Accounts Receivable Analyst

Indianapolis Motor Speedway•Indianapolis, IN

4d•Onsite

About The Position

The Accounts Receivable Analyst owns accounts receivable for Penske Entertainment, from cash application and collections through month-end close. The position has authority to approve write-offs, adjustments, and payment terms and supports the finance team across the company’s motorsports brands. The role works in fast-paced, collaborative office and event settings and partners with customers and internal departments to resolve account matters and improve cash flow.

Requirements

Strong understanding of accounts receivable processes and general accounting principles.
Experience with Great Plains or similar accounting software and cash receipt processing.
Analytical and critical-thinking skills, including the ability to identify discrepancies, research account variances, and resolve payment issues.
Excellent attention to detail and accuracy in processing financial transactions.
Effective written and verbal communication skills and ability to collaborate across departments.
Proactive, flexible mindset and commitment to excellence.
Cultural competence and ability to thrive in a diverse environment.
Alignment with Penske Entertainment’s core values and standards.
Bachelor’s degree in accounting, finance, business, or a related field required.

Responsibilities

Analyze accounts receivable trends, aging, and days sales outstanding, and recommend actions to reduce risk and improve cash flow.
Identify and implement process improvements and internal controls for cash receipts and accounts receivable.
Own credit and collection policies and procedures.
Lead month-end accounts receivable close, including reconciliations, journal entries, and variance analysis, and explain results to Finance leadership.
Represent accounts receivable in audits and respond to related requests and explanations.
Decide on write-offs, adjustments, and credit memos up to an established amount, and recommend larger amounts to the Chief Financial Officer.
Record cash receipts in Great Plains, apply receipts to invoices and customer accounts, and post bank deposits.
Approve customer payment-term exceptions within established authority.
Respond to customer and internal inquiries about invoices, account balances, payment applications, and account statements.
Prepare and distribute weekly aging reports to support collection efforts and provide visibility into outstanding balances.
Prepare customer invoices and assist with credit-card payment inquiries.
Investigate and resolve credit-card chargebacks and related disputes.
Maintain accurate financial records and supporting documentation in accordance with established accounting procedures.
Inventory and order department supplies as needed.