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AR Analyst

Company Name:  Lyondell Chemical Company

Houston, TX, US, 77010

Req ID:  73564
Facility:  One Houston Center-130
Department:  AR & Invoicing North America
Division:  Finance

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2020, LyondellBasell was named to Fortune Magazine's list of the "World's Most Admired Companies" for the third consecutive year.

Basic Function

The AR Assistant will perform two functions. A) Cash Application or B.) Miscellaneous Invoicing C.) Agent Commission Calcuation 

The position of Accounts Assistant reports directly to the AR Supervisor in Houston. The AR & Invoicing team is part of the global Order to Cash Operations organization and is responsible for cash application and miscellaneous invoicing (including issue resolutions). Further, the team prepares and executes commission payments for NA agents and prepares AR related Account Reconciliations and support to Internal and External Audit as required. 

The position’s key responsibilities include the the timely application of all incoming Cash related to Customer payments, the issue of miscellaneous invoices on request and the preparation of agent commissions settlements.

Roles & Responsibilities

1) On a daily basis performs review of Cash Application items not processed automatically and clear open items to Customer accounts.So that incoming cash is applied to Customer accounts timely.    KPI reporting and Internal / External Customers feedback.

2) Issues manual entries for miscellaneous 3rd party invoices upon request , and files appropriate information.So that miscellaneous services and other costs are accounted for in the correct period and to the correct GL accounts and Cost elements.    Monthly review of miscellaneous invoicing performed by AR Supervisor.

3) Prepares AR related accounts  Account Reconciliations in Certification. So that Account reconciliations of AR accounts are performed in line with Company policies and Account Reconciliation standards.  Account Reconciliations in Certification are performed timely and in accordance with Company policy.

4) Performs third party sales agent commissions reconciliations and settlements, So that Sales commissions accruals and true-ups are timely and accurate and agents’ invoices are paid on time    Internal / External Customers feedback.

5) On request assists and provide necessary documentation to internal and external auditors in support of audits.  So that audits (internal and external) are sufficiently supported and required documentation is provided accurately and timely.  Audit reports and feedback from responsible parties / auditors.

Min. Qualifications

•    Bachelor’s Degree or University Degree, preferably in Accounting or Economics.

Previous Experience required: 
•    3 to 5 years experience in a large scale operations finance and accounting department is required. Relevant experience in Order to Cash processes and applications is preferable 

Licenses & Certifications:
•    Not applicable

Preferred Qualifications

•    Extensive knowledge and skills in Microsoft Office applications are required, advanced users of excel/access preferred. Prior experience with SAP ERP system required, knowledge of Hanse Orga Cash Application tool is a plus.
•    Good communication and teamwork skills are essential given the multicultural environment and the landscape in which our department operates.
•    Basic understanding of Accounting principles, USGAAP and IFRS knowledge are a plus.
•    Basic understanding of SOx/404 requirements and ability to work with Internal Controls, Internal and External Auditors.
•    Applies timely and accurately all customer payments not auto-applied by system, manually posts all wire transfers
•    Proactively communicates and provides supporting documentation to manager of pending and unresolved items 
•    Reconciles and resolves customer deductions and overpayments
•    Reconciliation of A/R postings – weekly, monthly
•    Preparation and arrangement of refunds to customers
•    Preparation and calcualation of Agent Commission Payments
•    Assists Credit personnel as requested
•    Strong analytical and problem solving skills.
•    Able to prioritize tasks, meet deadline, work under pressure and organize his / her work.
•    Able to recognize improvement opportunities and recommend actions to manager / leadership team.

Builds effective teams
Cultivates innovation
Customer focus
Demonstrates courage
Drives results
Ensures accountability
Instills trust and exemplifies integrity

Referral Bonus: $750.00

Nearest Major Market: Houston

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