Accounts Receivable Manager

Job Summary:

The Accounts Receivable Manager is responsible for overseeing and managing the organization's accounts receivable functions. This role involves leading a team, ensuring accurate and timely invoicing, monitoring receivables, and implementing strategies to optimize cash flow.

Supervisory Responsibilities:

• Lead, train, and supervise the accounts receivable team.
• Set performance goals and conduct regular performance evaluations.
• Foster a positive and collaborative work environment.

Duties/Responsibilities:

• Ensure accurate and timely generation of customer invoices.
• Review and verify billing information for accuracy.
• Coordinate with other departments to obtain necessary billing details.
• Evaluate and establish credit limits for customers.
• Monitor credit terms and ensure compliance.
• Review credit applications and make credit decisions.
• Implement effective collections strategies to minimize overdue accounts.
• Contact customers regarding overdue payments and negotiate payment terms.
• Resolve customer billing issues and discrepancies.
• Oversee the application of cash receipts to customer accounts.
• Reconcile discrepancies between bank deposits and receivable records.
• Ensure accurate and up-to-date cash application processes
• Generate regular reports on accounts receivable aging, cash flow, and collections performance.
• Analyze receivable trends and recommend improvements.
• Provide financial reports to management as needed.
• Identify opportunities for process improvement and efficiency.
• Implement best practices for accounts receivable management.
• Collaborate with other departments to streamline billing and collections processes.
• Maintain positive relationships with customers.
• Address customer inquiries and concerns related to billing and payments.
• Work with sales and customer service teams to resolve issues.

Required Skills/Abilities:

• Strong understanding of accounting principles and practices.
• Excellent leadership and team management skills.
• Proficiency in accounting software and Microsoft Excel.
• Detail-oriented with strong analytical and problem-solving skills.
• Effective communication and negotiation abilities.
• NetSuite and Salesforce experience.

Education and Experience:

• Bachelor's degree in Accounting, Finance, or related field.
• 3-5 years of experience in accounts receivable management.