LGE Canada

Treasury Associate

Location CA-ON-Toronto
Posted Date 2 weeks ago(2/6/2018 4:17 PM)
Job ID
2018-1559
# Positions
1
Category
Accounting/Finance

Overview

Treasury Associate is responsible for cash management, corporate card management, customer account set-up/modification, credit insurance claims, and bad AR monitoring and other treasury/credit tasks as assigned by the Credit Manager.

Responsibilities

1. Cash Management:

  • Run Affiliate AR/AP netting process & follow-up aged items
  • Run regular/irregular payments (Wire/EFT/Cheque /EDI)
  • Weekly Clean-up Pre-Authorized Payment Transactions
  • Assist Bank Reconciliation for Month-end Closing
  • Bank / RTC (Regional Treasury Center) relation

2. Corporate Card Management:

  • CC Administration (New Card Issue/Renew/Termination)
  • Effective communication with employees for overdue & improper claims
  • Credit card limit & status review
  • Communiacation with credit card compnay for the employees
  • Monitoring card aging
  • Timely accounts reconsiliation

3. Customer Account Management:

  • Process new credit applications for specific sales channels
  • Determine if customers’ credit is worthiness or if it is risk potential.
  • Analyze credit data and financial statements
  • Escalate notification to Sales Managers, Insurers, and A/R Manager of any accounts who have failed to credit assessment.
  • Call customers who are over the credit limit and negotiate a pay down of their outstanding balances.
  • Recommend legal action or termination of service where payment is not forthcoming.
  • Monitor customers that are public companies for breaking news and releases

4. Credit Insurance:

  • If any changes, update and share them with insurers in a timely manner.
  • Manage and maintain customers’ portfolios
  • Verify and review all endorsements from insurance companies.
  • Prepare seasonal credit limit based on sales forecast.
  • Process insurance premium payments/Communication with HQ in terms of insurance changes.
  • Prepare all documentations to file a claim for default and bankruptcy.
  • Monitor and follow up requests from insurers and buyers
  • Risk Management Projects for Treasury/Credit Functions
  • Treasury/Credit Regular/Irregular Reports
  • Updating Current Forms/Policies and Procedure.
  • Assist the manager with special projects when required

 

 

Qualifications

  • Post-Secondary Education or equivalent work experience
  • 1 + years of Treasury or Credit or Accounting/Finance experience in the retail or consumer packaged goods industry.
  • Familiarity with Accounts Receivable, Accounts Payable, Insurance Policy & Procedure
  • Intermediate computer skills, including Excel,  Word and PowerPoint
  • Excellent verbal and written communication skills in English (Korean is an asset).
  • Ability to work well in a high stress environment with minimal supervision.
  • Ability to work well in a team environment.
  • Highly motivated, goals oriented individual who enjoys customer contact and is passionate about problem solving.
  • Ability to multi-task with various competing priorities
  • High Sense of Security/Confidentiality
  • Strong attention to detail
  • Maintain the highest standards of ethical conduct
  • Korean language is an asset

LG Electronics Canada Inc., is an Equal Opportunity Employer.   In accordance with the Accessibility for Ontarians with Disabilities Act (AODA), and the Ontario Human Rights Code, LG Electronics Canada Inc., will provide accommodations throughout the recruitment, selection and/or assessment process to applicants with disabilities.   If selected to participate in the recruitment, selection and/or assessment process, please inform LG’s Human Resources staff of the nature of any accommodation(s) that you may require in respect of any materials or processes used to ensure your equal participation.  

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