Accounts Receivable Lead

2 weeks ago


Piscataway, United States Hire Point Recruiting Full time $90,000 - $100,000
Job DescriptionJob Description

The Accounts Receivable Lead is responsible for the accounts receivable process. This is inclusive of cash application, collections, resolution of deduction balances, analyzing and reconciling any variances, as well as ensuring timely and effective collection efforts for all open receivables.


Reporting Relationships


This position will report to the Controller, Finance and will have 1 direct report, Credit Analyst.

This position has internal contacts with commercial, finance as well as external contact with customer accounts payable and receivables departments.


Essential Functions


Perform daily cash application on all customer receipts.

Initiate collection efforts on any past due or disputed balances.

Provide timely review and identification of deduction claims, obtain supporting documentation and conduct review and analysis, coordinating with other functions as necessary to determine validity and dispute where required.

Perform account maintenance to identify any potential credit memo to deduction matches and offset where applicable.

Timely response to customer, external departments, and management inquiries, ensuring effective and thorough communication.

Responsible for meeting month-end and quarter-end deadlines.

Responsible for creating and maintaining reports for working capital analysis, metric maintenance as well as general ledger account analysis.

Adhere to all safety and cGMP standards and guidelines, and report unsafe conditions, near misses, and/or injuries in a timely manner.

Other projects and duties as required/assigned.


Specialized Skills and Knowledge:


Bachelors Degree in Finance or Accounting required

Minimum of 5 years of experience in Accounts Receivable

Basic knowledge of financial analysis, cash management, and accounts receivable collections

Prior AR & deduction resolution experience in the pharmaceutical industry

Excel experience required

Great Plains and SAP experience preferred


Key Competencies


Detail oriented with ability to effectively manage time, prioritizing workload to meet changing demands

Demonstrated problem solving skills

Ability to identify issues and develop and implement effective solutions, while understanding when to escalate problems/issues

Strong oral and written communication skills;

Ability to use good judgment in making decisions independently;

Ability to work with all levels of management through daily interface.



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