What are the responsibilities and job description for the Accounts Receivable Coordinator position at Graco Oilfield Service?
Job Type
Full-time
Description
SUMMARY OF POSITION
This position is responsible for monitoring the accuracy and completion of the billing cycle as well as reviewing the AR aging to ensure timely collection of the company's receivables. It is expected that the incumbent will provide first in class attention to detail, and have a great attitude towards customer service. Will perform duties in compliance with established industry standards and according to company practices.
ESSENTIAL FUNCTIONS
- Oversee the company's receivable balances and cash collections
- Prepares customer invoices and distribute accordingly
- Enter / upload invoices through customer EDI (Electronic Data Interchange) systems
- Administer customer invoice payments and maintain invoice file copies
- Maintain a daily log of cash receipts
- Report and assist in the development of management reporting, including aging buckets and / or customer payment trends and open balances
- Initiate credit applications on new customers and monitor credit lines extended to existing customers
- Answer AR customer phone inquiries
- Prepare AR reports on request, update / add new customer profiles into the accounting system
- Assist in gathering accounting support and coordinating external bank and financial audits.
- Adhere to policies and procedures (internal controls) to provide reasonable assurance that the company assets are protected
- Work inter-departmentally to develop and maintain a cash forecasting model to be updated weekly
- Continually seek to improve accounting department processes
- Performs other duties within his / her capabilities as determined by management
Requirements
