Accounts Receivable Manager job description

An Accounts Receivable Manager oversees the entire accounts receivable function, ensuring accurate and timely invoicing, payment collection, and customer account reconciliation. This role is critical for maintaining healthy cash flow, minimizing bad debt, and supporting the financial stability of the organization.

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What is a Accounts Receivable Manager?

An Accounts Receivable Manager is a financial professional responsible for leading the accounts receivable department within an organization. They manage the process of tracking and collecting payments owed to the company by its customers. This position requires strong leadership skills, deep knowledge of accounting principles, and expertise in credit and collections practices. The manager ensures that all receivables are properly recorded, monitored, and collected in accordance with company policies and accounting standards.

What does a Accounts Receivable Manager do?

An Accounts Receivable Manager performs several key functions: They develop and implement effective accounts receivable strategies and procedures to optimize cash flow. They lead and supervise the accounts receivable team, providing training and guidance to ensure high performance. They monitor customer accounts for overdue payments and implement collection processes when necessary. They generate regular aging reports and analyze accounts receivable metrics to identify trends and potential issues. They collaborate with other departments, particularly sales and customer service, to resolve billing disputes and maintain positive customer relationships while ensuring timely payments. They also establish credit policies and evaluate customer creditworthiness to minimize financial risk.

Job Overview

We are seeking an experienced Accounts Receivable Manager to oversee our entire accounts receivable function. This role requires a strategic leader who can optimize cash flow, reduce outstanding receivables, and implement efficient collection processes. The ideal candidate will manage a team of AR specialists while collaborating with sales, customer service, and finance departments to ensure accurate billing and timely payments.

Accounts Receivable Manager responsibilities include:

1. Manage and mentor a team of accounts receivable specialists 2. Develop and implement effective collection strategies to reduce DSO (Days Sales Outstanding) 3. Oversee customer credit evaluations and establish credit limits 4. Monitor aging reports and prioritize collection efforts 5. Resolve complex billing disputes and payment discrepancies 6. Implement and maintain AR automation tools and ERP systems 7. Prepare monthly cash flow forecasts and AR performance metrics 8. Establish and maintain relationships with key customers' finance departments 9. Ensure compliance with GAAP and internal accounting policies 10. Coordinate with external auditors during quarterly and annual reviews
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Must-Have Requirements

1. Bachelor's degree in Accounting, Finance, or related field 2. 7+ years of progressive accounts receivable experience 3. 3+ years managing an AR team in a corporate environment 4. Expert knowledge of US GAAP accounting principles 5. Proficiency with major ERP systems (Oracle, SAP, or NetSuite) 6. Demonstrated success reducing DSO and improving cash flow 7. Strong analytical skills with advanced Excel proficiency 8. Experience with automated payment processing systems 9. Excellent communication and negotiation skills 10. Thorough understanding of credit risk assessment methodologies

Preferred Qualifications

1. CPA or CMA certification 2. Experience in manufacturing or distribution industries 3. Master's degree in Business Administration or Finance 4. Experience with international accounts receivable management 5. Background in implementing AR automation solutions 6. Knowledge of SOX compliance requirements 7. Experience with large enterprise customer portfolios ($50M+) 8. Familiarity with bankruptcy proceedings and legal collection processes 9. Bilingual capabilities (Spanish preferred) 10. Experience in public accounting with AR focus

Bonus Skills

1. Certified Credit Executive (CCE) designation 2. Experience with AI-powered collection software 3. Proficiency in data visualization tools (Tableau, Power BI) 4. Background in Six Sigma or process improvement methodologies 5. Knowledge of international payment regulations and currencies 6. Experience with complex revenue recognition standards 7. Background in fintech or payment technology solutions 8. Established relationships with major US banking institutions 9. Experience managing AR through mergers and acquisitions 10. Proficiency in SQL for advanced data analysis

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