Accounts Receivable Specialist

Role Summary

As the Accounts Receivable Financial Specialist, you will be responsible for managing and overseeing accounts receivable activities to ensure the accurate and timely billing and collection of client payments. This role involves monitoring client accounts, reconciling receivable balances, resolving billing discrepancies, and supporting month-end close activities. 

You will work closely with Commercial Finance, FP&A, Sales teams, and business leaders to improve cash collection performance, mitigate credit risk, and ensure compliance with company policies and accounting standards. Strong analytical skills, attention to detail, and proficiency in financial systems are essential for success in this role.

Key Responsibilities

Accounts Receivable Management: Manage the end-to-end accounts receivable process, ensuring timely and accurate invoicing, cash application, and collection of outstanding client balances.
Customer Account Reconciliations: Perform regular reconciliations of client accounts, investigate discrepancies, and resolve outstanding issues in a timely manner.
Cash Allocation and Collections: Monitor incoming payments, accurately allocate receipts, and proactively follow up on overdue accounts to minimize aged debt and improve cash flow.
Month-End Activities: Support month-end close by preparing AR-related journal entries, reconciling AR control accounts, and ensuring timely subledger close in accordance with the month-end calendar.
Credit Control: Monitor client credit limits and payment terms, escalate credit risks where appropriate, and support the review of client creditworthiness.
Controls and Compliance: Ensure adherence to company policies, financial controls, and procedures relating to accounts receivable and cash management activities.
Audit Support: Provide supporting documentation and explanations for internal and external audits relating to accounts receivable balances, transactions, and controls.
Reporting and Analysis: Prepare aged debt reports, collection performance metrics, and provide insights into debtor trends, cash collections, and potential credit risks.
Process Improvement: Identify opportunities to enhance AR processes, systems, and reporting to improve efficiency, accuracy, and client experience.
Stakeholder Collaboration: Partner with Sales, Customer Service, Finance, and other business functions to resolve billing queries, improve collection outcomes, and support client account management.
Intercompany Receivables: Maintain intercompany receivable balances, ensuring timely reconciliation, settlement, and resolution of outstanding items.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field;
• Minimum of 3+ years of progressive Accounts Receivable experience;
• Knowledge of GAAP, IFRS, and tax regulations;
• Strong excel skills;
Nice to have:
• ACCA, CIMA, or other relevant accounting certifications;
• Familiarity with ERP systems is a plus.