AR Senior Analyst

Come Join an Inclusive Team

• The Senior AR Analyst position will report directly to the AR Manager/Team lead in Europe/NA/ASIA/AFMEI. The position key responsibilities are cash app, billing, rebates and agent commission calculations.
• The Senior AR Analyst position is responsible for the correct execution and performance of the Cash Application process on time and right first time and related issues resolution and leverage the system functionality to promote automation.
• The Senior AR Analyst position is responsible for third party customer invoices to ensure they are issued timely and accurately and for issuing manual invoices for miscellaneous activities upon request and follow up on non-billed deliveries with internal stakeholders and ensure a smooth month end close process.
• The Senior AR Analyst position responsibility includes manual rebate set up, manual accrual process, rebate settlement process and credit note issuance process and coordinate the quarterly rebate review validation process with internal stakeholders to ensure accurate reporting.
• The Senior AR Analyst performs KPI root cause analysis to support/drive improvements and proposes solutions to structural issues and provides support, training and guidance to other members of the team.
• The Senior AR Analyst should develop the relationship with business partners such as the Global Credit, Supply Chain, Sales, Tax and drive automation into the Rebate process, discuss issues at internal meetings to ensure alignment and manage expectations of internal customers.

A Day in the Life

• Analyze daily items that remain unposted or unclear during the cash application process and performs analysis to identify issues and propose possible solutions to improve performance and automation of AR cash application process.
• 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.
• Monitor billing invoice due lists, address issues and ensure resolution of queries prior to month end close.
• Record Journal entries for miscellaneous 3rd party invoices and file appropriate documentation.
• Run control reports daily, to check accuracy of E-Billing set-ups and liaise on changes with the Master Data team.
• Check and envelope invoices for assigned countries and process E-Billing documents.
• Issue invoices, cancel/rebill and credit/debit notes upon request from Customer Service.
• Create and review rebate agreements, book appropriate manual accruals, prepare rebate proposals and issue credit notes after approval.
• Interacts with Sales and Business/Marketing to get agreement on complex rebates.
• Monitor commission balance sheet account, analyze the difference between accrual and payout and propose commission. Initiates proposed payment for approval based on contract.
• Review, maintain, and recommend/implement changes to AR procedures to promote efficiency and to ensure global standardization.
• Prepares Global AR related accounts Account Reconciliations in Certification. Performs analysis of open and aged items. Reports reconciling items for follow up based on identified discrepancies.
• Perform Joint Venture reconciliations, cash clearings, booking of service claims.
• 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 aids and necessary documentation and reports to external Auditors (PwC) in support of regular SOx Audits and Revenue Recognition Audits.
• Focal point on SAP quarterly release process for AR activities regression testing as well as cross departmental testing and enhancements.
• Identifies system improvements and develops BRD (Business Requirement Document) to be submitted to IT requesting specific enhancements in SAP.
• Coordinates with team members and ensures that process documentation, work instructions and activities list of AR department are maintained and accurate.
• Responsible for Training new hires and provides refresher training to Team members.
• Performs controls and validations of departmental activities. Has a leading role in supporting the team on day to day operational issues.
• Act as internal focal point for all Rebate escalated matters and act as prime contact with Sales, Business, Order Fulfillment and Credit to facilitate strategic discussions and drive results and process improvements.
• Track KPIs and metrics and prepare a proactive action plan to the AR Manager/Team Lead, based on root cause analysis to eliminate issues and ensure on target performance.

You Bring This Value

• Bachelor’s degree required.
• Approximately 8 – 10 years of experience in finance with strong evidence of promoting innovation and efficiency by streamlining and standardizing business processes in an organization with similar operational scale and geographic footprint.
• 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.
• SAP experience preferred but not required.
• Strong computer skills and proficient in MS Office Suite including Word, Excel, Visio, PowerPoint and Access.
• Fluent in written and spoken English.
• Able to multitask and meet aggressive deadlines.
• Passion for driving continuous improvement.
• Excellent interpersonal and communication skills essential given diverse nature of operating landscape and cultural sensitivities.

Competencies

What We Offer

We offer an environment where we encourage personal and professional growth and where you will be rewarded for your performance and results. You will have the possibility to work with specialists on all fields to develop innovative solutions and to extend your national and international network. In addition, we offer you a competitive salary and benefits package.
LyondellBasell is committed to advancing diversity, equity & inclusion (DEI) to ensure a positive experience for all employees.

Application & Contact
Please send us your resume via the application button.
If you would like to learn more, please feel free to contact Anna Cichocka, HR Advisor at anna.cichocka@lyondellbasell.com 

#LI-Hybrid