Accounts Receivable Assoc

$46,000 - $66,000/Yr

Ipg Health - New York, NY

Full-time - Entry Level

Remote - New York, NY

About the position

The Accounts Receivable Associate is an entry-level position at IPG Health, primarily focused on supporting the financial operations of the organization. This role involves assisting in the processing and reconciliation of incoming payments, generating and sending invoices, and maintaining accurate records. The Accounts Receivable Associate plays a crucial role in the effective management of the accounts receivable function, ensuring that all financial transactions are recorded accurately and timely. In this position, the associate will be responsible for monthly accounts receivable follow-up, which includes preparing statements of outstanding receivables and emailing these statements to clients' accounts payable departments. The role also requires additional follow-up via phone and email as needed, tracking responses, and pulling copies of invoices while collaborating with billing teams to provide clients with any missing invoices. The associate will also reach out to Client Finance and Account Management as necessary to resolve any issues. Another key responsibility is bank deposits tracking, where the associate will monitor and track daily bank transactions, provide the Cash Application Team with remittance information, and alert clients' accounts payable departments about any payment discrepancies. Additionally, the role includes performing basic administrative duties such as data entry and handling other ad-hoc requests or tasks as required. This position is essential for maintaining the financial health of the organization and ensuring smooth operations within the accounts receivable department.

Responsibilities

• Monthly Accounts Receivable Follow-up
• Prepare statements of outstanding receivables
• Email statements to client's AP
• Additional follow-up (via phone and/or email) as needed
• Track responses received
• Pull copies of invoices/work with Billing teams to provide client's AP with missing invoices
• Reach out to Client Finance/Account Mgmt as needed
• Bank Deposits Tracking
• Monitor and track daily bank transactions
• Provide Cash Application Team with remittance information
• Alert client's AP on payment discrepancies
• Perform basic administrative duties involving data entry and other ad-hoc requests or tasks as required.

Requirements

• Bachelor's degree in Accounting, Finance, or related field
• 0+ years of experience in Bookkeeping, Accounting, or Finance (preferred)
• Ability to work with customers or clients in a professional setting
• Understanding of basic A/R procedures and best practices
• Possess numerical and analytical skills
• Excellent attention to detail
• Strong communication and interpersonal skills
• Proficient in Excel
• Ability to work independently and in a team environment
• Ability to meet deadlines and work under pressure
• Adaptability to new processes and systems quickly.