Accounts Receivable Specialist - Cash Application
About the Company
e.l.f. Beauty, Inc. stands with every eye, lip, face and paw. Our deep commitment to clean, cruelty free beauty at an incredible value has fueled the success of our flagship brand e.l.f. Cosmetics since 2004 and driven our portfolio expansion. Today, our multi-brand portfolio includes e.l.f. Cosmetics, e.l.f. SKIN, pioneering clean beauty brand Well People, Keys Soulcare, a groundbreaking lifestyle beauty brand created with Alicia Keys and Naturium, high-performance, biocompatible, clinically-effective and accessible skincare.
In our Fiscal year 24, we had net sales of $1 Billion and our business performance has been nothing short of extraordinary with 23 consecutive quarters of net sales growth. We are the #2 mass cosmetics brand in the US and are the fastest growing mass cosmetics brand among the top 5. Our total compensation philosophy offers every full-time new hire competitive pay and benefits, bonus eligibility (200% of target over the last four fiscal years), equity, flexible time off, year-round half-day Fridays, and a hybrid 3 day in office, 2 day at home work environment. We believe the combination of our unique culture, total compensation, workplace flexibility and care for the team is unmatched across not just beauty but any industry.
Visit our Career Page to learn more about our team: https://www.elfbeauty.com/work-with-us
The Accounts Receivable (AR) Specialist will perform day-to-day accounting for customer payments (including incoming wires, live checks, and credit card payments), processing payments to the corresponding remittance invoices and creating chargeback invoices for any customer deductions taken and assist with related accounting activities including month end close, account reconciliations and financial audits.
- Perform the cash application process and coordinating activities of researching and applying cash to the customer’s account and open invoices both timely and accurately.
- Obtaining customer deduction information for the Deductions team for proper resolution of open AR balances.
- Assist in reconciling customer payments between open invoices and credit memos and customer generated deductions to check or wire amount being paid. Desktop check deposits.
- Perform the cash application process to meet the monthly close deadline of all cash posted weekly and monthly by close of business Day 1.
- Reconciling prior end of month postings of customers “on-account” funds and credit memos to the appropriate open invoices.
- Perform collections efforts on past due customer accounts.
- Supporting external audits by providing accurate and well supported data and communication.
- Assist with any customer and operation’s questions and issues as they relate to customer payments and deductions support.
- Bachelor’s degree in accounting or finance.
- Experience in a consumer products company or retailer.
- 2+ years total relevant experience including hands-on accounting roles of mid to large size controls focused companies.
- Advanced knowledge and experience in Excel and Microsoft Office.
- Good project management skills.
- Experience with NetSuite Accounting ERP/SAP systems a plus.
- Proven ability to operate and thrive in a fast-paced, high-growth company by maintaining focus and strong organization and time management skills.
- Proven team player and able to work with all levels of professionals internally and externally.
- Ability to communicate clearly and concisely, verbally and in writing.
- Ability to perform several tasks concurrently with ease and professionalism.
- Must have excellent interpersonal and customer service skills.
- Strong organization and time management skills.
This job description is intended to describe the general nature and level of work being performed in this position. It also reflects the general details considered necessary to describe the principal functions of the job identified, and shall not be considered, as detailed description of all the work required inherent in the job. It is not an exhaustive list of responsibilities, and it is subject to changes and exceptions at the supervisors’ discretion.
e.l.f. Beauty respects your privacy. Please see our Job Applicant Privacy Notice (www.elfbeauty.com/us-job-applicant-privacy-notice) for how your personal information is used and shared.
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Join e.l.f. Beauty, Inc. as an Accounts Receivable Specialist - Cash Application in the vibrant city of Ahmedabad, Gujarat! At e.l.f. Beauty, we stand for clean, cruelty-free beauty that resonates with countless individuals, and we’re on a mission to make high-quality cosmetics accessible to everyone. As an Accounts Receivable Specialist, you’ll dive into the exciting world of accounting by managing customer payments, processing incoming wires, checks, and credit card payments. Your role will inherently involve ensuring that cash is correctly applied to customer accounts and open invoices, contributing to a smooth cash application process that supports our monthly financial deadlines. You’ll have the opportunity to collaborate with our Deductions team to resolve any customer deductions and ensure all accounts are reconciled accurately. This position also offers you insights into our financial audits and month-end close activities, allowing you to sharpen your accounting skills in a real-world setting. We pride ourselves on our unique culture and workplace flexibility, which allows you to work both in-office and from home. We're looking for a candidate with at least two years of experience in relevant accounting roles, a knack for Excel and Microsoft Office, and the ability to juggle multiple tasks seamlessly. If you’re ready to be part of a fast-growing company celebrated for its innovative brands and exceptional workplace benefits, this might be the perfect opportunity for you!
We build brands to disrupt industry norms, shape culture and connect communities through positivity, inclusivity and accessibility.
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