www.destaco.com DE-STA-CO Auburn Hills : Accounts Payable/Receivable Specialist

Name Of the Company : DE-STA-CO
Company Location : Auburn Hills
Designation : Accounts Payable/Receivable Specialist
Country : United States of America

Official Website : http://www.destaco.com/careers.html

Careers :
Accounts Payable/Accounts Receivable Specialist :
Location : Auburn Hills, MI
Reports to : Shared Services Manager

Company Overview :
Destaco is the worldwide leader in the design, manufacture and support of clamping, gripping and transferring solutions for workplace and flexible automation needs. A wide family of brands enables Destaco to provide market-leading productivity improvement and cost reduction manufacturing solutions forcustomers in a wide range of industries. Destaco brings 100 years of experience to a global marketplace, with approximately half of its sales outside the United States, and manufacturing locations in North & South America, Europe and Asia.

Destaco is an operating company of Dover Corporation, a multi-billion dollar diversified global manufacturer headquartered in Downers Grove, Illinois. For nearly 60 years, Dover has focused on innovative equipment and components, specialty systems and support services through its four major operating segments : Energy, Engineered Systems, Fluids and Refrigeration & Food Equipment. The company is committed to being a leader in every market that we serve, with a focus on growth, talent and leadership to fulfill this mission.

Position Summary :
The Accounts Payable/Accounts Receivable Specialist is responsible for supporting the financial team in completing accounting processes and cycles for Destaco. 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 implementing company initiatives and best practices to ensure a healthy and compliant organization. He/she will assist in the completion of financial and business reporting efforts that support the achievement of Destaco strategic goals and objectives.

The Accounts Payable/Accounts Receivable Specialist reports to the Shared Service Manager who is a member of Destaco’s financial leadership team. The position is located out of the Americas Regional Office located in Auburn Hills, MI. The position assists with reporting for the region and requires communication at various levels across the organization.

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.
** Analyzes vendor accounts and negotiates extended terms with vendors.
** 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.
** Assists with copies of purchase orders and receivers to enable controls in accounting.
** Assists with foreign freight bill processing.
** Maintains/updates vendor information in AP system.
** Performs accounts payable month end close functions and reconciliations.
** Reconciles open invoices and uninvoiced receipts detail to the general ledger.
** Prepares monthly accrual for unentered liabilities.
** Interacts with vendors, purchasing and customer service departments.
** Manages W9, W8BEN, and 1099 process and various audits.
** Works within accounting as needed in resolving intercompany balances.

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.
** Evaluates credit worthiness through credit-scoring/reporting systems (D&B). Assesses, analyzes and interprets financial information for credit limit decisions. Evaluates new and existing customers toestablish credit lines consistent with company policy.
** 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.

Leadership Competencies aligned with Dover and executed in Destaco :
** Entrepreneurial Spirit : identifies opportunities to develop new solutions. Change agent, collaborates for results, manages risk, takes responsibility for all aspects of the organization
** Winning the Right Way : Creates a culture that is committed to the highest ethical standards, conducts business within those standards.
** Global Strategic Mindset : Has strategic vision, possesses long term focus, creates breakthrough strategies to alter competitive dynamics in the market and establishes a series of competitive advantages yielding profitability that exceeds expectations of the organization.
** Customer Value & Market Focus : Knows and understands the global market and global manufacturing best practices. Ensures superior value delivered to customers/markets.
** Results-Driven : Produces results that meet or exceed Dover standards of performance.
** Strong Business Acumen & Sound Judgment : Uses instinct and data to accurately assess business situations and industry trends; makes timely decisions.
** Builds & Manages Collaborative Relationships : Establishes and nurtures relationships to meet and exceed the expectations of key stakeholders and constituencies.
** Motivates & Inspires : Creates and drives change and encourages others to join in.
** Attract, Develop & Retain Talent : Recognizes and utilizes potential of all employees.
** Self-Awareness & Personal Development : Develops self-awareness. Seeks and accepts feedback, understands and maximizes strengths while developing new areas.

Job Requirements :
Experience :
** Five to Seven (5-7) years of experience in accounting, preferably in a manufacturing environment
** Experience in Accounts Payable/Accounts Receivable Customer Service or Collections
** Experience with creating and/or processing daily entries and reports, invoicing or billing
** Demonstrated knowledge of accounting processes and cycles
** Experience with Microsoft Office products, ERP system experience a plus

Knowledge, Skills & Abilities :
** Strong analytical and problem solving skills
** Strong Negotiation Skills
** Strong organizational skills, keeps timelines and meets deadlines
** High attention to detail, ensures accuracy in completion of work
** Ability to communicate and build relationships throughout the organization
** Excellent communicator including facilitation, verbal, and written skills

Education and Certification Qualifications:
** Bachelor’s degree in accounting or finance preferred

Application Procedure :
To apply for a position, please check out our job postings on Careerbuilder and LinkedIn.

Questions, inquiries, and resumes can be sent to recruitment@destaco.com.

Contact Postal Address :
DE-STA-CO
691 N. Squirrel Road, Suite 250
Auburn Hills, MI 48326
USA