Collections Specialist

Collections Specialist

We are recruiting for an experienced collections specialist to help a wholesale company reduce its DSO. The role will be for approximately four months, with the ability to extend beyond. You will be working closely with the company's finance team, in addition to their clients to resolve payments. Responsibilities will include:

• Enter cash transactions, reconcile daily cash, and perform bank reconciliations.
• Record journal entries and perform routine accounting reconciliation
• Help with account analysis during month end close as necessary
• Ensure proper coding of invoices to the general ledger
• Process invoices and credit memos with appropriate supporting documents and send to customers
• Contact customers for upcoming invoices reminder
• Manage collections activities for assigned accounts, research, and resolve any billing issues and post customer payments
• Make daily collections calls on past due invoices and schedule appropriate follow ups as needed
• Send collection letters and customer statements weekly/monthly
• Reduce DSO on all accounts over 90 days
• Maintain customer account maintenance terms, customer contacts, and review credit limits
• Produce ad hoc reports as needed, and perform other tasks as necessary or assigned
• Performs the job while adhering to all company policies and procedures

Requirements:

• Years of collection experience
• Ability to work on-site five times per week in Bergen County NJ
• BS Accounting degree preferred
• Strong written and verbal communication skills with the ability to develop and maintain customer relationship
• Moderate spreadsheet skills (Word, Excel, PowerPoint)
• ERP systems experience required