Job Description
Accounts Receivable Manager
SUMMARY
The Accounts Receivable Manager manages the day-to-day accounts receivable functions, including all aspects of collections, cash posting, and customer communication related to invoicing and collections, as well as reduction of accounts receivable delinquency. This position is responsible for overseeing the department’s accounts receivable staff members.
RESPONSIBILITIES
Responsible for supervision of the accounts receivable team to ensure daily tasks and workflow is occurring as expected.
Responsible for reviewing daily collections to ensure payments are posted to the correct customer accounts and daily deposits are properly accounted for in total.
Responsible for ensuring dunning letters are sent out in a timely manner in accordance with established timelines.
Responsible for oversight of escalating collection efforts for delinquent customers in accordance with company procedures.
Coordinates with other departments as needed as it relates to collections. Specifically works with Relationship Managers and Director of Operations when escalation calls for their involvement.
Prepares and analyzes information by developing spreadsheet reports as needed.
Assist with process and systems improvements, including design and implementation of key controls over collections, cash posting, customer communication, and other accounts receivable functions.
Review AR Aging reports and past due activity and ensure escalation procedures are performed as needed.
Oversight of AR team in performance of day-to-day financial transactions, including verifying, classifying, computing, posting and recording accounts receivable data.
Ensures files and documentation are maintained thoroughly and accurately, in accordance with company policy and accepted accounting practices.
Assist with the set-up of new clients in the financial system. This includes coordinating required paperwork.
Oversees or performs research and problem solving of customer payment discrepancies.
Oversees staff interaction with clients, sales teams, internal management and peers verbally and written.
Provides daily, weekly, monthly and other Accounts Receivable reports as directed.
Advise Controller on uncollectible issues.
Assist with month-end closing procedures related to accounts receivables.
Performs all other job duties as assigned by the Controller and management.
REQUIRED EDUCATION, EXPERIENCE AND SKILLS
Bachelor’s degree in accounting or equivalent combination of education, experience and training that provide the required skills and abilities.
5-7 years of progressive accounts receivable and collections experience
2-3 years’ experience managing employees in an accounts receivable function including teams of 10 or more
General accounting experience preferred
Proficient in Microsoft Office and Advanced Skill Level in Excel
Salesforce experience preferred.
Experience with NetSuite ERP Software preferred
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Job Tags
Daily paid,