Accounts Receivable Analyst

BWAY Corporation - Atlanta, GA

Full-time

Atlanta, GA

Professional, Scientific, and Technical Services

About the position

The Accounts Receivable Analyst will be responsible for monitoring and analyzing customer accounts within a high-volume portfolio. This role involves evaluating credit worthiness, managing accounts receivable risks, and ensuring compliance with financial regulations. The analyst will work closely with various departments to facilitate payment collections and maintain accurate account records, contributing to the overall financial health of the organization.

Responsibilities

• Monitor and track the daily analysis of customer accounts for a high-volume portfolio.
• Perform analysis of customer accounts based on the customer's purchases, payment history, credit worthiness, credit limit exposure and corporate business strategy.
• Track and evaluate past due A/R accounts to reduce the risk of credit exposure.
• Evaluate credit worthiness of accounts and determine proper account credit hold or releases.
• Research cash application matters on customer accounts.
• Evaluate aged items for recommendation of bad debt write off and refund analysis.
• Identify offsetting adjustments to ensure customer account balances are properly stated.
• Contact customers to secure payment on overdue balances and/or issue resolution on open items.
• Provide guidance and support to Sales and Operations Managers, Logistics, Common Carrier(s), and Distribution Operations concerning the release of orders for accounts that have aged accounts receivable.
• Maintain strong cross-functional communication with Sales, Logistics, and Management regarding identified account risks, potential credit concerns, disputes, and customer comments.
• Track customer deductions and short-pay issues through resolution.
• Initiate credit memos when appropriate following SOP business rules.
• Ensure GAAP, SOX and Mauser policies and procedures are adhered to and the ongoing operation, maintenance, and controls of the AR system.
• Support the monthly audits of deductions, payments, and write-offs.
• Identify and assist in the preparation of accounts for placement with collection agencies or 3rd Party activity.
• Manage assigned portfolio to reduce exposure and mitigate risk.
• Negotiate and structure payment plans for review and approvals.
• Ensure customer accounts are accurately stated in adherence to US GAAP.
• Recommend write offs for uncollectable open invoices and disputed balances.

Requirements

• Degree in Business; Finance or Accounting preferred; or equivalent experience.
• Knowledge or experience in business-to-business with ERPs such as Solomon, Oracle, SAP, QAD, etc.
• Good verbal and written communication skills due to high volume customer interaction.
• Experience or understanding of Cash Application research and analysis.
• Experience or knowledge of working with cross-functional groups and different levels of employees throughout the organization.
• Knowledge or experience of GAAP and SOX requirements.
• Proficient in Microsoft Office: Excel, Word, PowerPoint with intermediate to advanced skills.
• Knowledge or experience of standard and specialized credit and collection procedures.
• Strong Financial and Accounting Analytical skills.
• Strong written and oral communication skills, including the ability to present ideas and suggestions clearly and effectively.
• Strong organizational skills: ability to accomplish multiple tasks within the agreed upon timeframes through effective prioritization.