Accounts Receivable Manager at Creative Financial Staffing
Carmel Hamlet, NY 10512
About the Job
Accounts Receivable Manager
About the company:
- Company has been in business for over 40 years.
- Has expanded to include multiple entities.
- Opportunity to grow with the organization as they expand and take on more responsibilities.
- Exciting time for the organization with a management team committed to creating a flourishing environment.
- Competitive compensation & benefits package!
- Hybrid schedule after the training period.
Responsibilities:
- Manage the accounts receivable process, including invoicing, payment collections, and reconciliations.
- Supervise and guide the accounts receivable team, including setting performance goals, conducting regular performance evaluations, and promoting professional development.
- Develop and implement effective credit and collection policies (Improve DSO) and procedures to minimize delinquencies and improve cash flow.
- Oversee the accurate and timely application of incoming payments to customer accounts.
- Reconcile discrepancies and work with the finance team to resolve payment-related issues.
- Review and analyze customer credit applications and conduct credit checks to assess creditworthiness and determine appropriate credit limits.
- Monitor aging reports and follow up on overdue accounts to ensure timely payment collections.
- Resolve customer billing issues and disputes, working closely with the sales and customer service teams to address concerns and find appropriate resolutions.
- Collaborate with the finance and accounting teams to ensure accurate recording and reporting of accounts receivable transactions.
- Prepare regular reports and analyses on accounts receivable activities, including collection performance, aging reports, and insufficient debt reserves.
- Establish and maintain strong customer relationships, responding to inquiries and providing exceptional customer service.
- Stay up to date with best practices and regulatory requirements for accounts receivable management.
- Work closely with the Sales, Account Management, Business Development, and Finance departments to address customer queries/concerns and improve cash flow.
- Set performance goals and conduct regular performance reviews to ensure team effectiveness.
- Foster a collaborative and positive work environment within the AR department.
Desired qualifications:
- Bachelor's degree in accounting, Finance, or a related field.
- Proven experience in accounts receivable management, preferably in a supervisory or managerial role.
- Proficiency in using accounting software, preferably SAP S4 Hana and Microsoft Office Suite.