Intern – Accounts Receivable & Collections

Summary

Labcorp is a global laboratory services company that provides healthcare, research, and diagnostic solutions. The Accounts Receivable & Collections Intern will support the Revenue Cycle Management team by monitoring payments, reviewing aging reports, preparing financial adjustments, following up on outstanding balances, maintaining collection records, and assisting with reconciliations and ERP-related cleanup.

Responsibilities

• Monitor on-account cash application postings and duplicate payments to ensure items are addressed timely
• Review aging reports to identify billing corrections resulting in credits and rebills
• Prepare Excel documents to offset duplicate payments and billing credits and debits
• Follow up on outstanding amounts to support reduced DSO and improved past-due A/R aging
• Assist with monthly account status narratives related to significant collection issues
• Maintain client aging reports and collection status information with a high level of confidentiality
• Participate in client and internal conference calls as applicable
• Assign ServiceNow tickets to appropriate collectors and follow up on open or breached tickets
• Assist with A/R subledger reconciliation and clean-up efforts related to ERP implementation

Skills

• Current enrollment in a Bachelor's degree program
• Working towards a degree in **Finance, Business, Accounting, or a related field
• Proficiency in Microsoft Excel and Word
• Strong verbal and written communication skills
• Strong planning, organizational, and problem-solving skills
• Strong attention to detail and ability to be persistent while maintaining tact
• Ability to manage multiple priorities effectively
• Ability to work in a high-volume, fast-paced team environment and meet deadlines
• This position is not eligible for visa sponsorship now or in the future
• Experience with PeopleSoft or another large ERP system is preferred
• Preferred candidates are rising juniors and seniors (December 2027 through June 2029 graduation) who are currently enrolled in a relevant degree program; however, all current students pursuing related studies are encouraged to apply
• Prior experience in a business environment is a plus but not required

Qualifications

Must Haves

• Current enrollment in a Bachelor's degree program
• Working towards a degree in **Finance, Business, Accounting, or a related field
• Proficiency in Microsoft Excel and Word
• Strong verbal and written communication skills
• Strong planning, organizational, and problem-solving skills
• Strong attention to detail and ability to be persistent while maintaining tact
• Ability to manage multiple priorities effectively
• Ability to work in a high-volume, fast-paced team environment and meet deadlines
• This position is not eligible for visa sponsorship now or in the future

Nice to Haves

• Experience with PeopleSoft or another large ERP system is preferred
• Preferred candidates are rising juniors and seniors (December 2027 through June 2029 graduation) who are currently enrolled in a relevant degree program; however, all current students pursuing related studies are encouraged to apply
• Prior experience in a business environment is a plus but not required

Benefits

• Work remotely or hybrid, located in Durham, NC
• Enterprise-wide learning experiences that introduce you to key business functions across Labcorp
• Leadership exposure and visibility, including direct interaction with senior leaders
• An immersive, in-person intern event designed to connect you with peers and deepen your understanding of our mission
• Senior leader speaker sessions offering insights into strategy, innovation, and career growth
• Continuous opportunities to connect and grow, from intern cohort communication channels and LinkedIn Learning resources to professional development sessions and storytelling opportunities that highlight your internship journey
• Connection to Labcorp’s inclusive culture through engagement with our employee resource groups (ERGs) and values-driven community initiatives
• Dedicated mentoring connections to guide your growth, provide career advice, and support your internship journey
• Paid internship
• Relocation assistance available for qualified candidates
• Intern and Temporary employees are eligible to participate in the 401(k) Plan