Accounts Receivable Analyst

Job Description

Job Description

Accounts Receivable Analyst

Warren, Ohio  

 

Company Overview:

Ajax Tocco Magnethermic (ATM), a subsidiary of ParkOhio , traces its roots back to the 1800s and has a rich history of excellence in induction heating and melting solutions. The present company was formed in 1959 when the Magnethermic Corporation acquired the assets of Ajax Electrothermic Corp. combining their expertise and capabilities.

Position Summary:

The Accounts Receivable Analyst will be responsible for duties relating to credit evaluation, billing, and collection processes. This role is tailored for a manufacturing environment that builds complex capital equipment utilizing milestone (progress) billing structures. You will be responsible for managing cash flow risks, structuring complex payment terms, and collaborating with project management and engineering teams to ensure billing milestones are achieved and collected on time.

Job Duties:

- Analyze purchase orders, sales quotes, and letters of credit to identify billing triggers.

- Partner with Project Managers and Engineering to track progress against contractual milestones (e.g., engineering approval, material procurement, factory acceptance testing, shipment, installation).

- Issue accurate and timely invoices matching complex milestone payment structures.

- Ensure billing processes comply with manufacturing revenue recognition standards.

- Evaluate the financial health of domestic and international customers buying high-value capital machinery.

- Structure secure payment terms using tools like Letters of Credit (L/Cs), bank guarantees, and progress deposits.

- Establish, monitor, and adjust customer credit terms and credit lines to balance sales growth with financial risk.

- Drive collection activities to minimize Days Sales Outstanding (DSO) and past-due balances.

- Act as a bridge between customers and internal technical teams to resolve disputes related to equipment performance, delays, or contract terms.

- Provide regular updates to executive leadership on cash flow forecasts, aging accounts, and high-risk collections.

- Assist with coordination of Capex Unbilled Report and match to monthly Capex invoicing.

- Managing a lettered portfolio for collections and follow established collection process

- Credit risk management duties will include performing special projects, requests and tasks as needed to ensure health of entire A/R processes, procedures and work instructions.

- Additional high profile and special mention Capex orders will require increased monitoring with cash flow forecasting.

What you need to be successful:

- Bachelor’s degree or 5+ years of relevant experience

- 2-3 years of experience in cash application and invoicing

- Proficiency in Excel

- Strong understanding of order to cash and cash flow operating cycle

Preferred Qualifications:

- Experience in manufacturing or heavy machinery environment

- Experience with milestone billing, progress payments and contract-heavy revenue cycles

_ Experience with IFS ERP system

 

 

*Other duties as assigned. *