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Collections Financial Analyst

Covance 3/25/2019 7:37:49 AM
JOB ID: 27422 Category: Finance
Indianapolis, Indiana



Job Overview

Collection Financial Analyst performs periodic cash application review and analysis:

* Responsible for placing collection calls, emails and /or on delinquent accounts, employing appropriate follow-up methods until payment has been received.
* Document daily collection activities including current conversation notes
* Responsible for receiving and resolving internal and external inquiries related to clients' financial accounts.
* The position interfaces with billing, pricing, account managers, project managers, etc to obtain needed information to resolve clients' questions.
* Assists with the coordination of work requirements for all external, internal, and special audits (including quarterly SOX audits).
* Support the efforts of the collections team in order to achieve and maintain an acceptable level of DSO.
* Reviewing payment posting related issues on customer accounts when needed
* Analyze and resolve the ongoing On Account (OA) and duplicate activity
* Streamline and reduce overall OA duplicate postings
* Initiating requests for refund checks and tracks approval process until delivery
* Administer the A/R email inbox, distribute and/or accordingly
* Provides detailed Analysis of the underlying cash flow risk for all clients
* Communication of credit risk and Account Financial Performance Analysis to Contracts and AR Manager.
* Performs other related duties or Participates in process improvement initiatives intended to improve global delivery of Accounts receivable revenue recognition within Central Laboratories.
* Create client cost accrual as requested by internal and external clients
* Create manual Advance invoices based upon client contractual agreement in a timely and accurate manner.
* Responsible for the distribution of the invoices for designated accounts
* Assists Finance / Accounting management as required


BA or BS degree in Finance or Accounting or related field


* Minimum of three to four (3-4) years comparable Experience .
* Extensive knowledge of and ability to use and create database and spreadsheet packages. MS Excel proficiency required and MS Access proficiency preferred.
* Ability to give and follow written and oral instructions, as well as be self-driven to achieve company and departmental objectives.
* Ability to interact with employees of a variety of developmental and socio-cultural backgrounds.
* Outstanding verbal and written skills with exposure to senior management.
* Strong planning, organizational, and problem solving skills
* Prior use of ERP and Operational systems (demonstrated knowledge of database / system connectivity)
* Ability to understand database structure, system interaction, and transaction flow among disparate systems.

Position Type: Full-Time

Location: Indianapolis, IN - Indiana


Covance Recruiting Process

Below is a general Overview of Our Recruiting Process

If you’d like to work for us, please submit your resume/CV online. If your ability to use or access our electronic application is limited due to a disability, please visit or call 1-800-978-4473 for help.

We consider applications from everyone who is interested in a position with us and who meets the required criteria and qualifications.

If your application is selected, someone from our recruiting team will contact you to arrange an initial screen. We may carry this out over the phone or at a face-to-face meeting. You must complete the screen to be considered for the position.

Based on the results of the initial screen, we may invite you to an interview. One of our recruiting team members will contact you to arrange this. The process may involve several interviews, initially over the phone, and then face-to-face with different members of the hiring team.

Our interviews follow a behavioral-based format. This means we’ll ask you to give us information that’s specific to your professional and educational experiences.

Hiring team members will share and discuss their input and then make their decision.

If you’re the person who best meets the requirements of the position, a member of the hiring team will get in touch to make you an offer of employment. Covance is an eVerify employer (United States only).