Accounts Receivable Manager, Contract Oversight
3 weeks ago
The Accounts Receivable (AR) Manager, Contracts is a critical role within the AR department at DuraServ Corp.
This position involves overseeing the contract management process, ensuring compliance with contract terms, and facilitating timely invoicing and payment collection.
The ideal candidate will have a strong understanding of contract terms, billing processes, and revenue recognition principles.
Responsibilities include collaborating with sales, finance, and legal teams to ensure accurate and timely invoicing based on contract terms and billing schedules.
The selected candidate will also verify that invoices are generated correctly and reflect the terms of the contract, coordinate with revenue recognition teams to ensure compliance with accounting standards and regulations.
A key responsibility is working closely with the collections team to ensure timely collection of payments per contract terms.
Additionally, the AR Manager, Contracts will monitor cash receipts and reconcile payments to contract invoices, investigate and resolve discrepancies related to contract billing and payments.
This role requires exceptional customer service and dispute resolution skills, as well as negotiation and conflict resolution abilities.
Key Responsibilities:
- Collaborate with sales, finance, and legal teams to ensure accurate and timely invoicing based on contract terms and billing schedules.
- Verify that invoices are generated correctly and reflect the terms of the contract.
- Coordinate with revenue recognition teams to ensure compliance with accounting standards and regulations.
- Work closely with the collections team to ensure timely collection of payments per contract terms.
- Monitor cash receipts and reconcile payments to contract invoices.
- Investigate and resolve discrepancies related to contract billing and payments.
Requirements:
- Bachelor's degree in Business Administration, Finance, Accounting, or a related field.
- 5+ years of experience as an individual contributor in accounts receivable, with at least 3 years of related supervisory experience.
- Proven experience in managing contracts, invoicing, revenue recognition, and customer relationships.
- Strong understanding of contract terms, billing processes, and revenue recognition principles.
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