Credit and Accounts Receivable Specialist

Overview:
Paramount is looking for a Credit and Accounts Receivable Specialist to join the team! This person is responsible for managing a substantial portfolio of Ad Sales for Local TV Stations, including identifying and resolving discrepancies, maintaining a consistent payment pattern, and fostering strong client relationships. The role requires the use of various collection methods and techniques to optimize cash flow and minimize bad debt risk. As a key player within the organization, the Collector directly impacts Paramount Global's financial results. This position is part of the Order to Cash team, based in Louisville.

Responsibilities include but are not limited to:

• Oversee Ad Sales TV Stations Collections portfolio varying from $10M- $125M
• Contact customers for the prompt collections and resolution of the aged receivables using various collection methods
• Keep adequate records of all contact made with customers
• Perform timely follow-up on accounts ensuring customers pay within payment terms
• Manage & resolve high volume of customer discrepancies (ensuring proper communication with ad sales & partners)
• Meet cash collection targets (Key Performance Indicators such as Cash targets, Aging, DSO, % of Overdue)
• Provide leadership with periodic cash forecast projections
• Work closely with other departments / functions to understand the specific issues causing payment delays; also directly involved in determining the most appropriate course of action (account credit holds, payment plans)
• Prepare routine reports for the management team
• Organize and participate in the periodic aging reviews with Management
• Support customer's ad-hoc requests (statement of accounts, invoice copies, backup documentation, accounts reconciliations, etc.)
• Work closely with various departments, playing an active role during month end close activities
• Ensure that Accounts Receivable ledgers are properly managed
• Support the Cash Application team in the account reconciliation process (addressing cash application issues and following-up with customers on missing documentation & remittances)
• Provide detailed backup explanation of outstanding AR balances to both internal & external auditors
• Prepare Discrepancy reports for Sales Management
• Provide immediate escalation of any concerns such as changes in the customers payment trends
• Prepare customer refund requests
• Advise Credit department in a timely manner of all accounts experiencing financial difficulties
• Run, prepare and analyze various reports, including the discrepancy report, cash package and monthly aging reports
• Prepare cash forecast reports for month end expectations for Manager's review
• Work within a team environment to achieve established common goals and deadlines, including established Cash targets
• Work on month end close jointly with OTC center of excellence hubs and controllership teams. During critical times, this may include applying cash
• Embrace technology changes and forward AI solutions

Requirements:

• 0-3+ years of pertinent working experience in a similar role in Accounts Receivable, Credit, Collections and/or Billing
• Degree in Business, Accounting, Finance or other pertinent fields preferred
• General knowledge of accounting principles a plus
• Strong knowledge of Microsoft Office -Excel & Word
• Strong communication skills (oral, written, interpersonal)
• Strong Analytical and problem solving skills
• Ability to multi-task, prioritize and deal with ambiguity
• Demonstrated the ability to be a great teammate and possess strong work ethic and integrity
• Ability to operate in a fast paced environment and meet critical deadlines
• Demonstrate excellent organizational skills
• Demonstrate strong interpersonal skills
• Ability to adapt to organizational transformation
• Flexibility with work schedule
• Collections experience a plus
• Language skill a plus
• Experience in media industry a plus
• ERP or financial system experience a plus (SAP, Oracle a +)

Measurements:

• Percentage reduction of overall A/R
• Established monthly cash goals
• Quarterly goal of over 90+ percentage
• Reduction of Discrepancies
• DSO calculations

Paramount Global (NASDAQ: PARA, PARAA) is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic studios, networks and streaming services, Paramount's portfolio of consumer brands includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. Paramount delivers the largest share of the U.S. television audience and boasts one of the industry's most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, the company provides powerful capabilities in production, distribution and advertising solutions.

ADDITIONAL INFORMATION

Hiring Salary Range: $$43,920.00 - $48,800.00. The hiring salary range for this position applies to New York, California, Colorado, Washington state, and most other geographies. Starting pay for the successful applicant depends on a variety of job-related factors, including but not limited to geographic location, market demands, experience, training, and education. The benefits available for this position include medical, dental, vision, 401(k) plan, life insurance coverage, disability benefits, tuition assistance program and PTO or, if applicable, as otherwise dictated by the appropriate Collective Bargaining Agreement.

https://www.paramount.com/careers/benefits

Paramount is an equal opportunity employer (EOE) including disability/vet.

At Paramount, the spirit of inclusion feeds into everything that we do, on-screen and off. From the programming and movies we create to employee benefits/programs and social impact outreach initiatives, we believe that opportunity, access, resources and rewards should be available to and for the benefit of all. Paramount is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employment opportunity regardless of race, color, ethnicity, ancestry, religion, creed, sex, national origin, sexual orientation, age, citizenship status, marital status, disability, gender identity, gender expression, and Veteran status.

If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access https://www.paramount.com/careers as a result of your disability. You can request reasonable accommodations by calling 212.846.5500 or by sending an email to [email protected]. Only messages left for this purpose will be returned.