
Finance Manager, Accounts Receivable
2 days ago
Job Title: Finance Manager, Accounts Receivable (AR) Collection
Job Overview:
We are seeking a highly experienced Manager of Accounts Receivable Collection to lead and oversee our AR department with a focus on aggressive and effective collection strategies. The ideal candidate will have a minimum of 10 years of hands-on experience in hardcore AR collection, driving cash flow optimization, minimizing days sales outstanding (DSO), and managing complex collection challenges within fast-paced environments.
Key Responsibilities:
- Lead and manage the entire accounts receivable collection team, setting performance standards and driving collection efficiency.
- Monitor and analyze aging reports, prioritize overdue accounts, and devise tailored collection strategies for high-risk and complex accounts.
- Establish and enforce aggressive collection protocols and KPIs aligned with corporate cash flow and credit policies.
- Collaborate with sales, customer service, and finance teams to resolve billing disputes, payment delays, and customer disputes swiftly.
- Manage escalation procedures for delinquent accounts, including legal actions and external collection agency coordination.
- Develop and implement continuous process improvements to optimize AR collection workflows and reduce write-offs.
- Provide leadership in collection negotiations, securing payments while maintaining strong customer relationships.
- Prepare and present comprehensive collection activity and aging reports to senior management regularly.
- Ensure compliance with all applicable regulations governing collections and credit management.
- Mentor, train, and develop the AR collection team to enhance their skills and improve overall team productivity.
- Drive initiatives to reduce DSO and improve cash flow forecasting accuracy.
Qualifications:
- Minimum 10 years of extensive experience in accounts receivable collection, preferably in high-volume, complex credit environments.
- Proven track record of managing and leading AR collection teams successfully.
- Deep knowledge of accounting principles related to receivables and collections.
- Exceptional negotiation, problem-solving, and interpersonal communication skills.
- Strong leadership abilities, with experience driving team performance and process improvement.
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field preferred. Advanced degree or certifications are a plus.
- Sound understanding of legal aspects of collections and experience coordinating legal recovery processes is beneficial.
- Ability to analyze financial data and credit risk to develop collection strategies.
- High level of integrity and professionalism in handling sensitive financial information.
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