What are the responsibilities and job description for the Accounts Receivable Specialist position at Elkhart Brass?
Position Summary
The Accounts Receivable Specialist at Elkhart Brass is responsible for collecting accounts receivable, managing payment-in-advance customers, and analyzing credit risks. This role ensures customers pay on time and helps problem-solve anything causing payment delays.
Key Responsibilities
- Post daily cash receipts.
- Monitor customer accounts for overdue payments.
- Contact delinquent customers to discuss outstanding invoices.
- Investigate and resolve payment discrepancies.
- Coordinate with Customer Service to ensure outstanding customer service issues are accounted for when working with customers for payment.
- Negotiate re-payment plans with customers.
- Run credit reports and assess customer creditworthiness.
- Maintain detailed records of collection activities.
- Ensure that the invoice automation is working, investigate and resolve issues, and manually issue invoices and credit memos as needed.
- Reconcile the accounts receivable ledger to ensure that all payments are accounted for and properly posted.
- Gather sales tax exemption forms and ensure Elkhart Brass has up-to-date records.
- Manage the credit/rebill process for customers charged sales tax in error according to the tax exemption forms on file.
- Generate financial reports detailing accounts receivable status and run weekly AR status update meetings with Sales and Finance leadership.
- Continuously improve processes to proactively address customer payment issues.
- Update various daily & weekly financial reports for plant Finance and Operations leadership.
- Perform all other duties as assigned, which may include but are not limited to ad-hoc financial analysis, periodic reporting and data management.
Required Qualifications
- High degree of accuracy and attention to detail.
- Strong communication, organization, and analytical skills.
- Proficiency in MS Office and relevant accounting software.
- Proven ability to calculate, post, and manage accounting figures and financial records.
- Understanding of basic accounting principles, fair credit practices, and collection regulations.
- Eager to learn, grow and develop finance and accounting skill set.
- Team player able to coordinate effectively with multiple departments.
Preferred Qualifications
- Bachelor’s degree in Accounting, Finance, or related field.
- Two years of AR or accounting experience in a manufacturing environment.
Pay: $23.00 - $27.00 per hour
Benefits:
- 401(k) matching
- AD&D insurance
- Dental insurance
- Disability insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Vision insurance
Work Location: In person
Salary : $23 - $27