Accounts Receivable Analyst
- Recruiter
- Confidential
- Location
- Banbury
- Salary
- Competitive
- Posted
- 29 Sep 2020
- Closes
- 06 Oct 2020
- Sectors
- Accountancy
- Contract Type
- Permanent
- Hours
- Full Time
The finance function supports the company's strategy and business activities by partnering closely with business leaders and functional leaders to drive improved performance, yet facilitating transparency of financial performance across the organization.
The Finance function aims to ensure business decisions are grounded in sound financial analysis and endure processes that drive robust financial challenge and accountability. Moreover, the finance function provides analysis and insight for management to prioritize the allocation of resources to areas where value can be created, supporting strategic and commercial operations which add value.
The roles of Accounts Receivable Analysts report into the Accounts Receivable Manager as part of the Accounts Receivable team that sits in the wider Finance function. The role will be responsible for all credit control / AR activities, providing a cost effective and professional customer cash collection, cash allocation and credit control service to clients. Internally the Accounts Receivable Analyst will collaborate with the sales department and customer service team to provide an integrated customer service solution within the OTC process.
Key responsibilities of the role:
* Allocation of Cash - allocate cash received in a timely and accurate manner so that balances on the AR ledger are correct and up to date.
* Processing and distribution of customer promotional invoices to the Sales team, so that they can be coded correctly against relevant accruals in a timely manner.
* Chasing of debt - communicate with customers to ensure that payment of debt is received in accordance with the prescribed terms
* Running of Statements - run and send out customer statements on a monthly basis so that customers are aware of their debt balance. Sending of daily invoices.
* Query resolution
* Interpretation and analyses of information to determine problem/query
* Resolve or escalate queries in a timely manner to minimise delays in the collection of debt.
* Cash forecast - monthly collection target and explaining variances of actual collection to forecast
* Maintain fully compliance to internal control framework.
* Work in a timely and consistent manner
The Finance function aims to ensure business decisions are grounded in sound financial analysis and endure processes that drive robust financial challenge and accountability. Moreover, the finance function provides analysis and insight for management to prioritize the allocation of resources to areas where value can be created, supporting strategic and commercial operations which add value.
The roles of Accounts Receivable Analysts report into the Accounts Receivable Manager as part of the Accounts Receivable team that sits in the wider Finance function. The role will be responsible for all credit control / AR activities, providing a cost effective and professional customer cash collection, cash allocation and credit control service to clients. Internally the Accounts Receivable Analyst will collaborate with the sales department and customer service team to provide an integrated customer service solution within the OTC process.
Key responsibilities of the role:
* Allocation of Cash - allocate cash received in a timely and accurate manner so that balances on the AR ledger are correct and up to date.
* Processing and distribution of customer promotional invoices to the Sales team, so that they can be coded correctly against relevant accruals in a timely manner.
* Chasing of debt - communicate with customers to ensure that payment of debt is received in accordance with the prescribed terms
* Running of Statements - run and send out customer statements on a monthly basis so that customers are aware of their debt balance. Sending of daily invoices.
* Query resolution
* Interpretation and analyses of information to determine problem/query
* Resolve or escalate queries in a timely manner to minimise delays in the collection of debt.
* Cash forecast - monthly collection target and explaining variances of actual collection to forecast
* Maintain fully compliance to internal control framework.
* Work in a timely and consistent manner