by Matt Margolis
A job posting today on GTAT’s website for Accounts Receivable/Invoicing at GT’s Mesa location coupled with other recent news detailed below is a clear indication that GT will likely commence sapphire shipments to Apple prior to July 1st. The job specifics are below but in short the new position will; post and record accounts receivable data, create and mail client statements, maintains spreadsheet of outstanding invoices.
The new job is clerical in nature, but is required to have in place before revenue is generated and managing your accounts receivables and customer billing becomes a priority. Appleinsider recently reported that Apple was targeting June to complete the Mesa expansion, which is another signal that the 9 Mesa plant phases are nearly completed within the Mesa sapphire plant. The supply chain has recently announced production ramp ups for the A8, display panels, batteries and memory. Pegatron is adding new workers and is reportedly set to begin their iPhone manufacturing ramp up in Q2. After I factor in all of the recent news, it seems clear that GT is now very close to commencing sapphire shipments to Apple themselves and recording meaningful revenue sometime in Q2 2014, ahead of the upcoming iPhone 6 launch.
The person will be responsible for interfacing directly with the Corporate Accounting Department, both on the phone and via email. This individual will be in charge of the billing aspect of accounts receivable for the Mesa, Arizona manufacturing facility. The person will be responsible for ensuring that all the Company’s sales are properly billed, according to agreed-upon terms and conditions, in a timely manner. In addition, email invoices to customers on a daily basis, review and process credit memos, and reconcile customer receivable balances.
Set-up new Customers in ERP system
Perform day-to-day financial transactions including verifying, classifying, computing, posting and recording accounts receivable data
Creates and uses spreadsheets and word-processing programs to perform their job
Create client statements and mailing them monthly.
Matches invoices with payments in the accounting system and codes accordingly
Tracks all invoices mailed and ensures that copies are maintained in the office’s filing system
Maintains a spreadsheet per client that includes a list of outstanding invoices, invoice due dates and the amount of time the invoice has been outstanding.
When clients are paying an invoice, might be responsible for contacting them to determine when payments will be made.
Generates multiple AR accounting reports and disseminating them within the accounting department.
Reconciles the AR ledger of individual customer accounts
Participates in accounting system close procedures, typically on a monthly, quarterly and annual basis.
Supports other accounting projects as assigned
Mesa, Arizona, United States
Full Disclosure: I am long GTAT and have no plans to buy or sell any holdings in the next 72 hours