Accounts Receivable Clerk

Job Description

Job Description

We are seeking a detail-oriented and proactive Accounts Receivable Clerk to join our team in Columbia, Maryland. In this role, you will be responsible for cash and credit posting, account reconciliation, and collections, ensuring accurate financial records and efficient payment processing. The ideal candidate will have strong analytical and problem-solving skills, excellent communication abilities, and a commitment to maintaining precise and timely financial data.

Key Responsibilities :

• Accurately post manual and electronic cash receipts, credits, and account adjustments to customer accounts.
• Monitor daily payments to ensure they are correctly applied in accordance with customer remittance details.
• Maintain an organized daily deposit tracker to monitor incoming cash receipts and reconcile with bank deposits.
• Identify and resolve discrepancies in cash receipt postings, escalating complex issues to leadership as needed.
• Retrieve and review daily lockbox reports and images from the bank to ensure accuracy in financial records.
• Reconcile daily cash receipts with bank records and promptly address any variances.
• Communicate with customers to resolve payment disputes, clear outstanding receivables, and ensure compliance with credit control policies.
• Monitor account balances to assess risk and determine appropriate actions, including credit holds or escalations.
• Post account adjustments within approved thresholds and ensure all financial transactions are completed prior to monthly close.
• Prioritize accounts for collections based on overdue amounts and aging, utilizing effective communication strategies to address payment issues.
• Minimum of 1 year of experience in accounts receivable, cash applications, or a related financial field.
• Strong understanding of accounts receivable processes, including collections and cash application procedures.
• Proven ability to reconcile financial data and resolve discrepancies accurately and efficiently.
• Excellent organizational and time management skills, with the ability to manage multiple priorities in a fast-paced environment.
• Strong verbal and written communication skills for interacting effectively with customers and internal stakeholders.
• Demonstrated ability to identify and resolve complex financial issues with minimal supervision.
• Proficiency in financial systems and tools used to manage accounts, post payments, and generate reports.
• Exceptional attention to detail and accuracy in financial data processing and documentation.