Position Summary:

Job Responsibilities: North America Businesses - The person shall be responsible for the daily processing and reconciliation of payments received from customers via online banking resource into the ERP system of the Regal business units supported. Ensures that appropriate classification of charge back, discount, write-off, adjustments, miscellaneous checks, etc. are keyed in accordingly. He/she would also be responsible for check banking, debit/credit note processing, offsetting and netting application. The person would also handle month end reporting such as but not limited to, Intercompany SOA, Interco confirmation, AR aging, Bank recon (receipts) clearing and Collection report. In addition, he/she will be responsible for customer service activities such as coordination/communication with client business units or with counterpart team offshore regarding issues delaying payment application or any discrepancy found to his/her counterpart or Credit and Collection Department. Maintains all accounts receivable files, follows up on exceptions beyond certain parameters. Perform other duties as may be assigned. Adheres to business unit’s defined metrics.

Job Qualifications

Bachelor’s Degree preferably in Accounting or FinancePreferably with at least 5 years working experience, 2 year of which should be in accounts receivable processing using a banking software

Specific Knowledge/Skills:

Practical Knowledge in ERP Applications (Oracle, Esker, any applicable Finance ERP)Proficient in MS Office applications (MS Word, Excel and PowerPoint)Internal Audit ControlSatisfactory performance and attendance recordObserves one business unit’s holidays but should be flexible to respond to business needSolid computer skills, MS officeGood verbal and written communication skillsAbility to interface with othersAbility to analyze and solve problems

Major Responsibilities:

Review and Apply PaymentsCreate & Apply Credit/Debit Memos3Research unidentified payments and missing details for proper postingWrite-off Over/Short PaymentsProcess general statistical data, operate calculating machine and other equipment incidental to the function.Balance cash postings to cash receipts

Balance receipts and reconcile daily work batches

Perform basic research of debits for customer claims and returns, and process the corresponding credits and/or denials.

Distribute credit copies and supporting documents, issue credits for customer claims and returns.

Identify and allocate ACH, checks and credit card payments and ensures that it is posted and distributed accurately within required time frames under conformity to the applicable internal controls and compliance requirements

Dispute discount that exceeded the allowable terms

Responsible for reconciling cash transactions and works with collections representative to resolve posting problems.

Apply some advanced skills and may adapt procedures and processes to meet the more complex requirements of the position

Travel: none

Language: English

About Regal Rexnord

Regal Rexnord is a $6.5B publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company’s electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company’s automation offering, comprised of controllers, drives, precision motors, and actuators, controls motion in applications ranging from factory automation to precision tools used in surgical applications. 

The Company’s end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.

Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.