AR Specialist
- Hackensack, NJ, United States
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Job details
- Experience
- 3+ years of accounts receivable, billing, or collections experience.
- Posting language
- English
- Posted
Original job description
Our client, a well-established real estate investment and property management company, is seeking an Accounts Receivable Specialist to join its Accounting & Finance team. This individual will be responsible for managing the full accounts receivable cycle across a commercial real estate portfolio, including tenant billing, collections, cash applications, account reconciliations, and reporting.
Responsibilities
- Prepare and process monthly tenant rent billings, CAM reconciliations, tax escalations, and other lease-related charges in accordance with lease agreements.
- Generate invoices, apply daily cash receipts, ACH payments, wire transfers, and lockbox deposits, ensuring timely and accurate account activity.
- Monitor accounts receivable aging and proactively manage collections by contacting tenants regarding outstanding balances and following up on delinquent accounts.
- Prepare and distribute past due notices, payment reminders, payment agreements, and other collection correspondence.
- Reconcile tenant accounts, research unapplied cash, investigate billing discrepancies, and resolve payment issues in partnership with Property Management and Leasing teams.
- Coordinate payment arrangements, monitor compliance with payment plans, and escalate unresolved collection matters to management when appropriate.
- Prepare weekly and monthly accounts receivable aging reports, collection summaries, and other financial reporting for management.
- Perform account reconciliations, support month-end close activities, and maintain accurate tenant account records and supporting documentation.
- Partner with Accounting, Property Management, Leasing, and Finance teams to improve billing accuracy, streamline collections, and enhance accounts receivable processes.
Required
- Bachelor's degree in Accounting, Finance, Business Administration, or equivalent work experience.
- 3+ years of accounts receivable, billing, or collections experience.
- Experience managing high-volume billing and collections.
- Strong understanding of accounts receivable processes and general accounting principles.
- Excellent organizational, analytical, and problem-solving skills.
- Strong written and verbal communication skills.
- Advanced proficiency in Microsoft Excel, including Pivot Tables, VLOOKUP/XLOOKUP, and formulas.
More about this job
Skills
- Accounts receivable
- Account reconciliation
- Reporting
- Research
- Regulatory compliance
- Financial reporting
- Month-end close
- Documentation
- Problem solving
- Communication skills
- Microsoft Excel