Accounts Receivable Coordinator

_**Accounts Receivable Coordinator**_
- **up to £26k**_
- **Hybrid Working / SW London**_

I am currently recruiting for an experienced Accounts Receivable Coordinator to join a rapidly expanding, International Luxury Retail Group which houses some very attractive and brands This is a fantastic opportunity for someone driven, self-motivated andhard working to be a part of a collaborative and fun team
**Responsibilities will include**:

- To ensure that sales are accounted for accurately and in a timely manner.
- To ensure that cash is received from concessions and wholesales partners and standalone stores according to payment terms.
- To ensure that sales and cash received are fully reconciled with statements from third parties.
- To assist with preparing the information required to meet local statutory obligations.
- Provide daily sales information to the business

**Principal Accountabilities**:

- Post sales from stock system into the Sun accounting ledger
- Reconcile monthly sales between Sun and stock system, liaising with IT Dept to investigate and resolve any differences within short timescales.
- Post and reconcile other entries associated with sales transactions, e.g. commission and other concession costs.
- Update sales templates to reflect any changes made to contracts with Concession Partners.
- Accommodate any process changes in relation to posting and reconciling sales for the above entities.
- Work with IT to improve the process of finding and correcting sales misposted in the stock system, implement improved procedures where possible.

**To ensure that cash is received from partners and standalone stores according to payment terms**
- Produce monthly concession invoices and send to concession partners/upload to websites, liaising with overseas advisors where necessary.
- Produce and post wholesale invoices as and when required for the international entities, liaising with stock and wholesale department to ensure cash is collected within agreed terms.
- Chase partners where necessary to ensure payments are received to terms. Flag up any problematic partners with the Accounts Receivable Manager.
- Monitor timing of receipts against contractual payment terms agreed with Partners, ensuring that cash is collected within agreed timescales and any issues are investigated and resolved in a timely fashion.

**To ensure that sales and cash received are fully reconciled with statements from third parties.**
- Reconcile expected debtor balances to concessions' remittances monthly. Liaise with concession partners to resolve any differences.
- Reconcile expected debtor balances to wholesale partner's remittances monthly. Liaise with partners to resolve any differences.
- Allocate debtor balances within Sun system
- Ensure that Aged Debtor report is up to date on a weekly basis with respect to the above entities and any unallocated balances/overdue cash is supported with detailed explanation and backup.
- Reconcile commission rates to concessions' contracts, inform Commercial Team & Retail Operations of any differences to concessions' contract or to budget/forecast.

**To assist with preparing the information required to meet local statutory/compliance obligations.**
- Provide relevant audit schedules and be the main point of contact during the annual audit in relation to sales and debtor reconciliations.
- Work closely with the Management Accountants to provide historic back-up for preparation of various Financial Statements in relation to sales postings and debtor balances
- Produce Turnover Certificates where necessary, as requested by landlords or Concession Partners
- Ability to work well with other members of the Finance Team, including Senior Management
- Self-starter, able to multitask and use own initiative to take full ownership of the role
- Numeracy skills and analytical mindset
- Intermediate excel skills e.g. Pivot Tables, SUMIF formulas, IFERROR formulas
- Experience of working with accounts systems/posting journals
- Attention to detail and ability to work accurately within specified deadlines
- Actively pursuing or willing to pursue accounting qualification
- Good time management and communication skills
- A team player with the desire to help others during peak periods and a flexible attitude to work demands depending on business needs
- A positive 'can do' attitude