What are the responsibilities and job description for the Treasury Specialist position at LG Energy Solution Michigan, Inc.?
Treasury Specialist
Company Overview
LG Energy Solution Vertech, Inc. (LGES Vertech) is a full-service energy storage system supplier and integrator. Using our core strengths of expert service to our customers, unparalleled safety, and excellence in manufacturing, we bring standardized, fully integrated energy storage systems to a rapidly growing worldwide market. Our systems address our customers' needs to reduce capital equipment and installation costs while enhancing system level performance and reliability using automated monitoring systems and analytics across the battery, power conditioning and auxiliary systems. Our AEROS® energy operating system is the engine of innovation to provide advanced control functions allowing our customers to maximize the value of their energy storage assets. Our service capabilities include advanced monitoring and analytics, scheduled maintenance, augmentation, and auxiliary system upgrades. The combination of excellence in battery technology and production coupled with nearly two decades of energy storage integration makes LGES Vertech a leading supplier and integrator in the power and energy markets.
LGES Vertech is a highly matrixed, team-oriented organization that fosters cross functional collaboration and innovation. The company seeks high caliber candidates with proven experience and with characteristics that embody our corporate commitment to the virtues of humble, hungry and smart in all we do. Our diverse and growing team enjoys competitive salaries, generous benefits, including 100% employer sponsored medical, dental, vision, life and disability insurance.
For more information about LGESVT, please visit www.lgensol-vt.com.
Position Overview
We are seeking a detail-oriented and proactive Staff Accountant to support our finance team with a focus on payment review, voucher processing, and payment executions. This role is critical to ensuring compliance with internal policies and accurate expense reporting, while supporting efficient financial operations.
Primary Responsibilities
- Handle documentation of Letter of Credit and performance guarantee
- Be the first respondent to the bank requests such as KYC and Onboarding process
- Prepare weekly accounts receivable aging list and past dues, and take responsibility for collection process
- Generate AR invoice based on milestone and provide lien waivers based on contractual requirements
- Ensure the credit insurance covers in accordance with AR risk management guidelines
- Assist in applying for credit insurance, yearly renewal processes, and initiate claim action if necessary.
- Assist forecasting short-term and long-term cash flow
- Prepare payments to vendors. Create payment list and communicate with North America Treasury team before making final payments
- Manage open invoices, monitor duplicated data entries to ensure trustworthy payments
- Validate project milestone payments and monitor AP Aging
- Provide guidance vendor on-boarding process to relevant parties.
- Assist with master data management (MDM) tasks by reviewing requests for creation or updates of vendor, customer, and employee master records, and collaborate with internal departments to ensure consistency and accuracy of master data across finance-related systems.
- Troubleshoot systematic obstacles to deliver payment items.
- Contribute to continuous process improvements in T&E, accounts payable, and master data workflows to enhance efficiency and compliance.
- Support internal and external audits by preparing required documentation related to payments.
- Perform other accounting or administrative duties as assigned by the finance team.
Key Knowledge, Skills and Abilities
Required:
Desired:
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Salary : $75,000 - $90,000
