Accounts Receivable Analyst

Optimas Solutions•Wood Dale, IL

6d•Onsite

About The Position

The Accounts Receivable Analyst will report to the Accounts Receivable Manager and support all aspects of accounts receivable, ensuring all deadlines are met with the highest degree of accuracy. Areas of impact: Create and maintain new account set-ups and process data updates in NetSuite as requested by customers and sales team. Ensure information is accurate and complete with supporting documentation is on file Review and analyze customer accounts, invoices, payments, credits and adjustments to ensure accuracy Perform detailed account reconciliations and investigate and resolve billing discrepancies, short payments, deductions, credits, and customer disputes Process account corrections via credit memo or debit memo timely Monitor existing customers accounts for changes in creditworthiness, payment behavior, and overall risk Recommend credit limit increased, decreases, holds, or other appropriate actions based on credit risk review Review orders on credit hold consistently for timely releasing for resolution and shipping. Process and apply customer payments accurately and promptly Document collection status and activity on outstanding customer invoices and monitor customer aging reports for open items needing resolution.

Requirements

Associate’s degree in Accounting, Finance or equivalent experience
Minimum of 4 years of accounts receivable experience in the manufacturing industry
Experience in NetSuite and/or Epicor ERP systems preferred
Proficiency with Microsoft Excel
Experience in credit, collections, and accounts receivable
Detail oriented
Strong Analytical skills
Ability to follow-through on tasks and objectives
Strong organizational skills and communication skills
Proactive and solutions-oriented

Responsibilities

Create and maintain new account set-ups and process data updates in NetSuite as requested by customers and sales team.
Ensure information is accurate and complete with supporting documentation is on file
Review and analyze customer accounts, invoices, payments, credits and adjustments to ensure accuracy
Perform detailed account reconciliations and investigate and resolve billing discrepancies, short payments, deductions, credits, and customer disputes
Process account corrections via credit memo or debit memo timely
Monitor existing customers accounts for changes in creditworthiness, payment behavior, and overall risk
Recommend credit limit increased, decreases, holds, or other appropriate actions based on credit risk review
Review orders on credit hold consistently for timely releasing for resolution and shipping.
Process and apply customer payments accurately and promptly
Document collection status and activity on outstanding customer invoices and monitor customer aging reports for open items needing resolution.