Responsible for all aspects of the global AR function, including but not limited to, supervision of AR staff, maintaining processes for collections, cash applications and timely resolution of discrepancies; communicating effectively with other business partners, particularly Customer Service and Sales. This role manages, develops and implements all related AR processes and related systems.
P osi tion Responsibility:
Formulate, implement and enforce the collection policies and procedures for the company.
Direct and coordinate activities of the accounts receivable staff to insure prompt collections, cash applications, timely resolution of discrepancies and that our collection procedures are followed in accordance with our policies.
Maintain effective liaison role between international and domestic third party service provider used for invoicing and/or collection services.
Recommend and implement changes on policies and procedures related to AR and coordinate with internal audit department updating SOX documents.
Manage credit card, ACH, EDI and any other required invoicing and collection methods as required.
Perform periodic reviews of AR to insure SOX compliancy throughout the year and assist with financial audits as required
Regular review of customer accounts to insure continued collections efforts and identifying potential bad debt to minimize risk and loss to company.
Manage letters or credits required for international sales as required.
Provide reporting and analytics on AR and cash collection as required
.Reconcile monthly AR to insure all invoices are billed, payments are cleared appropriately, variances are resolved and gain/loss on FX is recorded.
Review monthly credit memos processed.
Calculate reserve on allowance for doubtful accounts and prepare monthly accrual.
Review and approve monthly AR related reconcilements.
AR adjustment J/E’s as necessary.
File claims with courts on any customer bankruptcy proceedings.
Present monthly/quarterly uncollectible accounts to supervisor for potential write off.
Manage credit policy to include credit background checks (D&B reporting) on new accounts and credit line increases on existing accounts.
Maintain process for managing new and existing customer credit management.
Must be able to travel as business needs demand.
Other duties as assigned by management.
Must be proficient in MS Office products, particularly Excel, Outlook, and Word
Must have excellent attention to detail
Must have excellent communication skills, verbal and written
Demonstrated ability to work cross-functionally in a team environment
Bachelor’s degree in Business or Accounting/Finance required.
Advanced education preferred.
5 -7 years of demonstrated experience in Accounting/Finance related role.
At least 3 years prior experience supervising others.
Oracle, SAP or similar ERP system experience required.