AR/AP Analyst

Job Description:

AR/AP Analyst Summary:

Signature Consultants is seeking an AR/AP Analyst for an opportunity in Chicago, IL. As part of the Fees Division, the AR/AP Analyst role is responsible for the complex aspects of Accounts Receivable, from set-ups, generation of all period-end invoicing for designated clients, cash application, account openings and closing audits, to billing related special projects. This role serves as one of the primary contacts for all fee related calculations, analysis and inquiries from our business partners. The AR/AP Analyst must accurately and efficiently complete all assigned fee related tasks and responsibilities, demonstrate a firm understanding of our processes, the risk associated with them, their impact to the Bank’s financial statements and to our clients. The AR/AP Analyst will investigate billing issues as they arise and drive them to resolution to ensure we provide accurate and timely billing. This Analyst will adhere to the compliance guidelines and internal auditing requirements of the Bank and assist the Fee Leadership Team with ensuring best practices are being followed.

Responsibilities:

• Responsible for the complex aspects of Accounts Receivable, from set-ups, generation of all period-end invoicing for designated clients, cash application, account openings and closing audits, to billing related special projects
• Proactively monitor fee information on reports for errors with calculations, input, and variances in fees for assigned accounts from one period to another
• As the subject matter expert, assist with the training and development of new fee analysts
• Prioritize daily tasks to ensure productivity, accuracy and timeliness expectations are met in accordance to the established guidelines of the division
• Work in collaboration with our business partners to ensure accurate and timely invoicing to the client and solving billing related issues
• Resolve client/partner fee related inquiries in a timely manner
• Serve as a key liaison between Fee Billing, SOX, internal and external auditors, and other operational areas to provide analytical and procedural expertise
• Cross train on multiple areas in Fees to build a well-rounded experience
• Provide support for internal and external requests
• Research complex fee transactions
• Participate in projects and initiatives focused on process improvements and efficiency
• Communicate and escalate issues to Fee Management/Leadership Team as required
• Maintain policies and procedures and utilize best practices

Requirements:

• Bachelor’s degree preferred or demonstrates knowledge of the Financial Services industry, with 3-5 years of related experience in Accounts Receivable, Accounts Payable or Payroll.
• Detailed-oriented, team player with an analytical mind, and good problem solving capabilities
• Excellent oral and written communication skills
• Good time management, ability to multi-task, prioritize work and provide timely feed-back to management
• Self-motivated, self-starter, ability to thrive in a fast-paced, dynamic and demanding environment with a flexible approach towards changing work methods, deadlines and variable workloads
• Strong planning, organizational and problem solving skills with attention to detail
• Ability to work under pressure and to deliver to tight deadlines
• Strong mathematical skills, proficient with Excel
• New to industry/has book knowledge of skills required but may not have hands on experience or little hands on experience on given technologies.
• Has experience in gathering and analyzing user requirements, and the development of functional and operational spec’s using professional techniques, and automated tools.
• Develops detailed functional specifications including data and function models, process flow diagrams, and report and screen layouts.
• Documents algorithms and operational requirements, identifies logical system architecture, specifies system interfaces, develops test plans and user guides, oversees acceptance testing, provides user training, and supports users in the development of work processes.
• Works under the direction of a team leader or project manager.

About Signature Consultants, LLC

Headquartered in Fort Lauderdale, Florida, Signature Consultants was established in 1997 with a singular focus: to provide clients and consultants with superior staffing solutions. For the eighth consecutive year, Signature was voted as one of the “Best Staffing Firms to Work For” and is now the 14th largest IT staffing firm in the United States (source: Staffing Industry Analysts). With 26 locations throughout North America, Signature annually deploys thousands of consultants to support, run, and manage their clients’ technology needs. Signature offers IT staffing, consulting, managed solutions, and direct placement services. For more information on the company, please visit www.sigconsult.com.