Accounts Receivable Manager manages accounts receivable functions to ensure compliance with internal controls and accounting policies. Oversees collection activities such as sending follow-up inquiries, negotiating with past-due accounts, and keeping track of cash receipts. Being an Accounts Receivable Manager monitors account aging reports, identifies delinquent accounts, and refers accounts to collection agencies. Develops and implements controls and policies to ensure accurate and compliant receivable records. Additionally, Accounts Receivable Manager verifies customer credit limits and applicable payment terms. Audits methods and procedures of accounts receivable function to improve efficiency. Requires a bachelor's degree. Typically reports to a director. The Accounts Receivable Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Accounts Receivable Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Perform accounting processes and controls.
2. Follow all GAAP standards on all business practices and procedures.
3. Identify and resolve accounting and control issues related to business and process changes.
4. Determine adjustments required, prepare and post entries for related account activity.
5. Reconcile general ledger accounts in accordance with departmental policies on a monthly basis as assigned.
6. Proactively identify and resolve any issues related to general ledger balance sheet accounts.
7. Summarize and communicate processes and the related financial activity in a clear and concise manner to the necessary executives.
8. Prepare and reconcile all bank deposits for customer payments.
9. Prepare and submit commissions.
10. Process credit memos.
11. Process daily invoices.
12. Create and distribute monthly aging reports.
14. Work with the Financial Controller as needed.
15. Assist the Accounting Manager as needed.
16. Train new department staff members in accordance with corporate policies.
17. Review and monitor accounting controls to ensure accurate and timely financial records.
18. Lead teams for process improvement and issue resolution.
19. Look for continuous improvement processes as well as cost-reduction methods.
20. All other duties as assigned.
21. Participate in training as required.
22. Follow all safety standards and wear all safety equipment as required.
EDUCATION:
3 to 5 years experience in accounts receivable. Manufacturing environment a plus.
SKILLS & EXPERIENCE:
Under general direction, responsible for overseeing all accounting functions in regards to accounts receivable. Must follow GAAP compliance with all job-related functions.
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