What are the responsibilities and job description for the AR Manager position at Maximus Partners, LLC?
Key Responsibilities
- Supervise and lead the Cash Collections Clerk and Cash Application Clerk, providing guidance, support, and performance feedback.
- Monitor the AR aging report and ensure timely collection of outstanding invoices to maintain optimal cash flow.
- Develop and implement AR policies and procedures to improve the efficiency and accuracy of cash application and collections.
- Ensure the reconciliation of customer payments, investigating and resolving any discrepancies or unapplied cash.
- Collaborate with internal teams, including sales and operations, to resolve payment issues and disputes.
- Prepare and analyze AR and cash flow reports, providing insights and recommendations to senior management.
- Oversee month-end, quarter-end, and year-end AR close processes, ensuring accurate financial reporting.
- Maintain relationships with key customers to ensure smooth collections and resolve escalated issues.
- Support audits by preparing and reviewing necessary documentation related to AR and cash applications.
Key Competencies/Skills/Abilities
- Strong leadership and management skills with experience overseeing AR and cash operations.
- Proficiency in NetSuite or similar ERP systems, with in-depth knowledge of AR processes, collections, and cash applications.
- Excellent analytical skills to interpret AR aging, cash flow trends, and provide actionable insights.
- Strong problem-solving abilities to address complex payment discrepancies and customer issues.
- Exceptional communication and interpersonal skills for managing teams and collaborating with both internal stakeholders and external customers.
- Detail-oriented with strong organizational skills to manage multiple tasks and priorities.
- Ability to develop and implement process improvements that enhance AR and cash management efficiency.
- Strong understanding of accounting principles and internal controls related to the AR function.
- Ability to work under pressure, especially during financial close periods, while maintaining accuracy and meeting deadlines.
