Staff Accountant

IDEAL Industries, Inc.; Pratt Junction (MA); On-site; USD 67,000 - 90,000; Full time

Job summary

IDEAL INDUSTRIES, Inc. is seeking a Staff Accountant in Sterling, MA to manage the accounts receivable cycle, invoicing support, cash application, collections, and reconciliations. You will work with Customer Service, Sales, and customers to resolve payment issues and improve cash flow while supporting month-end activities.

The role requires 3+ years of accounting/AR experience, a accounting degree, and strong Excel/ERP skills. This on-site position offers competitive pay and benefits.

Qualifications

• Associate's or Bachelor's degree in Accounting, Finance, or related field preferred.
• 3+ years of accounting and/or accounts receivable experience.
• Strong knowledge of accounts receivable processes and accounting principles.
• Proficiency with ERP systems and Microsoft Excel.
• Strong analytical, organizational, and problem-solving skills.
• Excellent communication and customer service skills.
• Ability to manage multiple priorities and meet deadlines.

Responsibilities

• Manage the cash application process, recording receipts and reconciling deposits.
• Monitor AR aging and follow up on past due balances with customers.
• Maintain customer records, perform reconciliations, and respond to inquiries.
• Manage customer invoicing requirements and portal submissions.
• Review credit exposure and support credit decisions.
• Assist with month-end close and balance sheet reconciliations.
• Prepare audit schedules and provide support for audits.

Skills

Accounts receivable

Analytical thinking

Communication skills

Time management

Customer service

Education

Associate's or Bachelor's degree in Accounting, Finance, or related field

Tools

Microsoft Excel

ERP systems

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Staff Accountant

Regular Full-Time Staff, Office Sterling, MA, US

5 days ago Requisition ID: 1226

Salary Range: $76,303.00 To $102,627.00 Annually

ANDERSON POWER PRODUCTS®, a wholly owned subsidiary of IDEAL INDUSTRIES, Inc., is an industry leader in the design and manufacture of electrical power connectors. Anderson Power Products partners with leading edge companies to create innovative connector designs that leverage contact technology and high power expertise to provide superior value to the power electronics industry. Applications include leading edge technology and next generation power requirements in industries such as alternate energy (wind, solar, fuel cell), datacenter and server power supply design and electrical distribution, electric vehicles, LED lighting, and battery charging. This is your chance to join a dynamic company that strives to provide a workplace where employees feel empowered, valued, stimulated, and connected to the business.

The Staff Accountant is primarily responsible for managing all aspects of the accounts receivable cycle, including customer account maintenance, invoicing support, cash application, collections, dispute resolution, credit-related activities, and account reconciliations. The role works closely with Customer Service, Sales, and customers to resolve payment issues, improve cash flow, and maintain positive business relationships. In addition, this position supports the accounting team with selected month-end close activities, balance sheet reconciliations, and other general accounting responsibilities as needed. Success in this role requires strong attention to detail, analytical skills, effective communication, and the ability to manage multiple priorities in a fast-paced environment.

RESPONSIBILITIES:

Accounts Receivable (Approximately 70%)

• Manage the cash application process by obtaining payment and remittance information from bank portals, recording customer receipts, reconciling deposits, researching unapplied cash, and resolving discrepancies to maintain accurate customer account balances
• Monitor accounts receivable aging and proactively follow up on past due balances and maintain communication with customers.
• Maintain customer account records, perform account reconciliations, and respond to customer inquiries regarding account status.
• Manage customer electronic invoicing requirements, including uploading invoices to customer portals, monitoring invoice status and resolving submission issues.
• Review customer credit exposure and provide information to support credit decisions.
• Partner closely with Customer Service and other internal departments to resolve customer account issues, support timely collections, and ensure a positive customer experience.
• Support cash forecasting through analysis of expected customer receipts.
• Prepare weekly AR aging and collection reports for management review.

General Accounting (Approximately 30%)

• Prepare assigned journal entries and supporting schedules.
• Perform monthly balance sheet account reconciliations and investigate variances.
• Reconcile bank accounts and cash-related balances.
• Assist with sales and use tax filings and supporting schedules.
• Participate in month-end and year-end close processes.
• Prepare audit schedules and provide support for internal and external audit requests.
• Provide backup support for other accounting functions as needed.

QUALIFICATIONS:

• Associate's or Bachelor's degree in Accounting, Finance, or related field preferred.
• 3+ years of accounting and/or accounts receivable experience.
• Strong knowledge of accounts receivable processes and accounting principles.
• Proficiency with ERP systems and Microsoft Excel.
• Strong analytical, organizational, and problem-solving skills.
• Excellent communication and customer service skills.
• Ability to manage multiple priorities and meet deadlines.

The expected salary for this position is between $66,932.00 and $90,023.00. This range represents a good faith estimate for the position and actual compensation will be based on numerous factors including knowledge, location, skills, training and experience. Anderson/IDEAL employees enjoy a wide range of valuable benefits including:

• Education Reimbursement
• Wellness Programs
• 401k with Company Match
• Cash Balance Pension Plan

Anderson/IDEAL values rest, personal time and community involvement facilitating these through several paid time off programs including:

• Vacation
• Personal Days
• Holidays

IDEAL INDUSTRIES, INC. is proud to be named one of America’s Top 100 Most Loved Workplaces by the Wall Street Journal and an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status. We know when you honor relationships, success for all will follow. To learn more about us, visit www.andersonpower.com or www.idealindustries.com