Role overview

Qualifications

Bachelor’s degree in Accounting, Finance or Business or equivalent work experience
4+ years of progressive experience in accounts receivable
In-depth knowledge of accounting, accounts receivables processes, complex billing terms, and collections strategies
Strong analytical and problem-solving skills

Responsibilities

Manage an accounts receivable portfolio and related processes for large, strategic customers
Collaborate with clients to resolve payment discrepancies and establish payment arrangements
Deploy strategies to optimize collections processes and reduce outstanding balances
Identify trends and potential risks within the accounts receivable portfolio

Key facts

Remote from: United States
Full time
Mid-level (2-5 years)
English

Hard skills

Accounts Receivable Account Reconciliation Collection Development Customer Relationship Management Process Improvement AI/ML Inference Industrial Automation

Other skills

Analytical Skills
Problem Solving
Communication
Critical Thinking
Decision Making

About the company

WEX

WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalized solutions for its customers around the world. Through its rich data and specialized expertise in simplifying benefits, reimagining mobility and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, please visit www.wexinc.com.

Company details

Company typeXLarge

Company size5001 - 10000

Links

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Job description

About the Team/Role

This role will play a pivotal role in managing the receivables operations for strategic accounts with intricate billing structures. The position is instrumental in ensuring timely collection of outstanding accounts receivable, maintaining a healthy aging portfolio, fostering strong customer/client relationships and optimizing cash flow.

How you'll make an impact

Manage an accounts receivable portfolio and related processes for large, strategic customers with complex account structures and billing terms.
Collaborate with clients to procure promises to pay, resolve payment discrepancies delinquencies, and establish mutually beneficial arrangements.
Deploy strategies to optimize collections processes, reduce outstanding balances, drive down the portfolio DSO and increase customer adherence with contractual payment terms.
Responsible for complex monthly audits and account reconciliations of multiple off-cycle non-standard billing customers to ensure accuracy in receivables records and prevent embedded receivables.
Identify trends, anomalies, and potential risks within the accounts receivable portfolio.
Ensure adherence to compliance standards and internal controls.
Monitor billing processes and address any issues or discrepancies to facilitate prompt payments.
Provide regular updates to leadership and internal stakeholders on the status of collections and client interactions.
Build and maintain strong relationships with key strategic customers to facilitate prompt payments and resolve issues proactively; address inquiries, provide support, and ensure overall customer satisfaction.
Collaborate with sales and account management teams to align collections efforts with broader business strategies.
Share insights on client payment behaviors and potential risks that may impact the business relationship.
Identify and implement opportunities for process improvement in the collections workflow to enhance efficiency and effectiveness.
Implement best practices to streamline collections processes, reduce outstanding balances, and drive down the DSO.
Collaborate with internal stakeholders to streamline invoicing, payment, and reconciliation workflows.
Proactively identify and embrace opportunities to integrate AI and automation technologies into operational processes. This includes initiatives to drive scale, reduce reliance on manual processes, and mitigate operational risks.

These statements are intended to describe the general nature and level of work being performed rather than give an exhaustive list of all duties and responsibilities.

Experience you'll bring

Minimum Required Qualifications for Consideration

Bachelor’s degree in Accounting, Finance or Business or the equivalent work experience 4+ years of progressive experience in accounts receivable.
In-depth knowledge of accounting, accounts receivables processes, complex billing terms, and collections strategies.
Strong analytical and problem-solving skills with the ability to interpret complex contractual agreements.
Advanced account reconciliation and auditing skills with experience preparing and presenting audits to internal and/or external stakeholders
Superior critical thinking, problem solving and decision-making skills
Effective communication skills, both verbal and written, with the ability to interact professionally with customers and internal stakeholders.
Must successfully pass a background investigation.

The base pay range represents the anticipated low and high end of the pay range for this position. Actual pay rates will vary and will be based on various factors, such as your qualifications, skills, competencies, and proficiency for the role. Base pay is one component of WEX's total compensation package. Most sales positions are eligible for commission under the terms of an applicable plan. Non-sales roles are typically eligible for a quarterly or annual bonus based on their role and applicable plan. WEX's comprehensive and market competitive benefits are designed to support your personal and professional well-being. Benefits include health, dental and vision insurances, retirement savings plan, paid time off, health savings account, flexible spending accounts, life insurance, disability insurance, tuition reimbursement, and more. For more information, check out the "About Us" section.

Pay Range: $51,500.00 - $59,800.00

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