Accounts Receivable
Applied Industrial Technologies
Accounts Receivable Analyst
The Accounts Receivable Analyst is responsible for supporting and contributing to the daily operations of the Cash Application and Collections department. Duties include ownership of cash flow through daily reconciliation of lockbox payments and daily collections activities in a high volume, goal-oriented team.
- Maintain our commitment to continuous improvement by improving the collection process along with the quality of service provided to our Customers
- Adopt new business processes that promote automation and reduce complexity
- Collaborate with Field and Central teams to determine root causes of issues leading to past-due invoices; implement action plans to eliminate these root causes
- Minimize exposure to bad debt
- Proactive review of outstanding balances
- Proactive identification of risk accounts
Job Duties
- Manages assigned customer accounts
- Reduces outstanding past-due balances to levels at or below targets for contractual accounts
- Investigates root causes for non-payment
- Compiles and implements recommendations towards improving Accounts Receivable (reduction of past-due balances, reduction of remittance issues leading to unapplied payments)
- Reporting results to department management and/or Shared Service customers
- Communicating goals and objectives to team members as directed by the Central Collections Manager
- Utilize tools (i.e. SAP, HighRadius) to support decision making, and proactively communicate with stakeholders regarding progress
- Analyze business processes and system performance, and identify improvement opportunities
Education and Experience
- Must have High School Diploma or Equivalent; Bachelor's Degree preferred
- Equivalent to specialized study or training in office techniques such as collections, customer service, and accounting.
- 3+ years Collections and Cash Application experience
Founded in 1923, Applied Industrial Technologies (NYSE: AIT) is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise.
Applied Industrial Technologies is built on a philosophy that puts people first. We are an equal opportunity employer, and we are committed to a workforce in which we enforce fair treatment and provide growth opportunities for everyone. All qualified applicants will receive consideration for employment regardless of age, race, color, national origin, genetics, religion, gender, marital status, physical or mental disability, or any other characteristic protected by applicable laws, regulations, and ordinances.
Vacancy posted 1 day ago
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