AR Manager Job Summary:
As an Accounts Receivable Manager, you will be responsible for overseeing the entire accounts receivable process within the organization. This includes managing invoicing, collections, credit evaluations, and customer communications. Your role will be pivotal in ensuring timely payments from clients and maintaining strong relationships with customers. Additionally, you will collaborate with internal teams to streamline processes and improve efficiency in the accounts receivable department.
Perks of the AR Manager role:
- Competitive Compensation Package: We offer a competitive salary and benefits package, including health insurance, retirement plans, and performance-based bonuses.
- Hybrid Work Schedule: We understand the importance of work-life balance and offer flexible work arrangements, including hybrid work schedule and flexible hours, to accommodate personal commitments and preferences.
- Employee Wellness Program: We prioritize the well-being of our employees and offer wellness programs that include gym memberships, wellness workshops, and access to mental health resources to support your physical and mental health.
- Social Events and Team Building Activities: We believe in fostering a positive and collaborative work environment. We organize regular social events, team building activities, and volunteer opportunities to encourage team bonding and camaraderie.
- Modern Office Space: Our office provides a modern and comfortable work environment equipped with state-of-the-art technology and amenities to support your productivity and well-being.
- Career Advancement Opportunities: We believe in promoting from within and offer career advancement opportunities for high-performing employees. Whether you aspire to take on leadership roles or explore different areas within the company, we support your career growth aspirations.
AR Manager Responsibilities:
- Oversee Accounts Receivable Operations: Manage the end-to-end accounts receivable process, including invoicing, billing, collections, and cash application.
- Credit Management: Evaluate creditworthiness of new customers and establish credit limits. Monitor credit risks and implement strategies to minimize bad debt exposure.
- Collections Management: Develop and implement collection strategies to ensure timely payment of outstanding invoices. Contact clients regarding overdue payments and negotiate payment plans when necessary.
- Invoice Processing: Supervise the accurate and timely generation of invoices. Review invoices for accuracy and completeness before sending them to clients.
- Cash Application: Ensure accurate and timely posting of payments received from customers. Reconcile payments with invoices and resolve any discrepancies.
- Reporting and Analysis: Prepare regular reports on accounts receivable aging, collection efforts, and cash flow projections. Analyze trends and metrics to identify areas for improvement.
- Process Improvement: Continuously evaluate accounts receivable processes and implement improvements to enhance efficiency and effectiveness. Collaborate with cross-functional teams to streamline workflows and reduce manual efforts.
- Compliance: Ensure compliance with company policies and procedures as well as relevant regulations (e.g., GAAP, SOX) in all accounts receivable activities.
- Team Leadership: Provide leadership and guidance to accounts receivable staff. Set performance goals, conduct performance reviews, and facilitate professional development opportunities.
AR Manager Preferences:
- Bachelor's Degree but Not Require
- Excellent communication and interpersonal skills.
- Proficiency in Microsoft Excel and accounting software (, SAP).
- Ability to analyze data and generate actionable insights.
- Demonstrated leadership abilities and team management skills.
- Detail-oriented with strong organizational and time management abilities.
- Ability to work effectively in a fast-paced environment and prioritize tasks efficiently.