Accounts Receivable Associate

Job Description

Accounts Receivable Associate | Coilcraft, Inc.

The Tone:
This is a full-time role for an Accounts Receivable Associate at Coilcraft, Inc., situated in Cary, Illinois. Coilcraft is a distinguished, privately held global manufacturer, celebrating over 75 years of engineering excellence and headquartered right in Cary. This position plays a pivotal role within our Accounting team by providing essential support for customer accounts, managing cash application processes, handling collections, and performing account reconciliations, all of which are crucial for maintaining the financial health and operational continuity of our worldwide business.

The TL;DR
• Role: Early Career
• Location: In-person, Cary, IL
• Team: Accounting team
• Mission: To diligently support customer accounts, manage cash application, facilitate collections, and ensure accurate account reconciliation, thereby helping to maintain the robust financial health of Coilcraft’s global organization.
• Tech Stack: Microsoft Excel, ERP or accounting software

What You’ll Actually Do
• Account Research: Conduct thorough account research and in-depth analysis to understand and resolve customer account complexities.
• Reconciliation: Meticulously reconcile customer accounts and diligently maintain accurate and up-to-date financial records.
• Collections: Proactively resolve past-due invoices and efficiently manage all payment discrepancies to ensure timely cash flow.
• Cash Application: Accurately apply and promptly post customer cash receipts to ensure financial records reflect payments correctly.
• Customer Relations: Build and foster strong, collaborative relationships with both internal colleagues and external customers to facilitate smooth operations.

The Must-Haves
• Background: An Associate’s or Bachelor’s degree in Business, Accounting, Finance, or a closely related field is preferred, complemented by a solid and foundational understanding of fundamental accounting concepts.
• Experience: No specific prior professional experience, including years, is explicitly required for candidates applying to this role.
• Skills: Demonstrated strong attention to detail and exceptional organizational abilities; Intermediate proficiency with Microsoft Excel and general computer skills; Excellent verbal and written communication skills for effective interaction.
• Bonus: Prior accounts receivable or broader accounting experience; Familiarity with ERP or accounting software; Previous customer service or collections experience; Strong analytical skills for problem-solving and insights.