Overview
A Senior Accounts Receivable Specialist position is available within the Data Power & Control Team. This role involves analyzing accounts receivable transactions to ensure compliance with internal controls and accounting policies, while tracking and achieving key financial metrics. This is a remote position reporting to the West Hartford office.
Responsibilities
- Review collection reports to assess collection status and outstanding balances, evaluating the effectiveness of current collection policies and procedures.
- Audit delinquent accounts deemed uncollectible, ensuring maximum collection efforts before assigning bad credit status.
- Analyze accounts for ongoing risk and credit limit adjustments; release orders on credit hold daily.
- Implement and assist with credit and collection practices to reduce Days Sales Outstanding (DSO).
- Research and resolve payment issues including chargebacks, unauthorized deductions, and policy compliance.
- Manage efficient collection of assigned accounts within established terms and conditions.
- Develop and implement billing, collections, and cash application policies.
- Maintain ongoing communication and build relationships with customers.
- Assist with financial planning through cash flow forecasting.
- Support month-end close activities including accounts receivable reconciliation, bad debt reserve, cash, and journal entry preparation.
- Maintain accurate customer records within the ERP system.
- Perform other duties as assigned.
Qualifications
Education:
- Associate's degree in Business Administration, Accounting, Finance, or equivalent experience.
Experience:
- Minimum of 3 years in credit and collections.
- Experience in construction and manufacturing industries preferred.
Skills and Abilities:
- Knowledge of generally accepted accounting principles, reporting requirements, and compliance with ethical and quality control standards.
- Strong financial control background with problem-solving and analytical skills.
- Good judgment, business ethics, integrity, and consulting skills.
- Ability to independently plan, prioritize, and manage a diverse workload.
- Strong organizational and time management skills with attention to detail.
- Ability to handle sensitive information confidentially.
- Proficiency with word processing, spreadsheets, presentations, databases, email, calendaring, and communication software.
- Excellent verbal and written communication skills, capable of effective communication across all organizational levels.
- Leadership skills with experience supervising and managing others.
- Collaborative team player.
Compensation and Benefits
- Salary range: $60,000 to $70,000 per year.
- Comprehensive medical, dental, and vision coverage.
- High employer 401(k) match.
- Paid time off (PTO) and holiday pay.
- Short-term and long-term disability plans.
- Above-benchmark paid maternity and parental leave.
- Bonus opportunities aligned with company incentive plans.
- Paid time off to volunteer.
- Access to an active and growing Employee Resource Group network.
Location
- Remote position reporting to the West Hartford office.
Equal Opportunity Employer.