Accounts Receivable Analyst Job Description
Accounts Receivable Analyst Duties & Responsibilities
To write an effective accounts receivable analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included accounts receivable analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Accounts Receivable Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Accounts Receivable Analyst
List any licenses or certifications required by the position: CPA, R/3, SAP, CMA, CDFM, AR
Education for Accounts Receivable Analyst
Typically a job would require a certain level of education.
Employers hiring for the accounts receivable analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Accounting, Finance, Business, Education, Associates, Business/Administration, General Education, Management, Business and Economics, Communication
Skills for Accounts Receivable Analyst
Desired skills for accounts receivable analyst include:
Desired experience for accounts receivable analyst includes:
Accounts Receivable Analyst Examples
Accounts Receivable Analyst Job Description
- Conduct bi-weekly meetings with respective branch managers regarding status of Accounts Receivable
- Facilitate credits/refunds to customers and write-offs to management as needed
- Process and record bank deposits and cash receipts
- Run Accounts Receivable aging files for Private Equity, Credit and GP teams on a monthly and ad hoc basis
- Track the unapplied balances for all teams and complete reconciliations
- Follow up and respond to AR email inquiries
- Assist with quarterly portfolio company billings and tracking
- Set up new deal codes and counterparties in the General Ledger system
- Monitor active vs
- Process expense re-classes and reconcile with the fund accounting teams
- Reconcile Accounts Receivable sub-ledger to the general ledger on a monthly basis
- Assist the Management Company team with projects and ad hoc requests
- Collect cash receipt reports from four reporting locations (Box Office, Health & Fitness Center, Residence, and Business Office/Misc.) and review and record journal entries
- Troubleshoot any entry errors or discrepancies with the reporting locations as needed
- Collect contributed revenue batch reports from the Development Department and review and record journal entries
- Assemble, log, and file daily cash receipts packets in accordance with Finance office protocol
Accounts Receivable Analyst Job Description
- Contact customers for payment of past due invoices and document the results
- Respond to customer requests relating to invoices
- Interact with the sales organisation, order management, distribution and returns processing to drive customer disputes to resolution
- Ensure cash application is accurate - examine remittance advice
- Handing phone inquiries and requests from Sales Department and customers
- Setting up new customer accounts in accounting system
- Performing credit checks on customers’ orders
- Addressing past due accounts, skipped invoices, bounced checks, and short payments
- Originating and distributing daily reports (Hold List – Unpaid CODs)
- Assisting with daily Remote Deposit process
- Desire to learn with the flexibility to adjust to a rapidly growing business
- Willingness to perform tasks assigned which can vary significantly day-to-day
- Manages top tier Accounts (Global & G500)
- Resolve complex problems & escalations and drive to resolution with business partners
- Document and communicate processes
- Drive change and ensure scaling of processes through automation, work assessment and process improvement
Accounts Receivable Analyst Job Description
- Ensure all member payments are accurately processed to the appropriate account using the matching criteria and online decision
- Process rejected payment and refunds when appropriate
- Perform account analysis to ensure the members' balances are accurate
- Update members' account balance monthly, as applicable
- Weekly portfolio review and analysis to determine best practices cash forecasting for the month
- Performs other duties such as financial reports and other relevant services as requested
- Receive, research and resolve a variety of internal and external customer inquiries concerning account status
- Escalate accounts receivable related risks, issues, potential bad debt, pursuant to Lamons’ Aging Administration Work Instructions
- Provide support to the AR Manager, Sr
- Review and manage weekly aging
- Associates degree, technical college or some college preferred
- Bachelor's degree required - major in Finance or Accounting preferred
- Responsible for receipt and posting of cash receipts,Manual/ Custom Invoicing, Credit Notes and Refunds, Prepaid Order release, Bank Reconciliation, reconciling outstanding account balances, and preparation of periodic reports on accounts receivable and past due status, processes bank disputes
- Responsible for collection activities including sending follow-up inquiries, negotiating with past due accounts on repayment terms/ non terms, and decisions on referring accounts to collection agencies and/or writing off accounts receivable
- Extensive knowledge of and ability to use spreadsheet packages
- Ability to give and follow written and oral instructions, be self-driven to achieve company and departmental objectives
Accounts Receivable Analyst Job Description
- Reconcile lockbox process
- Document and communicate payment application issues
- Communicate with internal and external customers to resolve payment application issues
- Review and fix payment application errors
- Manage the download of transmission files
- Reconcile unapplied payments
- Post deposits (checks an ACH)
- Complete month end closing processes including journal entries, field notifications and reconciliations
- Learn all AR processes and recommend improvements
- Active participation in weekly/monthly AR review meetings with internal groups
- Minimum of 3- 5 years of experience in a similar capacity
- 1+ year of previous Accounts Receivable and Collections experience
- Payroll and Accounts Payable experience
- Prior Customer Collections working experience preferred
- Six Sigma Knowledge or Experience is preferred
- Bachelor’s degree in Business, Finance, Accounting, or related field, or equivalent education and experience
Accounts Receivable Analyst Job Description
- Open new customer accounts - review application, verify references, and recommend credit terms
- Maintain and update customer database, ensuring information is current and accurate
- Initiate and pursue collection action on past due receivables
- Work collaboratively with sales, operations, and customers to support business relationship, improve process, and resolve conflicts
- Provide management with weekly status of receivables and past due accounts and other reports as requested
- Record and post daily cash receipts and deposits
- Reconcile payments to invoices and customer accounts to general ledger
- Perform month-end closing activities pertaining to accounts receivables and collections
- Recommend process improvement opportunities to receivable, credit and collection operations
- Prepare daily audit support for DCAA
- High stress tolerance with a highly developed sense of urgency
- Visual acuity to process paperwork
- Manages top tier Accounts
- Ability to work under stressful conditions while maintaining professionalism and enthusiasm
- Customer first oriented
- Speaking English and Korean is a must