Accounts Receivable Analyst

An Accounts Receivable Analyst is an essential part of the finance team in any organization, tasked with the responsibility of managing incoming payments, tracking financial transactions, and maintaining financial records with precision. This role requires a keen eye for detail, strong analytical skills, and the ability to communicate effectively with clients and internal stakeholders. The ideal candidate will have a strong background in finance or accounting, be highly organized, and possess problem-solving skills to ensure that the accounts receivable processes are smooth and efficient. Working closely with clients and various departments, the Accounts Receivable Analyst ensures the timely collection of payments and accurate financial reporting, helping the organization maintain a healthy cash flow and financial stability.

Responsibilities

• Monitor accounts receivable balances to ensure timely collection of outstanding invoices.
• Prepare regular reports detailing the status of accounts receivable activities.
• Analyze customer credit data and approve or deny credit terms and agreements.
• Coordinate with finance and sales departments to resolve billing disputes promptly.
• Ensure compliance with company policies and regulations regarding accounts receivable.
• Conduct regular audits of accounts to identify and address discrepancies effectively.
• Provide recommendations for improving accounts receivable processes and procedures.
• Maintain an updated database of client contact details and communication logs.
• Support month-end and year-end financial closing processes by providing necessary data.
• Engage with clients to negotiate payment terms and collections arrangements.
• Track and manage customer payments and ensure proper allocation to respective invoices.
• Communicate effectively with internal team to handle account inquiries and issues.

Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• Minimum of 2 years of experience in accounts receivable or related financial role.
• Strong understanding of accounting principles and accounts receivable processes.
• Proficiency in accounting software and Microsoft Office Suite, especially Excel.
• Excellent communication skills, both verbal and written, for client interactions.
• Detail-oriented with the ability to manage and prioritize multiple tasks effectively.
• Problem-solving skills with a proactive approach to identifying and resolving issues.