What are the responsibilities and job description for the Accountant - Cash Application position at Lantheus?
Description
Lantheus is an entrepreneurial, agile, growing organization that provides innovative diagnostics, targeted therapeutics, and artificial intelligence (AI) solutions that empower clinicians to find, fight and follow disease. At Lantheus our purpose and values guide our behaviors in all interactions and play a vital role in creating a dynamic environment that contributes to our success. Every employee is crucial to our success; we respect one another and act as one knowing that someone's health is in our hands. We believe in helping people be their best and are seeking to bring together a diverse group of individuals with different viewpoints and skill sets to be a part of a productive and inclusive team.
Essential Functions :
The Accountant - Cash Application is responsible for completion of timely and accurate application of customer payments received through bank lockbox, ACH, Wire, Credit Card, or other methods to customer invoices, performing payment transfers between companies, balancing entries, and weekly / monthly reporting to accounting. Identifying cash received for appropriate application to customer account or GL account. The Accountant - Cash Application will ensure that cash is processed timely and accurately.
Primary responsibilities :
- Processing payments : Knowledge to proficiently manage all aspects of the cash application process, including posting ACH, wires, credit card, and lockbox payments, while following established procedures in accordance with Lantheus policies
- Transferring payments / credits across accounts and companies
- Addressing internal requests for correction / reclass entries in relation to cash applications
- Reconciling accounts : Reconciling accounts and customers balances
- Maintaining records : Maintaining records of transactions and credit memos
- Addressing Discrepancies Perform various types of client account adjustments, such as credit transfers, application of unapplied funds, write-offs, and refunds.
- Generating reports : Creating reports to track and ensure the posting of the receipts is complete at the end of each fiscal period.
- Collaborating with others : Interactions with customers to resolve payment-related issues and internally with cross-functional teams
- Working closely with Collection Team for all cash application exceptions and queries
- Analytical and investigative approach in the resolution of unidentified funds.
- Researching and resolving disputed invoices, overpayments, underpayments with customers and internal work team
- Providing documents for internal / external audits as necessary
- Verifying and reconciling daily bank transmission from the bank lockboxes to relevant electronic systems based on actual deposits.
- Clearing suspense accounts daily during applications. Offset credit / debit invoices on customer accounts.
- Participating in support projects and other activities aimed at continuous improvement as assigned
- Offering recommendations to management to enhance posting processes
- Maintaining current understanding of all related internal systems and processes, and external regulatory requirements. Act in accordance with all corporate policies and practices, and ensure work is in compliance with all internal policies and external regulatory
- Prepare accounts receivable reconciliation to the general ledger on a monthly basis.
- Prepare the accounts receivable bad debt analysis on a monthly basis in line with the corporate policies, and recommend any adjustments needed to the reserve to management.
- Actively demonstrating the Lantheus values of accountability, quality, efficiency, customer service, collaboration, and safety.
Minimum Skills and Experience / Education
Other Requirements :
