Accounts Receivable Manager

4 weeks ago


Mount Vernon, United States Creative Financial Staffing Full time

About the Company & Opportunity:

  • This is an Accounts Receivable Manager role with an extremely well established and growing management firm with over 200 locations nationwide
  • Welcoming & inclusive workplace
  • Employees say things like "great coworkers," "Company culture focuses around personal and professional growth"
  • Ability to grow from within, extremely low turnover within the company
Responsibilities:
  • Manage day-to-day operations of the AR department; create, implement, and maintain policies, procedures, and controls
  • Manage and streamline billing and collection process and cash application functions for the company.
  • Manage the monthly AR close process including reconciliation of AR sub-ledger to GL and preparation of AR month end schedules, revenue reporting and reconciliation to GL and metrics used for internal reporting.
  • Daily review of collection reports to ascertain status of collections and balances outstanding and reduce collection cycle times (DSO) where possible.
  • Monitor aging balances and recommend write offs.
  • Work closely with Division heads and sales to ensure collection guidelines are adhered to and issues quickly resolved.
  • Actively monitor and work with internal departments to resolve all outstanding Accounts Receivable claims and chargebacks.
  • Responsible for review and maintenance of customer database.
  • Establishes and maintains credit limits on all new and current customer accounts.
  • Reviews with management credit worthiness decisions on marginal credit approvals and slow paying accounts. Special projects and tasks as directed.
  • Collects all revenues due to the company by tracking and following up outstanding payments.
  • Identifies and mitigates risk by conducting credit checks on new and prospective customers and tenants.
  • Ensures clients pay on time and collect past-due date payments by implementing the accounts receivable policy.
  • Ensures payments are made accurately by monitoring the billing processes.
  • Assists executives in determining the company's financial health by creating forecasting reports on a monthly, quarterly, yearly, and ad hoc basis.
  • Helps the Finance team understand what to expect regarding cash inflows from clients by creating monthly payment collection feedback reports.
  • Monitors cash inflows by tracking invoices, deposits, and any payment collection correspondence.
  • Manages the accounts receivable process by tracking the invoicing of customers, tracking payments, and following up on overdue accounts.
  • Identify areas for process improvement and implement changes to increase efficiency and accuracy.
  • Reconcile customer statements and transactions.
Desired Qualifications:
  • Bachelor's degree from four-year College or University and five years related work experience.
  • Thorough understanding of accounts receivable.
  • ERP system experience.
  • Managerial experience is preferred.
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