What are the responsibilities and job description for the Accounts Receivable Specialist position at BYSTRONIC INC?
BASIC FUNCTION
This position is responsible for collections/cash applications and other miscellaneous accounting related responsibilities. Anticipated time allocation: 50% collections; 25% cash applications; 25% miscellaneous
SPECIFIC RESPONSIBILITIES
• Initiates timely collection calls to customers regarding payment of past due invoices as outlined within company guidelines
• Evaluates payment trends and past due issues on customer accounts by utilizing credit evaluation software and company aging reports.
• Monitors and analyzes customer payment patterns and deductions to identify and address payment irregularities
• Addresses and resolves customer concerns/disputes to secure payment within terms.
• Composes appropriate email and business correspondence to address collection issues.
• Reviews AR detail to identify and address credit limit breaches.
• Analyzes billing and payment histories to reconcile internal accounting issues, and takes appropriate steps to resolve.
• Researches credit balances on invoices and issues credit memos as necessary.
• Identifies and prepares invoice corrections, adjustments, and ad debit write offs as appropriate
• Works closely with department to identify and address high risk credit situations.
• Responsible for retrieving bank transactions and accurately posting to ERP.
• Serves as a liaison obtaining invoice and coordination of activities with financing company.
• Analyzes and maintains settlement reports by daily reconciling credit reports and files accordingly.
