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Title
Text copied to clipboard!Accounts Receivable Analyst
Description
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We are looking for a detail-oriented and experienced Accounts Receivable Analyst to join our finance team. The ideal candidate will be responsible for managing and analyzing the accounts receivable processes, ensuring timely collections, and maintaining accurate financial records. This role requires a strong understanding of accounting principles, excellent analytical skills, and the ability to work collaboratively with other departments. The Accounts Receivable Analyst will play a crucial role in optimizing our cash flow and maintaining healthy customer relationships. Key responsibilities include monitoring customer accounts, resolving payment discrepancies, preparing financial reports, and implementing process improvements. The successful candidate will have a proven track record in accounts receivable management, strong communication skills, and the ability to thrive in a fast-paced environment. If you are a proactive problem-solver with a passion for finance, we encourage you to apply.
Responsibilities
Text copied to clipboard!- Monitor and manage customer accounts to ensure timely collections.
- Analyze accounts receivable data to identify trends and areas for improvement.
- Resolve payment discrepancies and disputes with customers.
- Prepare and distribute regular financial reports related to accounts receivable.
- Collaborate with the sales and customer service teams to address billing issues.
- Implement and maintain effective accounts receivable policies and procedures.
- Reconcile accounts receivable ledger to ensure accuracy and completeness.
- Assist in the month-end closing process by preparing necessary journal entries.
- Conduct credit checks and assess the creditworthiness of new and existing customers.
- Maintain accurate and up-to-date customer records in the accounting system.
- Provide support during internal and external audits related to accounts receivable.
- Develop and implement strategies to improve cash flow and reduce outstanding receivables.
- Monitor and report on key performance indicators (KPIs) related to accounts receivable.
- Assist in the development and implementation of accounts receivable training programs.
- Stay current with industry best practices and regulatory requirements related to accounts receivable.
- Participate in special projects and initiatives as assigned by management.
- Ensure compliance with company policies and procedures.
- Provide excellent customer service to internal and external stakeholders.
- Identify and recommend process improvements to enhance efficiency and effectiveness.
- Support the finance team with ad-hoc analysis and reporting as needed.
Requirements
Text copied to clipboard!- Bachelor's degree in Accounting, Finance, or a related field.
- Minimum of 3 years of experience in accounts receivable or a similar role.
- Strong understanding of accounting principles and practices.
- Proficiency in accounting software and Microsoft Office Suite, particularly Excel.
- Excellent analytical and problem-solving skills.
- Strong attention to detail and accuracy.
- Ability to work independently and as part of a team.
- Excellent communication and interpersonal skills.
- Ability to manage multiple tasks and meet deadlines in a fast-paced environment.
- Experience with ERP systems is a plus.
- Strong organizational and time management skills.
- Ability to handle sensitive and confidential information with discretion.
- Proactive and self-motivated with a strong work ethic.
- Knowledge of industry best practices and regulatory requirements related to accounts receivable.
- Experience in process improvement and implementing best practices.
- Ability to build and maintain positive relationships with customers and colleagues.
- Strong customer service orientation.
- Experience in conducting credit checks and assessing creditworthiness.
- Ability to prepare and present financial reports to management.
- Willingness to participate in ongoing professional development and training.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with accounts receivable management?
- How do you handle payment discrepancies and disputes with customers?
- What strategies have you implemented to improve cash flow and reduce outstanding receivables?
- Can you provide an example of a process improvement you have made in accounts receivable?
- How do you ensure accuracy and completeness in your financial records?
- Describe your experience with accounting software and ERP systems.
- How do you prioritize and manage multiple tasks in a fast-paced environment?
- Can you discuss a time when you had to collaborate with other departments to resolve a billing issue?
- What steps do you take to stay current with industry best practices and regulatory requirements?
- How do you handle sensitive and confidential information in your role?
- Describe a challenging situation you faced in accounts receivable and how you resolved it.
- How do you ensure excellent customer service in your interactions with internal and external stakeholders?
- What key performance indicators (KPIs) do you monitor in accounts receivable?
- Can you discuss your experience with credit checks and assessing creditworthiness?
- How do you prepare and present financial reports to management?
- What motivates you to work in accounts receivable?
- How do you stay organized and manage your time effectively?
- Describe a time when you had to provide support during an internal or external audit.
- What do you believe are the most important qualities for an Accounts Receivable Analyst?
- How do you approach ongoing professional development and training in your field?