OTC Collections Analyst

OTC Collections Analyst

Location: New York, NY 10036 (Onsite)

Duration: 9 Months (Extension Possible)

Pay Range: $25-$28/hr.

Schedule: 8:30 AM - 5:30 PM EST

Job Summary

Collection Analyst is responsible for maintaining a large volume of Ad Sales Linear Network portfolio, which includes managing, identifying & resolving discrepancies, along with maintaining an acceptable payment pattern and relationship with clients. The Collector will be challenged to use multiple collection methods / techniques to maximize cash flow and minimize bad debt risk. The Collector is a key player in the organization and impacts Paramount Global bottom line. The role is in the Order to Cash organization based in New York.

Description

• Oversee Linear Network Collections portfolio of approx. $175M – includes actively resolving discrepancies & translating to cash
• Actively collect $175M of Ad Sales Linear receivables
• Contacting customers for the prompt collection or resolution of the aged receivables using email, telephone calls,
• Keeping adequate records of call contacts with customers
• Performing follow-up's on accounts with significant aging or past due amounts
• Managing & solving customer discrepancies (ensuring proper communication with ad sales, csr's & stakeholders)
• Meeting individual cash collection Clients (Aging, DSO, % of Overdue, etc.)
• Providing the management team with periodic cash forecast projections
• Working closely with other departments / functions to understand the specific issues causing payment delays; also directly involved in determining the most appropriate course of action (account holds, payment plans, etc.)
• Preparing routine reports for the management team,
• Organize and participate in the periodic aging reviews with Director
• Supporting customer's ad-hoc requests (statement of accounts, invoice copies, backup documentation, accounts reconciliations, etc.)
• Working closely with various department, playing an active role during month end close activities
• Ensuring that Accounts Receivable ledgers are properly managed
• Supporting the Cash Application team in the account reconciliation process (addressing cash application issues and following-up with customers on missing documentation & remittances)
• Providing detailed backup explanation of AR balances to both internal & external auditors
• Prepare VP Discrep Sheets
• Providing immediate escalation of any concerns such as changes in the customers payment trends
• Prepare linear refund requests
• Advise Credit department in a timely manner of all accounts experiencing financial difficulties
• Run, prepare and analyze various reports, including the discrepancy report, Cash package and monthly aging reports
• Prepare linear month checks expected for Director's review
• Work within a team environment to achieve established common goals and deadlines, including established Linear cash Clients
• Work on month end close jointly with NY & Buenos Aires Team - may include applying cash

Requirements - Knowledge, Skills, and Abilities

• Bachelor's degree in Accounting, Finance or Economic preferred
• 2+ Years of experience is required
• General knowledge of accounting principles
• Strong knowledge of Microsoft Excel & Word
• Strong communication skills - oral, written, interpersonal
• Strong Analytical and problem-solving skills
• Ability to multi-task, prioritize and deal with ambiguity
• Flexibility with work schedule
• Demonstrated the ability to be a team player and possess strong work ethic and integrity
• Ability to operate in a fast paced environment and meet critical deadlines
• Self motivator and innovative
• Demonstrated excellent organizational skills
• Demonstrated strong interpersonal skills
• ERP experience is a nice to have, SAP is a plus
• Collections experience a plus
• Language skill a plus
• Experience in advertising industry a plus

Measurements

• Percentage reduction of overall A/R
• Established monthly cash goals
• Quarterly goal of over 90+ percentage
• Reduction of Discrepancies
• DSO calculations