Accounts Receivable and Credit Manager

4 weeks ago


Chicago, Illinois, United States Affinity Executive Search Full time

Job Title: Accounts Receivable and Credit Manager


The Accounts Receivable and Credit Manager is responsible for maintaining accuracy in all areas of the receivables function. This individual is responsible for monitoring credit risk, overseeing the processing of incoming payments and deductions, and ensuring a current AR aging.


Key Responsibilities:

  • Establish and maintain credit policies and procedures, and own the credit evaluation process, including placing customers on hold as necessary when limits are exceeded.
  • Ensure customers are legitimate and financially viable.
  • Manage and monitor accounts receivable to ensure prompt collection and compliance with company and state standards, including unclaimed property reporting.
  • Ensure accurate processing and posting of incoming payments and deductions.
  • Ensure customer deductions are resolved in partnership with the sales, customer service, and operations teams.
  • Approve cash batches daily to ensure all payments received are applied.
  • Review and scrutinize data to verify any discrepancies within the system.
  • Prepare ad-hoc reports and analyses to various levels of management.
  • Manage a team of cash application, collection, and deduction associates, including the ongoing development of such individuals.
  • Serve as the subject matter expert in AR, Credit, Collections, and Deduction processing.


Requirements:

  • BS degree in Finance, Accounting, or Business Administration.
  • Experience as an accounts receivable manager, and/or accountant with proven success in that role.
  • Reliable, solid understanding of industry standards including basic accounting principles, fair credit practices, and collection rules and regulations.
  • Meticulously accurate abilities to calculate, post, and manage necessary accounting figures and financial records.
  • Exceptional critical thinking skills and aptitude for working with numbers.
  • Collaborative and communicative leader that thrives working in a team-oriented environment.
  • Significant, first-hand experience operating spreadsheets and accounting software.
  • Excellent English language skills, both written and verbal.
  • Proficiency in MS Office.
  • Well-versed in customer service, escalation, and negotiation skills.
  • Highly detail-oriented thinking and proven accuracy.
  • Ability to problem solve, set priorities, and work collaboratively toward issue resolution.
  • Must be able to communicate effectively across functions, build trust, and exercise judgment.


About the Opportunity:

This is an excellent opportunity to join a recognizable brand with deep pockets and a forward-thinking approach to future acquisitions.



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