The AR Associate is responsible for managing Colony's end-to-end cash application & allocation process in addition to other AR responsibilities.
Requirements
- Ensure accurate and timely cash application and allocation.
- Reconcile payment discrepancies daily and coordinate with the Collection team for resolution.
- Investigate unidentified receipts and collaborate with Collections, or Sr AR Manager for resolution.
- Communicate and verify credit/debit memos, unauthorized deductions, and adjustments on customer accounts.
- Perform clearing and posting of transactions as needed.
- Prepare and post manual journal entries.
- Conduct monthly Cash GL account reconciliations.
- Drive continuous process improvements within the cash application function.
- Maintain confidential records for audit compliance.
- Respond to inquiries related to account reconciliations and payment applications.
- Engage with multiple team members across regions.
Benefits
- Yearly discretionary bonus based upon performance
- Medical, Dental, Vision, STD/LTD, Life Insurance
- 401k with a company match
- HSA/FSA
- Competitive PTO and paid holidays
- Company-provided PPE as required
- Industry-leading training and development
- Generous discounts on the best products from leading industry vendors