What are the responsibilities and job description for the Accounts Receivable Specialist position at Solve IMG?
Solve Industrial Motion Group is a global manufacturer of bearings and power transmission parts. Solve’s brand portfolio includes P.T. International, IPTCI Bearings, LMS Bearings, TRITAN Precision Power Transmission Components, SST, MasterDrive and SPB. Collectively, they represent more than 100,000 products available from nine locations nationwide. Our unmatched dedication to quality materials and manufacturing processes, rigorous quality control, and end-to-end support and service have helped us grow to become a trusted supplier to high-performance industries worldwide. Our team members are knowledgeable “go-to” resources for power transmission products, support, and advice that keeps our customers’ businesses moving forward.
POSITION DESCRIPTION: Reporting to the Accounts Receivable Manager, the Accounts Receivable Specialist is responsible for managing the billing process, monitoring outstanding balances, resolving payment discrepancies, and ensuring timely collection of receivables. The ideal candidate will exercise their high attention to detail, and strong multi-tasking skills while seamlessly toggling between multiple priorities and financial procedures to ensure all deadlines are met in a timely matter. The Accounts Receivable Specialist will be skilled in accounting software to ensure accuracy in the billing process. The ideal candidate will utilize their strong communications skills while engaging with both internal and external stakeholders. The Accounts Receivable Specialist will be a self-starter with a continuous improvement mindset, mindful of identifying the most effective and efficient processes for the Accounts Receivable team. The ideal candidate will be motivated to continuously learn and sharpen their skills, as a master of their craft, to best support Solve’s growth and evolving accounting needs.
RESPONSIBILITIES:
POSITION DESCRIPTION: Reporting to the Accounts Receivable Manager, the Accounts Receivable Specialist is responsible for managing the billing process, monitoring outstanding balances, resolving payment discrepancies, and ensuring timely collection of receivables. The ideal candidate will exercise their high attention to detail, and strong multi-tasking skills while seamlessly toggling between multiple priorities and financial procedures to ensure all deadlines are met in a timely matter. The Accounts Receivable Specialist will be skilled in accounting software to ensure accuracy in the billing process. The ideal candidate will utilize their strong communications skills while engaging with both internal and external stakeholders. The Accounts Receivable Specialist will be a self-starter with a continuous improvement mindset, mindful of identifying the most effective and efficient processes for the Accounts Receivable team. The ideal candidate will be motivated to continuously learn and sharpen their skills, as a master of their craft, to best support Solve’s growth and evolving accounting needs.
RESPONSIBILITIES:
- Generate and distribute accurate customer invoices in a timely manner
- Monitor customer accounts for delayed payments and follow-up regularly to ensure timely collection
- Maintain accurate records of all accounts receivable activity
- Reconcile accounts and resolve any billing or payment discrepancies
- Collaborate with internal departments (Sales, Customer Solutions) to ensure invoicing accuracy
- Apply customer payments and credit memos accurately within the accounting system
- Prepare and analyze aging reports; escalate delinquent accounts as appropriate
- Support monthly, quarterly and year-end closing processes
- Assist with collecting audit support documents, as requested
- Ensure compliance with company policies and accounting standards
- Assist with various ad hoc accounting projects
- High School diploma or equivalent
- 3 Year Accounts Receivable experience
- Bachelor’s degree in Accounting
- Experience using Microsoft Office Products
- Experience working in Distribution, Manufacturing or Wholesale environments
- Market competitive benefits package, including company-sponsored health coverage, life insurance, 401(k) plan with company match, paid parental leave and paid time off
- Work in a collaborative environment with passionate and innovative teammates
