Acc. receivable Accountant

- Perform the day to day processing of financial transactions to ensure that Industrial's finances are maintained in an effective, up to date and accurate manner.
- Receive and verify invoices and requisitions for goods and services.
- Collaborate with the Assistant Controller and Controller to maintain collection goals and general A/R performance levels.
- Communicate with internal/external sales representatives and accounting/tax professionals as necessary to complete job duties.
- Complete credit analysis and review of new clients. Determine credit limits and annual review of major client accounts.
- Receive and fill out receipts for third party payments, whether by cash, cheque, credit, and other forms of payment.
- Post and reconcile customer payments to general ledgers.
- Post A/R data to profit/loss reports, balance sheets, income statements, and other documentation.
- Review all credit balances, refunds, and adjustments, and apply adjustments and/or corrections to corporate billing records.
- Balance daily A/R batches; prepare and distribute income reports and statistics to key personnel.
- Ensure the strict confidentiality and privacy of financial records as they relate to the organization and its customers.
- Where applicable, evaluate and process insurance denials and/or late insurance claims.
- Form collection strategies to mitigate customer objections to making timely A/R payments.
- Investigate collection problems and advise customers on corporate A/R policies and procedures.
- Make arrangements for payment of outstanding and late accounts; prepare documentation for executive.
- Investigate and resolve billing discrepancies or misapplied cash transactions.
- Maintain updated vendor files and file numbers, as well filing system for all financial documents.
- Issue PO's when applicable and approved by management.
- Ensure the confidentiality and security of all financial and employee files.
- Provide backup support to the receptionist for answering of phone calls.
- Assists in other duties as needed and directed.