Job Description

Job Summary (General Responsibilities):

Responsible for managing and executing day-to-day direction of the offshore Accounts Payable (AP) and team and coordinating with on-site resources to ensure timely processing of all invoices and other AP-related functions. Assures the efficient operation of the AP team by establishing priorities and acting as an authoritative source of information regarding policies pertaining to the invoice, data entry, travel and entertainment (T&E), and expense areas.

Responsible for directing and developing an assigned group of Accounts Receivable (AR) personnel (both onshore and offshore), manage credit risk, oversee collection and deductions processes, and ensure compliance with financial regulations. Assures the efficient operation of AR team through implementing policies and optimizing collection strategies to maximize cash flow.

Specific AP Responsibilities Include

• Provide daily guidance for offshore teams including, but not limited to setting goals, priorities and key performance indicators, measuring daily/weekly/monthly performance and ensuring they reach established performance targets.
• Maintain responsibility for accuracy of published daily/weekly/monthly AP key performance indicators.
• Assist in weekly payment cycle and cash flow management and partnership with the treasury team.
• Monitor on a weekly basis AP aging and the exception reports such as invoices on hold, invoices pending approval and pending G/L coding, helping AP staff resolve issues and minimize past due invoices.
• Timely handling of vendor complaints regarding invoice payments and determining acceptable solution.
• Establish and enforce policies and procedures for the AP functions.
• Oversee and support maintenance of Vendor Master files.
• Review accounts payable invoices for accuracy of G/L codes and proper authorization.
• Ensure timely processing of wires transfers, ACHs and issue checks and reconcile related accounts.
• Maintain a detailed understanding of the AP Sub-Ledger and the General Ledger.
• Assess and improve the processes in AP team to enhance internal controls and increase efficiencies, develop and document necessary processes and procedures and collaborate with Information Technology department to further automate key activities.
• Deliver or participate in the training of the AP staff members.
• Enforce T&E policy by way of expense submission, review, and reimbursement.
• Track T&E policy changes and the impact on overspend.
• Review and reconcile travel charges on credits cards and purchasing cards.
• Resolve escalated traveler issues in a timely fashion.
• Participate in month-end, quarter-end and year-end financial close.
• Engage with internal and external audits.
• Perform all other duties as assigned and required.
  
  

Specific AR Responsibilities Include

• Develop, monitor, and enhance all AR internal controls and processes in relation to the cash receipts applications and collections functions.
• Well versed in credit and collections best practices
• Manage a core group of A/R Specialists, Cash Application Specialists, and offshore team responsible for maintaining the detailed A/R Aging for all tenant accounts, collecting on open invoices and applying cash receipts.
• Drive and report on achievement of performance metrics for A/R Group to the Director, Global Compliance, including A/R administration and collections stats and trends.
• Manage efficient and consistently applied dispute resolution and cash collection processes, including effective root cause analysis and resolution.
• Supervise effective investigation and resolution of issues interfering with the proper application of cash receipts, including inadequate (or missing) information on checks, incorrect set-up in the system, etc.
• Manage the A/R team to ensure accurate and timely completion of standard processes and compliance with relevant standards and audit expectations.
• Develop effective relationships with all relevant internal and external customers to better understand, communicate and appropriately recommend action considering company/business specific risks.
• Ensure timely and accurate payment of all amounts/collections due.
• Advise to appropriate management of pending bankruptcies and other collections matters that should be properly escalated (i.e., issues that may impact timely collection of significant receivables).
• Oversee and engage with legal and debt recovery matters portfolio-wide to ensure maximum collection at minimal expense.
• Make recommendations to Management regarding the adequacy of the bad debt reserve.
• Work with Management to continuously build a best-in-class A/R department.
• Develop weekly reporting of Accounts Receivable aging/portfolio which includes invoices, debit and credit memo’s, and establish standard reporting for each collector and/or customer.
• Participate in month-end, quarter-end and year-end financial close.
• Engage with internal and external audits.
• Perform all other duties as assigned and required.
  
  

Education And Experience Requirements

• Bachelor’s degree in Accounting or equivalent experience is required.
• 5+ years of experience in Accounts Payable, T&E, Accounts Receivable and Cash application.
• Effective and strong verbal and written communications
• Strong analytical skills are required.
• Attention to detail and high-level of accuracy.
• Ability to multi-task.
• Strong accounting background is a plus.
• Excellent skills in managing offshore and onshore teams.
• High degree of proficiency in the Microsoft Office Suite of products including Word, Excel, PowerPoint, and Outlook.
• Knowledgeable and experience in Expense tool (Workday) is a plus.
• Experience with the ERP systems such as Oracle, SAP or PeopleSoft.
  
  

What You’re Getting Into

We’ve got big collaborative spaces for your big ideas, so bring an open mind and leave your suit in the closet. We all are committed to creating unique and rewarding consumer experiences. Everyone is interested in succeeding – for the team, for themselves and for the business. Cross-functionally and across the company, everyone has common goals and aspires to be their best.

You will learn something new or at least look at things differently every day. There are so many smart and creative people around that you’ll be motivated to pursue the ideal.

Team spirit is infectious. Belkin is an extremely open workplace, where communication is essential. Not every idea will be accepted, but you’ll be asked for your point of view. Innovation thrives on multiple and varied levels. At Belkin we challenge conventional wisdom and refuse to accept that something cannot be done.

Belkin is an Equal Opportunity and Affirmative Action Employer Disability and Veterans. We maintain a drug-free workplace.

All candidates applying for a job in the EMEA region, please review the Applicant Privacy notice HERE

Location:

El Segundo, California

Range For This Position

$80,000 - $100,000

Factors such as geographic location, academic credentials, relevant experience, and specific knowledge, skills and abilities will influence the actual salary offered. In addition to a competitive market-based salary, compensation also includes a performance-based bonus, and in addition to a full range of medical, financial, and/or other benefits. Further details can be found here.