Position : Senior Accounts Receivable (AR) Specialist
Location : East Hanover, NJ USA 07936 (Onsite)
Job Description:
The Senior AR Specialist will be a part of the AR Collections Team in US O2C and will be responsible for account analysis, resolution and reconciliations related to invoices, deductions, credits and over payments.
Job Description:
• Manage complex AR portfolios through collaboration with Customers, Customer Service, Sales/ Commercial team and other business areas for timely resolution.
• Request timely payment from assigned portfolio of accounts on invoices.
• • Manage all matters related to deduction, invoice and credit management including but not limited to invoicing, customer calls on past dues, escalations, refunds.
• Actively participate and prepare for meetings with internal stakeholders to ensure AR issues are reviewed and addressed.
• Coordinate meetings with external Customers to ensure AR issues are reviewed and addressed.
• Generate, review and track statuses in the Aging Report and Open Transactions reports to ensure all line items are addressed and closed within predefined timeframes.
• Support the critical month-end financial close process and provide timely responses to all Revenue and GL Department inquiries.
• Utilize advanced skills in Excel to accumulate, organize and report on AR trends, closing periods and customer summaries.
• Participate in Continuous Improvement activities to improve daily processes.
• Ensure relevant NFCM controls are met.
• Additional tasks as designated by the AR Manager
Minimum Requirements:
Education:
Bachelor/Associates degree in accounting, finance, other relevant field or equivalent experience
Experience:
• Knowledge of Accounts Receivable (exposure and expertise in collections, including deduction management.
• Excellent research, problem solving and time management skills.
• High level of accuracy, efficiency and accountability.
• Demonstrated sense of urgency based on business demands.
• Excellent customer service: written and verbal communication skills
• Ability to build effective relationships with business partners.
• Ability to work independently with minimal supervision.
• Ability to work in a team environment.
• Process Excellence and Continuous Improvement Mindset
• Lean Six Sigma preferred.
• SAP experience preferred.
• Credit risk experience a plus.
• Experience within the Pharmaceutical industry a plus.