Supplier Accounts Receivable Specialist - Finance

Location

Massachusetts

Posted

93 days ago

Salary

0

Seniority

Senior

Job Description

Supplier Accounts Receivable Specialist - Finance

Martignetti Companies

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Role Description The A/R Specialist ensures accurate revenue recognition by managing the full cycle of payment application and cash reconciliation, including physical cash logistics and undeposited funds. What impact you'll make: - Cash Application & Management - Apply daily customer payments (ACH and check) to outstanding invoices within Business Central. - Manage the Undeposited Funds account, ensuring all received payments are matched to actual bank deposits. - Reconcile armored truck fund transfers, verifying pickup manifests against bank credits and investigating variances. - Reconciliations & Analysis - Perform daily and monthly bank reconciliations to ensure ledger accuracy. - Identify and resolve payment discrepancies, short-pays, and unapplied cash. - Monitor the aging report and provide updates on collection status. - Compliance & Reporting - Maintain the chain of custody documentation for all physical cash transfers. - Prepare schedules and documentation for month-end close and annual audits. Qualifications - 2+ years in Accounts Receivable or Cash Management. - Proficiency in ERP systems (e.g., NetSuite, SAP, Oracle). - High mathematical accuracy, strong investigative skills, and an understanding of internal controls. Requirements - Zero Unexplained Variances: Successful reconciliation of armored truck transfers and bank deposits. - DSO Optimization: Timely posting of payments to maintain accurate customer balances. - Clean Ledger: Minimum balance in the Undeposited Funds and Unapplied Cash accounts. Benefits - Competitive pay and benefits. - Paid time off and employee discounts. - Commitment to education, sustainability, and giving back to the communities we serve.

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• Analyze collections • Resolve non-payables • Handle bill inquiries for more complex issues • Follow up on claim rejections and denials to ensure appropriate reimbursement • Process assigned AR work lists provided by the manager • Write appeals using established guidelines • Research patient accounts • Communicate with insurance companies about the status of outstanding claims • Meet established production and quality standards set by Ventra Health • Perform special projects as assigned

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