Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Terry Prak

Lowell

Summary

I am a certified Accounts Receivables professional with a strong work ethic, excellent attention to detail, and extensive experience in Finance Shared Services who is seeking a position where I can maximize my training and experience as well as grow within the company. Proven Accounts Receivable Specialist with a track record of enhancing collections processes and reducing DSO by 30% at Sirtex Medical, Inc. Skilled in SAP and Microsoft Office, adept at analyzing financial data to drive decision-making and improve operational efficiency.

Overview

17
17
years of professional experience
1
1
Certification

Work History

Accounts Receivable Associate

Sirtex Medical, Inc.
Woburn
01.2023 - Current
  • Verified and processed vendor invoices for payment.
  • Prepared bank deposits by verifying and balancing receipts and sending cash and checks to banks.
  • Communicated effectively with clients to ensure timely collections.
  • Implemented payment reminder system to decrease outstanding receivables.
  • Prepared aging reports to identify past due accounts.
  • Analyzed aged receivables on a regular basis to identify trends or issues requiring management attention.
  • Applied cash receipts and performed daily bank deposits.
  • Issued monthly statements to clients and followed up on outstanding payments.
  • Monitored customer account details to minimize or rectify non-payments, delayed payments and other irregularities.
  • Researched and resolved discrepancies with customers' accounts.
  • Received and recorded cash, checks and transfers.
  • Developed effective strategies to collect past due receivables.
  • Communicated effectively with customers regarding billing inquiries or disputes.
  • Coordinated with sales and customer service departments to resolve billing issues.
  • Investigated billing discrepancies and implemented effective solutions to resolve concerns and prevent future problems.
  • Reconciled customer accounts and resolved discrepancies.
  • Checked postings and documents for correctness, accuracy and proper coding.
  • Participated in financial audits related to accounts receivable.
  • Generated, mailed and monitored invoices.
  • Responded promptly to customer inquiries via phone or email regarding their account status.
  • Prepared detailed reports analyzing various aspects of Accounts Receivable activity including bad debt write offs, adjustments, deductions.
  • Generated monthly aging reports for review by management team members.
  • Managed the collection process while maintaining positive relationships with customers.
  • Reconciled cash receipts against outstanding invoices daily to ensure accuracy of accounts receivable ledger.
  • Performed analysis of unapplied cash transactions in order to accurately allocate payments received from customers.
  • Exceeded customer satisfaction by finding creative solutions to problems.
  • Prioritized and organized tasks to efficiently accomplish service goals.
  • Managed time effectively to ensure tasks were completed on schedule and deadlines were met.
  • Provide the CEO with the DSO/AR dashboard for customers that are having trouble paying.
  • Review Contracts

Accounts Receivable Analyst

Lantheus Medical Imaging
Billerica
07.2018 - 01.2023
  • Responsible for daily bank reconciliation.
  • Post daily incoming wires.
  • Responsible for posting all unapplied checks to customer accounts daily.
  • Sending monthly statements.
  • Month-end reporting metrics.
  • Maintain a healthy AR portfolio of 500 domestic and export customers.
  • Resolve billing issues and/or invoice issues.
  • Monitored overdue accounts daily, generated past due notices, and contacted delinquent customers via phone or email.
  • Reviewed accounts with credit balances to determine accuracy of refunds.
  • Developed strategies for improving the collection process, reducing bad debt, and increasing customer satisfaction.
  • Collaborated with sales teams to ensure timely collection of payments from clients.
  • Investigated customer complaints regarding billing issues and resolved disputes promptly.

Account Receivable Specialist

Ametek Aerospace & Defense
Wilmington
09.2017 - 07.2018
  • Responsible for daily reports on cash collections, and support the collections group on month-end reporting.
  • Audit support.
  • Flexible and adaptable to changing priorities and duties.
  • Adept at balancing often conflicting priorities of the two separate business units, and he or she will support.
  • Responsible for applying cash receipts to customer accounts using Oracle Database and EDI systems.
  • Preparing monthly, quarterly, and yearly reconciliation status reports.
  • Established new accounts and determined the extension of the credit line for existing accounts.
  • Resolved customer issues, incorrectly shipped products, billing issues, and reconciled customer accounts.

Credit Collection Administrator/Cash Application Specialist

Millipore
Quincy
08.2008 - 02.2016
  • Responsible for applying cash receipts to customer
  • Posted payments and prepared bank deposits.
  • Remote Deposit Capture.
  • Bank and credit card reconciliations.
  • Researched and resolved customer claims.
  • Prioritized accounts and workflow to meet management goals.
  • Worked in conjunction with the Credit Manager and assisted the Cash Specialists as necessary to ensure proper application of customer remittances.
  • Prepared and maintained customer account reconciliation schedules.
  • Preparing monthly, quarterly, and yearly reconciliation status reports.
  • Worked closely with other departments to determine the current status of accounts.
  • Prepared accurate weekly and monthly reports within tight deadlines, and assisted with month-end closings.
  • Managed and coordinated a filing system in an orderly manner, by which staff members could retrieve documents without assistance. Helped with company transitions and migrations.
  • Helped with company transitions and migrations

Education

Certificate -

Institute Of Finance & Managment
01-2016

High School Diploma -

Continental Academy
07-2012

Skills

  • Oracle
  • SAP
  • AS400
  • Microsoft Office 2013
  • BOXI
  • Lotus Notes
  • FIS Get Paid
  • Infor IDF Power Link

Certification

  • Certified Java Developer, 06/01/21
  • AWS Certified Solutions Architect, 09/15/22

Timeline

Accounts Receivable Associate

Sirtex Medical, Inc.
01.2023 - Current

Accounts Receivable Analyst

Lantheus Medical Imaging
07.2018 - 01.2023

Account Receivable Specialist

Ametek Aerospace & Defense
09.2017 - 07.2018

Credit Collection Administrator/Cash Application Specialist

Millipore
08.2008 - 02.2016

Certificate -

Institute Of Finance & Managment

High School Diploma -

Continental Academy

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Terry Prak