AR Analyst

$57,300 - $114,700/Yr

Abbott Laboratories - North Chicago, IL

Full-time - Entry Level

Onsite - North Chicago, IL

10,001+ employees

Miscellaneous Manufacturing

About the position

The AR Analyst position at Abbott involves managing accounts receivable functions, resolving outstanding issues related to credit, collections, invoicing, cash application, dispute resolution, and customer order release. The role requires interaction with both internal and external stakeholders to ensure efficient accounts receivable processes and compliance with company standards.

Responsibilities

• Interact internally and externally to resolve outstanding issues relating to accounts receivable.
• Contact external customers on delinquent A/R balances.
• Monitor receivables daily and resolve remittance exceptions.
• Review explanations for customer payment differences and work with division sales and contract personnel.
• Verify AR reporting and provide commentary.
• Work with the Genpact collections team to assist in prioritizations, train, coach, and handle escalations.
• Perform accounts receivable functions within defined process standards.
• Manage accounts receivable utilizing multiple systems.
• Review and investigate customer receipt variances.
• Communicate with internal and external parties regarding accounts receivable questions, error correction, and discrepancy resolution.
• Identify root causes for customer deductions, disputes, and variances.
• Review monthly performance reports and provide internal and external audit support as required.
• Maintain policies and procedures for the AR processes in accordance with GPM guidance.
• Perform and coordinate the Accounts Receivable activities for shared services.
• Assist the AR Lead and Supervisor in performing, facilitating, and reviewing day-to-day AR activity within the center.
• Continuously improve process design focusing on simplification, standardization, quality improvement, and cost minimization.
• Contribute to process improvement reviews and evaluate best practices with global peers.

Requirements

• BA/BS in Accounting or Finance
• 2-4 plus years of accounts receivable experience inclusive of all aspects of AR management
• Knowledge and understanding of overall Order-to-cash processes
• Strong ability to interact with internal and external parties at various levels
• Attention to detail with a propensity for continuous improvement

Nice-to-haves

• SAP ERP experience
• Strong Excel skills

Benefits

• Free medical coverage for employees via the Health Investment Plan (HIP) PPO
• Excellent retirement savings plan with high employer contribution
• Tuition reimbursement and student debt program
• Education benefit for obtaining a bachelor's degree
• Career development opportunities
• Recognition as a great place to work and for diversity