Accounts Receivable Senior Manager

2 weeks ago


Rockville, Maryland, United States Andrews & Cole, LLC Full time

Position Overview: The Accounts Receivable Senior Manager at Andrews & Cole, LLC is responsible for the comprehensive management of the Accounts Receivable (AR) operations, including oversight of billing activities conducted in offshore locations. This role emphasizes enhancing operational efficiencies, resolving issues, and ensuring streamlined billing, cash applications, collections, and dispute management, particularly in relation to government contracts and commercial project accounting.

Key Responsibilities:

  • Oversee the entire accounts receivable process, including invoicing, collections, and cash application activities.
  • Work closely with project teams to ensure accurate billing in accordance with project accounting standards.
  • Review and analyze project contracts, milestones, and billing timelines to synchronize billing with project deliverables.
  • Identify and implement improvements to the AR process, focusing on workflow optimization, automation, and efficiency enhancements.
  • Lead by example in daily AR functions, ensuring prompt and precise invoicing and collections.
  • Manage the resolution of customer disputes, collaborating with various teams to address issues effectively.
  • Ensure accurate setup and maintenance of customer accounts.
  • Record customer payments accurately and manage unapplied cash to optimize cash flow and working capital.
  • Develop and execute effective collection strategies to minimize accounts receivable delinquencies.
  • Ensure compliance with company policies, internal controls, and relevant regulations regarding accounts receivable.
  • Provide regular analysis and reporting of AR metrics, including aging reports and cash flow forecasts.
  • Collaborate with finance and operational teams to enhance AR-related processes and communication.
  • Mentor and manage the offshore AR team, offering guidance and professional development opportunities.

Qualifications:

  • Bachelor's degree in Accounting, Finance, Business, or a related discipline is highly preferred.
  • 7-10 years of pertinent experience in accounts receivable management, with a preference for those who have managed offshore teams.
  • Experience in a Federal Government Contracting environment is essential.
  • Strong grasp of AR principles, internal controls, and compliance mandates.
  • Familiarity with Deltek Costpoint and Time & Expense systems is advantageous.
  • Demonstrated success in driving process enhancements and implementing AR best practices.
  • Excellent organizational, time management, and analytical capabilities.
  • Hands-on experience with AR systems and ERP platforms.
  • Outstanding communication and interpersonal skills.
  • Strong problem-solving abilities to tackle AR-related challenges effectively.
  • Proven leadership skills with a focus on teamwork and collaboration.


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