Accounts Receivable Manager

2 days ago

Stamford, Connecticut, United States FoodPrep Solutions Full time

Job Title:
Manager, Accounts Receivable

Location:
Stamford, CT

Reports To:
Chief Financial Officer

Position Overview:

We are seeking an experienced, analytical and results oriented
Accounts Receivable
Manager
to lead the Company's accounts receivable management function. This role will oversee all aspects of credit, collections, and cash application. The ideal candidate is process-oriented, analytical and eager to drive improvements in the cash conversion cycle through effective use of technology and team management as Food Prep continues to scale nationally.

Key Responsibilities:

·      Oversee and manage the Company's full accounts receivable function

·      Lead, manage, and develop the Accounts Receivable team by setting clear performance goals and development expectations

·      Develop processes to keep the Company's DSO to as low as possible (Initial target: 45 days) and address past due receivables in a timely manner

·      Maintain clean AR aging reports by minimizing unapplied credits and debits

·      Oversee the cash application process to ensure timely and accurate application (cash should be properly applied within 24-48 hours of receipt)

·      Manage lockbox operations (ACH, checks), credit card, and cash collections

·      Effectively use third party payment platforms to improve cash collections and manage receivables. Oversee training and utilization of tools effectively across the AR team

·      Work closely with the Operations team to ensure collections efforts are consistent and clear

·      Manage daily operations and perform hands-on collections and cash application tasks, as needed

Qualifications:

·      Minimum 5-10 years of experience managing Accounts Receivable with a preference for high volume invoice environments

·      Excellent communication and interpersonal skills to work effectively with internal teams and external customers

·      Must be familiar with third party payment platforms and able to leverage the platforms to drive improvements in the cash conversion cycle (i.e. Versapay)

·      Must be a self-starter and be able to work independently

·      Demonstrated ability to develop and train team members

·      Strong analytical and reporting skills

·      Sense of urgency

·      Ability to problem-solve and implement solutions

This is a high-impact role for a proactive leader who thrives in a fast-paced, growth-oriented environment. If you're passionate about optimizing receivables and building scalable processes, we'd love to hear from you.

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