Job Description

Job Number: 62519
Group: Cosma International
Division: Modatek Systems
Job Type: Permanent/Regular
Location: MILTON
Work Style:

About us

We see a future where everyone can live and move without limitations. That\'s why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.

Forward. For all.

Group Summary

Cosma provides a comprehensive range of body, chassis and engineering solutions to global customers. Through our robust product engineering, outstanding tooling capabilities and diverse process expertise, we continue to bring lightweight and innovative products to market.

About the Role

The Accounting Administrator - Accounts Receivable is responsible for processing billings, matching customer payments to billings, ensuring proper account classification of transactions, reconciling accounts, and resolving receivable issues with customers daily banking duties.

Your Responsibilities

• Ensure production invoices are posted for all shipments on a timely basis in the correct period of sale and in accordance with the terms and conditions of the Customer Purhase Order (CPO)
• Reviews selling price on invoices and follows up with Commercial department if discrepancy in payments.
• Perform manually tooling and prototype invoices in timely manner and ensure proper backup is approved and load documents to customer portal.
• Verify proper GL account classifications for Sales/Receivables
• Ensures taxes are correctly recorded on billings and in the accounts.
• Matches customer cash receipts against invoices in the subledgers, processes daily bank transactions and other cash receipt entries in CMS.
• Update payment log daily when EFTs, or cheques are cashed accordingly. Perform Journal entry for outstanding at month end.
• Check bank exceptions daily and notify leader in a timely manner.
• Tracks payment discrepancies and follows up internally with Commercial/sales force and if appropriate with the customer.
• Identify deductions from customer payment are follow up internally with materials/QA for confirmation and processed to correct GL.
• Monitors AR Aging ensuring overdue amounts are identify and pursued for collection on a timely basis.
• Provide AR Analysis for month end reporting. Over 90 days/tooling/info for stats file
• Provides the necessary account reconciliations for receivables (External and intercompany) and prepares period end entries to accrue receivables using standard templates.
• Prepares customer credit memos, ensures proper supporting documentation, and obtains authorization to post.
• Prepares debit memos to vendors and credit invoices for all steel resale (BGM, GM, FCA, Ford, Venture Steel) Post all invoices / credit/ debits monthly and organizes and prints steel resale credits on resale tracker to ensure proper flowthrough charges are made.
• Preparation of daily bank reconciliation
• Setup and maintain new customers in ERP system.
• Develops an understanding of the business process within the company that affect their role.
• Follows and complies with all Operational Procedures and Policies as outlined in the Employee Handbook Quality and Environment programs (I.e., TS16949, ISO14001)
• Understands, promotes and lives by Magna\'s philosophies and Employee Charter
• Adheres to Modatek\'s core values, integrity, respect, trust, honesty, fairness and loyalty.
• Performs other duties as required.

Who we are looking for

• Post Secondary education in accounting, or with substancial related work experience to be considered equivalent
• One (1) Year experience with accounts receivable
• Experience with an ERP or Accounting System, preference will be given to those with CMS experience
• Advanced level experience with Micorsoft Excel ( Lookups, Pivot Tables)
• Strong Verbal And Written Communication skills
• Strong Organizational, interpersonal and problem solving skills
• Demonstrates the ability to work effectively within team environment
• Strong attention to detail
• Ability to work overtime to met customer needs
• Ability to uphold confidentiality
• Ability to work with Team Members from other Departments is essential

Your preferred qualifications

Accommodations for disabilities in relation to the job selection process are available upon request.

What we offer

At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.

Site Benefits

Awareness. Unity. Empowerment.

At Magna, we believe that a diverse workforce is critical to our success. That\'s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email to comply with GDPR requirements and your local Data Privacy Law.

Magna International