Accounts Receivable Administrator - Vactor Manufacturing (Administrative)
JOB RESPONSIBILITIES:
- Manage the DSO and Delinquency to meet corporate guidelines (FS Solutions & Vactor).
- Process all Cash Applications (Checks, ACH & Wires) for Elgin, FS Depot, FS Solutions & Vactor.
- Process all credit card transactions (FS Solutions & Vactor).
- Administer all Customer Payment Portals and ensure that our invoices are entered for payment.
- Review AR Aging Reports and Interact with Direct Customers to resolve issues that delay payment.
- Establish and Maintain Credit Limits on Direct Customer Accounts (FS Solutions & Vactor).
- Process Credit Applications, verify Bank & Trade References and review D&B Reports on potential accounts.
- Recommend Increase / Decrease to Customer's Existing Credit Limits based upon parts purchase & pay history.
- Maintain and update account information on P&A contractors. (FS Solutions & Vactor).
- Collection Calls on Direct Channel Accounts (FS Solutions and Vactor).
- Develop and Administer Repayment Programs on Delinquent Accounts.
- Issue “Credit Holds” & Demand Letters on Delinquent Accounts, and forward to Collection Agency if not resolved.
- Review Bad Debt Reserves (All ESG Divisions).
- Complete ESG Management Reports (ESG Divisions)
- Complete all End of Period Balancing & SOX Reports.
- Send out monthly statements for All Accounts (Elgin, FSD, FSS, Jetstream & Vactor).
- Work with the Sales Team on getting credits (pricing, errors & returned items) issued on a timely basis.
- Work with the FSS Director of Sales to resolve sales orders submitted w/o PO or Correct Payment Terms.
- Review a request for credit and decide within a timely manner whether orders will be accepted or declined.
- Review "Hold" or "Review" Status on Part Orders over their credit limit and decide if the order will be accepted and shipment will be allowed. (FS Solutions & Vactor).
- Provide credit references on direct channel accounts.
EXPERIENCE AND SKILLS REQUIRED:
- Must have excellent communication and organizational skills and be able to manage multiple tasks.
- Must be able to work as a team and build constructive relationships with internal and external customers.
- Must have the ability to solve problems and resolve issues in a timely manner.
- Cash Applications, AR Collections & Bookkeeping experience is preferred.
- JD Edwards, Payment Portal, Power BI Tool experience are preferred.
- Titling experience preferred.
EDUCATION REQUIRED: High school diploma. Bachelor's degree in finance, accounting or business preferred.
Salary Range - $24-28/hr
Benefits of Employment:
In addition to excellent career growth opportunities, Federal Signal Corporation offers a wide array of benefits including: annual bonus potential, insurance (life, medical, dental, vision), paid holidays, paid vacation, 401(k) with matching contributions and tuition reimbursement. We provide our employees with a smoke-free, drug-free workplace.
About Us:
Federal Signal Corporation (NYSE: FSS) provides products and services to protect people and our plant. Founded in 1901, Federal Signal is a leading global designer and manufacturer of products and total solutions that serve municipal, governmental, industrial and commercial customers. Headquartered in Oak Brook, IL, with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems.
For more information on Federal Signal, visit: www.federalsignal.com. The Company is an equal opportunity employer. Qualified applicants will not be discriminated against on the basis of, and will receive consideration for employment without regard to, race, color, religion, national origin, sex, sexual orientation, gender identity, age, disability, genetic information, status as a protected veteran, or any other protected category, characteristic, or trait under applicable law. If you require reasonable accommodation in the application process, contact Human Resources at HR@federalsignal.com. All other applications must be submitted online.
Vactor Mfg. Inc. is a leading manufacturer of municipal combination catch basin/sewer cleaning vacuum trucks and industrial vacuum loaders that clean up industrial waste or recover and recycle valuable raw materials. Vactor is located in Streator, IL and is a subsidiary of Federal Signal Corporation.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
