Senior Process Associate AR Job Description Template
The Senior Process Associate AR will oversee the accounts receivable lifecycle, ensuring timely invoicing, payment collection, and resolution of discrepancies. This role will collaborate closely with various departments to enhance financial efficiency and mitigate risks associated with receivables management.
Responsibilities
- Manage and monitor accounts receivable processes and ensure timely invoicing.
- Follow up on overdue accounts and initiate collection efforts.
- Perform reconciliations of accounts and resolve discrepancies.
- Prepare and analyze AR aging reports to facilitate decision-making.
- Collaborate with internal teams to streamline invoicing and payment processes.
- Ensure compliance with company policies and regulatory requirements.
- Assist in month-end closing activities related to accounts receivable.
Qualifications
- Bachelor's degree in Finance, Accounting, or related field.
- At least 3-5 years of experience in accounts receivable or a similar finance role.
- Strong understanding of accounting principles and AR processes.
- Proven experience with financial software and ERP systems.
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills.
- Detail-oriented with a high level of accuracy.
Skills
- Accounts Receivable Management
- Financial Analysis
- ERP Systems
- Reconciliation
- Microsoft Excel
- Analytical Skills
- Communication Skills
- Detail-Oriented
Frequently Asked Questions
A Senior Process Associate AR is responsible for managing the accounts receivable processes within an organization. They monitor client accounts, ensure timely billing and collection of payments, and generate financial reports. Their role often involves liaising with other departments to resolve discrepancies, analyzing trends to optimize cash flow, and ensuring compliance with company policies and accounting principles.
To become a Senior Process Associate AR, individuals typically need a bachelor’s degree in finance, accounting, or a related field. Gaining several years of experience in accounts receivable or a similar finance role is crucial. Expertise in financial software, attention to detail, and strong organizational skills are essential. Certifications like CPA or CMA may enhance career prospects.
The average salary for a Senior Process Associate AR varies based on location, experience, and company size. Typically, it falls within the higher range of compensation bands for accounts receivable roles due to the seniority and responsibility associated with the position. Candidates can expect a competitive pay package, especially as they bring more experience and expertise to the role.
A Senior Process Associate AR usually requires a bachelor’s degree in accounting, finance, or business administration. Proficiency in accounting software, like QuickBooks or SAP, is often essential. Additional qualifications may include certifications such as Certified Public Accountant (CPA) or Certified Management Accountant (CMA) which can provide an edge in the job market.
Key skills required for a Senior Process Associate AR include strong analytical abilities, attention to detail, and excellent communication skills. Responsibilities encompass managing billing, tracking accounts, ensuring accurate ledger entries, resolving payment discrepancies, and collaborating with finance teams to ensure efficient accounts receivable operations. Proficiency in finance software is crucial for success in this role.