Job Description

Job Description

Job Description

Description:

We are seeking an organized and results-driven Accounts Receivable Manager to oversee and manage the accounts receivable department, ensuring timely and accurate collection of outstanding invoices and managing customer relationships. The ideal candidate will have strong analytical skills and experience with financial software.

Duties/Responsibilities:

• Lead and manage the accounts receivable team, providing guidance, support, and training as needed.
• Oversee the daily operations of the accounts receivable process, ensuring the accurate and timely posting of payments and applying cash receipts to the correct customer accounts.
• Lead and manage collections processes to ensure the timely and effective recovery of outstanding debts; develop and implement collection strategies to maximize recovery rates and minimize bad debt losses.
• Manage and maintain an up-to-date aging report, ensuring that all overdue invoices are addressed promptly.
• Develop and implement effective strategies for improving cash flow and reducing outstanding receivables.
• Monitor and enforce credit policies and procedures to minimize risk and maximize collections.
• Collaborate with the sales and customer service teams to resolve billing issues and discrepancies.
• Review customer accounts to assess creditworthiness and recommend appropriate credit limits.
• Prepare and present regular reports on accounts receivable status, aging, and cash flow projections to senior management.
• Ensure compliance with company policies and relevant legal regulations related to invoicing and collections.
• Handle escalated customer inquiries and disputes regarding outstanding balances, ensuring resolutions in a timely and professional manner.
• Oversee relationships with third-party collections agencies, ensuring optimal performance and compliance.
• Manage the bankruptcy process, ensuring adherence to regulations and efficiency.
• Investigate credit risk in customers and suppliers, advising on credit applications and risk mitigation strategies.
• Assist with the year-end audit process and other financial reporting as required.

Required Skills/Abilities:

• Excellent organizational skills, attention to detail, and the ability to manage multiple priorities.
• Strong communication skills with the ability to collaborate effectively with cross-functional teams.
• Ability to lead and motivate a team in a fast-paced environment.
• Proficiency with accounting software (e.g., QuickBooks, SAP, Oracle) and Microsoft Office Suite (Excel, Word, Outlook).
• Problem-solving skills and the ability to handle complex customer and account issues professionally.
• Experience with billing and collections in a specific industry (e.g., healthcare, retail, manufacturing).
• Knowledge of ERP systems and data analysis tools.
• Certification in accounts receivable or credit management (e.g., Credit Business Associate - CBA).

Education and Experience:

• Bachelor’s degree in Accounting, Finance, or related field required.
• 3-5 years of experience required.
• Previous leadership experience preferred.

Physical Requirements:

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.

Salary Range: $65,000-$75,000

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