Financial Collections Specialist

7 days ago

Jersey City, New Jersey, United States ForTec Medical Full time
Job Description

**About ForTec Medical**

ForTec Medical is a leading provider of innovative surgical technologies to hospitals and healthcare professionals. We offer a unique pay-per-use model, delivering the latest generation of surgical technologies on demand.

**Job Summary**

We are seeking an experienced Accounts Receivable Manager to oversee all receivables and collections activities. The successful candidate will be responsible for managing a high-performing team to ensure accurate, efficient, and timely collection of monies due to multiple legal entities.

Key Responsibilities
  • Manage and ensure high-quality billing, PO collection, cash collection, and cash application procedures that comply with customer requirements and regulatory standards.
  • Analyze bad debt, review AR aging, and make decisions on customer credit holds, collections, or determining other viable solutions.
  • Develop and guide a high-performing team to meet individual and company performance goals.
  • Develop policies and best practices to improve the quality of AR and collections processes.
  • Develop initiatives to reduce the Days Sales Outstanding (DSO) and monitor and report deviations.
  • Prepare and distribute collection reports for the Leadership Team and prepare ad hoc reporting.
  • Provide support for closing sales and AR monthly. Assist staff accountants with reconciliation and analysis as well as providing support for the annual financial audit and other regulatory requirements.
  • Assist sales and operations staff to meet business needs.
  • Perform all duties and responsibilities in a timely and efficient manner and in accordance with established company policies and procedures to achieve the overall objectives of this position.
  • Keep immediate manager promptly informed of all problems or unusual matters of significance.
  • Assist with system implementations, updates, integrations or conversions, and management initiatives.
  • Exercises fiduciary responsibility with both company and customer information.
  • Maintain a favorable working relationship with all employees, customers, and vendors to foster and promote a collaborative working atmosphere.
  • Project and represent a favorable image of the company at all times.
  • Assume additional responsibilities and special projects as needed.
Requirements
  • A minimum of a Bachelor's degree in business, accounting, or a related field.
  • 5+ years of work experience in AR or collections in a high-volume, fast-paced environment. Experience leading a large team.
  • Track record of driving improvements in AR cycle time and related metrics. Deep understanding of AR processes and metrics.
  • Prefer someone who has worked in a multi-entity environment and understands the complexities involved.
  • System conversion experience a plus.
  • Proficient technical knowledge of Microsoft Office applications. Great Plains software experience preferred.
  • Leadership skills that focus on integrity, positivity, and a commitment to excellence are first and foremost.
  • Must maintain strict confidentiality of highly sensitive information.
  • The ability to give open and honest feedback professionally and non-confrontational.
  • Strong analytical skills to assess problems and develop solutions.
  • Excellent judgement and negotiating skills.
  • A High degree of organization, attention to detail, and ability to meet deadlines and follow through.
  • Ability to deal with frequent changes or unexpected events professionally and diplomatically.
  • Minimal of 2 business trips per year are required.

  • Financial Planning

    1 week ago

    Jersey City, New Jersey, United States AmTrust Financial Full time

    Financial Planning & Analysis SpecialistJob OverviewWe are in search of a meticulous and proactive Financial Planning & Analysis Specialist to enhance our finance division. The selected candidate will collaborate closely with FP&A leadership, playing a crucial role in delivering insightful financial evaluations that support strategic decision-making. This...

  • Financial Planning

    2 weeks ago

    Jersey City, New Jersey, United States AmTrust Financial Full time

    Financial Planning & Analysis SpecialistJob OverviewWe are looking for a meticulous and forward-thinking Financial Planning & Analysis Specialist to enhance our finance division. The successful candidate will collaborate closely with FP&A leadership, delivering comprehensive financial insights that support strategic decision-making. This role is crucial for...

  • Collections Specialist

    1 month ago

    Jersey City, New Jersey, United States Aston Carter Full time

    Job Title: Entry Level Collections SpecialistJob DescriptionAs a Collections Specialist, you will be tasked with following up with vendors in regards to past due invoices by email and phone calls. An ideal candidate would have experience in customer service and want to get into the accounting/business field. Hard SkillsCustomer Service experienceProficiency...

  • Financial Planning

    2 weeks ago

    Jersey City, New Jersey, United States AmTrust Financial Full time

    Position OverviewWe are in search of a meticulous and forward-thinking FP&A Analyst to enhance our finance division. The successful candidate will collaborate closely with FP&A leadership, delivering valuable financial insights that support strategic decision-making. This role is crucial for refining and enhancing budgeting and forecasting systems while...

  • Financial Management Specialist

    1 week ago

    Jersey City, New Jersey, United States Arch Capital Group Full time

    Exciting Opportunity for a Financial Management SpecialistWe are currently in search of a meticulous Financial Management Specialist to become a part of our dynamic team at Arch Capital Group. In this position, you will work closely with diverse teams and clients to deliver financial support for a designated portfolio. Your key responsibilities will...

  • Customer Relations Specialist

    4 days ago

    Jersey City, New Jersey, United States PSA Full time

    About the RoleWe are seeking a highly skilled Customer Relations Specialist to join our PSA team. As a key member of our Customer Relations department, you will be responsible for providing exceptional customer service and support to our clients.Key ResponsibilitiesExercise discretion and exhibit sound judgment and decision-making when engaging with all...

  • Senior Financial Planning

    2 weeks ago

    Jersey City, New Jersey, United States AYTM Company Full time

    About AYTM:AYTM, or "Ask Your Target Market," is on the lookout for a dedicated Senior Financial Planning & Analysis Specialist. This pivotal role is designed to enhance the strategic vision of the organization by delivering comprehensive analyses, precise forecasts, and essential metric monitoring. Reporting directly to the VP of Finance, the Senior FP&A...

  • Senior Financial Reporting Specialist I

    4 days ago

    Jersey City, New Jersey, United States Sumitomo Mitsui Banking Corp Full time

    Job SummarySumitomo Mitsui Banking Corp. is seeking a highly skilled Financial Reporting Specialist to join our team. As a key member of our Accounting department, you will be responsible for ensuring the accuracy and completeness of our financial reports.Key ResponsibilitiesPerform monthly balance sheet substantiation process, including reviewing GL account...

  • Financial Product Specialist

    2 weeks ago

    Jersey City, New Jersey, United States Futu Clearing Inc. Full time

    Work Type: On-siteWork Location: This position can be based in Hong Kong, Singapore, or the New Jersey area.Position Overview:The role focuses on optimizing back-office operations for financial products, including securities, funds, fixed income, and derivatives, with an emphasis on enhancing operational efficiency and ensuring adherence to regulatory...

  • Regulatory Reporting Specialist

    6 hours ago

    Jersey City, New Jersey, United States Sumitomo Mitsui Financial Group, Inc. Full time

    About the RoleSumitomo Mitsui Financial Group, Inc. is seeking a highly motivated and detail-oriented Regulatory Reporting Specialist to join our team in the Regulatory Reporting Analysis Department. As a key member of our team, you will play a crucial role in assisting with the automation efforts across all regulatory reports.Key ResponsibilitiesPartner...

  • Senior Financial Analyst

    4 days ago

    Jersey City, New Jersey, United States Jobot Full time

    Job SummaryWe are seeking a highly skilled Senior Accountant to join our team at Jobot. As a key member of our finance department, you will be responsible for preparing and reviewing financial reports, ensuring accurate and timely financial data, and providing expert analysis to support business decisions.Key ResponsibilitiesFinancial Reporting: Prepare and...

  • Financial Analyst

    3 days ago

    Jersey City, New Jersey, United States ECLARO Full time

    About the RoleECLARO is seeking a highly skilled Financial Analyst - Alternative Markets to join our team. As a key member of our finance team, you will be responsible for analyzing policy premium balances and ensuring timely collection of outstanding premiums.Key ResponsibilitiesCommunicate outstanding premium balances to brokers and program...

  • Financial Operations Specialist

    7 days ago

    Jersey City, New Jersey, United States Stratford Solutions Inc. Full time

    Job Title: Payment Processing SpecialistJob Category: Entry LevelJob Type: Contract 6 MonthsLocation: HybridPay Rate: $24 per hourJob DescriptionThe Payment Processing Specialist is responsible for processing various currency payment instructions in accordance with Firm policy and procedure. Payment instructions may be a manual instruction such as fax or an...

  • Reinsurance Operations Specialist

    2 weeks ago

    Jersey City, New Jersey, United States Aspen Insurance Group Full time

    Reinsurance Operations SpecialistLocation: Jersey City, New JerseyEmployment Type: Permanent - Full TimeAbout Aspen Insurance GroupFounded in 2002, Aspen Insurance Group has established itself as a premier, diversified specialty insurance and reinsurance provider. Our commitment to thoughtful and innovative solutions ensures we achieve optimal outcomes for...

  • Lead Accounting Specialist

    2 weeks ago

    Jersey City, New Jersey, United States Creative Financial Staffing Full time

    Now Hiring: Senior Accountant/Accounting ManagerOverviewThe Senior Accountant/Accounting Manager collaborates closely with the Controller to enhance the department's responsiveness to business needs. This position entails overseeing, analyzing, and reporting on product costs, manufacturing expense budgets, inventory levels, fixed assets, working capital,...

  • Lead Accounting Specialist

    2 weeks ago

    Jersey City, New Jersey, United States Creative Financial Staffing Full time

    Now Hiring: Senior Accountant/Accounting ManagerOverviewThe Senior Accountant/Accounting Manager collaborates closely with the Controller to enhance the department's responsiveness to business needs. This role encompasses the oversight of product costing, manufacturing expense budgets, inventory management, fixed asset accounting, working capital, income...

  • Lead Accounting Specialist

    2 weeks ago

    Jersey City, New Jersey, United States Creative Financial Staffing Full time

    Now Hiring: Senior Accountant/Accounting ManagerOverviewThe Senior Accountant/Accounting Manager collaborates closely with the Controller to enhance the department's responsiveness to business needs. This role is pivotal in overseeing, analyzing, and reporting on product costs, manufacturing expense budgets, inventory levels, fixed assets, working capital,...

  • Program Control Specialist

    2 weeks ago

    Jersey City, New Jersey, United States BAE Systems Full time

    Job SummaryWe are seeking a highly skilled Program Control Specialist to join our team at BAE Systems. As a key member of our finance team, you will be responsible for managing the proposal, baseline, execution, and closeout processes of the programs you oversee.Key ResponsibilitiesManage program costs, revenue recognition, profit, cash, and...

  • Financial Controller

    1 week ago

    Jersey City, New Jersey, United States Vaco Full time

    Position OverviewThe Financial Controller is responsible for managing the financial planning and accounting operations for a real estate organization and its affiliates. This position entails overseeing the monthly closing activities, invoicing, accounts receivable, accounts payable, and assisting in the preparation of annual property budgets, as well as...

  • Junior Financial Analyst

    2 hours ago

    Jersey City, New Jersey, United States Russell Tobin Full time

    Job SummaryWe are seeking a highly motivated and detail-oriented Junior Financial Analyst to join our team at Russell Tobin. This role is perfect for recent graduates looking to start their career in finance and gain hands-on experience in financial analysis, operations, reporting, and strategic planning.Key ResponsibilitiesFinancial Analysis: Assist in...