What are the responsibilities and job description for the Accounts Receivable Analyst position at Harvest Hill Beverage Company?
About Harvest Hill Beverage Company
Harvest Hill Beverage Company is one of the nation’s largest independent branded beverage producers, delivering consistent annual revenue growth, with sales of over $1 billion. The company was formed in June 2014 with the acquisition of Juicy Juice and further expanded with 3 subsequent acquisitions which were consolidated into one company in May 2017. Our portfolio of iconic brands includes SunnyD®, Juicy Juice®, Little HUG®, Daily’s Cocktails®, among many other specialty brands. We manufacture, market, and distribute across multi-channels including Grocery, Mass Merchandisers, Warehouse Clubs, Convenience, Foodservice, and Liquor Distributors.
Harvest Hill was recently acquired by Castillo Hermanos, a family-owned company and a leader in the Central American and Caribbean consumer market. The acquisition incorporates leading, scalable and complementary brands into the Castillo Hermanos beverage portfolio, giving it immediate access to main US retail outlets. The deal also facilitates the distribution of Castillo Hermanos’s brands, meeting nostalgia-driven demand from US Hispanic consumers.
Harvest Hill is headquartered in Stamford, CT with a nationwide network of manufacturing and distribution facilities, employing over 1,000 employees in the United States.
Position Summary
The Accounts Receivable Analyst role provides analytical expertise in managing customer portfolios to ensure receivables are paid within terms of sale. The role also ensures that deductions are identified and resolved within established timeframes and corporate guidelines. The Accounts Receivable Analyst works to prevent future deductions by performing root cause analysis and identifying process improvements and other solutions. This role is responsible for developing, supporting, and reporting key performance indicators as well as supporting the development and execution of cash operations strategies, projects, and initiatives.
Primary Position Responsibilities
Portfolio Reporting and Analysis: 30%
Harvest Hill Beverage Company is one of the nation’s largest independent branded beverage producers, delivering consistent annual revenue growth, with sales of over $1 billion. The company was formed in June 2014 with the acquisition of Juicy Juice and further expanded with 3 subsequent acquisitions which were consolidated into one company in May 2017. Our portfolio of iconic brands includes SunnyD®, Juicy Juice®, Little HUG®, Daily’s Cocktails®, among many other specialty brands. We manufacture, market, and distribute across multi-channels including Grocery, Mass Merchandisers, Warehouse Clubs, Convenience, Foodservice, and Liquor Distributors.
Harvest Hill was recently acquired by Castillo Hermanos, a family-owned company and a leader in the Central American and Caribbean consumer market. The acquisition incorporates leading, scalable and complementary brands into the Castillo Hermanos beverage portfolio, giving it immediate access to main US retail outlets. The deal also facilitates the distribution of Castillo Hermanos’s brands, meeting nostalgia-driven demand from US Hispanic consumers.
Harvest Hill is headquartered in Stamford, CT with a nationwide network of manufacturing and distribution facilities, employing over 1,000 employees in the United States.
Position Summary
The Accounts Receivable Analyst role provides analytical expertise in managing customer portfolios to ensure receivables are paid within terms of sale. The role also ensures that deductions are identified and resolved within established timeframes and corporate guidelines. The Accounts Receivable Analyst works to prevent future deductions by performing root cause analysis and identifying process improvements and other solutions. This role is responsible for developing, supporting, and reporting key performance indicators as well as supporting the development and execution of cash operations strategies, projects, and initiatives.
Primary Position Responsibilities
Portfolio Reporting and Analysis: 30%
- Analyze and communicate Customer and HHBC driven behaviors causing accounts receivable issues to include deduction activity and past due payment trends.
- Develop effective working partnership with customers, brokers and internal HHBC counterparts to identify and resolve noncompliant behavior/issues.
- Conduct business reviews on a periodic basis. May be customer facing or through teleconference.
- Utilize statistical methods to analyze customer payment behaviors and deduction trends, identifying patterns affecting accounts receivable.
- Utilize quantitative methods to analyze customer payment patterns and deduction trends, focusing on numerical metrics such as aging analysis and cash flow forecasting.
- A ctively participate on project teams as a part of the Customer Operations and Cash Operations organization to drive continuous improvements throughout the business.
- Manage payment performance of customer(s) within HHBC terms of sale, policies, and procedural guidelines.
- Perform prompt collection of past due receivables.
- Accurately identify, validate, and clear customer deductions according to established business processes and timelines, and within corporate guidelines.
- Perform prompt identification and collection of invalid deductions.
- Reduce incoming deductions by identifying process improvement opportunities. Initiate/Drive the reduction by engaging and utilizing support of appropriate internal and external stakeholders.
- Quantify and analyze payment performance metrics against HHBC terms of sale, identifying trends in past due receivables and developing numerical benchmarks for timely collections.
- Utilize statistical analysis to validate and clear customer deductions promptly, ensuring an efficient collection of invalid deductions
- BS/BA degree (or equivalent work experience)
- Demonstrated analytical and problem-solving skills
- Ability to work independently, creatively, and efficiently with minimal direction in an unstructured environment
- Strong planning and organization skills: ability to establish work plans, multi-task, and prioritize simultaneous projects
- Thorough and detail oriented
- Strong listening, verbal and written communication skills
- Advanced experience using Microsoft Windows, Excel and Word
- High proficiency with computer systems and enterprise software
- Experience in identifying, initiating and driving improvements to processes and work streams
- Energy, enthusiasm, commitment, courage, and entrepreneurial excitement