Sr. Manager leading Accounts Receivable function for North America at ASSA ABLOY. Driving strategic initiatives to optimize cash flow and enhance financial controls.
About the role
- Accounts Receivable Manager overseeing day-to-day AR operations at Shermco Industries. Responsible for collections, team leadership, and financial analysis while optimizing cash flow.
Responsibilities
- Develop and implement collection strategies: Create and execute advanced collections strategies to optimize cash flow, strengthen customer relationships, and align with company financial targets.
- Manage credit risk: Establish, maintain, and approve credit limits for new and existing customers, particularly for marginal or slow-paying accounts.
- Drive process improvements: Identify inefficiencies and implement new processes and technologies, such as automation software and ERP systems, to increase efficiency and reduce the days sales outstanding (DSO).
- Contribute to financial strategy: Provide insight into customer payment behaviors and trends that can inform broader company planning and revenue-related decisions.
- Manage the AR team: Manage a team of specialists and senior specialists, providing guidance, training, and performance feedback.
- Mentor and develop staff: Foster a high-performing team by coaching and developing staff to enhance their skills and growth.
- Collaborate cross-functionally: Work closely with the sales, customer service, and legal departments to resolve complex issues related to billing, payments, and collection.
- Oversee billing and collections: Manage the entire AR cycle, including billing, cash applications, and dispute resolution, to ensure timely and accurate processing.
- Analyze financial data: Monitor AR metrics and analyze aging reports to forecast collections, identify trends, and provide insights to senior management.
- Manage month-end close: Oversee and manage the monthly AR close process, including reconciling the AR sub-ledger to the general ledger (GL).
- Ensure compliance: Adhere to and document internal controls related to billing and collections, ensuring full compliance with regulatory standards like SOX.
Requirements
- Associate or Bachelor’s degree in Accounting, Finance, or a related field (Bachelor’s preferred)
- 5+ years of experience in accounts receivable with at least 2 years in a supervisory or lead role
- Strong knowledge of GAAP and AP best practices
- Experience with accounting or ERP systems (e.g., SAP, Oracle, NetSuite, etc.)
- Proficiency in Microsoft Excel and other Office applications
- Excellent organizational and problem-solving skills
- Strong interpersonal and communication skills
- Proven ability to lead and develop a team
- Experience in a utilities, energy, or field service organization
- Familiarity with invoice automation and AR workflow tools
- Knowledge of multi-entity or multi-location operations
Benefits
- Health insurance
- 401(k) matching
- Flexible work hours
- Paid time off
- Professional development opportunities
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