organizational skills.
  • Demonstrated strong interpersonal skills.
  • Collections experience a plus.
  • Language skill a plus.
  • Experience in cable industry a plus.

Salary (Rate): undetermined

City: New York

Country: United States

Working Arrangements: remote

IR35 Status: undetermined

Seniority Level: undetermined

Industry: Other

Detailed Description From Employer:

Title: OTC Collections Analyst

Description:

• Oversee Linear Cable Collections portfolio of approx. $100M -includes actively resolving discrepancies & translating to cash

• Actively collect $100.0M of Ad Sales Linear receivables

• Contacting customers for the prompt collection or resolution of the aged receivables using email, telephone calls,

• Keeping adequate records of call contacts with customers

• Performing follow-ups on accounts with significant aging or past due amounts

• Managing & solving customer discrepancies (ensuring proper communication with ad sales, csrs & stakeholders)

• Meeting individual cash collection targets (Aging, DSO, % of Overdue, etc.)

• Providing the management team with periodic cash forecast projections

• Working closely with other departments / functions to understand the specific issues causing payment delays; also directly involved in determining the most appropriate course of action (account holds, payment plans, etc.)

• Preparing routine reports for the management team,

• Organize and participate in the periodic aging reviews with Director

• Supporting customers ad-hoc requests (statement of accounts, invoice copies, backup documentation, accounts reconciliations, etc.)

• Working closely with various department, playing an active role during month end close activities

• Ensuring that Accounts Receivable ledgers are properly managed

• Supporting the Cash Application team in the account reconciliation process (addressing cash application issues and following-up with customers on missing documentation & remittances)

• Providing detailed backup explanation of AR balances to both internal & external auditors

• Prepare VP Discrep Sheets

• Providing immediate escalation of any concerns such as changes in the customers payment trends

• Prepare linear refund requests

• Advise Credit department in a timely manner of all accounts experiencing financial difficulties

• Run, prepare and analyze various reports, including the discrepancy report, Cash package and monthly aging reports

• Prepare linear month checks expected for Directors review

• Work within a team environment to achieve established common goals and deadlines, including established Linear cash targets

• Work on month end close jointly with NY & Buenos Aires Team -may include applying cash

REQUIREMENTS - KNOWLEDGE, SKILLS & ABILITIES
• Bachelors degree in Accounting , Finance or Economic preferred
1+ Years of experience is acceptable
• General knowledge of accounting principles
• Strong knowledge of Microsoft Excel & Word
• Strong communication skills - oral, written, interpersonal
• Strong Analytical and problem-solving skills
• Ability to multi-task, prioritize and deal with ambiguity
• Flexibility with work schedule
• Demonstrated the ability to be a team player and possess strong work ethic and integrity
• Ability to operate in a fast paced environment and meet critical deadlines
• Self motivator and innovative
• Demonstrated excellent organizational skills
• Demonstrated strong interpersonal skills
• Collections experience a plus
• Language skill a plus
• Experience in cable industry a plus
MEASURMENTS
• Percentage reduction of overall A/R
• Established monthly cash goals
• Quarterly goal of over 90+ percentage
• Reduction of Discrepancies
• DSO calculations

Skills:



You will receive the following benefits:

  • Medical Insurance - Four medical plans to choose from for you and your family
  • Dental & Orthodontia Benefits
  • Vision Benefits
  • Health Savings Account (HSA)
  • Health and Dependent Care Flexible Spending Accounts
  • Voluntary Life Insurance, Long-Term & Short-Term Disability Insurance
  • Hospital Indemnity Insurance
  • 401(k) including match with pre and post-tax options
  • Paid Sick Time Leave
  • Legal and Identity Protection Plans
  • Pre-tax Commuter Benefit
  • 529 College Saver Plan

Motion Recruitment Partners (MRP) is an Equal Opportunity Employer. All applicants must be currently authorized to work on a full-time basis in the country for which they are applying, and no sponsorship is currently available. Accommodation will be provided in all parts of the hiring process as required under MRP’s Employment Accommodation policy. Applicants need to make their needs known in advance.

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