Accounts Receivable Analyst

Job Title: Accounts Receivable Analyst

Location: East Granby, CT
Department: Finance/Accounts Receivable
Reports To: Accounts Receivable Supervisor

Job Summary: The AR Analyst is responsible for managing accounts receivable, with a focus on collection efforts across assigned states. This role supports and assists with various ad hoc projects, including key accounts and cash application.

Key Responsibilities:

• Accounts Receivable Management:
  • Monitor and manage accounts receivable aging reports to identify overdue accounts.
  • Develop and implement effective collection strategies to reduce outstanding debts.
• Collection Efforts:
  • Lead collection activities for one or two designated states and key accounts to ensure timely payments.
  • Develop and maintain relationships with clients to facilitate effective collections.
• Accounts Receivable Reporting:
  • Assist in the preparation of monthly, quarterly, and annual invoices and reports related to collections and accounts receivable.
  • Ensure compliance with accounting principles and company policies in all financial reporting.
• Communication:
  • Collaborate with cross-functional teams (sales, customer service) to resolve payment issues and improve customer relations.
  • Communicate with clients regarding outstanding invoices and negotiate payment plans when necessary, providing exceptional customer service and ensuring a positive company image .
• Data Analysis:
  • Analyze financial data and collection metrics to identify trends, potential risks, and opportunities for improvement.
  • Prepare detailed reports on collections performance for management review.
• Ad Hoc Projects:
  • Participate in special projects and reporting initiatives as required.
  • Provide support in optimizing billing processes and improving efficiency.

Requirements:

Qualifications:

• Bachelor's degree in finance, Accounting, or related field.
• 2-4 years of experience in accounts receivable, collections, and customer service.
• Strong analytical skills and attention to detail.
• Proficiency in financial software and MS Excel.
• Excellent communication and interpersonal skills.
• Ability to work independently and collaboratively in a fast-paced environment.

Preferred Skills:

• Knowledge of relevant regulations and compliance standards.
• Familiarity with financial reporting tools.

Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.