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Accounts Receivable Specialist

CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION INC • Brooklyn, NY 11208 • Posted 3 days ago

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In-person • Full-time • $50,000-$55,000/yr • Mid Level

Job Highlights

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The Accounts Receivable Specialist at Cypress Hills Local Development Corporation will manage the accounts receivable for all contracts funding the organization, ensuring compliance with federal, state, and city funders. This role involves maintaining accurate accounts receivable records, managing revenue accounts using the Financial Edge NXT system, reconciling revenue accounts, and providing support for audit-related accounts receivable questions. The ideal candidate will have 3-5 years of experience in a similar role, strong knowledge of accounting principles, and excellent analytical and problem-solving skills.

Responsibilities

Manage the revenue accounts of all contracts using the Financial Edge NXT system
Deposit paper checks via automatic check scanner or bank branch if necessary
Record all forms of bank deposits (EFT, checks, and cash) and maintain corresponding accounts receivable backup on a weekly basis
Reconcile revenue accounts with Grant Reporting Specialist and resolve any discrepancies in a timely manner
Provide timely responses to emails related to accounts receivable
Generate and send invoices to Cypress merchants
Flag and follow up on any outstanding receivables older than 30 days
Send monthly revenue reports to Program staff regarding outstanding rental invoices
Prepare and analyze accounts receivable aging reports
Maintain up-to-date client records with accurate billing and contact information
Assist with month-end and year-end closing activities, including account reconciliations and financial reporting
Provide support for audit related accounts receivable questions
Assist in streamlining the accounts receivable process by identifying areas for performance improvement
Assist with other accounting and finance functions as needed

Qualifications

Required

Minimum of 3-5 years of experience as an Accounts Receivable Specialist or in a similar role
Familiarity of Financial Edge NXT is desirable
Strong knowledge of accounting principles, accounts receivable procedures, and financial reconciliation
Understanding of credit and collection practices and legal regulations
Proficiency in Microsoft Office (Excel, Word)
Working knowledge of Google Workspace (Sheets, Docs, GMail)

Full Job Description

Job Details

Level
Experienced

Job Location
Main Office - Brooklyn, NY

Position Type
Full Time

Education Level
H S Diploma/GED + combo of work exp.

Salary Range
$50,000.00 - $55,000.00 Salary/year

Travel Percentage
None

Job Shift
Day (8-4pm or 9-5pm)

Job Category
Finance

Description

With community residents leading the way, the mission of Cypress Hills Local Development Corporation (CHLDC) is to build a strong, sustainable Cypress Hills/East New York, where youth and adults achieve educational and economic success, secure healthy and affordable housing, and develop leadership skills to transform their lives and community.

Cypress Hills Local Development Corporation has an opening for one (1) full-time, experienced Accounts Receivable (AR) Specialist to join our Finance Team. The Accounts Receivable Specialist will manage the accounts receivable for all contracts funding the organization. The Accounts Receivable Specialist will maintain accurate AR records and ensure compliance with Federal, State, and City funders. The ideal candidate will have a strong understanding of the Accounts Receivable process, principles and practices, excellent analytical and interpersonal skills, great attention to details, a keen interest in continuous process improvement, and the ability to work in a fast-paced environment.

Principal Duties:

The Accounts Receivable Specialist will manage the revenue accounts of all contracts using the Financial Edge NXT system, which includes but not limited to:

Deposit of paper checks received via automatic check scanner or bank branch if necessary
Responsible for the recording of all forms of bank deposits (EFT, checks, and cash) and maintaining the corresponding accounts receivable backup on a weekly basis
Reconcile revenue accounts with Grant Reporting Specialist and resolve any discrepancies in a timely manner
Provide timely responses to emails related to accounts receivable
Generate and send invoices to Cypress merchants
Responsible to flag and follow up on any outstanding receivables older than 30 days including receivables due from government agencies, corporations, foundations and subsidiary corporations.
Send monthly revenue reports to Program staff regarding outstanding rental invoices
Prepare and analyze accounts receivable aging reports to identify past due accounts and prioritize collection efforts
Maintain up-to-date client records with accurate billing and contact information
Assist with month-end and year-end closing activities, including account reconciliations and financial reporting
Provide support for audit related accounts receivable questions
Assist in streamlining the accounts receivable process by identifying areas for performance improvement
Assist with other accounting and finance functions as needed

Position Requirements:

Minimum of 3-5 years of experience as an Accounts Receivable Specialist or in a similar role.
Familiarity of Financial Edge NXT is desirable
Strong knowledge of accounting principles, accounts receivable procedures, and financial reconciliation.
Understanding of credit and collection practices and legal regulations.
A positive attitude and eagerness to learn and grow
Familiarity with accounting systems
Excellent analytical and problem-solving skills.
Highly organized and detail-oriented with the ability to work accurately in a fast-paced environment
Strong team player within a multi-functional team and to manage multiple deadlines.
Excellent communication and interpersonal skills
Ability to work independently and as part of a team
Proficiency in Microsoft Office (Excel, Word)
Working knowledge of Google Workspace (Sheets, Docs, GMail)

Work Environment:

The position works in an office/school setting during the workday. This role routinely uses standard equipment such as computers, cellphones, photocopiers, and standard equipment such as pens, safety scissors and tape dispensers.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to use hands to finger, handle or feel; reach with hands and arms; and talk or hear. The employee frequently is required to stand; walk; and stoop, kneel, crouch or crawl. The employee is occasionally required to sit and climb or balance. The employee must regularly lift and/or move objects up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

Travel:

No travel is expected for this position.

Supervision:

Reports directly to the Director of Reporting and Accounts Receivable

Compensation:

$50,000 to $55,000 plus a very competitive benefits package.

To Apply:

Please forward cover letter, resume, and three (3) references to the Director of Reporting and Accounts Receivable, Sefrina Boodram at sefrinab@cypresshills.org.

Three (3) typed, signed reference letters will be required if chosen for the position.

CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION IS AN EQUAL EMPLOYMENT OPPORTUNITY/AFFIRMATIVE ACTION EMPLOYER AND IS COMMITTED TO WORKPLACE DIVERSITY AND INCLUSION.

We are an equal opportunity employer and do not discriminate in hiring or employment on the basis of race, color, religion, national origin, gender, marital status, sexual orientation, age, disability, veteran status, or any other characteristic protected by federal, state, or local law. We promote recognition and respect for individual and cultural differences, and we work to make our employees feel valued and appreciated, whatever their race, gender, background, or sexual orientation.

We offer competitive salaries, excellent benefits, and a pleasant working environment. Salary is based on a nonprofit scale and commensurate with experience.

EOE Minorities/Women/Disabled/Veterans

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