Job Overview:
Company relies on a meticulous financial accounting system to produce information that informs management and drives business decisions based on up-to-date and accurate financial reporting. Our accounts receivable staff keeps that system running smoothly by managing cash inflows, collecting payments on a timely basis resolving discrepancies quickly and adjusting customer records as necessary.
The company requires a skilled accounts receivable specialist to join our team to help process, track, and record payments in an accurate, efficient, and timely manner. In addition to these requirements, we expect the A/R specialist will become an expert at understanding all revenue streams and the unique requirements of each. This person will become the revenue cycle champion.
The ideal candidate will take ownership of the revenue cycle and be able to communicate effectively with stakeholders in a manner that clearly demonstrates an expert understanding of revenue drivers and compliance requirements surrounding the various revenue streams.
The accounts receivable specialist will have both a day-to-day and ongoing impact on financial transactions, keeping us on track, on time, and good terms with our valued partners.
Objectives of this role
· Support the company in optimizing our financial transactions and systems by performing reconciliation of payments and customer accounts
· Communicate discrepancies to the team and identify slow-paying customers and resolve collection issues
· Strengthen and grow relationships with customers by communicating with them regarding past-due accounts
· Assist in streamlining the accounts receivable process by identifying areas for performance improvement
· Exercise integrity and confidentiality in financial reporting, and comply with all financial requirements
Responsibilities
· Obtain from appropriate internal parties the source data used to create monthly invoices
· Gather and verify invoices for appropriate documentation prior to payment
Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared
· Ensure that the A/R aging and the general ledger are in agreement at all times and notify team members immediately to determine steps to resolution
· Perform daily cash management duties, including the recording of bank deposits, updating and distribution of cash receipt logs, and posting of cash to the accounts receivable sub-ledger
· Monitor and collect accounts receivable by contacting clients via telephone, email, and mail
· Prepare relevant reports related to A/R so that management can understand and respond to revenue trends.
· Support other accounting and finance team members as needed and produce ad hoc reports as needed by management
· Understand when and how to use debit and credit memos and how these effect the general ledger
· Perform a self-check of all work to include understanding how information input in the A/R subledger effects the general ledger and then verifying that transactions processed were recorded properly in the general ledger as well as customer accounts
Required skills and qualifications
· Strong mathematical skills
· Understanding of basic principles of finance, accounting, and bookkeeping
· Superb time management and detail orientation – self motivation is paramount in this position
· Ability to keep company and partner confidences
· Proficiency with Sage Intacct accounting software
Preferred skills and qualifications
· Associate’s degree or equivalent
· High-quality experience in accounts receivable with an understanding of how transactional processing effects the general ledger
· Demonstrated experience in driving process improvement
· Experience billing for service claims through the DC and VA Medicaid Waiver web portals. For DC, that portal is dc-medicaid.com. For VA, the portal is the Medicaid
Enterprise System, known as MES and accessible at, https://vamedicaid.dmas.virginia.gov
· Bookkeeping skills
· An understanding of how your work effects the general ledger
Job Type: Full-time
Pay: From $80,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
People with a criminal record are encouraged to apply
Ability to Relocate:
- Washington, DC: Relocate before starting work (Required)
Work Location: In person
