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Area Working Capital Specialist

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Kuehne+Nagel

2mo ago

  • Job
    Full-time
    Mid & Senior Level
  • Accounting & Tax
    Business, Operations & Strategy

AI generated summary

  • You need a bachelor's in finance/accounting, experience in AR/Billing roles, advanced financial literacy, Excel proficiency, strong communication, attention to detail, and problem-solving skills.
  • You will manage payments, monitor collections, reconcile accounts, prepare reports, mentor staff, assess credit risk, and align receivables strategies with business goals.

Requirements

  • Bachelor’s degree in finance, accounting, or a related field.
  • He/she has experience in roles such as Accounts Receivable Clerk, Billing Coordinator, or Credit Controller.
  • Advanced financial literacy, proficiency in accounting software, and strong analytical skills.
  • Excellent communication skills, attention to detail, and problem-solving to manage client relationships and ensure accurate financial records.
  • Proficient in Microsoft Excel

Responsibilities

  • Record and process incoming payments and make sure that it is applied to correct accounts and invoices before forwarding cash allocation to GS.
  • Monitor accounts for due/overdue payments and follow up with clients to ensure timely collections.
  • Daily bank reconciliation to ensure all payments are accounted for and properly posted.
  • Prepare regular reports on the status of accounts receivable and collections efforts for management review.
  • Oversee and mentor junior staff, providing guidance and support to ensure efficient workflow and adherence to policies.
  • Liaise with other departments and senior management to provide updates on receivables status and resolve any issues.
  • Set performance goals, monitor progress, and provide feedback to ensure team objectives are met.
  • Prepare and analyze aging reports to track overdue accounts and prioritize collection efforts.
  • Estimate and identify provisions for bad debts to accurately reflect potential losses in financial statements.
  • Assess the creditworthiness of new and existing clients to minimize financial risk.
  • Work closely with senior management and other departments to align accounts receivable strategies with overall business objectives.
  • Identify and mitigate risks related to credit and collections to protect the organization’s financial health.
  • Contribute to the development of long-term financial strategies by providing insights on receivables trends and cash flow projections.

FAQs

What is the primary responsibility of the Area Working Capital Specialist?

The primary responsibility of the Area Working Capital Specialist is to manage and process incoming payments, ensure accurate recording of transactions, monitor accounts for overdue payments, follow up with clients for collections, and maintain detailed records for financial reporting and audits.

What type of degree is required for this position?

A Bachelor’s degree in finance, accounting, or a related field is required for this position.

What experience is necessary for the Area Working Capital Specialist role?

Candidates should have experience in roles such as Accounts Receivable Clerk, Billing Coordinator, or Credit Controller.

Which software skills are important for this position?

Proficiency in accounting software and Microsoft Excel is important for this position.

What are the key skills needed for the Area Working Capital Specialist?

Key skills include advanced financial literacy, strong analytical skills, excellent communication abilities, attention to detail, and problem-solving skills to manage client relationships.

Is there any leadership responsibility associated with this role?

Yes, the Area Working Capital Specialist is responsible for overseeing and mentoring junior staff and ensuring efficient workflow and adherence to policies.

How does this role contribute to the organization’s financial strategy?

This role contributes by identifying and mitigating risks related to credit and collections, providing insights on receivables trends, and aligning accounts receivable strategies with overall business objectives.

Who should I contact if I have questions about the job application?

You can contact Francesca Atengco at francesca.atengco@kuehne-nagel.com for any questions regarding the job application.

What is the size and scope of Kuehne+Nagel as a company?

Kuehne+Nagel has over 80,000 employees at approximately 1,300 locations in over 100 countries, making it one of the world’s leading logistics companies.

Does Kuehne+Nagel promote diversity in the workplace?

Yes, Kuehne+Nagel is committed to diversity in their teams and stands for equal opportunity as an employer.

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Kuehne+Nagel

We shape the world of logistics by connecting people and goods through innovative and sustainable logistics solutions.

Transportation
Industry
10,001+
Employees
1890
Founded Year

Mission & Purpose

Kuehne + Nagel, a global logistics company with a significant presence in the UK, specialises in providing end-to-end logistics and supply chain solutions. Their core services encompass transportation, logistics, and supply chain management, offering tailored solutions for businesses across various industries. The ultimate mission of Kuehne + Nagel is to facilitate seamless global trade and commerce by optimising and enhancing the efficiency of supply chains. The company's purpose is to act as a strategic partner for its clients, delivering reliable and innovative logistics solutions that enable businesses to connect with markets, optimise distribution networks, and achieve operational excellence.