Accounts Receivable Manager

Job description

LHH is looking to hire a an Accounts Receivable manager for a hybrid role located in Rosemont, IL. This is a newly created role for a growing company that offers a great work-life balance and competitive benefits.

Responsilbites:

• Manage the entire process from sales order conversion through payment application to collections.

• Monitor invoicing, billing, and payment processes to ensure precision and efficiency.

• Review and reconcile customer accounts to ensure timely and accurate payments.

• Implement and enforce collection policies and procedures to minimize risk and ensure a healthy cash flow.

• Strive for continuous process improvements within the cash application department.

• Analyze account trends to identify and address areas needing improvement.

• Collaborate with sales and customer service teams to resolve issues and expedite collections.

• Work with the delivery team to address and resolve customer balances.

• Monitor and manage accounts receivable aging reports, taking action on overdue accounts as necessary.

• Assess and refine escalation processes to prevent the accumulation of bad debt.

• Introduce automation tools and technological solutions to boost productivity and accuracy.

• Continuously assess and enhance the accounts receivable workflow to drive performance improvements.

• Oversee both internal and external collection teams, including managing relationships with third-party agencies.

• Monitor and ensure compliance with company policies and regulatory requirements in collection activities.

• Track the performance of third-party collections and provide guidance to achieve desired results.

Qualifications:

• 4+ years of management experience in AR or Collections

• Experience with high volume of invoices

• Bachelors degree in accounting/finance or related field

Equal Opportunity Employer/Veterans/Disabled