AR Manager
Job description
Key Responsibilities:
Lead and Manage the Accounts Receivable Team:
- Supervise a team of accounts receivable clerks and ensure daily operations run smoothly.
- Provide coaching, training, and performance feedback to team members.
- Allocate work efficiently and ensure deadlines are met.
Invoicing and Billing:
- Oversee the preparation and issuance of accurate and timely invoices to clients.
- Ensure billing processes are aligned with company policies and client agreements.
- Manage discrepancies in invoices and resolve any billing issues promptly.
Collections and Cash Flow Management:
- Monitor outstanding accounts and develop strategies to reduce overdue payments.
- Establish and maintain effective relationships with clients to facilitate timely payments.
- Identify and implement process improvements to streamline collections and minimize delinquent accounts.
- Ensure compliance with credit policies and collection guidelines.
Account Reconciliation and Reporting:
- Oversee regular reconciliation of accounts receivable ledgers and bank statements.
- Generate and review accounts receivable aging reports, tracking overdue balances.
- Provide accurate and timely reports to senior management regarding the aging status and cash flow projections.
Compliance and Documentation:
- Ensure compliance with financial regulations and company policies.
- Maintain complete and organized records of all transactions.
- Assist with audits by providing necessary documentation and explanations.
Continuous Process Improvement:
- Identify opportunities for process enhancements to improve efficiency and accuracy in accounts receivable operations.
- Implement automation tools and systems to streamline workflows and improve reporting.
Qualifications:
Education:
- Bachelor’s degree in Accounting, Finance, or a related field (or equivalent experience).
Experience:
- Minimum of 5 years of experience in accounts receivable, with at least 2 years in a supervisory or management role.
- Proven track record in managing teams and optimizing accounts receivable processes.
Skills and Competencies:
- Strong knowledge of accounting principles and financial regulations.
- Excellent organizational skills with the ability to manage multiple tasks and priorities.
- High attention to detail and accuracy.
- Proficient in accounting software (e.g., QuickBooks, SAP, or similar) and Microsoft Office Suite (Excel, Word, etc.).
- Strong communication and interpersonal skills, with the ability to build relationships with internal teams and external clients.
- Ability to analyze data and prepare detailed reports.
Personal Attributes:
- Strong problem-solving skills with a proactive approach.
- Ability to work under pressure and meet deadlines.
- High degree of professionalism and confidentiality.