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We are looking for a detail-oriented Accounts Receivable Clerk to join our team in Newark, New Jersey. In this role, you will be responsible for managing collections, analyzing customer deductions, and ensuring accurate billing and cash application processes. This position requires strong organizational skills and the ability to communicate effectively with both internal and external stakeholders.
Job Responsibility:
Oversee collection efforts to ensure timely payments from customers, minimizing bad debt and improving accounts receivable turnover
Investigate and address unauthorized deductions, including pricing shortages, returns, and penalties, by identifying root causes and proposing solutions
Collaborate with internal and external customers to resolve issues related to collections and deductions
Monitor and manage payback requests for deductions, aligning with monthly, quarterly, and annual goals
Utilize customer portals to enter and retrieve information on open invoices and deductions
Support reconciliation processes for unapplied payments and credits
Cross-train in billing, cash application, and accounts receivable write-offs to provide additional support as needed
Maintain thorough and accurate documentation in compliance with company policies and accounting standards
Assist with month-end and year-end close processes, as well as reporting requirements
Provide clear and timely communication and updates to multi-level management on urgent matters
Requirements:
Minimum of 3 years of experience in accounts receivable or a related field
Proficiency in accounts receivable functions, including collections, billing, and deductions
Strong communication skills with the ability to interact effectively with customers and team members
Familiarity with customer portals for managing invoices and deductions
Ability to work independently in a fast-paced, high-volume environment
Excellent troubleshooting skills to proactively address operational challenges
Detail-oriented with a commitment to maintaining accurate records and documentation
Solid understanding of accounts receivable controls and reporting standards