Sr. Accounts Receivable Analyst

The Sr. Accounts Receivable Analyst is responsible for overseeing the company’s credit and collections process to ensure the timely and efficient collection of outstanding receivables. This role involves reviewing customer credit risk, optimizing cash flow (Skips/ Short/overpayments), and maintaining positive relationships with clients. The Analyst works closely with various departments, including finance, sales, and customer service, to support the organization’s financial goals.

Key Responsibilities:

Credit Management:

• Maintain credit policies and procedures.
• Ensure customer credit limits and terms are being adhered to.
• Monitor customer accounts for potential credit risks and take preventive action.

Collections Oversight:

• Implement strategies to ensure timely collection of outstanding invoices.
• Identify source of nonpayment and short/over payment of invoices.
• Communicate to Sales/AR management
• Manage specific accounts receivable aging and prioritize collections efforts for overdue accounts.
• Assist payment plans or settlements with customers, as necessary.

Customer Relations:

• Serve as the primary point of contact for escalated credit or collections issues.
• Maintain strong relationships with customers while enforcing payment terms.
• Address disputes and resolve discrepancies in a timely manner.

Reporting and Analysis:

• Generate and analyze reports on accounts receivable performance, collections efficiency, and credit risk exposure.
• Provide regular updates to senior management on cash flow and key metrics.
• Identify trends and make recommendations to improve credit and collections processes.

Compliance and Audit:

• Ensure compliance with company policies, legal regulations, and industry standards.
• Support internal and external audits by providing required documentation and reconciliations.
• Implement and monitor internal controls to mitigate risks.

Qualifications and Skills:

Education: Bachelor’s Degree in Accounting, Business Administration, or a related field Or

Experience:

• 3 years of experience in credit and collections or accounts receivable.

Technical Skills:

• Proficiency in ERP systems (e.g., VIP) and collections management software.
• Strong Excel skills and experience with financial reporting tools.

Soft Skills:

• Excellent communication and negotiation skills.
• Analytical mindset with attention to detail.
• Ability to handle high-pressure situations and meet deadlines.
• Problem-solving and decision-making capabilities.

Work Environment: Operates in an office setting.