Senior Accounts Receivable Job Description

Senior Accounts Receivable Job Description

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Senior accounts receivable provides expertise and oversight of billing modules to ensure the Central Billing office is accurately billing, collecting and posting cash/deposits in the most efficient manner.

Senior Accounts Receivable Duties & Responsibilities

To write an effective senior accounts receivable job description, begin by listing detailed duties, responsibilities and expectations. We have included senior accounts receivable job description templates that you can modify and use.

Sample responsibilities for this position include:

Monitors payer responses, and may utilize Microsoft Excel, Microsoft Access and other software as necessary to ensure prompt payment
Manages Channel Partner accounts by coordinating effectively with their procurement and AP teams, third party payment designees, end users any and all other internal and external resources available to obtain invoice approval and receive payment in a timely manner
Develops contacts within assigned customers to facilitate the achievement of client’s business objectives
Integral part of routinely scheduled Operations calls with Channel Ops and Partners
Identifies the payment approval process for each customer and leverages that to get paid in a timely manner
Maintains complete records on all accounts including, but not limited to, detailed documentation on collection efforts
Evaluates and recommends solutions for continuous improvement pertaining to level of AR responsibility
Ensure all cash postings are made on a timely basis and allocated correctly
Daily reconciliation of all Sales Ledger cash receipts
Supervise and mentor a small team

Senior Accounts Receivable Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Senior Accounts Receivable

List any licenses or certifications required by the position: SAP, CPA, CMA, CDFM, ACCA

Education for Senior Accounts Receivable

Typically a job would require a certain level of education.

Employers hiring for the senior accounts receivable job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Accounting, Finance, Education, Associates, Business, Graduate, Technical, Business/Administration, Economics, Communication

Skills for Senior Accounts Receivable

Desired skills for senior accounts receivable include:

Job related tools and applications
Use of formulas and formatting
A/R process
Hospital Billing Systems
Microsoft Office and Adobe software
Government and various Commercial payer policies and billing guidelines
PowerPoint
Access
Foreign exchange accounts

Desired experience for senior accounts receivable includes:

Strong teamwork and business partnering capabilities
Disburse all payments made to suppliers and staff expenses
Assists with cash application process, coding checks and data entry
Generates drafts from RIBS, transfers data to Workday
Review revenue recognition requests to ensure accuracy and policy requirements are met
Bachelor’s Degree from an accredited college or university with 24 semester credit hours in accounting or auditing is required

Senior Accounts Receivable Examples

1

Senior Accounts Receivable Job Description

Job Description Example
Our company is searching for experienced candidates for the position of senior accounts receivable. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior accounts receivable
  • Keep aging accounts at an acceptable level
  • Assist in negotiating/documenting Promissory Notes and
  • Direct collection contact with customers by phone regarding past due
  • Train clients on senior living billing issues
  • Manage workload to meet customer requirements
  • Work on multiple projects and prioritize work based on due dates
  • Actively participate within the senior living accounts receivable consulting team
  • Mentor associates and help support their continuing education needs
  • Identify ways to complete work more efficiently
  • Assess results against goals and work within the team to make corrections as necessary
Qualifications for senior accounts receivable
  • Solid strategic, analytic and financial skills
  • 1+ year clerical office work experience, required
  • Ability to input data into computerized billing system, required
  • Familiarity with advanced computer programs (MS Office, Excel 03)
  • Familiarity with SAP FI SD module
  • Minimum 5+ years business experience with at least one year in an analytical function (Ex
2

Senior Accounts Receivable Job Description

Job Description Example
Our company is searching for experienced candidates for the position of senior accounts receivable. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for senior accounts receivable
  • Interact with internal and external customers to resolve outstanding payment issues as they arise
  • Support Sale & Marketing and Dealer services departments in special program implementation such a 2 payment waiver program
  • Daily operations - A customers (Franchises and Department Stores)
  • Ensures the coordination of invoice activities for designated agencies, locations and assigned regional and national contracts, leading to the timely reimbursement of receivables using available resources including databases, internet, and telephone
  • Researches and resolves denials received daily which have not passed payer edits, which may lead to a final appeal of denied services
  • Determines and initiates action to resolve rejected invoices and prepares payer corrections and/or appeals using electronic and paper processes
  • Guides/instructs and supports agencies, branch locations, Regional Care Center(s), National Claims Center (NCC), network providers and regional and national payer personnel encompassing all aspects of insurance, government payers and private pay claims processing
  • Communicates with agencies, branch locations, RCC’s, NCC and National Account Liaisons to educate them concerning the importance of clean claims
  • Utilizes various resources to determine patient’s eligibility, benefits and health plan confirmation
  • Analyzes and clears payment variances
Qualifications for senior accounts receivable
  • A high level of accuracy and attention to detail and have a dedicated approach to work
  • Exceptional reconciliation and analysis skills
  • The ability to think proactively, and solve any anomalies
  • The ability to hit the ground running using initiative
  • A proven ability to work with foreign currency
  • A proven ability to work in a small team environment and autonomously with established procedures and practices
3

Senior Accounts Receivable Job Description

Job Description Example
Our company is looking for a senior accounts receivable. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior accounts receivable
  • Determines necessary materials to send to the patient, such as coordination of benefit letters, federally mandated OTH letters and Third Party Liability notifications
  • Contact agencies, branch locations and providers of service to retrieve appropriate medical documentation, billing information and/or PPS Oasis forms to substantiate services provided
  • Provide details/itemizations of services performed to our national payers and patients ensuring timely reimbursement
  • Review EOP/EOMB/EOB’s for accuracy of patient responsibility
  • Provides input on accounts receivable plans and process improvement, assisting in their implementation
  • Prepares ad hoc financial reports for up-line management to use in the evaluation of accounts receivable performance
  • Acts as an information resource for hard to collect accounts and as a “grey area” subject matter expert
  • Monitors team results to ensure they are aligned with departmental goals
  • Works with internal customers to initiate, test and implement new enhancements or platforms as necessary
  • Assures the completion and coordination of work in an associate’s absence, or as needed to maintain departmental standards
Qualifications for senior accounts receivable
  • Effective organisational skills and motivated to manage & meet deadlines
  • A desire to step into a supervisory role, with prior management experience is highly desirable
  • Previous experience in credit control and SAP is required
  • 3-5 years of experience in nursing home billing
  • Experience with American Data ECS software
  • Experience with Point Click Care software
4

Senior Accounts Receivable Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of senior accounts receivable. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for senior accounts receivable
  • Retrieving copies of invoices to send via fax or mail for account resolution
  • Maintaining data of client terms and conditions
  • Preparation and execution of the invoicing process, electronic invoice distribution
  • Allocation and journal entries for bank statements, handling of check payments and direct debit accounts
  • Conducting a manual and automatic dunning process
  • Month end closing responsibility incl
  • Accounts Receivable Management Reporting
  • Ensures timely and accurate submission of invoices in order to meet all contractual requirements
  • Designs/develops and maintains updates to user procedures, job aids and other supporting training documentation
  • Troubleshoots system issues and errors, quickly resolving them along with root causes
Qualifications for senior accounts receivable
  • Experience with Medicaid nursing home billing (will consider candidates without)
  • Ability to work independently, unsupervised
  • Ability to take direction and ask for help as appropriate
  • Ability to give direction and provide assistance to others
  • BA or BS degree in Accounting or a related field, three or more years billing or related experience preferred
  • Candidate must have an in-depth knowledge of government collections through various government online payment platforms to include but not limited to iRapt (Wide Area Work Flow/My Invoice), Pay.Gov
5

Senior Accounts Receivable Job Description

Job Description Example
Our company is looking for a senior accounts receivable. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior accounts receivable
  • Act as a strategic partner by initiating and leading cross-functional initiatives to increase recurring revenue
  • Participate in monthly AR meetings to report on the status of aging dispute cases and discuss recurring issues with particular dispute reasons and/or particular customers
  • Be a continuous improvement leader! Recommend and lead kaizen events where needed to implement process improvements
  • Train new hires in the business in coordination with their supervisors on SAP dispute management policies and processes
  • Provide timely review of Collection Lists, Aging Reports and Deduction Claim Reports to identify trends, and specific items to be addressed with customer related to past due invoices, and deduction claims
  • Develop, monitor and enhance all AR internal controls and processes in relation to the cash receipts, applications and collections functions
  • Well versed in credit and collections best practices
  • Drive and report on achievement of performance metrics for A/R Group to the Director, Global Compliance, including A/R administration and collections stats and trends
  • Supervise the effective investigation and resolution of issues interfering with the proper application of cash receipts, including inadequate (or missing) information on checks, incorrect set-up in the system
  • Ensure timely and accurate payment of all amounts/collections due
Qualifications for senior accounts receivable
  • Candidate must have an in-depth knowledge accounts receivable and related functions and strong knowledge of interpreting government contracts
  • Must be able to communicate and provide excellent customer service skills
  • Academic background in Business Administration or similar
  • Highly oriented to detail, planning and organizing skills
  • Years of experience with PeopleSoft Financials Module
  • Extensive experience with the Wide Area Workflow Business Suite and the Maryland Procurement Office with the intention of providing support to financial initiatives within the company

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