Accounts Receivable Staff Accountant

2 weeks ago


Virginia Beach, Virginia, United States CFA Institute Full time

General Overview:

The Accounts Receivable Staff Accountant for Corporate Accounting is tasked with managing commission collections, assessing bad debt provisions, and executing monthly reconciliations for the Corporate Accounting Center.


Key Responsibilities:
Oversee daily operations related to the collection of commission payables owed to the agency.
Collaborate with insurance providers to guarantee prompt payment of collected items.
Conduct account reconciliations to identify billing discrepancies and coordinate with the account management team for resolution.

Address issues related to carrier payments and partner with the Direct Bill team to resolve matters such as ACH payments, name modifications, or contract adjustments.

Assist the Direct Bill team in reconciling items on payment statements.
Strive to decrease overall outstanding balances on a quarterly basis.
Facilitate monthly discussions with regional management to address ongoing regional issues.
Evaluate aged receivables to determine suitable resolutions for outstanding items:
Small balance write-offs.
Year-end balance adjustments.
Monthly clean-up for cash basis revenue.
Support the calculation of Direct Bill allowances.
Communicate relevant issues to the management team as necessary.

Required Knowledge, Skills, and Abilities:
1-3 years of progressive experience in an Accounts Receivable department with account reconciliation expertise is essential; an AS/BA/BS degree is advantageous.
Experience in the insurance sector and direct billing is preferred.
Commercial collections experience is desirable.
A strong work ethic with a clear sense of urgency is necessary.
Must be an organized self-starter who thrives in a collaborative environment.
Attention to detail and the ability to retain critical information are crucial.
Proficiency in MS Office and Excel is required.
Understanding of general accounting principles is essential.
Accurate and efficient data entry skills are necessary.

Job ID: 28665

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