Accounts Receivable Specialist II

About the Job

The University of Minnesota seeks an Accounts Receivable Specialist II to support our Financial Operation Center department within the Controller’s Office. The Accounts Receivable Specialist II is responsible for performing moderately complex accounts receivableactivities and financial reporting transactions in support of aportfolio of Resource Responsibility Centers (RRC) in the Finance Operations Center. Additionally, the Accounts Receivable Specialist II collaborates with accounts receivable services and finance professionals within the Finance Operations Center to ensure appropriate and timely support.

To succeed as an Accounts Receivable Specialist II, you should be professional, a team player, and attentive while being detail-oriented. You must be comfortable with using technology such as Team Dynamix (TDx) and Google Suite and excel at both verbal and written communication.

Most importantly, an Accounting Receivable Specialist II should have a genuine desire to meet the needs of others across the institution. You will report to the Accounts Receivable Manager.

This hybrid position is based on the Twin Cities campus. For those located in the metro area, a minimum of three days per week in theoffice is expected. Internal and external applicants located nearother UMN system campuses and across the State of Minnesota mayalso be considered, and we encourage all interested candidates toapply. Occasional travel to the Twin Cities campus may be required for events and all-staff meetings.

Out of state candidates must bewilling to relocate to Minnesota at their own expense.

This position has a scheduled start date around November
11.

• Review and analyze all types of billing requests, foundationtransfers, and invoice adjustment requests sent to the Financial Operations Center prior to processing. This involves evaluating the request, and resolving conflicting or missing information using prior experience and the service center’s knowledge base to ensure accuracy of invoicing and financial reporting. Requests of allcomplexities are managed independently and efficiently withoutundue oversight, relying on informed judgement and a thorough understanding of University standard methodologies, best practices,and procedures.
  
  Processing includes independent review and research of transactions of varying complexity to ensure accurate and timely completion.
• Collaborate and communicate clearly and concisely with University staff, external customers, and colleagues as needed forclarification on billing requests, policy requirements, and best practices.
• Analyze customer and contact information in the Enterprise Financial System vs. the information contained in the servicerequest to determine if changes or updates are needed for existing customers or request new customer records to be created.
• Works with mass transaction entry, reviews submission for quality assurance, process uploads, monitors for problems, and resolves issues.
• Utilizes their expertise of the full order to cash business process to advise departments on the appropriate billing processes to use; proactively identifies transactions of a repetitive nature,processes without the need for a service request ensuring thatthese transactions are timely and accurately recorded in thesystem.
• Analyze billing requests for applicability of sales tax,customer’s tax exemption status;
  Consults with tax managementoffice on more complex scenarios, and prepares transactions for accurate sales tax calculation for all states.
• Uses the chart of accounts with expertise and understanding,ensures chart field string integrity on billing transactions toensure accurate financial reporting.
• Understands, explains, interprets, and applies universityaccounts receivable policy to various scenarios.
• Collaborates with Accounts Receivable Services in the Controller's Office to obtain further guidance on best practices and policy.
• Demonstrates a holistic understanding of billing requests ofall complexities, sets them for finalization, and submits creditand rebill transactions into approval workflow.
• Ensures appropriate approvals…