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
We are looking for team players who are curious enough to ask questions and explore new ideas, passionate enough to serve our customers, and ready to take ownership of challenges and grow with us. We are a team, first and foremost, and we take pride in our collaborative efforts! The Accounts Receivable Specialist is responsible for managing collection of customer’s accounts, minimizing Modine’s exposure to customer credit risk and bad debt, setting credit terms/limits for customers and ensuring customer short/overpayments are cleared in a timely manner. The Accounts Receivable Specialist will interact with various Modine groups to ensure Days Sales Outstanding (DSO), aging, and customer term changes are managed appropriately.
Key Responsibilities
- Reduce aged receivable balances through account reconciliation using customer web sites and proactive review of outstanding invoices.
- Reconcile customer accounts and perform clearings in SAP maintenance transactions.
- Prepare and distribute customer statements.
- Recommend customers for credit hold, work with internal sales group to implement LOC’s, CIA and/or seek legal action on past due customer accounts as necessary.
- Apply customer payments to assigned accounts.
- Manage the customer debit resolution process by proactively working with Inside Sales, Outside Sales, Warranty, Plant Personnel, and others as applicable. This includes responsibility for pricing reconciliations to ensure amount owed and due is accurate and resolved.
- Perform pricing reconciliations to remediate customer short and overpayments in a timely fashion.
- Minimize bad debt losses by performing customer credit analysis to adjust customer credit limits and payment terms and propose changes to the credit supervisor.
- Propose new customer credit limits and payment terms by analyzing credit worthiness and company stability through use of D&B reports, credit applications, purchase order reviews, and company financial statement analysis
Required Education & Qualifications
- Bachelor’s degree in Accounting, Finance or closely related field and 1+ years of relevant accounting or finance experience OR 5+ years of progressive, hands on experience in accounting or finance functions
- Refined proficiency in accounting software systems as well as Microsoft Excel.
- Strong knowledge of accounts receivable processes and practices.
- Excellent attention to detail in regards to data entry and analysis.
- Demonstrate problem solving abilities to manage working with internal and external teams.
- SAP experience preferred.
- Relevant certifications such as a Certified Accounts Receivable Associate or Certified Bookkeeper are a plus.
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.
