Lead AR Specialist

Lead AR Specialist Job Summary:

The Accounts Receivable (AR) Lead will play a key role in managing the company's billing processes and ensuring accurate and timely invoicing. This position is responsible for overseeing the setup of new customer accounts, managing the billing cycle, and ensuring compliance with accounting policies and regulations. The AR Lead will also be responsible for optimizing the billing processes and ensuring efficient operations within the AR team.

Perks of the role:

• Hybrid work schedule
• Career Development Opportunities
• Competitive Work Compensation
• Salary: $70,000

Key Responsibilities:

• Billing Management
• Oversee the entire billing cycle, including creating and sending invoices, managing billing schedules, and ensuring timely invoicing.
• Verify the accuracy of invoices by checking account information, customer data, and contracts.
• Resolve billing discrepancies and respond to customer inquiries regarding billing issues.
• Implement and monitor billing systems to improve accuracy and efficiency.
• Customer Setup
• Manage the setup of new customer accounts in the financial system.
• Ensure that all required documentation and information are collected and properly entered during customer onboarding.
• Collaborate with sales and customer service teams to ensure a smooth customer onboarding experience.
• Maintain customer records, including credit information and payment terms.
• AR Management
• Monitor accounts receivable aging reports to ensure timely collection of outstanding balances.
• Coordinate with the collections team to address overdue accounts and minimize bad debt.
• Ensure compliance with company credit policies and procedures.
• Assist in monthly, quarterly, and yearly closing processes as it relates to AR functions.
• Process Improvement
• Continuously assess and improve billing and AR processes to streamline operations.
• Implement automation tools and systems to enhance efficiency.
• Provide training and guidance to junior staff on billing and AR processes.
• Reporting
• Prepare regular reports on billing, collections, and AR performance for management.
• Analyze billing trends and provide insights to improve cash flow and customer satisfaction.