Accounts Receivable Specialist

 Posted 2 hours ago
     
2-5 years experience
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AI Summary

The role focuses on managing accounts receivable processes, including accurate billing, timely collections, and the reconciliation of incoming payments. It also involves managing credit limits, resolving invoicing queries, and maintaining strong client relationships to ensure steady cash flow.

Why Merit?

At Merit Medical, our mission is to create innovative medical devices that improve lives. Our goal is to hire and develop people who want to build something special through hard work, team effort, and commitment. Together, we are making a difference in the lives of patients around the world.

SUMMARY OF DUTIES

The Accounts Receivable Specialist is responsible for the effective management of accounts receivable processes, ensuring accurate billing, timely collections, and strong customer account management. This position plays a critical role in maintaining cash flow, supporting commercial objectives, and ensuring compliance with internal policies and external regulatory requirements.

DUTIES & RESPONSIBILITIES
  • Ensures that all customers have received respective monthly statements for payment processing.
  • Drives collections by monitoring ageing reports, following up overdue accounts, and minimising balances beyond 30 days in the private sector and 90 days in the government sector.
  • Engage with AR team to ensure that all incoming payments are reconciled accordingly and the status of customers’ accounts is accurate.
  • Implements credit limit increases in line with risk and policy requirements.
  • Authorises order releases by reviewing credit holds in accordance with credit policy.
  • Updates system records to reflect revised payment terms and credit limits.
  • Resolves overdue invoices and claims in a timely and constructive manner.
  • Administers filing, issues letters of demand, and invoice reproduction as required.
  • Maintains regular client contact by telephone, email, written correspondence and where necessary, customer visits.
  • Works closely with Customer Service, Sales and Accounts Receivable to support effective account management.
  • Resolves invoicing queries, manages past-due accounts, and communicates relevant account policies and procedures to customers.
  • Accounts receivable document pack management.
  • External Customer payment query resolution.

SUMMARY OF MINIMUM QUALIFICATIONS

  • Education equivalent to a high school diploma and three years of related experience.
  • Ability to work independently to perform tasks
  • Excellent attention to detail and accuracy in checking information and filing.
  • Ability and willingness to work as part of an accounting team to accomplish organizational tasks and accounting deadlines.
  • Willingness to work overtime when necessary to meet financial reporting deadlines
  • Demonstrated computer skills preferably spreadsheets, word processing, database and other applicable software programs.

We are Global

Founded in 1987, Merit Medical Systems, Inc. is a leading manufacturer and marketer of proprietary disposable medical devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and endoscopy. Merit serves client hospitals worldwide with an international sales force and clinical support team totalling in excess of 500 individuals. Merit employs approximately 6,300 people worldwide.

Merit Medical EMEA currently has over 300 employees, spread over more than 20 countries in the EMEA region.

Merit Maastricht (The Netherlands) is the European Headquarters and Distribution Center of Excellence. Much of Merit Medical’s world-class customer service happens here along with our excellent physician training courses. More than 100 employees work at this growing Merit campus and enjoy many benefits, such as flexible working hours and competitive salaries as well as learning opportunities and internships.

Culture

A supportive and collaborative environment make Merit Medical a friendly, enjoyable place to work. We are proud of our energetic and dynamic culture. Diversity & Inclusion is evident here with a 50/50 ratio of male and female employees and more than 30 nationalities. We value every employee as an individual.

To see more on our culture, go to www.merit.com/careers.

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