What are the responsibilities and job description for the AP/AR Specialist position at Hycor Biomedical?
About HYCOR Biomedical:
HYCOR Biomedical is a global manufacturer and supplier of high-quality in vitro diagnostic products for blood testing related to allergies. The company operates across four locations: California, USA; Amsterdam, Netherlands; Paris, France; and Göttingen, Germany.
At HYCOR, we believe that individuals with allergies can significantly improve their quality of life by identifying the exact cause of their symptoms. Understanding the underlying allergens is crucial! We empower physicians, laboratories, and patients with accurate allergy test results, offering a new standard of assays designed to minimize interference and reduce operational costs through enhanced efficiency.
HYCOR proudly introduces the NOVEOS® system, the new standard in allergy testing that addresses the shortcomings of current technologies. NOVEOS is ideal for mid-to-high volume laboratories that routinely test for specific IgE. It requires only a 4-μL sample size per test, reducing sample errors, resampling, and patient trauma. The advanced micro-particle technology minimizes interference from biotin, IgG/IgG4, and solid-phase related cross-reactive carbohydrate determinant (CCD) binding. NOVEOS offers high sensitivity, excellent low-end precision, and up to 13 hours of true walk-away capability.
About the Job:
We are seeking an organized and detail-oriented Accounts Payable/Receivable Specialist to join our team. This role will be responsible for managing both accounts payable (AP) and accounts receivable (AR) functions, ensuring accurate and timely processing of financial transactions. The ideal candidate will have strong communication skills, a keen eye for detail, and experience in accounting practices.
Essential Functions:
Accounts Payable (AP):
Process all incoming invoices and ensure timely payment to vendors and suppliers.
Verify invoice accuracy, resolve discrepancies, and maintain vendor records.
Review and reconcile AP statements to ensure all transactions are accurate and properly accounted for.
Prepare and process weekly/monthly payment runs (checks, ACH, wire transfers).
Monitor and maintain AP aging reports to ensure timely payments and avoid late fees.
Assist with the preparation of financial reports related to accounts payable.
Respond to vendor inquiries regarding payment status, discrepancies, and account information.
Assist in the month-end and year-end closing processes.
Reconcile AP-related accounts, including corporate credit card accounts.
Prepare monthly statements of cash flows and related forecasts.
Accounts Receivable (AR):
Generate and send customer invoices in a timely manner.
Process incoming payments and ensure they are applied to the correct customer accounts.
Monitor AR aging reports and follow up with customers on overdue payments.
Reconcile AR accounts and resolve discrepancies or issues with customers.
Assist in preparing customer statements and sending reminders for past-due invoices.
Collaborate with the sales department to ensure accurate billing information and customer accounts.
Maintain accurate and up-to-date records of all transactions, payments, and outstanding balances.
Assist in the preparation of financial reports related to accounts receivable.
Other Functions:
Participate in miscellaneous projects as identified by the incumbent or as assigned by the supervisor.
Qualifications:
Proven experience (3-5 years) in accounts payable and accounts receivable functions or similar roles.
Bachelor's Degree in Accounting, Finance, or a related field.
Strong knowledge of accounting principles and financial reporting.
Proficiency in Microsoft Excel and accounting software (e.g., QuickBooks, SAP, Oracle).
Excellent organizational skills and attention to detail.
Ability to manage multiple tasks and meet deadlines.
Strong communication skills, both written and verbal.
Ability to work independently and collaboratively in a team environment.
As a team member of HYCOR, you will enjoy:
A comprehensive benefits package, including health, vision, and dental insurance.
401(k) plan.
Unlimited PTO.