Accounts Receivable Specialist
*Location: Borehamwood
*Job Type: Full-time
*Salary: £33,000
We are seeking an Accounts Receivable Specialist to manage our end-to-end receivables process. This role is crucial for maintaining healthy cash flow and ensuring accurate financial reporting. The successful candidate will collaborate with the rate validation team and external customers to ensure timely and accurate billing and collections.
Day-to-day of the role:
* Invoicing & Billing:
*Generate and issue invoices in accordance with contractual terms.
*Ensure invoices are received by the customer via email, portal uploads, etc.
*Liaise with the rate validation team to validate billing data and ensure completeness.
*Maintain accurate records of all billing activities and adjustments.
*Maintain customer and service user references.

* Query Management:
*Act as the first point of contact for invoice-related queries from internal departments and external customers.
*Investigate discrepancies and provide timely resolutions to ensure customer satisfaction.
*Escalate unresolved issues to the Head of Transactional Services or relevant stakeholders.

* Credit Control:
*Monitor aged debt reports and proactively follow up on outstanding balances.
*Engage with customers to secure payment and negotiate repayment plans where necessary.
*Maintain detailed records of communications and payment commitments.

* Reporting & Reconciliation:
*Reconcile customer accounts and ensure accurate allocation of payments.
*Support month-end and year-end close processes by preparing debtor reports and reconciliations.
*Provide regular updates to the Head of Transactional Services on debtor status and risk exposure.

* Compliance & Process Improvement:
*Ensure compliance with internal financial controls and external regulatory requirements.
*Contribute to the development and refinement of AR processes and policies.
*Support internal and external audits by providing documentation and explanations as required.

Required Skills & Qualifications:
*Proven experience in Accounts Receivable or a similar role.
*Strong understanding of billing and financial reporting.
*Excellent communication and negotiation skills.
*Ability to manage multiple tasks and prioritize effectively.
*Proficiency in financial software and MS Office.
*Attention to detail and commitment to accuracy.
Benefits:
*Competitive salary and benefits package.
*Opportunities for professional growth and development.
*Supportive and collaborative work environment.
If you have the required skills and experience for this role and would like to be considered, then please apply today.