Stoughton Trailers Work Values

Daily Duties at Stoughton Trailers :

Reviewed 446 applications per year for both the leasing and rental divisions. Performed credit reviews by reviewing commercial credit reports, personal credit reports, balance sheets, income statements, and any existing internal payment history. Used current ratio, debt to equity, EBIT, Net profit + depreciation + interest expense, and average receivable days, Counseled dealers and customers on approvals or denials. Worked to offer each lease the flexibility to fit the customer or Stoughton Trailer’s needs by changing the term, interest rate or payment. - Helped achieve a 72 million loan portfolio balance when budgeted for 66 million - Created a new credit policy from scratch to streamline the decision process by setting specific requirements to be met before approving. - Worked in a fast paced environment which improved my time management skills and improved my attention to detail. Collector: 10% of my time Reviewed the collection reports, took action through email, phone calls and through contacting the collection agency. Negotiated the price of a repossessed trailer based on what was still owed on the lease. Conducted a cost/benefit analysis to approve the sale and realized a profit or loss. - As a result of my actions, the write offs or bad debt for the leasing company were below 2% which was the lowest level in 30 years. Accountant: 50% of my time Reconciled the cash receipts against the general ledger by comparing bank statements to the internal system, reconciled trial balance in both the US and Canadian divisions. Reconciled accounts receivable for both US and Canada for the month end and updated the general ledger. - Examples of entries would be outstanding insurance checks, double postings of payments, or prepayments of leases. The internal system would only allow one payment per month. Everything else had to be tracked through Excel. Adjust Accounts Payable for both US and Canada for the month against new leases that were started verses the invoices that were billed from manufacturing. Filed Canadian Taxes for sales that were recognized in the specific provinces on a monthly basis and also year-end. - Introduced and updated a more efficient way to report to the Canadian Revenue Agency, through signing up online and registering a checking account for electronic payment. This action decreased the time that the payments were received from 3 weeks to two days. Performed audits on lease files, insurance and short term rental contracts on a monthly basis. Some of the audits performed were: - All new leases that were started in the month and verified that they are on the computer system correctly with the proper payment and interest rate and legal name. - Reviewed the UCC filing to make sure customer was properly named. - Reviewed all termed leases for the month and verify that the titles were sent out and the last payments had cleared. - Also verified that the UCC filing had been updated. - Performed audits on lease files, insurance and short term rental contracts monthly to see if there were any documents missing, followed up with any corrections that needed to be made. - Aided in the annual audit that McGladery did on all aspects of the leasing company.

What they like about Stoughton Trailers :

You give high priority to hiring firms with prestige. Market reputation and prestige of a firm may be determined through on-line research, and conversations with individuals working in your target industry. Note that firms "in the public eye" receive a great deal more critical publicity and attention than those operating with more anonymity. So as you assess your employment opportunities, be sure to seek out the positive aspects of the firm's reputation in addition to noting negative publicity the company may have received.

Tags

CPA, RECONCILIATION, JOURNAL ENTRY, FORECASTING, EXCEL, ACCOUNTING, Goals, general ledger, taxes, audits, Crystal Reports, accounts payable, accounts receivable, accountancy firm, accounting period, acid test, aquisition, allocate, amortisation, annual report, assets, audit, bad debt, balance sheet, broker, business cycle, business entity, capital, cash, cash flow, consistency, chief executive, conservatism, consolidation, cost, cost of goods sold, coupon, credit, current asset, current liability, current value, debtor, default, depreciation, director, dividend, earnings, entity, entry, equity, expense, external reporting, financial, fair value, financial gearing, financial reporting, fixed asset, fixed capital, fixed cost, forecast, format, forward, option, goodwill, gross, group, historical cost, historica, IASB, IFRS, income statement, interest, inventory, investors, investing, insider, information, leasing, legal, leverage, limited liability, liquidity, loan notes, loan stock, long term finance, management, margin, material, maturity, merger, matching, market value, memorandum, minority, net, net profit, nominal, net book value, operating, risk, parent, partnership, portfolio, shares, public, company, provision, prudence, purchases, audit opinion, realised, recognized, recognised, recognition, relevance, replacement, reserves, residual, retained, return, return on capital, return on total assets, revenue, revaluation, sales, invoice, segmental, secured loan, secured, share, stakeholders, sole, short, specific, statement, stepped, stewardship, stock, substance, subsidiary, stock markete, suppliers, total, trade, true, turnover, timeliness, understand, unlisted, unsecured, value to the business, variance, working capital, working, work, written

Skills

Excel, Microsoft Office, Microsoft Outlook, ERP systems, Auditing, Credit review, risk assessment, tax preparation, Accounting, CPA, Crystal reporting, SAS, Power Term Lite, Sales Force, Mars, Tandem, reconcile, reconcile, tax

These are some of the questions we asked our climbers about their experiences with Stoughton Trailers :