Accounts Receivable and Collections Specialist Job in Toronto, ON - Adecco

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Job Summary
Accounts Receivable and Collections Specialist
Location: Toronto, ON Category: Accounting & Finance
Status: Direct Hire Reference: ca_en_2_026598_11421
Posted: January 20,2017 Salary: N/A

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Accounts Receivable and Collections Specialist Job in the Toronto, ON area

Adecco is currently hiring an Accounts Receivable and Collections Specialist located in Toronto, ON. This position will be responsible for general accounting Accounts Receivable (A/R) functions including running various daily, weekly and monthly reports and reconciliations. This role will also responsible for collecting on an assigned collections portfolio, proactively identifying account issues and generating solution strategies. The successful applicant will have at least 3-5 years of relevant experience, with a strong understanding of billings and collections procedures, and excellent reconciliation skills.

General Job duties and responsibilities include:

*On a weekly basis, schedules and runs the weekly A/R to General Ledger (G/L) reports to send to accounting in the US, and generates and distributes the aging analysis Flash Reports.

*Performs monthly functions including a complex A/R to G/L reconciliation which is sent to the accounting team in the US to review. Reconciles designated G/L accounts, generates and posts month end small balance write-offs and adjustments, and is responsible for month-end opening and closing procedures for accounting.

*Keys and posts monthly write-off and bad debt entries as well as debit/credit entries for customer accounts.

*Runs reports for payments applied to ensure all items are posted. Researches unidentified payments and posting errors each day in A/R system.

*Creates debit memos for accounting to remove credit card fees from A/R.

*Identifies and requests the necessary credit adjustments for customer accounts.

*At the request of cash application, e-tools reconciliation specialist or other members of the team, processes flat files for large payments, debit/credits and write-offs as well as re-instatements of cash or write-offs.

*Acts as back up for the cash application team colleagues and acts as back up to run the daily batch summary reports and prepares cash reconciliation paperwork for Management review and approval.

*A Collections portfolio will be assigned. Within this portfolio establishes and builds strong customer relationships to ensure the reduction of aging and the proactive prevention of bad debt write-offs. Interacts with customers to resolve outstanding issues and sends statement of accounts to clients who are in arrears.

*Assesses delinquent accounts and conducts daily telephone collection calls to assigned accounts in an expedient manner to reduce the company?s Days Sales Outstanding (DSO).

*Interacts with the field branches, as well as the Sales, National Accounts and Operations teams, in order to obtain a complete understanding of assigned accounts and to assist with resolving Accounts Receivable problems.

*Researches Accounts Receivable practices within appointed accounts in order to identify any issues and ensure that client account reconciliations are completed in a timely, efficient manner.


*At least three 3-5 years relevant experience

*Completion of post-secondary education in related field or years of equivalent experience demonstrating progressive responsibility

*Must have strong knowledge of PC software, such as Microsoft Word. Excel and e-mail applications

*General knowledge of accounting principles is an asset.

*Superior organizational skills and can manage multiple tasks and meet deadlines consistently.

*Proactive and able to solve problems effectively and able to work independently with minimal supervision.

If you are interested in this or other AR/Collector job opportunities with Adecco please apply online at!

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**Note: Accommodation will be provided in all parts of the hiring process as required under Adecco’s Employment Accommodation policy. Applicants will need to make their needs known in advance to their Adecco representative.**