Accounts Receivable Specialist

Job ID 18-00072

Industry Professional Jobs

Job Type Contract

Location Lake Forest, IL


- This position facilitates and performs validity checks on deductions taken by customers and works with multiple parties to resolve deductions. 
- This position is also responsible to ensure timely payments of trade invoices. 
Essential Functions:
- Identifies and codes deductions per desktop procedures and internal control requirements. 
- Reconcile customer account as needed; matching offsets, identifying on account payments, following up on credits for outstanding deductions and processing adjustments for write offs and bad debt. 
- Facilitate the validation of each deduction and appropriate disposition.
- Contacts customers to resolve deduction disputes, as necessary. 
- Processes requests for credit for valid deductions, as needed. 
- Processes requests for payment on invalid deductions. 
- Ensures assigned deduction KPI's are met for portfolio assigned. 
- Effectively communicates outcomes and/or next steps to appropriate stakeholders. 
- Ensures all accounting policies and procedures are adhered to, including SOX/Internal controls. 
- Ensure timely payment of open invoices for wholesale or retail customers by coordinating with corporate accounts payable.


- Bachelor's Degree or more with 1-2 years relevant Accounts Receivable experience (or) High school grad with 5+ years of relevant Accounts Receivable experience. 
- Experience in Pharmaceutical, Retail, or Surgical accounts. 
- Strong communication, organization and relationship skills to interact with vendors and various other departments.
- General math skills - adding, subtracting, multiplication, division and percentages.
- Beginner level knowledge of common accounting practices. 
- Working knowledge of Microsoft applications. E.g., Excel, Word, PowerPoint. 
- Working knowledge of an enterprise software package. E.g. JDE, SAP, Oracle, PeopleSoft. 
- Ability to perform simple calculations such as discounts, interest, commissions, etc. 
- Ability to use personal computer and standard office equipment such as fax and copy machines, calculator, and printers.
- Ability to read and interpret standard documents such as procedure and software manuals Ability to write routine reports and correspondence.
- Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
- Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form. 
- Aptitude to learn computer programs as needed. 
Strongly prefer someone who has worked with wholesalers and distributors in the life sciences space so they have an understanding of the AP/AR process flow for the types of gross to net activity we have.