Full-Time

Collections Specialist

Posted on 11/21/2024

Medline

Medline

5,001-10,000 employees

Provider of medical supplies and healthcare solutions

Social Impact
Healthcare

Compensation Overview

$30.75 - $44.5Hourly

+ Bonus + Incentive

Junior, Mid

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
SAP Products
Word/Pages/Docs
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Typically requires a Bachelor’s degree in Accounting or Finance.
  • At least 2 years of experience in Business-to-Business collections.
  • Experience with large volume and critical account dispute resolution.
  • Intermediate level skill in Microsoft Excel (for example: using SUM function, setting borders, setting column width, inserting charts, using text wrap, sorting, setting headers and footers and/or print scaling).
  • Intermediate level skill in Microsoft Word (for example: inserting headers, page breaks, page numbers and tables and/or adjusting table columns).
  • Position requires occasional travel for business purposes (within state and out of state).
  • Professional NACM certification (CBA) or training (preferred).
  • Experience interpreting D&B reports (preferred).
  • Experience working with financial statements (preferred).
  • Intermediate skill level in SAP (preferred).
Responsibilities
  • Review and analyze various accounts receivable reports including aging, unapplied cash, short pay, and open credit request status reports.
  • Evaluate blocked orders and determine appropriate action: release, recommend credit hold, or negotiate plans of repayment that would optimize risk mitigation.
  • Identify and manage credit risk by recognizing when additional credit analysis is necessary, raising the request with the Sr. Credit Analyst. This includes managing account exposure to assigned credit limit and escalating where appropriate.
  • Conduct daily account reconciliation include working with sales on pricing, system process, freight issues, analyzing and processing offsets, and write-off requests.
  • Facilitate conference calls with Sales, customers, and other stakeholders to analyze data and reports to identify problems and resolve service issues.
  • Collaborate with Sales to prepare and provide management with updates for monthly account reviews with leadership team and escalate for assistance as needed.
  • Assist with process gap analysis within the Accounts Receivable department.
  • Conduct daily collection calls to customers and sales representatives. Manage and monitor plans of repayment for delinquent accounts.
  • Train and mentor team members on policies, procedures, and best practices as needed.

Medline supplies medical products and healthcare solutions to hospitals, nursing homes, and home health agencies. Their offerings include protective gear, wound care items, diabetes care supplies, and home diagnostics, sold directly to healthcare providers. Medline distinguishes itself through its commitment to sustainability and resilience, investing in domestic supply chain infrastructure. The company's goal is to deliver reliable healthcare solutions while promoting sustainable practices.

Company Stage

Growth Equity (Venture Capital)

Total Funding

$486.4K

Headquarters

Mundelein, Illinois

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Medline's recognition with awards like the AARC's 2024 Zenith Award and the Preferred Supplier of the Year award highlights its strong reputation and reliability in the healthcare sector.
  • The new partnership with Vetter Senior Living and expansion in Chicagoland indicate Medline's growing market presence and potential for increased business opportunities.
  • Innovations like the FitRight CONNECT Wetness Sensing System demonstrate Medline's commitment to advancing healthcare technology and improving patient care.

What critics are saying

  • The competitive nature of the medical supply industry requires Medline to continuously innovate to maintain its market position.
  • Dependence on partnerships, such as those with Microsoft and Sonoma Pharmaceuticals, could pose risks if these collaborations face challenges or dissolve.

What makes Medline unique

  • Medline's partnership with Microsoft to develop AI-powered solutions for healthcare supply chains sets it apart in the medical supply industry, emphasizing innovation and technological advancement.
  • The company's commitment to sustainability and resilience through domestic supply chain investments distinguishes it from competitors who may rely more heavily on international sources.
  • Medline's extensive product catalog and value-added services like supply chain management and educational resources provide a comprehensive offering that is unmatched by many competitors.

Help us improve and share your feedback! Did you find this helpful?