Accounts Receivable Specialist Jobs in Chicago, IL

Accounts Receivable Specialist

Reporting to the AR Manager, the AR Specialist role will be focused on Collections, Credit management, Billing and cash applications.

As an Accounts Receivable Specialist you will:

• Perform Credit Reviews to establish payment terms for new and existing customers. Analyzing credit reports, historical payment history as well as any public information available.
• Set up new and maintain existing customers in Customer Master. Ensure all AR records are accurate, up to date and compliant with company policies and procedures.
• Daily AR monitoring and overdue customer accounts. Maintain communication with customers to address payment discrepancies or resolve billing disputes.
• Highlight significant credit risk and collection issues to direct manager
• Prepare and analyze AR reports, aging analysis, unapplied cash, short pay and other reports related to collections. Provide insights and recommendations to management for improving AR processes and reducing delinquencies
• Work closely with internal teams including sales, customer service to discuss billing related issues and improve processes
• Continue reconciliation of customer and G/L accounts
• Create and submit daily invoices in timely manner through current ERP system and maintain special invoicing requirements by client.
• Create Miscellaneous Invoices for Intercompany entities, when requested.
• Assist direct manager with month end closing and annual audit
• Support other finance functions as needed

We are looking for someone who:

• Holds a High School Diploma, Associate degree
• Has 3 + Years of accounts receivable and cash application experience
• Possesses knowledge of standard accounts receivable billing and collection practices
• Has experience with Dun & Bradstreet or Creditsafe.
• Has strong communication (oral and written) and interpersonal skills
• Has an attention to detail and high level of accuracy
• Possesses excellent problem-solving skills with the ability to analyze and resolve complex issues.
• Has proficiency in account reconciliation processes and techniques.
• Has the ability to Work efficiently and productively in multitask environment independently with minimal supervision
• Is a team player with Initiative and ability to own projects from start to finish
• Is proficient in the Microsoft Office Suite

Ideally you will also have:

• Experience with JD Edwards, SalesForce, Highradius or other major ERP Systems/Software
• An understanding in Financial Statements, Letters of Credit, Lien Wavers
• An ability to adapt to fast pace & changing environment
• Problem Solver
• Self-Starter & Team player - helps the organization reach our common goals
• High internal and external customer service skills

The Physical Demands / Working Conditions are:

• General Office Environment, PC use
• Light Lifting (occasional 25 lbs or less)
• Stooping
• Standing

What we offer you

Typical pay is $57,400 - 71,750 annually.

Please note the pay information shown above is a general guideline. Pay is based upon candidate skills, experience, and qualifications.

This position is eligible for participation in our QuarterlyIncentive Pay Program

G&W Electric offers a comprehensive benefits package that includes:

• Medical, Dental and Vision Insurance
• Short and Long-Term Disability
• Life Insurance
• Health club membership program and reimbursement
• Employee Assistance Program
• Tuition Reimbursement
• 401 (k)
• Annual Profit Sharing
• Vacation
• Air-conditioned/heated state-of-the-art manufacturing facility

About G&W Electric

Innovating since 1905, G&W Electric has grown into a global leader in engineered electrical power grid solutions. Working with us means joining a worldwide team of passionate manufacturing professionals striving to continually improve the technologies the world depends on to deliver safe, reliable electricity. Our culture is focused on employee success, so we foster an entrepreneurial environment that encourages everyone to thrive.

Learn more about our company by watching this video: https://www.youtube.com/watch?v=DMtAhsdYeUQ

G&W Electric enjoys a long reputation for product quality, innovation and world-class customer service to the power industry. We have established this reputation by believing that our greatest asset is our employees. We owe our success to the initiative and talents of highly skilled individuals within our team-based organization. Our goal is to set the standard for customer satisfaction by ensuring a superior level of service, performance and innovation. As a global organization and industry leader, we are committed to cultivating an engaging work environment that embraces our core values and develops our talent. Our continuous focus on growth and innovation means that you become part of a company that provides challenging opportunities, rewards excellence and combines your individual expertise to achieve a higher level of shared success. As part of our organization, you also help power the world!

G&W Electric is proud to be an Equal Opportunity Employer. All employees and applicants will receive consideration for employment without regard to age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law. G&W Electric participates in the E-Verify process for all new hires.

*G&W Electric participates in the E-Verify process for all new hires.

VEVRAA Federal Contractor