For more than 100 years, Modine has solved the toughest thermal management challenges for mission-critical applications. Our purpose of Engineering a Cleaner, Healthier World™ means we are always evolving our portfolio of technologies to provide the latest heating, cooling, and ventilation solutions. Through the hard work of more than 11,000 employees worldwide, our Climate Solutions and Performance Technologies segments advance our purpose with systems that improve air quality, reduce energy and water consumption, lower harmful emissions, enable cleaner running vehicles, and use environmentally friendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (U.S.), with operations in North America, South America, Europe, and Asia. For more information about Modine, visit modine.com.
Position Description
This leadership position oversees all accounting related to Accounts Payable and Credit & Collections for Performance Technologies’ North American business. Responsibilities include staff supervision, process oversight and improvement, credit risk analysis and accounting control compliance. Our transactional environment is housed in SAP and features multiple ancillary software applications. This role interacts with many internal and external customers, and requires effective communication across multiple levels of the organization.
Key Responsibilities
- Lead and mentor transactional staff of roughly seven people (four of which are direct reports)
- Drive continuous improvement of A/R and A/P processes and tools
- Ensure compliance with documented accounting controls
- Oversee new and existing customer credit limits and payment terms:
- Analyze creditworthiness through use of credit rating reports, credit applications, purchase order reviews, and company financial statement analysis
- Minimize bad debt losses through effective credit limit and payment term management
- Collaborate with commercial teams to facilitate sales growth while mitigating credit risk
- Initiate credit holds, letters of credit and cash-in-advance credit terms when appropriate
- Coordinate customer aging reviews and corrective action plans. Lead root cause analysis and remediation of any process deficiencies driving aged receivables.
- Drive resolution of customer payment discrepancies through collaboration with Sales, Warranty, MP&L and others as appropriate
- Oversee the bad debt reserve and write-off processes
- Maintain A/R sub-ledger system in SAP, including testing and approval of software upgrades in cooperation with Information Technology
- Coordinate monthly closure of A/R and A/P modules in SAP
- Ensure proper ledger activity and month-end balances relating to A/R and A/P
- Prepare accurate and timely customer collection forecasts and analysis
- Monitor Accounts Payable transaction flows and troubleshoot constraints
- Oversee SAP invoicing process for intercompany sale transactions
- Monitor and control vendor master data changes
Required Education & Qualifications
- Bachelor’s Degree in accounting or finance or equivalent experience.
- 7+ years of relevant experience in a transactional environment
- Management experience preferred
- SAP experience preferred
- Outstanding verbal and written communications skills
- Excellent interpersonal and facilitation skills; high level of professionalism
- Disciplined self-starter with solid organizational skills and ability to multi-task
- Proficient in Microsoft applications (Word, Excel, PowerPoint, Outlook)
Why Choose Modine?
Health & Well-being:
- Day One
- Competitive health, dental & vision insurance coverage
- Employee Assistance Program
- After 90 days of continuous employment
- Maternity Leave (12 weeks at 100% pay)
- 8 weeks of short term disability leave paid at 100%
- 4 weeks of paid parental leave paid at 100%
- Paternity Leave (4 weeks at 100% pay)
Financial Benefits:
- 401k Retirement plan and company paid match
- Life Insurance
- Health Savings Account (HSA) with employer contribution
- Flexible Spending Accounts (FSA)
- Short Term Disability (company paid)
- Long Term Disability
Work-Life Balance:
- Competitive time-off policies
- Tuition Reimbursement
To view full benefits information: MyModine Benefits
Modine is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other characteristic protected by law. Modine provides a competitive benefit package, which could include paid vacation, short term disability, 401(k), health, dental, vision, life insurance, flex spending benefits, tuition reimbursement, Health Savings Account and much more. Human Resources will provide more detail upon your hiring.
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This position is not eligible for any form of sponsorship (e.g. OPT or H1B visa status) now or in the future. Only individuals authorized to work in the United States now and for the foreseeable future will be considered for this position.
