Accounts Receivable Specialist

Description

Accounts Receivable Specialist

Pay starting from $60,000/year

Smythe LLP (Smythe) is looking for an experienced, team-orientated Accounts Receivable Specialist to join their Finance team. As an Accounts Receivable Specialist, you will be responsible for managing the firm's accounts receivable, collections processes and maintaining positive client relationships. You will be responsible for overseeing the collection and reconciliation of outstanding client balances while ensuring compliance with accounting standards and firm policies.

Our firm

Smythe LLP is a leading professional services firm with offices in Vancouver, North Vancouver, and Langley. Since 1980, Smythe has assisted clients in BC, Canada and across the border with their accounting, assurance, taxation, insolvency and advisory needs. Smythe’s clients include private, public, family-owned and non-profit organizations across a wide range of industries.

Smythe is also a member ofAllinial

Global, one of the largest international accounting networks.

The firm’s diverse team comprises over 200 individuals in both professional and support roles, all of whom work together toachieve our mission of building meaningful connections, providing expertise and delivering enduring value to our clients.

The opportunity

We have an exciting opportunity for a self-starter to join the Smythe team and you ll be responsible for maintaining the company s accounts receivable records, monitoring customer payment activity, and working to resolve any payment discrepancies or issues that may arise.

• Payment Processing and Allocation:
  Receive and process client payments through various channels, such as checks, wire transfers, and electronic payments. Allocate payments to the appropriate client accounts and ensure accurate recording in the firm's accounting systems.
• Administer collections:
  Administer and enforce credit and collections policies and procedures
• Accounts Receivable Reconciliation:
  Regularly reconcile accounts receivable balances to client records and the general ledger. Investigate and resolve any discrepancies or outstanding issues promptly.
• Collections and Follow-up:
  Communicate with clients regarding overdue payments, send monthly statements of accounts and reminders, and address any payment-related inquiries in a professional and courteous manner. Collaborate with engagement teams and partners to resolve payment disputes or outstanding issues and adjust collection approach based on business requirements
• Reporting and Analysis:
  Generate regular accounts receivable reports for management, highlighting outstanding balances, collection efforts, and aging analysis. Provide insights and recommendations to enhance the firm's cash flow and collection strategies.
• Compliance and Documentation:
  Ensure compliance with accounting principles, firm policies, and relevant regulations in all accounts receivable processes. Maintain accurate and well-organized records of all billing and collection activities.
• Process Improvement:
  Continuously evaluate accounts receivable processes and procedures to identify opportunities for improvement.
• Cross-functional Collaboration:
  
  Work closely with other finance team members to ensure a cohesive financial operation.
• Client Relationship Management:
  Foster positive relationships with clients by providing excellent customer service, addressing inquiries promptly, and resolving payment-related issues effectively.

What we’re looking for

To excel in this role, you will need:

• Previous experience in accounts receivable, collections, or finance roles preferably in a professional services environment
• Knowledge of accounting principles, and financial regulations
• Proficiency in using accounting software and enterprise resource planning (ERP) systems.
• Strong analytical skills and attention to detail for accurate recordkeeping and reconciliation.
• Excellent communication and interpersonal abilities for client interactions and team collaboration.
• Strong problem-solving skills to address complex payment and collection challenges.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Understanding of the professional services…