Illinois Staffing
Accounts Receivable Specialist
We are looking for an experienced Accounts Receivable Specialist to join our team on a long-term contract basis in Chicago, Illinois. This role is ideal for someone with a keen eye for detail and a strong background in managing receivables, cash applications, and commercial collections. You will play a pivotal role in ensuring accurate billing and efficient cash activity processes.
Responsibilities:
- Manage all aspects of accounts receivable, including invoicing, payment processing, and account reconciliation.
- Oversee cash application processes to ensure timely and accurate allocation of payments.
- Handle commercial collections by maintaining communication with clients to resolve payment issues and reduce outstanding balances.
- Prepare and review billing statements to ensure accuracy and compliance with company policies.
- Monitor cash activity to identify discrepancies and implement corrective measures.
- Collaborate with internal teams to streamline receivables workflows and enhance efficiency.
- Generate detailed reports on receivables performance and provide insights to management.
- Maintain records and documentation in accordance with regulatory requirements and company standards.
- Support audit processes by providing necessary documentation and account details.
- Identify opportunities for process improvements and implement solutions to optimize receivables operations.
Requirements:
- Minimum of 3 years of experience in accounts receivable or a related field.
- Proficiency in managing cash applications and commercial collections.
- Strong understanding of billing functions and cash activity processes.
- Excellent organizational skills with keen attention to detail.
- Effective communication and interpersonal skills for client interactions.
- Familiarity with accounting software and tools.
- Ability to analyze financial data and generate actionable insights.
- Knowledge of relevant regulations and compliance standards.