Ar + Cash Application Specialist

"We connect science to life for a better future."

LG Chem endeavors to become a 'Global Top 5 Chemical Company' with a balanced business portfolio that has a competitive advantage across the globe, including business divisions in petrochemicals, advanced materials, life sciences, and a subsidiary specializing in batteries.

We are actively searching for a Full Cycle AR and Cash Applications Specialist who is interested in joining a growing organization with career growth. The incoming will perform full cycle Accounts Receivable including preparing, posting, verifying customer payments and transactions, and creating invoices. Additionally, the incoming will process payments for customer accounts, accepting or rejecting a credit request and resolve payment issues. This position is based in our corporate office in the Buckhead area of Atlanta, GA. 100% paid benefits.

Responsibilities/Job Duties

Full Cycle AR

• Process accounting receivables and incoming payments in compliance with LG Chem finance policies.
• Perform daily financial transactions such as verifying, classifying, posting, computing and recording accounts receivables data for customer payments.
• Prepare bills receivable, invoices and bank deposits.
• Review and input system generated data, prepare journal entries and make adjustments for monthly close. Reconcile bank accounts and maintain records for accuracy
• Maintain and update customer files inclusive of name, address, point of contact as well as updating records due to merger/acquisition.
• Reconcile customer accounts regularly to ensure accuracy including Investigation and resolving any discrepancies in account balances
• Generate daily and quarterly AR-AP matching reports and Facilitate HQ communication
• Manage master data of customers

Cash

• Responsibilities include daily cash process, reviewing and analyzing net cash positioning, and planning for borrowing and investment activities. Additional responsibilities include daily cash management, cash forecasting and preparing general ledger transactions.
• Build strong relationships with internal stakeholders, LG Chem Businesses, third party banks and auditors
• Manage cash flow forecasts for all LG Chem entities in the North and South America.
• Experience minimizing operational and financial risk while maximizing the use of capital and liquidity including but not limited to all payment processing and managing payments such as ACH, AR Check Scanning and resolving payment issues.
• Experience initiating bank wire and ACH transactions and ensure cash policies are within LG Chem compliance.
• Maximize the use of capital and availability of liquidity while mitigating operational, financial, and reputational risk.

Additional responsibilities include but are not limited to:

• Perform data entry of vendor invoices, expense reports, various payment types, and credit memos in various currencies.
• Review and record invoices from vendors to ensure accuracy in billing and ensure proper approvals of all invoices to avoid paying unauthorized invoices and expenses
• Facilitates payment of vendors, matching documents with receiving transactions, reviewing purchase orders, and resolving discrepancies.
• Balance Trial Balance and Aging Reports.
• Handle all vendor correspondence via phone or email and maintain vendor files and collect necessary information for various reporting requirements.
• Investigate and resolve problems associated with processing of invoices.
• Prepare check requests, wire transfers, and ACH transactions.
• Reconcile various accounts monthly, bringing any discrepancies to the attention of the immediate manager.
• Bank & Credit Card reconciliations – using electronic bank feeds
• Generate monthly financial reports
• Perform timely and accurate production of weekly check-runs.
• Participate in the month/quarter/year end close process to ensure a proper cut-off of expenses, and timely posting of relevant transactions.
• Review and reconcile statements of accounts from suppliers
• Works closely with Treasurer and Finance Department Manager
• Process various client chargeable disbursements as needed
• Process service invoices, expense reports, and petty cash requirements
• Verify discounts, terms, and approvals for invoices and payment requests

Requirements/Basic Qualifications

• Bachelor's degree in finance or accounting or other related fields (business administration, economics, etc.) from an accredited university or program required.
• In-depth knowledge of Business Online Banking (Firm Banking)
• Experience building and maintaining strong relationships with customers, banks, and internal stakeholders in a large, matrixed, corporate environment.
• Ability to discuss accounting principles as these relate to Accounts Receivable, Cash and Cash Management, invoicing and payments required.
• Large ERP system required; SAP highly preferred.
• Excellent communication skills: verbal, written and presentation.
• Bilingual Proficiency - candidates who are conversational in English/Korean are preferred.
• Proficiency in the use of PC and Microsoft Office suite (Microsoft Excel, Power Point, Word etc.)
• Excellent analytical ability to effectively analyze large amounts of financial data.
• 4-5+ years of full cycle accounts Receivable experience.