What are the responsibilities and job description for the Director of Accounts Receivable position at Marsh & McLennan Companies, Inc.?
Company: Marsh McLennan Agency is an award-winning, inclusive and Top Workplace culture that drives purposeful work and meaningful impact every day. With over 11,000 talented individuals, we deliver business insurance, employee health & benefits, retirement and private client insurance solutions to organizations and individuals.
We are seeking a Director of Account Receivables at McGriff Insurance, a division of Marsh McLennan Agency (MMA), to lead our fiduciary accounts receivable team.
The ideal candidate will have a bachelor's degree or equivalent education and related training, with 7 years of experience in insurance or accounts receivables. They will also possess strong negotiation and communication skills, as well as the ability to identify and implement process improvements to streamline accounts receivable functions.
Key Responsibilities:
We are seeking a Director of Account Receivables at McGriff Insurance, a division of Marsh McLennan Agency (MMA), to lead our fiduciary accounts receivable team.
The ideal candidate will have a bachelor's degree or equivalent education and related training, with 7 years of experience in insurance or accounts receivables. They will also possess strong negotiation and communication skills, as well as the ability to identify and implement process improvements to streamline accounts receivable functions.
Key Responsibilities:
- Manage and supervise the fiduciary accounts receivable team.
- Review and work with line of business on the invoicing process to ensure accuracy and timeliness.
- Monitor accounts receivable aging reports and implement effective collection strategies.
- Ensure fiduciary GL accounts are reconciled timely and discrepancies are corrected within corporate deadlines.
- Develop and maintain policies and procedures for the accounts receivable function.
- Reconcile accounts and resolve discrepancies in a timely manner.
- Coordinate with the sales and customer service teams to address customer billing issues and disputes.
- Prepare and present regular accounts receivable reports to senior management.
- Implement and optimize accounts receivable software and systems.
- Ensure compliance with relevant accounting standards and regulations.
- Identify opportunities for process improvements and implement best practices.
- Understanding of revenue recognition principles according to relevant accounting standards.
- Experience in creating and managing budgets and forecasting receivables.
- Strong negotiation and communication skills.
- Ability to identify and implement process improvements to streamline accounts receivable functions.
- Proficiency in analyzing data to identify trends and opportunities for improvement.
- Understanding of relevant accounts receivable software and technology.
- Excellent leadership skills to motivate, coach, and develop a high-performing accounts receivable team.
