Accounts Receivable Specialist

Bystronic; Hoffman Estates (IL); On-site; USD 55,000 - 60,000; Full time

Job summary

Bystronic in Illinois is seeking a full-time, exempt Accounting/Collections professional to manage collections, cash applications, and related accounting tasks. The role balances 50% collections, 25% cash applications, and 25% miscellaneous duties, with emphasis on timely payments and accurate posting to the ERP system.

Responsibilities include calling customers, analyzing payment patterns, resolving disputes, and posting bank transactions.

Qualifications

• Bachelor’s degree or 5–10 years of collections experience.
• Experience in a manufacturing environment preferred.
• Knowledge of SAP is highly desirable.
• Experience with ERP and general ledger processes.

Responsibilities

• Make timely collection calls on past due invoices as per guidelines.
• Evaluate payment trends using aging reports.
• Monitor and analyze customer payment patterns and deductions.
• Resolve customer disputes to secure payment within terms.
• Prepare emails and business correspondences on collections issues.
• Review AR detail for credit limit breaches.
• Analyze billing/payments to reconcile internal accounts.
• Retrieve and post bank transactions to ERP.
• Coordinate with financing company on invoicing and settlement.
• Maintain settlement reports by reconciling credit files daily.

Skills

Detail-oriented

Independent worker

Excel skills

Self-motivated

Education

Bachelor's degree

Tools

SAP

Job description

• Base Pay $55,000.00 - $60,000.00 / Year
• Job Category Accounting, Collections
• Employee Type Full Time Exempt

BASIC FUNCTION

This position is responsible for collections/cash applications and other miscellaneous accounting related responsibilities. Anticipated time allocation: 50% collections; 25% cash applications; 25% miscellaneous

SPECIFIC RESPONSIBILITIES

• Initiates timely collection calls to customers regarding payment of past due invoices as outlined within company guidelines
• Evaluates payment trends and past due issues on customer accounts by utilizing credit evaluation software and company aging reports.
• Monitors and analyzes customer payment patterns and deductions to identify and address payment irregularities
• Addresses and resolves customer concerns/disputes to secure payment within terms.
• Composes appropriate email and business correspondence to address collection issues.
• Reviews AR detail to identify and address credit limit breaches.
• Analyzes billing and payment histories to reconcile internal accounting issues, and takes appropriate steps to resolve.
• Researches credit balances on invoices and issues credit memos as necessary.
• Identifies and prepares invoice corrections, adjustments, and ad debit write offs as appropriate
• Works closely with department to identify and address high risk credit situations.
• Responsible for retrieving bank transactions and accurately posting to ERP.
• Serves as a liaison obtaining invoice and coordination of activities with financing company.
• Analyzes and maintains settlement reports by daily reconciling credit reports and files accordingly.

Requirements

QUALIFICATIONS

KNOWLEDGE: Equivalent Bachelor’s Degree or minimum of five to ten years comparable experience within collections function within sales, manufacturing environment or a combination of education and experience equivalent of the required knowledge, skills and abilities.

EXPERIENCE: Previous experience in a collections department

SAP highly desirable

Special Skills

• Proven detail orientation
• Highly disciplined individual; capable of working independent
• MS Office with strong Excel skills
• Self-motivated individual