Velocity medtech · 1 day ago
Account Receivable Specialist [Part Time] (54298)
Medin Totowa NJ CT Div - Totowa, NJ 07512
Full-time, Part-time
Onsite
Entry, Mid Level
$22/hr - $28/hr
2+ years expVelocity Medtech is a company focused on supporting daily accounting and cash collection operations. The Accounts Receivable Specialist will be responsible for accurate invoicing, timely collections, and maintaining receivables, requiring strong customer follow-up and documentation practices.
ManufacturingMedical DeviceProduct Design
Responsibilities
Generate, review, and issue customer invoices and credit memos with appropriate supporting documentation
Accurately and promptly apply customer payments, ensuring proper cash application and timely resolution of short payments and deductions
Conduct daily collection activities on past-due invoices, including follow-ups, escalations, and dispute resolution
Proactively contact customers regarding upcoming due dates and payment expectations
Prepare and issue customer statements and collection notices on a regular cadence
Maintain accurate and up-to-date customer master data, including payment terms, contacts, credit limits, and billing requirements
Submit accurate accounts receivable aging, sales, and collections data to third-party reporting portals in compliance with lender requirements
Monitor receivable eligibility (aging, disputes, credits) and flag items that may impact borrowing base availability
Collaborate with the Controller to resolve ineligible receivables and support borrowing base reviews and lender field exams
Reconcile the accounts receivable subledger to the general ledger at month-end, investigating and resolving any variances
Ensure all invoices are properly coded to the general ledger and comply with revenue recognition policies
Assist with month-end close activities, accounts receivable analysis, and ad hoc reporting as needed
Support annual financial and lender audits by providing schedules, documentation, and explanations
Adhere to all company accounting policies, internal controls, and standard operating procedures
Collaborate effectively with Accounts Payable, Staff Accountants, Sales, and Operations teams
Provide cross-functional coverage for accounting team members during month-end close and periods of high workload
Execute departmental work plans in alignment with company policies, procedures, regulations, best practices, management objectives, and financial goals
Liaise with customers, suppliers, and third parties as necessary to monitor work progress and resolve issues
Attend and actively participate in meetings, reporting on key performance metrics
Maintain accurate company records in accordance with applicable regulations and properly complete required forms, reports, and disclosures
Demonstrate professionalism and integrity; model reliability, teamwork, initiative, creativity, problem-solving, and sound decision-making. Support interdepartmental collaboration and a positive work environment
Uphold company policies and procedures while aligning with and representing the organization’s mission, vision, core values, and cultural principles
Maintain regular and punctual attendance, meeting all scheduling and overtime requirements as needed
Perform other related tasks as assigned, some of which may become essential to the position
Qualification
Required
2-3+ years of experience in a related job role
Bachelor's degree in a related field with knowledge of technical subject matter
Or any equivalent combination of education, training, and experience that demonstrates the ability to perform the duties and responsibilities as described, including an internship in a relevant trade
Business acumen capabilities of leading teams, influencing people, using processes to get work done, managing projects to achieve goals, understanding products and markets, utilizing financial data and financial analysis, formulating goals and strategies, analyzing data, solving problems, making decisions, and assessing performance
Business acumen mindset of thinking strategically, building internal and external relationships, outcome-driven, taking action, assuming responsibility, and earning credibility
Problem-solving, critical thinking, and mathematics
Organizational skills and a high level of attention to detail
Excellent communication skills, both verbal and written
Interpersonal skills that foster collaboration and positive relationships with stakeholders
Demonstrated ability to motivate, lead, and manage by example, fostering a culture of positivity, performance, and engagement
Business systems including Microsoft Office programs (i.e., Outlook, Word, Excel), ERP, and MRP
Must be able to wear safety equipment, as required
Must be able to understand, read, write, and speak English
Preferred
Business understanding of external factors, including market segments, customers, competitors, sectors/industries, business model, value proposition/positioning, distribution channels, global/market extension
Experience working in manufacturing with trade terminology and nomenclature
Track record in process improvement and lean manufacturing
Medical device manufacturing experience
A thorough understanding and a working knowledge of all job phases
Experience working in a manufacturing or B2B environment strongly preferred
Prior exposure to lender reporting, borrowing bases, or audit support is a plus
Company
Velocity medtech
Velocity Medtech designs and manufactures orthopedic medical devices.
201-500 employees
Funding
Current Stage
Growth StageRecent News
Seattle TechFlash
2025-04-28
Company data provided by crunchbase