What are the responsibilities and job description for the Accounts Receivable position at East River Contracting?
The Accounts Receivable Specialist is responsible for managing the organization’s accounts receivable processes, ensuring timely collection of outstanding payments, accurate invoicing, and maintaining positive relationships with customers. This role plays a vital part in maintaining the financial health of the company by reducing overdue balances and ensuring a consistent cash flow.
Key Responsibilities:
Invoicing and Billing: Generate and distribute customer invoices accurately and on time. Ensure all invoices are compliant with company policies and contractual agreements.
Payment Collection: Monitor accounts receivable aging reports and follow up on overdue payments. Contact customers via phone, email, or written correspondence to resolve payment delays or disputes.
Account Reconciliation: Reconcile customer accounts and investigate discrepancies in payments. Apply payments to customer accounts accurately in the accounting system.
Reporting: Prepare regular accounts receivable reports for management.
Analyze collection trends and suggest process improvements. Assist with month-end closing activities related to accounts receivable.
Customer Relations: Maintain positive and professional relationships with customers while addressing billing issues. Serve as a point of contact for customer inquiries regarding invoices and payments.
Compliance and Documentation: Ensure compliance with financial policies, procedures, and relevant regulations. Maintain accurate records of all accounts receivable transactions.
