Accounts Receivable Specialist

$41,600 - $49,920/Yr

Unclassified - Louisville, KY

posted about 2 months ago

Full-time - Entry Level
Louisville, KY

About the position

The Accounts Receivable (AR) Specialist at Venanpri Group is a crucial role responsible for managing and maintaining customer accounts to ensure the accuracy and efficiency of the accounts receivable processes. This position is based in our Louisville, KY distribution center and reports directly to the Revenue Accounting Manager. The AR Specialist will play a key role in reviewing accounts receivable aging reports and taking necessary actions to minimize delinquent accounts. This includes resolving disputes through various communication channels such as telephone, email, and customer portals, ensuring timely and effective follow-up to maintain strong customer relationships. In addition to managing customer accounts, the AR Specialist will be responsible for reviewing and identifying invalid customer deductions to initiate recovery of funds. Maintaining accurate accounts receivable records is essential, ensuring that aging is up to date, credits and collections are applied correctly, uncollectible amounts are accounted for, and miscellaneous differences are cleared. The role also involves adhering to established controls and policies related to cash receipts and deduction resolution, which is vital for maintaining the integrity of the financial processes. The AR Specialist will assist in updating customer master data, including new contact information, payment methods, terms, and invoice delivery preferences. Monthly journal entries will need to be entered accurately, and the AR Specialist will act as a backup for cash application processes. Other administrative duties may be assigned as needed, and the AR Specialist will be required to complete company-required training to stay updated on policies and procedures.

Responsibilities

  • Reviews accounts receivable aging and takes necessary actions to minimize delinquent accounts.
  • Resolves disputes through telephone, email, and customer portals and timely and effective follow-up.
  • Reviews and identifies invalid customer deductions to initiate recovery of funds.
  • Maintains accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared.
  • Adheres to controls and policies related to cash receipts and deduction resolution.
  • Assists with updating customer master with new contact data, payment method, terms, invoice delivery, and any other information.
  • Enters monthly journal entries.
  • Acts as a backup for cash application.
  • Performs other administrative duties as assigned.
  • Completes company required training.

Requirements

  • High school diploma or equivalent.
  • An associate or bachelor's degree in accounting, finance, or a related field can be advantageous.
  • 2+ years' experience in a similar role.
  • Intermediate Excel skills including formulas, pivot tables, etc.
  • Thorough understanding of collections / billing processes and systems.
  • Experience with credit portfolio management and review, credit risk management and oversight, etc.
  • Excellent problem solving and root cause analysis skills.
  • Strong written and verbal communication skills.
  • Strong ability to multi-task and handle competing priorities at once.

Nice-to-haves

  • Retail experience with Home Depot, Lowes, etc. preferred.

Benefits

  • AD&D insurance
  • Paid holidays
  • Disability insurance
  • Health insurance
  • Dental insurance
  • Paid time off
  • 401(k) 4% Match
  • Employee assistance program
  • Vision insurance
  • 401(k) matching
  • Life insurance
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