Account Receivable and Credit & Collections Specialist

Description

OMEGA SYSTEMS JOB DESCRIPTION

Position: Account Receivable and Credit & Collections Specialist
Reports To: Controller
Division: Finance
FSLA: Exempt
Office Designation: Hybrid
Office Location: 1121 Snyder Rd, Reading, PA 19609 OR 26 Fahey St, Stamford, CT 06907

Join An Award-Winning Team!

Omega Systems is a nationally recognized technology solutions firm serving a growing number of businesses across the Northeast. We regularly seek talent willing to take on new challenges and innovative methodologies to accommodate our expanding footprint. If you are passionate about IT and eager to benefit from personal development, team-based collaborations, and abundant opportunities, consider joining the Omega Systems family and becoming part of our story.

Omega Systems Consultants Inc. is seeking to add a Full-Time Accounts Receivable and Credit & Collections Specialist to join our growing team at our HR office in Reading, PA or our Stamford, CT office.

Position Overview: The Accounts Receivable and Credit & Collections Specialist is responsible for executing the organization’s accounts receivable processes, ensuring timely collection of outstanding invoices, minimizing bad debt exposure, and maintaining positive relationships with clients. This role will handle credit policies, evaluate customer creditworthiness, and perform collections activities to support financial operations.

Key Responsibilities:

Accounts Receivable Management:

• Process all aspects of the accounts receivable cycle, tracking, and reconciliation.
• Ensure the accuracy and timeliness of customer billing and payment application.
• Develop and maintain accounts receivable aging reports to monitor outstanding balances and identify at-risk accounts.

Credit Management:

• Work with CFO to establish credit policies
• Evaluate customer creditworthiness by analyzing financial data, credit reports, and payment history.
• Establish and enforce credit limits and terms in alignment with company policies.
• Maintain and update credit policies to reflect organizational goals and market conditions.

Collections Management:

• Resolve outstanding receivables and reduce Days Sales Outstanding (DSO).
• Develop and implement effective strategies for timely collection of overdue accounts while maintaining customer relationships.
• Collaborate with internal teams to address and resolve billing disputes.

Reporting and Compliance:

• Prepare and present regular reports on accounts receivable metrics, credit risk, and collection performance to senior management.
• Ensure compliance with company policies, accounting standards, and regulatory requirements.
• Identify opportunities for process improvements and implement solutions to enhance efficiency.

Qualifications and Competencies:

• Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
• 3 years of experience in accounts receivable, credit, and collections.
• Strong understanding of accounting principles, credit evaluation techniques, and collections practices.
• Proficiency in ERP and accounting systems (e.g., QuickBooks, NetSuite, or similar) and Microsoft Office Suite.
• Excellent analytical, problem-solving, and negotiation skills.
• Strong communication and interpersonal skills with the ability to maintain positive relationships with clients and internal stakeholders.

Preferred Qualifications:

• Certification in Credit and Collections or related areas.
• Experience in the technology or services industry.
• Knowledge of relevant laws and regulations governing credit and collections practices.

Key Competencies:

• Detail-oriented with a focus on accuracy and compliance.
• Ability to work under pressure and meet deadlines.
• Customer-focused mindset with a commitment to resolving issues effectively.

Benefits

• Heath Insurance
• Dental Insurance
• Vision
• 401(K) plus employer match
• Life Insurance & Accidental Death and Dismemberment
• Employee Assistance Program
• Additional ancillary benefits to select from
• Paid Time Off, Paid Company Holidays, Floating Holiday and your Birthday is a Holiday

EEO Statement

The Company's policy is to provide equal employment opportunities for all applicants and employees. Omega Systems provides equal employment opportunities to all qualified individuals without regard to actual or perceived race including hair texture and natural hair styles), color, religion, religious creed (including religious dress and religious grooming practices), sex (including pregnancy, perceived pregnancy, childbirth, breastfeeding, or related medical conditions), gender, gender identity (including transgender identity, status and transitioning), gender expression and sex stereotyping, national origin, ancestry, citizenship, age, physical or mental disability, legally protected medical condition or information (including genetic information), family care or medical leave status, military caregiver status, military status, veteran status, marital status, domestic partner status, sexual orientation, status as a victim of domestic violence, sexual assault or stalking, enrollment in a public assistance program, engaging in protected communications regarding employee wages, requesting a reasonable accommodation on the basis of disability or bona fide religious belief or practice, or any other basis protected by local, state, or federal laws. Applicants, as well as employees who are or have become disabled, must be able to perform the essential job functions with or without reasonable accommodation. The Company shall determine reasonable accommodation on a case by case basis in accordance with applicable law.

Qualifications