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Manager, Accounts Receivable
Horizon Media
New York, NY, United States
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Job Description:
Job Summary
The Manager of Accounts Receivable supports the Credit and Collections function within HMI. The Manager is responsible for the daily activities related to the credit and collection function, including regional and/or cross-business unit customer accounts and close coordination with Finance Team, and Brand Teams. The Manager of Accounts Receivable will closely interact with Budget Coordinators and Strategy Teams related to cash applications. This position assists in the development and implementation of plans to maximize receivables turnover, minimize risk of loss and provide support to the Director, Accounts Receivable and Credit. This position requires a seasoned professional who has experience with collections and general ledger reconciliation. The position will require the ability to lead a collaborative work effort and balance financial goals with support for the organization.
Main Duties and Responsibilities
• 70% - Collections/collections management and related communication
• 10% - Cash application management (including reconciliation with clients)
• 10% - Client Credit evaluation
• 10% - G/L reconciliation
• Oversees the management of the customer collections process. Monitors and manages cash flow, and bad debt expense to ensure business goals are met and maintained.
• Collection of outstanding receivable balances.
• Monitors client balances to ensure they are within customer lines of credit.
• Ensure that incoming receipts are posted accurately and timely, and compliance with all established policies and procedures. Document processes for SOX compliance. Work closely with Treasury to obtain efficiencies in all manners of acceptable payments, including lockbox set-up and electronic pay methods.
• Oversee process and perform reconciliation to ensure that all invoices issued in SBMS are reflected properly in GP; collaborate with Operations and G/L teams to resolve any issues
• Develop and maintain positive working relationships at all levels within the business from customers to business partners to executives to ensure existing issues are resolved, future business needs are known, and all impacted departments are working together in the best interest of the business. Collaborate with and influence other departments to make identified changes to improve DSO and bad debt write-offs.
• Develop a team environment, to achieve productivity, quality performance and lead by example in order to create a climate that fosters high performance and job engagement.
• Ensure team members are appropriately trained and follow the Company’s procedures and policies. Responds to questions and requests from customers (internal and external) and works collaboratively with internal Departments, clients and/or external third-party payers in a courteous, timely, and accurate manner.
Supervisory Responsibilities
• Delegate with accountability and follow-up.
• Prioritize and Manage completion of all assigned projects
Knowledge and Skills Required
• Education equivalent of BA or BS Degree and/or equivalent relevant accounting, legal and/or Credit & collection work experience
• 7 years’ experience in commercial credit and collections, in an Advertising related environment (previous agency experience strongly preferred)
• 2+ years’ experience in managing credit analysis and of accounts receivable
• Intermediate level skill in Microsoft Excel and PowerPoint
• Highly self-motivated and able to perform effectively and accurately with little supervision
• Ability to identify and implement change as necessary to continually improve the department
• Ability to define problems, collect data, establish facts, and draw valid conclusions
• Strong collaboration skills including effective verbal and written communications
• Strong and effective customer service skills
• Ability to multi-task and meet established deadlines in a fast paced environment
• Proven ability to manage and direct staff
Certificates, licenses and registrations
There are no requirements for certificates, licenses and registrations.
Physical Activity and Work Environment
There are no requirements for physical activity and work environment.
The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties and skills required of personnel so classified. Furthermore, they do not establish a contract for employment and are subject to change at the discretion of the employer.