Accounts Receivable Specialist

1 month ago

Memphis, United States VRC Companies Full time
Job DescriptionJob DescriptionDescription:

Description

Position Summary: The Account Resolution Specialist is a position reporting directly to the Senior Account Resolution Specialist and will fill a critical role within the business to help improve the overall process of cash collections. This position is responsible for supporting their Area Vice President and the locations they are responsible for. This includes helping to improve the Company’s cash collections and DSO metrics. The Account Resolution Specialist will work closely with the AR Invoicing and Cash Applications teams in providing the best experience to all customers.

Responsibilities:

  • This position will be instrumental in assisting with the managing of AR Collections and operations for approximately 40,000 customers and $200M+ revenue per annum.
  • This position is highly visible and requires the ability to prioritize, plan, and work cross functionally with other departments.
  • Our ideal candidate is familiar with some accounting procedures and can manage daily financial transactions end-to-end.
  • Processing, verifying, and posting receipts for goods sold or services rendered.
  • Researching and resolving account discrepancies
  • Processing and recording transactions.
  • Collaborates with the Accounts Receivable Supervisor to reconcile accounts receivable on a periodic (at least monthly) basis.
  • Assists Accounts Receivable Supervisor in reconciling revenue accounts each month.
  • Performs other related duties as assigned.

Some additional responsibilities include:

  • Monitor assigned portfolio of clients
  • Become familiar with client billing guidelines in their respective portfolios
  • Apply appropriate procedures to troubleshoot non-payment, including skip tracing, dunning letters, collection calls and e-mails.
  • Conduct regular reviews of your portfolio to ensure that paged receivables are being properly addressed and uncollected accounts are escalated appropriately
  • Interfaces with field, sales management and Customer Service on resolving customer billing disputes, collection assistance
  • Attend monthly meetings with AVP’s and DOO’s regarding aging performance and problem accounts.
  • Review policies and procedures and suggest improvements where appropriate
  • Build and maintain strong relationships within and across departments and with internal and external customers
  • Assist in the creation of productivity standards
  • Research and resolves customer problems and complaints on billing, cash application and account issues

Core Competencies

Technical Knowledge – Working Experience

  • The preferred candidate will have a strong working knowledge of current collections
  • methodologies and/or strong customer service background. The
  • individual will also be familiar with interaction between accounting systems, operating systems, and invoicing.
Requirements:

Requirements

Job Specific Competencies

Business Ethics – Basic Experience

Knowledge of practices, behaviors, applicable laws, rules, and regulations governing proper business conduct: ability to demonstrate ethical behavior in diverse situations.

Skills – Basic Experience

  • Experience modelling business processes
  • Strong analytical and problem-solving skills
  • Excellent communication, interpersonal and presentation skills
  • Highly energetic self-starter with a focus on obtaining results.
  • Ability to multi-task, work under tight deadlines, and quickly adjust to changing priorities.
  • Demonstrated ability to work collaboratively across teams and independently to meet deadlines and produce deliverables.
  • Technical skills beyond job specific technology include Microsoft Office Suite, Excel, PowerPoint, Outlook, etc.
  • Ability to operate related office equipment, such as computers, 10-key calculator, and copier.
  • Ability to work independently and in a fast-paced environment.
  • Ability to anticipate work needs and interact professionally with customers.
  • Excellent organizational skills and attention to detail

Education and Training

Roles at this level require a college degree or a minimum of 2 years of related professional experience

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