Credit Assistant at Canal

Mississauga, Ontario, Canada

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Proven experience in an accounts receivable, credit, or finance administration role
Demonstrated proficiency with enterprise-level accounting software (e.g., Oracle) and document management systems (e.g., AODocs)
Knowledge of payment processing and bank reconciliation procedures
Excellent written and verbal communication skills, especially for professional collections and customer service
High degree of attention to detail and accuracy in all tasks
Familiarity with third-party payment systems (preferred)
Experience handling secure transfer of sensitive data (preferred)
Ability to thrive in a collaborative team environment and be a proactive team player (preferred)

Responsibilities

Process and apply payments: Check, process, and accurately apply all daily payments, including credit card transactions and physical cheque deposits, across multiple platforms (shared drive)
Conduct daily and weekly reconciliation of bank accounts against internal records to ensure transactional accuracy and data integrity
Manage the full customer credit application process, including creating new customer records, verifying initial information, gathering necessary internal/external reports and trade references, and accurately updating all systems with new credit terms
Handle new and outstanding collections (COPs), which involves direct communication with customers, requesting timely payment, scheduling and documenting payment plans, and meticulously logging all associated information
Respond promptly and professionally to all credit reference requests from other companies regarding mutual customers
Execute all necessary invoicing steps, including uploading invoices to customer platforms, editing invoices according to specific instructions, sending credit card payment links, and processing invoice adjustments and offsets
Send out statement of accounts to designated customers at the beginning of each month
Manage project information form requests, log and file critical documents and reports in the internal system, and securely transfer sensitive information (e.g., EFT details) via Adobe Secure Platform
Ensure all records and data files are refreshed on a monthly basis

Skills

Key technologies and capabilities for this role

Financial Management SoftwarePayment ProcessingBank ReconciliationCredit ApplicationsCollectionsInvoicingTrade ReferencesCustomer CommunicationData EntryRecord Keeping

Questions & Answers

Common questions about this position

Is this position remote or on-site?

This is an on-site position.

What skills are required for the Credit Assistant role?

Required skills include proven experience in accounts receivable, credit, or finance administration; proficiency with enterprise-level accounting software like Oracle and document management systems like AODocs; knowledge of payment processing and bank reconciliation procedures; and excellent written and verbal communication skills.

What is the salary or compensation for this role?

This information is not specified in the job description.

What is the company culture like for this team?

The company seeks a team player committed to collaboration and fostering a supportive, positive environment within the team.

What makes a strong candidate for this Credit Assistant position?

A strong candidate is detail-oriented, highly organized, a meticulous problem-solver with strong communication skills, and proficiency in financial management software, along with the required experience in accounts receivable or credit roles.

Canal

E-commerce platform for multi-brand selling

About Canal

ShopCanal.com is an e-commerce platform designed to support multi-brand selling for retailers, platforms, and creators. It allows businesses to sell products from various brands, which helps them attract more customers and increase sales. The platform operates on a co-selling model, enabling businesses to collaborate with brands they admire, which is a more effective approach than traditional affiliate marketing. This model not only enhances brand partnerships but also broadens the reach of businesses across the internet. ShopCanal likely generates revenue through a commission or fee structure, earning a percentage of the sales made on its platform. Users appreciate the platform for its user-friendly design and growth potential, recognizing the advantages of co-selling and brand collaborations. The goal of ShopCanal is to help its clients achieve their sales objectives more quickly and efficiently.

San Francisco, CaliforniaHeadquarters

2021Year Founded

$26.3MTotal Funding

SERIES_ACompany Stage

Consulting, Consumer GoodsIndustries

51-200Employees

Benefits

Competitive compensation packages

Unlimited PTO + 12 company holidays

Quality health, vision, & life insurance

401k plans with 3% employer contribution

Commuter benefits

Home office stipends

All-day snacks + dinner provided after 5:30pm

Risks

Increased competition from similar e-commerce platforms could dilute Canal's market share.

Economic downturns may impact Canal's revenue due to reduced consumer spending.

Reliance on commission-based revenue may be unsustainable if partner brands' sales decline.

Differentiation

Canal offers a curated network of over 165 brands for co-selling.

ShopCanal.com facilitates multi-brand selling, enhancing retailer and creator collaborations.

Canal's co-selling model is a stronger alternative to traditional affiliate marketing.

Upsides

Increased consumer preference for curated shopping experiences boosts Canal's platform demand.

The rise of social commerce presents integration opportunities for Canal's platform.

Growing sustainability trends allow Canal to promote eco-friendly brands, attracting conscious shoppers.

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