Senior Accounts Receivable Specialist

Main Duties and Responsibilities

• Manage customer credit and accounts receivable activities, including credit risk assessment, collections oversight, account reconciliations, dispute resolution, compliance with established credit policies and SOX controls, and monitoring of receivables performance.
• Credit Risk Management
• Ensure credit risk is effectively managed through the evaluation of customer creditworthiness, analysis of D&B reports, review of payment history and trade references, and assessment of financial statements to support appropriate credit limit decisions.
• Assist in reporting accounts receivable and credit risk metrics to senior leadership.
• Apply financial policies and procedures consistently to ensure compliance with company guidelines.
• Collections & Accounts Receivable Management
• Monitor customer accounts to identify overdue payments and outstanding balances.
• Resolve billing discrepancies or disputes by investigating payment discrepancies, and incorrect billing.
• Provide timely and professional responses to customer inquiries regarding invoices, payment terms, and account status.
• Work with the collections team to ensure cash is applied appropriately to customer accounts, as received.
• Absorb any differences.
• Maintain and update the customer database in alignment with Sales and Customer Service.
• Financial Reporting & Analysis
• Prepare monthly and quarterly and ad hoc analysis of financial results to management.
• Support the month and quarter end close processes by posting journal entries, performing balance sheet reconciliations, bad debt reserve calculations, flux analysis, etc.
• Support global SOX compliance activities, including performing internal controls.
• Preparation for financial statement tax, and other regulatory audits.
• Continuously identify and assist in implementing process improvement and or automation, to enhance collections efficiency and effectiveness.

Required Qualifications

• Bachelor's degree in Accounting, Finance, or a related field, or equivalent experience.
• Experience: 5-8 years

Key Competencies & Skills required

• Background in the Collection, Accounts Receivable, or similar area.
• Knowledge of payment terms, IncoTerms, banking, and risk assessment.
• Strong analytical and critical thinking skills with attention to detail.
• Credit management.
• Customer relationship management.
• Proficiency in Excel, ERP systems, and Office, SAP is a plus.
• Basic knowledge of commercial law.