Accounts Receivable Accountant I

Rxbenefits - Washington, DC

Full-time - Entry Level

Washington, DC

Insurance Carriers and Related Activities

About the position

The Accounts Receivable Accountant I will provide essential support for the Accounts Receivable (AR) team at RxBenefits, Inc. This role is crucial in ensuring that the company receives payments for goods and services while accurately recording all transactions. The accountant will be responsible for posting receipts and resolving any discrepancies that may arise in an efficient, timely, and accurate manner. This position requires a strong attention to detail and the ability to manage multiple tasks simultaneously, ensuring that all financial operations run smoothly. Key responsibilities include cash management and reconciliation, where the accountant will efficiently enter and reconcile cash receipts and lockbox deposits on a weekly basis. The role also involves managing a designated portfolio of client collection accounts, monitoring outstanding balances, and taking appropriate actions to facilitate timely payments. The accountant will serve as a reliable backup for auto-draft accounting processes, ensuring continuity of operations, and will oversee the accuracy and timeliness of daily deposit entries and reconciliations. In addition to cash management, the accountant will handle client and financial operations, including preparing and submitting client refund requests and reviewing quarterly rebates and pricing guarantees to ensure compliance with contractual obligations. The role requires versatility, as the accountant may perform various accounting, financial, or administrative tasks as assigned by management. The position also involves month-end and audit support, where the accountant will prepare and analyze month-end reconciliations to ensure the accuracy of financial records and actively participate in the annual external financial statement audit by preparing and providing necessary documentation. Overall, the Accounts Receivable Accountant I will fulfill all assigned duties diligently and participate in ongoing training and cross-training initiatives to enhance their skills and knowledge in the field.

Responsibilities

• Efficiently enter and reconcile cash receipts and lockbox deposits weekly, ensuring accuracy and adherence to deadlines.
• Actively manage a designated portfolio of client collection accounts, monitoring outstanding balances and taking appropriate action to facilitate timely payment.
• Serve as a reliable backup for auto-draft accounting processes, ensuring continuity of operations.
• Ensure the accuracy and timeliness of daily deposit entries and reconciliations.
• Prepare and submit client refund requests promptly and accurately as needed.
• Prepare and review quarterly rebates and pricing guarantees to ensure compliance with contractual obligations.
• Perform various accounting, financial, or administrative tasks as management assigns, demonstrating adaptability and flexibility.
• Prepare and analyze month-end reconciliations to ensure the accuracy of financial records.
• Actively participate in the annual external financial statement audit by preparing and providing necessary documentation.
• Fulfill all other assigned duties in a timely and efficient manner.
• Participate in ongoing Accounts Receivable training and cross-training initiatives to enhance skills and knowledge.

Requirements

• 0 - 2 years' experience in an accounting role
• Bachelor's degree in Accounting or Finance required
• Strong math aptitude and the ability to work accurately with numbers is essential
• Ability to manage multiple assignments simultaneously to meet deadlines
• Advanced Excel skills
• Attention to detail and ability to problem-solve
• Understanding of US GAAP
• Well-developed written and oral communication skills
• Highly collaborative team player with initiative