We are seeking a highly skilled and detailoriented AR Specialist to join our finance team. The AR Specialist will be responsible for accurately and efficiently validating different types of allowances processing incoming payments reconciling accounts perform writeoffs and maintaining financial records. The ideal candidate should have 23 years of experience in Allowance validation & Cash application possess strong analytical skills and be proficient in using financial software and tools.
Responsibilities:
Validate Agreed allowances and perform writeoffs.
Collaborate with the compliance team to improve allowance validation processes and enhance efficiency.
Prepare regular reports and summaries of allowances and writeoffs providing insights and analysis as required.
Maintain accurate and uptodate records of all writeoffs and adjustments related to the allowances.
Stay updated on industry trends and best practices in allowances and implement changes to improve overall effectiveness.
Process various types of allowances including Monthly quarterly Yearly allowances.
Accurately apply payments to customer accounts ensuring proper allocation and timely posting.
Perform Monthly reconciliations of allowance validation ensuring all transactions are properly recorded.
Investigate and resolve discrepancies or issues related to Allowance percentage working closely with internal teams such as billing sales cash application and client.
Monitor and follow up on outstanding allowance chargebacks.
Maintain accurate and uptodate records of all allowance related documents.
Prepare regular reports and summaries of allowance validation and writeoffs activities providing insights and analysis as required.
Collaborate with the internal team to improve allowance validation processes and enhance efficiency.
Requirements:
Bachelors degree in accounting financeMathematics or a related field.
23 years of experience in Order to cash or accounts receivable.
Strong understanding of accounting principles and financial processes.
Proficiency in using financial software and tools such as ERP systems and Excel.
Excellent attention to detail and accuracy in processing and reconciling financial data.
Strong analytical and problemsolving skills.
Effective written and verbal communication skills.
Ability to work independently and meet deadlines.
Prior experience in a fastpaced highvolume environment is preferred.
Knowledge of different types of allowance validation is a plus.
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AR Specialist
