Accounts Receivable Manager

• Are you curious, excited by experimentation and always looking to innovate?
• Do you want to work in a growing business pioneering embedded payments, where you can keep learning and developing whilst getting hands-on experience?
• Do you want to have the opportunity to own AR and lead a small team of enthusiastic Modulites?

If so, we would love to connect and collaborate!

We want to hire ambitious, and value-adding talent into Modulr, one of the fastest growing payments businesses in the UK and Europe, to own the AR workflow, ensuring all aspects of Modulr’s billing is recorded correctly, work with the wider financial control team on revenue analysis, and help prepare various management & board reporting. This is a great opportunity to own and put your own mark on the accounts receivable function of a rapidly growing regulated business.

About Us

At Modulr, our vision is a world where all businesses are powered by embedded payments. Modulr enables businesses, from SMEs to Enterprise, across the UK and Europe to efficiently pay-in, collect and disburse funds instantly via a range of payment schemes, accounts, and card products.

We have created an industry-leading API platform with comprehensive online tools and access, to meet the demands of daily business payments. We are connected to an expanding network of accounting and payroll platforms, including Sage, Xero, BrightPay and IRIS. Our payments expertise and extensive product capability enables us to build tailored solutions to solve complex payment problems for hundreds of clients in a range of industries, including Travel, Merchant Payments, Lending, Wage Advance, and Investment & Wealth.

We are deeply integrated into the payment eco-system. In the UK, we are direct participants of Faster Payments and Bacs. Modulr hold settlement accounts at the Bank of England. Our payment network connectivity includes CHAPS, Open Banking, SEPA, SWIFT and account issuance in 11 currencies. We are principal issuing members of Visa and Mastercard schemes across UK and Europe.

Our regulatory permissions and governance structure are the foundations of our business. We are regulated and supervised as an Authorised Electronic Money Institution (AEMI) in the UK by the Financial Conduct Authority and in the Netherlands by De Nederlandsche Bank.

Our founding team has a wealth of experience in the payments industry and growing successful businesses. Modulr is backed by the venture arms of payments giants PayPal and FIS, as well as growth investors Blenheim Chalcot, General Atlantic, Frog Capital and Highland Europe.

Modulr now has over 400 employees spread globally across offices in London, Edinburgh, Amsterdam, and Mumbai. This role is in our largest office, Edinburgh, where the financial control team is based.

Modulr values

• Building the extraordinary; going that extra mile.
• Owning the opportunity; be passionate and proud of the time you invest.
• Move at pace; reach goals faster whilst supported on your career journey.
• Achieve it together, working collaboratively and being a Modulite.

The role

Summary

The Accounts Receivable Manager is a vital role within Modulr and this role will be instrumental in ensuring we accurately bill our customers in line with contract terms and ensure minimal revenue leakage to maintain Modulr’s growth. The successful individual will play a significant role in leading and shaping the accounts receivable and credit control team and wider financial control team.

Specific duties

Depending on the project, you will need to be comfortable doing the following:

• Provide direction and support to the accounts receivable team.
• Business partnering with our internal customer relationship team, revenue operations team and FP&A, providing your expertise in resolving complex billing and AR queries.
• Owning Accounts Receivable related management information reporting duties as required.
• Be responsible for monthly billing to customers and related financial postings/reconciliations.
• Manage three direct reports: 2 Billing Analysts and a Credit Controller.
• Understand our product level billing structure.
• Investigate and resolve disputes promptly.
• Support and improve current systems and processes.
• Work with the team members towards achieving the company’s targets.
• Be a key point of contact for future AR projects.
• Create and improve current processes to minimise revenue leakage.

The team

You will work closely with the Financial Control team based mainly in Edinburgh as well as Sales and Product teams based in Edinburgh and London. Modulr has an office first policy, meaning we believe our scaling plans can only be achieve by the team being present in the office, fostering unplanned and cross-team interaction.

About You

The successful Accounts Receivable Supervisor will have a track-record in delivering results in a fast-moving scaling business and hence you must be comfortable with change and uncertainty. More specifically the ideal candidate will have:

• Seasoned Accounts Receivable supervisor, looking for the next step up or a new challenge
• Experienced in billing, credit control and AR month-end processes and automation
• Excellent stakeholder management, you’ll be working with many of our internal teams and senior leadership
• Experience working with NetSuite is desirable but not essential
• A self-starter who is structured and organised, able to handle the competing pressures of immediate tasks and alongside longer-term projects.
• Excel knowledge – being comfortable using xlookups and complex nested formulas
• Knowledge of PowerBI desirable but not essential
• Ability to operate in a changing and dynamic environment with tight deadlines
• Proven track record of process improvement
• Capable of working with large datasets, knowledge of SaaS billing intricacies would be desirable
• This is a hands on roll where you will be expected to roll up your sleeves to achieve the goals of the finance team and wider business

What Can Modulr Offer You

You will be part of a cross disciplinary team(s), with co-workers located in Edinburgh, London, Amsterdam, and India. We are friendly and sociable, challenging but rewarding. We want you to push yourself and for us to support you in your future as we scale up and grow.

• Share Options Incentive Scheme.
• Company Bonus - the more successful we are together, the greater the reward.
• Flexible benefits - £1000 to spend on a variety of benefits for you to choose from which suit your lifestyle and needs. Including Private medical insurance, gym membership, health checks etc.
• Perkbox - enjoy freebies and discounts on many other products and services.
• 33 days holiday (including bank holidays) & your birthday off - choose which days you take off to relax and/or spend time with loved ones.
• Learning Opportunities – on joining Modulr you will embark on our 3-day onboarding programme, called ModStart, to be equipped with the Modulr know-how and arm you with the tools you need to be successful from day 1! But we do not want your learning to stop there so we will continue to provide you with the tools and capabilities through our learning channels, platforms, and Buddy allocation to allow you to grow and develop in Modulr.
• Modulr hands-on - join your colleagues for our company wide events throughout the year.
• Great workspace - Modulr thrives on innovation which is best done through in-person collaboration. This approach enables us to work together closely, exchange ideas, and create innovative solutions that drive our success. We ask our team members to be based in the office 4 or more days a week. We have state of the art offices located in WeWork in Edinburgh, ScaleSpace in London, and WeWork in Amsterdam.
• Bike to work / E-bike scheme.

ModInclusion

At Modulr, we are working hard to build a more positive diverse and inclusive culture that helps everyone to feel they belong and can truly bring their whole self to work. Not only is it the right thing to do for everyone in the Modulr team, it’s also the right thing to do for our business, the community we operate in and attracting future talent. As part of our approach, we actively welcome applications from candidates with diverse backgrounds.

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