AP/AR/Cash Specialist

Job Description

AP/AR/Cash Specialist | New Energy Equity

The Tone:
This is a full-time role at New Energy Equity, located in Annapolis, MD with a hybrid work schedule. New Energy Equity, a subsidiary of ALLETE, develops innovative solar solutions, having successfully deployed over 600MW of solar projects and closed more than $1.2 billion in clean energy investments for various commercial, industrial, municipal, and utility customers. This role is crucial for supporting the Corporate Accounting team by ensuring accurate and efficient processing of financial transactions, serving as an excellent foundation for career advancement within the company’s accounting department.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid, Annapolis, MD
• Pay: $58000–$65000 yearly
• Team: Corporate Accounting Team; reports to Senior Manager, Corporate Accounting
• Mission: This person processes vendor invoices, customer billings, cash transactions, and payment activities to maintain accurate financial records and support company operations.
• Tech Stack: NetSuite, Nexonia, Wells Fargo, Microsoft Excel

What You’ll Actually Do
• Accounts Processing: Enter and process vendor bills in NetSuite with accurate coding for general ledger accounts, dates, projects, and approvers.
• Customer Billing & Collections: Create customer invoices upon request and actively pursue outstanding balances more than 30 days past due.
• Cash Management: Record daily cash activity across multiple subsidiaries and prepare weekly summaries of banking and invoicing for management.
• Payment Execution: Prepare and process payments, including checks, ACH, and wire transactions, through NetSuite and Wells Fargo.
• Financial Reconciliation: Record and reconcile cash transactions, prepare monthly bank reconciliations, and assist with resolving open items in suspense accounts.

The Must-Haves
• Background: Entry-level candidate with a Bachelor’s degree in Accounting, Finance, Economics, or a related field; an Accounting degree is preferred.
• Experience: A strong desire to build a career in corporate accounting, with prior accounting, audit, or bookkeeping experience or an internship background preferred.
• Skills: Intermediate proficiency in Microsoft Excel, excellent written and verbal communication, strong organizational abilities, and meticulous attention to detail.
• Bonus: Experience with enterprise accounting and expense management software, specifically NetSuite and Nexonia.