About the position
Manage the process of Credit & Collections, Cash Application, and Forecasting, including the analysis of digital advertising and partnership revenue and account receivables. This position will be providing leadership with weekly and monthly account receivable and cash application reconciliation, invoicing, and outstanding balance of the receivables. In addition, this role will have the majority of the responsibility in managing our 3rd party vendors (Sidetrade, Salesforce, Global Hawk) and directly with NERP, providing analysis and reconciliations, as well as updating leadership on a weekly and monthly basis. Conduct various financial analyses and ad-hoc reports. Assist month-end closing, finance policy and process set up impacting P&L. Forecast, review, coordinate, monitor, and assist in the preparation of financial reporting and analysis, cash application, and credit risk assessment.
Responsibilities
- Assess credit worthiness of new and existing customers
- Establish and maintain credit limits based on financial analysis
- Monitor accounts for compliance with credit policies
- Manage new customer onboarding process from code creation to credit limit approval
- Monitor customer credit line expiration and manage the credit line in system
- Manage credit limits and align with credit insurance guidelines
- Update credit limits and credit risk assessments in SAP and Salesforce
- Approve Insertion Orders based on AR outstanding balance and credit assessment
- Manage collection efforts for current and overdue accounts, coordinating follow-ups with internal and external partners
- Develop and maintain relationships with customers to facilitate collections
- Report on collection metrics and recommend strategies to improve collection rates
- Oversee and manage the monthly and quarterly collection and cash flow forecasting
- Manage and oversee the interface and account management between Sidetrade, Salesforce, and NERP
- Manage and oversee the interface, accounting, and credit card transactions within and between AdYen, Samsung Ad Manager, and our BofA lockbox
- Distribute invoices and update payment status accurately and promptly
- Maintain accurate records of all accounts receivable transactions
- Reconcile accounts and resolve discrepancies in a timely manner
- Apply customer payments to the appropriate accounts accurately
- Investigate and resolve payment discrepancies
- Collaborate with internal partners to ensure accurate billing and collections
- Analyze historical data and trends to prepare cash flow forecasts
- Provide insights and recommendations to management regarding cash flow and credit limits
- Assist in developing financial models to support forecasting efforts
- Provide monthly and weekly reports, inclusive of AR Analysis reports, Cash Application and payment trend analysis, Daily, Weekly, and Monthly collection and revenue recognition analysis
- Assist in the communication and meeting with HQ/VD Finance, inclusive of summarized memorandum, detail analysis and updates of AR accounts and variances.
Requirements
- Bachelor's Degree in business, finance or related field with 5+ years of experience
- Prior experience in accounting reporting, financial modeling, budgeting, FP&A and/or audits preferred
- Previous experience in the advertising industry, content & service provider, digital ads business a plus
- Prior experience in Collections, Accounts Receivables, and Cash Applications
- Experience planning and managing strategic and operational projects is desired
- Advanced skills in MS excel (Pivot tables/Macros), PowerPoint, and SAP
- Knowledgeable, from an IT perspective as well, in SAP, Salesforce, collection and cash application platforms, and Order Management systems.
Nice-to-haves
- MBA/CPA a plus
Benefits
- Medical
- Dental
- Vision
- Life Insurance
- 401(k)
- Employee Purchase Program
- Tuition Assistance (after 6 months)
- Paid Time Off
- Student Loan Program (after 6 months)
- Wellness Incentives
