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Lantheus

Accounts Receivable Analyst

Lantheus, Bedford, Massachusetts, us, 01730

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Lantheus is headquartered in Bedford, Massachusetts with offices in Canada, and Sweden. For more than 60 years, Lantheus has been instrumental in pioneering the field of medical imaging and has helped physicians enhance patient care with its broad product portfolio.

Lantheus is an entrepreneurial, agile, growing organization that provides innovative diagnostics, targeted therapeutics, and artificial intelligence (AI) solutions that empower clinicians to find, fight and follow disease. At Lantheus our purpose and values guide our behaviors in all interactions and play a vital role in creating a dynamic environment that contributes to our success. Every employee is crucial to our success; we respect one another and act as one knowing that someone's health is in our hands. We believe in helping people be their best and are seeking to bring together a diverse group of individuals with different viewpoints and skill sets to be a part of a productive and inclusive team.

This position is site-based and requires a presence on-site three days per week.

Essential Functions The

Accounts Receivable Analyst

is responsible for completion of timely and accurate application of customer payments received through bank lockbox, ACH, Wire, Credit Card, or other methods to customer invoices, performing payment transfers between companies, balancing entries, and weekly/monthly reporting to accounting. Identifying cash received for appropriate application to customer account or GL account. The Accounts Receivable Analyst will ensure that cash is processed timely and accurately. The Accounts Receivable Analyst will be responsible for the collection of outstanding receivables for an assigned portfolio of accounts, research and resolution of outstanding invoices, maintaining updated communication documentation for interactions with customers in the SAP system.

Primary Responsibilities

Processing payments: proficiently manage all aspects of the cash application process, including posting ACH, wires, credit card, and lockbox payments, while following established procedures in accordance with Lantheus policies

Transferring payments/credits across accounts and companies

Addressing internal requests for correction/reclass entries in relation to cash applications

Reconciling accounts: Reconciling accounts and customers balances

Maintaining records: Maintaining records of transactions and credit memos

Addressing Discrepancies: Perform various types of client account adjustments, such as credit transfers, application of unapplied funds, write-offs, and refunds.

Generating reports: Creating reports to track and ensure the posting of the receipts is complete at the end of each fiscal period.

Collaborating with others: Interactions with customers to resolve payment-related issues and internally with cross‑functional teams

Working closely with Collection Team for all cash application exceptions and queries

Analytical and investigative approach in the resolution of unidentified funds.

Researching and resolving disputed invoices, overpayments, underpayments with customers and internal work team

Providing documents for internal/external audits as necessary

Verifying and reconciling daily bank transmission from the bank lockboxes to relevant electronic systems based on actual deposits.

Clearing suspense accounts daily during applications. Offset credit/debit invoices on customer accounts.

Participating in support projects and other activities aimed at continuous improvement as assigned

Offering recommendations to management to enhance posting processes

Maintaining current understanding of all related internal systems and processes, and external regulatory requirements. Act in accordance with all corporate policies and practices, and ensure work is in compliance with all internal policies and external regulatory

Prepare accounts receivable reconciliation to the general ledger on a monthly basis.

Prepare the accounts receivable bad debt analysis on a monthly basis in line with the corporate policies, and recommend any adjustments needed to the reserve to management.

Actively demonstrating the Lantheus values of accountability, quality, efficiency, customer service, collaboration, and safety.

Collection of outstanding receivables for an assigned portfolio of accounts

Research and resolve disputed invoices, overpayments, underpayment with customers and internal work team members

Maintain updated communication documentation for customers in the SAP system

Manage and build upon customer relationships aimed at achieving mutually beneficial outcomes (ie collections, customer satisfaction)

Minimum Skills And Experience/Education

Strong attention to detail, with analytical, critical thinking and follow up

Precise communication, interpersonal, problem-solving, and organizational skills.

Minimum of a BA or BS and 3 years relevant experience in a Cash application role

Proficient knowledge of accounting functions and computer applications

Experience with SAP, and using invoice scanning technology

Core Values

Let people be their best

Respect one another and act as one

Learn, adapt, and win

Know someone's health is in our hands

Own the solution and make it happen

Lantheus is an equal opportunity employer that provides a workplace free from discrimination. All qualified applicants and employees are considered without regard to race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any other characteristic protected by law.

Any applicant requiring an accommodation in connection with the hiring process and/or to perform the essential functions of the position for which the applicant has applied should make a request to the Lantheus Talent Acquisition team at talentacquisition@lantheus.com.

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