Accounts Receivable Specialist

$62,400 - $64,480/Yr

Vaco - Los Angeles, CA

posted 6 months ago

Full-time
Los Angeles, CA
Administrative and Support Services

About the position

Vaco Los Angeles is seeking an experienced and talented Accounts Receivable (AR) and Deductions Specialist to join one of our client's dynamic accounting teams. This position is essential for ensuring the smooth operation of accounts receivable processes, including the management of customer accounts and the resolution of payment discrepancies. The ideal candidate will possess a solid understanding of standard accounts receivable procedures, processing payments, and will demonstrate a positive attitude and a willingness to learn and grow within the role. This position is on-site in Vernon, CA, and offers a competitive pay rate of up to $30 per hour, depending on experience. Deductions experience is a must for this role, as it involves handling various aspects of accounts receivable and ensuring that all transactions are processed accurately and efficiently. In this role, the Accounts Receivable Specialist will be responsible for ensuring that collectors are making sufficient outbound calls to delinquent customer accounts. The specialist will support the collection and cash application teams with escalations and guidance, working cross-functionally within the organization to resolve issues that may arise. A key responsibility will be to review and recommend accounts for research and reconciliation, performing collection activities as a hands-on member of the collection team. The specialist will also provide coaching to the collection team, ensuring that all team members are equipped with the necessary skills and knowledge to perform their duties effectively. Additionally, the Accounts Receivable Specialist will review follow requests for accuracy, completeness, and justification, including credit memos, refunds, and payment adjustments. Establishing and reviewing collection metrics daily will be crucial to adjusting individual and team priorities, while keeping the AR management team informed of any issues and concerns that may affect team productivity and performance. The specialist will also be responsible for assigning tasks to team members based on planned and unplanned absences to ensure that the workload remains equitable across the team.

Responsibilities

  • Ensure collectors are making sufficient outbound calls to delinquent customer accounts
  • Support collection and cash application teams with escalations and guidance
  • Work cross functionally within the organization to resolve issues
  • Review and recommend accounts for research and reconciliation
  • Perform collection activities as a hands-on member of the collection team
  • Provide coaching to collection team
  • Review follow requests for accuracy, completeness and justification - Credit memo, refunds and payment adjustments
  • Establish and review collection metrics daily to adjust individual and/or team priorities
  • Keep AR management team abreast of issues and concerns that affect team productivity and performance
  • Assign tasks to team members based on planned and unplanned absences to ensure workload remains equitable.

Requirements

  • Associate degree in Accounting/Finance (Preferred)
  • Understanding of basic accounting principles including accounts receivables, accounts payable, invoicing, credits, debits, chargebacks and credit terms
  • Demonstrated experience in implementation AR and collection
  • Strong Organizational Skills
  • Excellent Communication skills
  • Experienced using ERP Applications

Benefits

  • Competitive hourly wage of $28.00-$31.00
  • Opportunity for professional growth and development
  • Diverse workplace environment that encourages applications from all backgrounds
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