What are the responsibilities and job description for the AR Specialist position at KBW Financial Staffing & Recruiting?
Responsibilities
KBW Financial has partnered with an established organization based out of Middlesex County, that is actively looking to add an AR Specialist to their growing team! The AR Specialist will report directly to the CFO, and assist with full cycle AR responsibilities. The ideal candidate should have 5 years of accounts receivable experience, and posses a general understanding of basic accounting principles. The AR Specialist will perform the following:
KBW789
KBW Financial has partnered with an established organization based out of Middlesex County, that is actively looking to add an AR Specialist to their growing team! The AR Specialist will report directly to the CFO, and assist with full cycle AR responsibilities. The ideal candidate should have 5 years of accounts receivable experience, and posses a general understanding of basic accounting principles. The AR Specialist will perform the following:
- Actively follow up on outstanding receivables to ensure prompt and consistent payment.
- Monitor aged receivables, contact customers regarding overdue balances, troubleshoot issues, escalate when needed, and drive resolution and payment.
- Build and maintain positive relationships with customers through effective verbal and written communication.
- Maintain detailed, up-to-date documentation of customer interactions and account activity.
- Investigate and resolve unapplied payments to maintain accurate customer account balances.
- Identify and analyze payment discrepancies such as short and overpayments, determine root causes, and compile supporting documentation.
- Process daily incoming payments via ACH, checks, lockbox, and credit cards, including authorization handling.
- Generate and send customer account statements reflecting outstanding invoices, as needed.
- Provide regular updates on collection status, including weekly and monthly reporting as required.
KBW789
