Accounts Payable/Receivable Analyst analyzes accounts payable/receivable activities to ensure compliance with internal controls and accounting policies. Maintains and reconciles the accounts payable and accounts receivable ledger to validate charges and ensure timely and accurate payments and receipt of payments. Being an Accounts Payable/Receivable Analyst utilizes AP/AR data to identify trends, inefficiencies, and opportunities for improvements or cost savings. Generates reports to bring insight into collections, account ages, and other relevant metrics and relays conclusions to management. Additionally, Accounts Payable/Receivable Analyst investigates and resolves discrepancies in billings and collections or payments. Analyzes customer credit history, determines credit risk, and recommends credit limits and payment terms. May recommend improvements to accounts payable/receivable processes. Requires a bachelor's degree. Typically reports to a manager. The Accounts Payable/Receivable Analyst occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Accounts Payable/Receivable Analyst typically requires 2-4 years of related experience. (Copyright 2024 Salary.com)
Applicant MUST reside in or near the office location as this is a hybrid role.
We are seeking a detail-oriented and experienced Accounts Receivable Analyst to join our finance team. The Accounts Receivable Analyst will play a crucial role in managing and optimizing our company's accounts receivable processes. The ideal candidate will have a strong background in financial analysis, exceptional attention to detail, and the ability to communicate effectively with both internal and external stakeholders.
*This position requires applicants to successfully pass a credit & background check and drug screening.
EXPERIENCE/TRAINING/EDUCATION/CERTIFICATION:
MAIN DUTIES AND RESPONSIBILITIES:
Generate and distribute accurate and timely customer invoices.
Ensure invoices are compliant with company policies and industry regulations.
Investigate and resolve any discrepancies in billing.
Monitor and follow up on outstanding customer balances.
Implement collection strategies to minimize overdue payments.
Work closely with customers to resolve payment issues and discrepancies.
Post and reconcile customer payments in the accounting system.
Allocate payments to the appropriate customer accounts.
Investigate and resolve discrepancies in cash application.
Assess customer creditworthiness and establish appropriate credit limits.
Review credit terms and make recommendations for adjustments.
Collaborate with sales and customer service teams to address credit-related issues.
Generate and analyze accounts receivable reports.
Provide regular updates on key performance indicators related to receivables.
Identify trends and recommend improvements to enhance cash flow and reduce aging.
Build and maintain strong relationships with customers to facilitate payment processes.
Address customer inquiries and concerns regarding invoices and payments.
Work collaboratively with other departments to resolve customer issues.
SKILLS/ABILITIES:
WORK ENVIRONMENT/DEMANDS OF THE POSITION:
Our company is an equal opportunity employer. All applicants will be considered for employment without attention to sex, sexual orientation, gender identity, color, race, religion, age, national origin, veteran or disability status, or any other characteristic protected by federal, state, or local laws.
Job Type: Full-time
Pay: $50,000.00 - $60,000.00 per year
Benefits:
Experience level:
Schedule:
Work Location: Hybrid remote in Akron, OH 44310
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