Cash Collections Specialist (Accounts Receivable)

PowerToFly; Waltham (MA); On-site; USD 33,062 - 46,838; Full time

Benefits offered by this job

Medical, dental, and vision coverage

Tuition reimbursement

401K match

Flexible time-off policy

Paid holidays

Job summary

A technology company is seeking a Cash Collections Specialist in Waltham, MA, to manage cash collections and reconciliations for a diverse portfolio. The ideal candidate should have experience in cash collections, preferably in the software industry, and a background in general accounting. Proficiency with collection tools like Sidetrade and strong customer service abilities are essential. This onsite role involves handling high-volume transactions and ensuring timely collections while fostering customer relationships. Benefits include comprehensive medical coverage and a flexible time-off policy.

Qualifications

• 2+ years of experience in Cash Collections with an international portfolio preferred.
• Experience in the software industry is preferred.
• Strong command of collection tools, particularly Sidetrade.

Responsibilities

• Ensure collection of outstanding receivables for key accounts.
• Facilitate sustainable growth and develop strong customer relationships.
• Review customers’ accounts receivable balances to address non-payment.

Skills

Cash Collections

Customer Service

MS Office (Excel)

General Accounting Principles

Collection Tools

Education

Bachelor's Degree

Tools

Sidetrade

ERP/CRM Systems

Job description

Cash Collections Specialist (Accounts Receivable)

DASSAULT SYSTEMES, the 3DEXPERIENCE Company, provides businesses and people with virtual universes to imagine sustainable innovations. Serving over 250,000 clients in 11 industries, from high-tech to life sciences, fashion to transportation, we help businesses and people around the world to create sustainable innovations for today and tomorrow

Our team has an immediate opening for a Cash Collections Specialist (Accounts Receivable) in our Waltham, MA office (onsite role). This role is responsible for activities related to Cash Collections as well as some account reconciliations, credit card payments, refund requests, and online sales. To monitor and coordinate the interface and all Accounts Receivable / Cash Collections activities in coordination with our Cash Applications team located in India

• Ensure the collection of outstanding receivables for a high-volume portfolio of key accounts and partners, while maintaining a high standard of client relationship and adherence to payment terms.
• Facilitate sustainable growth, develop strong customer relationships, and protect the company’s margins and profits to maximize the value of the company’s accounts receivable.
• Minimize exposure to bad debt and maintain an acceptable level of risk by working with the Credit Management team to review credit worthiness of new and existing customers, and ensuring timely collections while maintaining customer goodwill.
• Lead with a customer centric approach with strong professionalism to not only rectify Cash Collection needs, but also to ensure customer retention
• Manage all collection activities for a portfolios of customers & VAR(Partner) accounts
• Work with varying levels of personnel within internal and customer organizations to resolve any collection issues in a timely and professional manner
• Review customers’ accounts receivable balances researching possible reasons or issues resulting in non-payment, including on-going credit analysis
• Reconcile accounts on a regular (ongoing, monthly) basis and maintain clean aging balances
• Monitor the accounts receivable aging for accuracy and completeness to optimize days sales outstanding and reduce Total Overdue %’s.
• Provide information to Collections/AR Manager & Credit Managers on customers/accounts
• Put to use the collection tool in following collection strategies, actions to be done in the work queue, input all relevant information on customer account, work within customer portals, etc.
• Identify order/billing issues with customers and submit claims or work with Sales/Order Management team for corrections.
• Provide monthly Cash Forecasts on a weekly basis for senior management and manage tasks/responsibilities for month end close/quarter end close reporting.

Qualifications

• Bachelors’ Degree, preferred but not required
• 2+ years of experience in Cash Collections with an international portfolio preferred
• Experience working with a team that is located across the country and internationally
• Experience within the software industry is preferred
• Strong command of collection tools, particularly Sidetrade. Proficiency in MS Office especially Excel, prior ERP/CRM usage and exposure to customer portals.
• Possess an understanding of general accounting principles. Ability to reconcile accounts debits/credits.
• Exceptional written and verbal communication with internal/external customers as well as senior-level stakeholders
• Be able to work independently, adhering to federal, state, and local laws regarding debt collection practices Fair Debt Collection Practices Act, (FDCPA).
• Demonstrates flexibility to adapt to a fast-paced environment with multiple priorities and constantly changing workload, tech forward
• Demonstrates ability to manage time effectively
• Self-starter who has the ability to work independently or within a team environment
• Demonstrated effective customer service skills (professional email communication skills is a must, along with communication over the phone)
• Able to use and manage collection software/tool (i.e., SideTrade is an added advantage)

Inclusion statement

In order to provide equal employment and advancement opportunities to all individuals, employment decisions at 3DS are based on merit, qualifications and abilities. 3DS is committed to a policy of non-discrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religion, gender, sex (including pregnancy, childbirth or medical or common conditions related to pregnancy or childbirth), sexual orientation, gender identity, gender expression, marital status, familial status, national origin, ancestry, age (40 and above), disability, veteran status, military service, application for military service, genetic information, receipt of free medical care, or any other characteristic protected under applicable law. 3DS will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.Qualified applicants with arrest or conviction records will be considered for employment in accordance with applicable state laws and local ordinances. We are committed to fair employment practices and will evaluate all candidates based on their qualifications, regardless of past arrest or conviction history.

Dassault Systèmes offers an excellent salary with potential for bonus, commensurate with experience. Benefits include a choice of plans providing comprehensive coverage for medical, dental, vision care for employee & dependents as well as employee life, short & long term disability, tuition reimbursement, immediate 401K enrollment, 401K match (50 cents on the dollar, up to the first 8% of your eligible compensation that you contribute based on match eligibility criteria), flexible time off policy, and 10 paid holidays.

Salary Pay Transparency

Compensation for the role will be commensurate with experience. The total expected compensation range will be between $24 and $34 per hour.

Dassault Systèmes is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, we bring value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries. Join our global community of more than 23,800 passionate individuals!