Manager - Accounts Receivable

Accounts Receivable Manager

Responsibilities:

Team Leadership & Development:

- Lead and manage a team of Accounts Receivable Specialists, fostering a collaborative and high-performing work environment.

- Provide coaching and mentorship to team members, helping them develop their technical skills and knowledge of collection procedures.

- Delegate tasks effectively, ensuring accountability and ownership within the team.

- Conduct performance reviews and identify opportunities for professional growth.

Credit Control & Collections:

- Develop and implement effective collection strategies to maximize timely collection of outstanding invoices.

- Manage the entire credit control process, from pre-collection activities to late-stage delinquency management.

- Oversee the aging of accounts receivable and prioritize collection efforts based on risk and impact.

- Negotiate payment terms and resolve disputes with customers in a professional and courteous manner.

- Implement strategies to improve customer payment behavior and minimize bad debt.

Process Improvement & Efficiency:

- Continuously evaluate and improve accounts receivable processes to enhance efficiency and effectiveness.

- Analyze payment trends and identify areas for improvement in the collection cycle.

- Implement new technologies and automation tools to streamline the accounts receivable function.

Financial Reporting & Analysis:

- Prepare accurate and timely reports on accounts receivable performance, including aging reports, bad debt reserves, and collection ratios.

- Monitor key metrics and trends to identify potential cash flow risks and opportunities.

- Provide financial data and insights to support management decision-making.

Risk Management & Compliance:

- Implement and maintain internal controls to safeguard against fraud and unauthorized collections activity.

- Ensure adherence to all relevant accounting regulations and best practices for accounts receivable management.

Qualifications:

- Bachelor's/Master's degree in Accounting, Finance, or a related field (MBA preferred).

- Minimum of [5-7 years] of experience in accounts receivable management with a proven track record of success in improving collection efficiency (adjust experience based on your company's needs).

- Solid understanding of accounting principles (e. g. , GAAP, IFRS) and credit control procedures.

- Strong analytical and problem-solving skills with the ability to identify and address collection challenges.

- Excellent communication, interpersonal, and negotiation skills with the ability to build strong relationships with customers.

- Leadership experience in managing and motivating a team (a plus).

- Proficient in accounting software (e. g. , SAP, Oracle) and Microsoft Office Suite (Word, Excel).