Title:  Trainee, Accounts Receivable

Overview

The Accounts Receivable trainee is responsible for supporting the A/R team with various assignments as needed, such as account reconciliation, cash collection, reporting, audits, new customer documentation and cash applications.

Responsibilities

Customer Account Reconciliation and Statements

• Prepare monthly customer account statement reconciliations: analyze and compare company receivables to customers’ trial balance or statement.
• Prepare, review, and provide monthly, quarterly, or ad-hoc customer statements.
• Provide invoice copies as needed.
• Research and request backup documentation for unknown deductions.
• Research unapplied payments on account and prepare check refund request documentation as needed.
• Assist in application of cash received through lockboxes, ACH/EFT, wires, and credit cards to customer accounts per supplied remittance advice. Research customer portals for remittance and backup information.
• Process remittances per instructions to determine proper application, including accurately identifying customer deduction categories and notifying management when questions arise.
• Reconcile deposits posted against daily bank statements provided.
• Assist when needed in obtaining documentation for auditor selections.

Qualifications

• Bachelor’s degree in accounting or similar field
• 0-1 year of experience in accounts receivable, collections or similar area.
• Good Excel skills (including formulas, VLOOKUPs and Pivot tables).
• Detailed oriented, organized, ability to handle multiple priorities.
• Strong verbal and written communication skills.
• Proficiency of basic accounting principles, including debits and credits, billing, and claims processing.