The Accounts Receivable Manager establishes financial status by developing and implementing systems for collecting, analyzing, verifying, and reporting financial information, and managing staff.
Responsibilities
- Achieves accounting operational objectives by contributing accounting information and recommendations to strategic plans and reviews; preparing and completing action plans; implementing production, productivity, quality, and customer-service standards; resolving problems; completing audits; identifying trends; determining system improvements; implementing change.
- Obtains revenue by processing invoices, resolving missed payments, updating financial records, and effectively supervising staff engaged in similar activities
- Meets accounts receivable operational standards by contributing information to strategic plans and reviews; implementing production, productivity, quality, and customer-service standards; resolving problems; identifying system improvements
- Oversee all aspects of Accounts Receivable (A/R), including client billing and collection of current and past-due invoices.
- Conduct weekly meetings with the sales department to review the AR aging report and discuss past-due customers.
- Approve new customers in accordance with company policy. Collects accounts by contacting customers referred by clerks; investigating circumstances of non-payment; negotiating and resolving conflicts; expediting payment.
- Supports financial planning by forecasting cash.
- Updates receivable by coordinating and monitoring daily sales order processing and bank remittance transactions.
- Maintains financial security by adhering to internal accounting controls.
- Maintain accounting ledgers by posting in timely manners AR account transactions.
- Protects organization’s value by keeping confidential information
- Ensure an accurate and timely monthly, quarterly and year end close.
- Ensure the timely reporting of all monthly financial information.
- Ensure the monthly and quarterly Bank Compliance activities are performed in a timely and accurate manner.
- Collaborate with the other finance department staff to support overall department goals and objectives.
- Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
- Responds to inquiries from the Sales Department, Director of Finance, and other accounting managers regarding financial results, special reporting requests.
- Ensure a clean and timely year end audit.
- Assist in the development and implementation of new procedures and features to enhance the workflow of the department.
- Provide training to new and existing staff as needed.
- Handle personnel issues relating to staff conflicts, absenteeism, performance issues, etc.
- Work with each direct report to establish goals and objectives for each year and monitor and advise on the progress to enhance the professional development of staff.
Skills and Qualifications:
- Bachelor’s degree in business administration or finance, MBA preferred.
- Must have a minimum of 8-10 years’ supervisory experience in the accounts receivable area
- Must demonstrate competency in both oral and written communications internally/externally at all levels of employee.
- Must work independently and as a team player to achieve both personal and team goals and meet deadlines as required.
- Must possess strong analytical skills.
- Must display a positive and proactive leadership attitude, strong organizational skills, and always possess the ability to prioritize and multitask.
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