What are the responsibilities and job description for the Senior Accounts Receivable Analyst position at Mayne Pharma?
Description
Position Overview
The Senior Accounts Receivable Analyst will provide oversight of the company’s accounts receivable processes, ensuring accuracy, efficiency, and compliance with company policies and accounting standards. This role involves managing and analyzing financial data, reconciling accounts and improving AR processes to optimize efficiency and cash flow. In addition, the Senior Accounts Receivable Analyst will be expected to support finance-related process improvement initiatives and changes to process / systems / setup.
Key Responsibility Areas
Responsibilities include, but are not limited to:
Mayne Pharma is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.
Any communication you receive from Mayne Pharma will never come from a personal email domain or chat service such as "gmail" or "Google Chat". All official communication from Mayne Pharma will be received from our company email domain - @maynepharma.com.
Position Overview
The Senior Accounts Receivable Analyst will provide oversight of the company’s accounts receivable processes, ensuring accuracy, efficiency, and compliance with company policies and accounting standards. This role involves managing and analyzing financial data, reconciling accounts and improving AR processes to optimize efficiency and cash flow. In addition, the Senior Accounts Receivable Analyst will be expected to support finance-related process improvement initiatives and changes to process / systems / setup.
Key Responsibility Areas
- Financial Accountability: Provide timely and effective oversight and monitoring of customer account balances to ensure mitigation of risk.
- Financial Analysis: Provide timely and accurate analysis and assessment of customer account balances and associated risks to the company.
- Financial Reporting: Support creation and maintenance of customer aging reports and cash forecasts.
- Process Improvement: Identify inefficiencies in AR processes and implement improvements to streamline operations. Collaborate with other departments to optimize the AR workflow.
Responsibilities include, but are not limited to:
- Manages Wholesalers and related customer accounts receivable, including monitoring of aging, payment processing, cash application, collections, and maintenance of required records.
- Supports oversight of third-party revenue management and accounts receivable systems, respectively, and related processes/calculations/records.
- Collaborates with customers, internal stakeholders, and third-party revenue-management and other vendors as required to resolve customer accounts receivable deductions, and discrepancies with customer chargebacks, returns, rebates, and other deductions.
- Prepares monthly accounts receivable general ledger reconciliations and related journal entries.
- Monitors accounts receivable control environment to ensure compliance with company policy.
- Prepares monthly cash forecast for Wholesalers and related accounts receivable.
- Supports GTN accrual rate forecasting and validation via deduction register analysis.
- Supports Finance process automation initiatives, to include those related to or intersecting with the accounts receivable and related functions.
- Supports periodic financial and other audit processes.
- Supports other finance projects and workstreams as required.
- Passion: Evidences passion for the organization, our people, and the difference we make daily in improving the lives and health of people.
- Integrity: Demonstrates the highest commitment to integrity and showing respect for and value all individuals for their diverse backgrounds, experiences, styles, approaches and ideas.
- Empowerment: Finds opportunities to improve and extend their contribution to the organization and their teammates.
- Accountability: Assumes responsibility for successfully accomplishing work objectives and delivering business results; setting high standards of performance for self and others.
- Creativity: Explores and advances opportunities to develop novel solutions and approaches to the improvement of processes and services.
- Agility: Responds positively to change, embracing and using new practices or values to accomplish goals and solve problems.
- Attention to Detail: Ensure information is complete and accurate; follows up with others to ensure that agreements and commitments have been fulfilled.
- Bachelor’s degree in Accounting or Finance, or equivalent experience
- Five years of pharmaceutical industry experience.
- Five years of accounts receivable experience.
- Experience with QAD (ERP)
- Ability to investigate discrepancies, resolve payment issues, analyze trends, and understand gross to net deductions.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong attention to detail and accuracy in handling financial data.
- Strong credit management background
- Effective communication skills for interacting with customers, and both internal and external stakeholders.
- Ability to work independently, take initiative, and manage tasks without supervision.
Mayne Pharma is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.
Any communication you receive from Mayne Pharma will never come from a personal email domain or chat service such as "gmail" or "Google Chat". All official communication from Mayne Pharma will be received from our company email domain - @maynepharma.com.
