Remote Account Receivables Manager

Summary

The job description is for an Accounts Receivable Manager in the finance team of a company. The role involves overseeing all accounts receivable functions and improving cash flow.

Requirements

• Bachelor’s degree – Business or Accounting preferred, but can be a combination of education and experience
• 3-5 years of related AR experience, with increased responsibilities over time
• 2-3 years of supervisory experience
• Experience with ASC 606 revenue recognition a plus

Responsibilities

• Manage daily operations of the AR department
• Create, implement and maintain policies, procedures, and controls
• Streamline billing and collection process and cash application functions for the company
• Monitor, track and enforce department policies, procedures, and goals while identifying inefficiencies and propose, develop, and document new concepts and procedures
• Manage the monthly AR close process including reconciliation of AR sub ledger to GL and preparation of AR month end schedules, revenue reporting and reconciliation to GL and metrics used for internal reporting
• Ownership of collections accounts; ensure timely payments of client credit accounts
• Establish goals and targets for the collection of payments
• Prepare monthly feedback reports on the collection of payments
• Track and monitor client credit accounts ensuring terms and credit limits are maintained
• Coordinate with external collections agency on problem accounts
• Audit delinquent accounts considered uncollectible to ensure maximum efforts have been taken before assigning bad debt status to account
• Oversee the billing process and ensure accurate and timely invoicing of clients
• Manage a team of one AP clerk and provide leadership and support as needed
• Collaborate with other departments, such as sales and operations, to ensure smooth and efficient billing operations
• Respond to billing inquiries and resolve billing issues as needed
• Prepare and present billing reports to senior management
• Reconcile and maintain accurate records of customer accounts
• Prepare and submit customer statements
• Approve, document, and track client sales tax exemptions