Accounts Receivable Associate

Tp Icap

Full-time - Entry Level

5,001-10,000 employees

Wholesale Trade Agents and Brokers

About the position

The Accounts Receivable Associate at TP ICAP plays a crucial role in the Collections team, which is responsible for the recovery of payments for all invoices issued by the company. This position involves maintaining a comprehensive client contact database for designated accounts and managing client priorities to facilitate the recovery of brokerage debts across all US ledgers managed in Louisville. The associate will ensure timely delivery of invoices to clients, build and maintain strong business relationships with both internal and external clients, and engage in regular communication to support the collection process. In this role, the Accounts Receivable Associate will be tasked with maintaining debtor levels in accordance with management targets, accurately identifying and assigning cash allocations to the Accounts Receivable Transaction Reporting team, and raising any client invoice or trade queries through a bespoke client investigation monitoring application. The associate will also produce and issue statements of account to clients, assist them in prioritizing invoice payments, and escalate issues to senior management when necessary. Additionally, the associate will provide first-line support to the Accounts Receivable Manager, ensuring adequate reporting and transparency of aged collection problems, and will meet with clients to discuss initiatives that aid in the reconciliation and payment of invoices.

Responsibilities

• Facilitate the timely delivery of invoices to all designated accounts / contacts on relevant ledgers
• Build business relationships with internal and external clients
• Maintain regular dialogue with clients
• Maintain debtors levels in accordance with targets set by management
• Accurately identify and assign cash allocations to the AR Transaction Reporting team to clear outstanding invoice items
• Identify and raise client invoice / trade queries on bespoke client investigation monitoring application (TIS) in line with departmental procedure for KPI analysis
• Produce and issue statements of account to clients from ICAP sales ledger accounting system
• Assist clients in prioritising invoice payment in line with TP ICAP's priorities
• Escalate problems to senior management if the client is not in a position to settle balances quickly
• Maintain and update client contact database
• Provide the Accounts Receivable Manager with first line of support to ensure adequate reporting and transparency of aged collection problems
• Provide status of accounts to clients and meet with them to discuss initiatives to aid the client in the reconciliation and payment of invoices

Requirements

• Innovative mindset with the ability to create new ideas and approaches
• Demonstrated high levels of energy and competitiveness in achieving goals
• Self-starter comfortable in fast-paced environments
• Strong communication skills, adapting style to suit the audience
• Ability to maintain professionalism and integrity in all interactions
• Excellent attention to detail and highly organized
• Strong analytical ability and problem-solving skills

Nice-to-haves

• Knowledge of front and back office systems
• Experience with Oracle AR Module
• Understanding of the end-to-end process and flow of data from upstream systems to Finance
• Experience in the financial services sector
• Familiarity with ORACLE Financials/ORACLE E-Business Suite
• Experience in an accounts receivable environment with credit collection and cash allocation
• Experience in a KPI driven environment
• Experience in a corporate or large firm environment

Benefits

• Opportunities for professional development and training
• Inclusive work environment that values diverse perspectives
• Support for career growth within a global organization