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)
Description
Position Summary
Lift Solutions Holdings is a provider of end-to-end industrial lifting solutions. Lift Solutions’ offering includes OSHA mandated inspection, aftermarket services and parts for overhead cranes and other lifting equipment, and crane equipment. We are looking for an experienced Accounts Receivable Specialist to join our team.
This role is crucial in securing cash to drive further growth. The team is building a centralized AR department that will oversee all functions, including invoicing, payment application and collections for the entire organization. We are looking for an energetic candidate, who is comfortable working independently and communicates well to other team members and outside customers. This position will carry themselves in a professional manner, while being firm in carrying out company policy. The AR Collections Specialist will report to the Corporate Controller now (possibly AR Manager in future) and interact with other cross functional teams in Finance and Accounting.
Duties & Responsibilities
· Utilize customer portals to invoice and check payment status
· Assist in invoicing and billing as needed
· Communicate customer credit holds and payment expectations
· Recommend process changes to ensure invoices are billed and paid timely
· Process new customers, credit limit increases and customer changes
· Reconcile and apply cash and credit card payments; Apply customer ACH payments
· Process customer credit memos
· Complete accounts receivable month end procedures
· Any other tasks assigned by your Manager
· Follow-up with customers on overdue accounts
· Respond to customer inquiries in a timely and professional manner
· Research and implement effective collection techniques
Requirements
Qualifications:
· Thorough understanding of collections / billing processes and systems
· Working knowledge of Microsoft Word, Excel and Outlook required
· LSH currently uses ERP systems such as Takestock (Infor) and SAGE. Past experience with these is a BIG bonus. Otherwise, ability to learn accounting software applications
Education:
· Associates degree in business required. Bachelor’s degree preferred
· 3 years collections or AR required
Clear All
0 Accounts Payable/Receivable Analyst jobs found in Lancaster, PA area