Account Receivable - Process Analyst - Arthur J. Gallagher & Co.
(2024-02)
We provide comprehensive Accounts Receivable and Accounts Payable services, handling invoicing, payment tracking, vendor invoice processing, and account reconciliations. We manage end-to-end financial operations, ensuring timely payments, optimizing cash flow, and maintaining accurate, compliant financial records for both clients.
- Identify overdue payments using NetSuite application and send reminders to clients based on aging buckets to avoid missed due dates.
- Log into bank portals daily to download reports of Lockbox deposits, Cheque, Credits Card payments, EFT and ACH payment.
- Upload all daily transactions into the NetSuite application, ensuring proper categorization of payment modes such as Lockbox, Cheque, ACH, Credit Card and EFT Payments, facilitating accurate tracking, reporting and reconciliation.
- Using the NetSuite report, create ledger accounts in the Microsoft Dynamic 365 application and post payments into respective accounts for effective financial management.
- Extract and analyze data from large transaction datasets provide by U.S. Clients using various excel formulas and methods.
- At month-end resolve any exceptions by confirming with client and release all ledger batches after validation and approval.
- Responsible for contacting clients to obtain accurate remittance details when unavailable, ensuring proper payment posting.
- Oversee the reconciliation process, including conducting audits and managing transactions amounts.
- Refund requests are processed according to client instructions after completing thorough verification of the transaction details.
- Responsible for processing unidentified credit amounts daily in Microsoft Dynamic 365 application, assigning appropriate general ledger and business unit codes.
- Provide Comprehensive training to juniors on analyzing and monitoring transaction amounts received from U.S clients and applying funds accordingly.
- Responsible for managing suspense account daily, creating adjustment headers in Microsoft Dynamic 365, and clearing amounts promptly upon receiving detailed information.
