Join the LLR family of private equity-backed growth companies.

Position Summary

The Accounts Receivable Manager is responsible for managing the company's accounts receivable process, including billing, collections, and customer relations. This role plays a vital part in maintaining positive cash flow, reducing outstanding debts, and ensuring timely and accurate financial reporting.

Essential Functions and Responsibilities

• Generate invoices and statements accurately and in a timely manner.
• Verify that all invoices are complete and comply with company policies and regulatory requirements.
• Maintain organized records of invoices and supporting documentation.
• Develop and implement effective collection strategies to minimize outstanding debts.
• Contact customers to follow up on overdue payments, resolve disputes, and negotiate payment arrangements.
• Monitor and report on the aging of accounts receivable and take appropriate actions.
• Ensure accurate and timely application of customer payments to their respective accounts.
• Reconcile discrepancies between payments received and invoices issued.
• Assess creditworthiness of new and existing customers.
• Establish and monitor credit limits and terms.
• Recommend adjustments to credit policies based on customer payment history and financial stability.
• Build and maintain strong relationships with customers to facilitate timely payments and resolve disputes.
• Provide excellent customer service by addressing inquiries and concerns promptly.
• Prepare and analyze accounts receivable reports, including aging reports, cash flow projections, and collections performance.
• Present findings and recommendations to senior management.
• Continuously review and streamline accounts receivable processes to enhance efficiency and accuracy.
• Identify areas for improvement and implement best practices.
• Ensure compliance with accounting standards, company policies, and relevant laws and regulations.
• Assist in audits and provide documentation as needed.

Minimum Qualifications

• Bachelor's degree in accounting, Finance, or a related field (a master's degree or professional certification may be preferred).
• Proven experience in accounts receivable management or a related financial role.
• Strong understanding of accounting principles and financial analysis.
• Proficiency in accounting software and MS Excel.
• Excellent communication and negotiation skills.
• Attention to detail and a high degree of accuracy.
• Ability to work independently and as part of a team.
• Strong problem-solving skills.

Skills and Abilities:

• Understanding of accounting principles and financial analysis to manage accounts receivable effectively.
• Ability to spot inaccuracies in invoices, payment records, and financial reports to ensure accuracy.
• Proficiency in analyzing accounts receivable data, including aging reports and cash flow projections, to make informed decisions.
• Strong verbal and written communication skills to interact with customers, team members, and senior management.
• The ability to negotiate payment arrangements, resolve disputes, and communicate effectively with customers to ensure prompt collections.
• Familiarity with accounting software and financial management tools, as well as proficiency in using Microsoft Excel and other relevant software.
• Identifying issues within the accounts receivable process and developing effective solutions.
• Staying up to date with relevant laws and regulations, particularly those related to accounting and collections practices.
• Handling the pressures of a high-volume workload and meeting tight deadlines.

Physical Requirements

• Spend most of their time working at a desk or computer.
• Rely heavily on computers and may spend extended periods sitting at a desk while working on a computer.
• Effective communication, which may involve speaking on the phone or participating in meetings. Clear and articulate verbal communication skills are essential.
• May occasionally need to move around the office to attend meetings or interact with colleagues.
• Good eyesight is important for reading financial documents, invoices, and reports.
• Clear hearing is necessary for effective communication during phone calls, meetings, and discussions.
• The ability to manage stress.