Accounts Receivable Associate

About the position

The position involves managing cash receipts, receivable adjustments, research, and month-end reporting. The primary responsibilities include verifying and posting cash received from various sources, reconciling daily cash transactions, and ensuring accurate cash application. The role also requires collaboration with the credit and collections team to address adjustments and discrepancies, as well as conducting research on complex accounting questions. Additionally, the employee will document cash transactions and complete reconciliations to support month-end reporting.

Responsibilities

• Verify, match and post cash received from bank lockboxes, electronic payments, credit card and intercompany payments to applicable open invoices.
• Correlate electronic payments to the applicable remittance details sent from customers.
• Prepare and post applicable cash receipts to general ledger in multiple ERP systems.
• Research and resolve payment issues related to remittance information to determine the proper cash application.
• Communicate with customers to determine appropriate cash application.
• Reconcile daily cash imported into third-party cash application system to the bank receipt totals.
• Post payments in foreign currencies.
• Ensure completion of all cash postings to meet month-end deadlines.
• Review adjustments submitted from the credit and collections team for accuracy.
• Research questions and post adjustments to multiple ERP systems.
• Review and process approved refund requests and coordinate with accounts payable teams.
• Collaborate with credit and collections team when data submitted is not accurate.
• Research complex questions from various accounting groups related to cash and customer transactions.
• Document cash transactions to assist with reconciling cash received to the monthly general ledger balances.
• Complete other reconciliations and perform other duties as assigned.

Requirements

• 2-4 years related experience.
• Associates degree in Accounting or Business, or 6+ years of related experience with a high school diploma or GED.
• Very little to no travel required.
• Ability to drive a personal vehicle for company business less than 20% per week.

Nice-to-haves

• Good computer and communication skills.
• Attention to detail.
• Prior experience with reconciling accounts.
• Ability to work in a team environment.