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AR Analyst - Cash Application

Location: 

Poznań, PL, 60-829

Req ID:  75765
Facility:  POZNAN-6731
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 2021, LyondellBasell was named to Fortune magazine’s list of the “World’s Most Admired Companies” for the fourth time in a row. More information about LyondellBasell can be found at www.LyondellBasell.com.

Basic Function

  • The AR Analyst position will report directly to the AR Manager/Team lead in Rotterdam /Houston/ASIA/AFMEI. The position key responsibilities include the timely application of incoming cash related to customer payments, resolving customer payment discrepancies and follow up/researching internal stakeholders requests.
  • The AR Analyst position is responsible for the correct execution and performance of the Cash Application process and related issues resolution and promote automation by reducing manual cash postings.
  • The AR Analyst position responsibility is timely and accurate preparation of AR related Account Reconciliations and support to Internal and External Audit as required, as well as support in the monthly analysis of KPI’s.
  • The AR Analyst should develop the relationship with business partners such as the Global Credit, Supply Chain, Sales, Tax and propose improvements to AR KPI’s, discuss issues at internal meetings to ensure alignment and manage expectations of internal customers.

Roles & Responsibilities

  • Analyze daily items that remain unposted or uncleared during the automated cash application process.
  • Perform analysis to identify cash application issues and propose possible solutions to improve performance and automation of AR cash postings.
  • Retrieval and  timely application of lock box and bank statements, identifying chargebacks, discount allowances, and making the necessary adjustments to A/R. 
  • Balancing and reconciling cash general ledgers which includes identifying and resolving discrepancies.
  • Prepares Global AR related Account Reconciliations by analyzing open and aged items. Reports reconciling items based on Account Reconciliation policy and follows up with responsible parties for resolution of unexplained balances.
  • On a quarterly basis provides support to external Auditors in support of regular SOx Audits and Revenue Recognition Audits.
  • Review, identify and recommend appropriate processes to ensure AR’s best results.
  • Maintain knowledge and understanding of AR related systems.
  • Coordinate with team members and ensure that process documentation, work instructions and activities lists of AR department are properly followed.
  • Reviews the monthly AR KPIs dashboard for low automated cash application rates and liaise with SME on root cause analysis and action plan.

Min. Qualifications

  • Bachelor’s degree preferred. Or 2 – 3  years of related experience and/or training; or equivalent combination of education and experience.
  • Experience in a global, fast-paced, dynamic and deadline driven environment.
  • Exposure to technical GAAP knowledge (USGAAP, IFRS and local country) related to a wide variety of topics, with the ability to extract appropriate accounting elements from business deals/ contracts.
  • Experience with Internal Controls and SOx/404 requirements will be considered an asset.
  • SAP preferred but not required.
  • Strong computer skills and proficient in MS Office Suite including Word, Excel, Visio, PowerPoint and Access.
  • Able to multitask and meet aggressive deadlines.
  • Passion for driving continuous improvement.
  • Good interpersonal and communication skills essential given diverse nature of operating landscape and cultural sensitivities.
  • Language requirement according to the Region and English required.

Competencies

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

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