Position Summary:
Responsible for oversight and management of all areas within Accounts Receivable. Oversee credit and collections, and work cross functionally to improve customer satisfaction and drive process improvements. Manage and oversee talent through mentorship, development, and succession planning. Set team priorities and manage staffing appropriately for time off. The accounts receivable manager will oversee the entire A/R life cycle while driving prioritizing opportunities for process optimization, strategic initiatives, policy and procedural efficiencies while minimizing losses, mitigating risk, and ensuring compliance. This position will evaluate the effectiveness of billing and collections work functions and recommend changes to procedures with their knowledge of implementing best practices in the order to cash process. This position will be responsible for preparing FI intercompany invoices and credit memos. This position will ensure that the intercompany accounts are balanced each period-end close and assist with ensuring the AR team remains supported and meets critical deadlines.
Primary Responsibilities:
- Working knowledge of ERP systems and the Accounts Receivable function as well as foundational understanding of debits and credits as they relate to AR.
- Sets long and short range goals and implements strategies to meet desired objectives. Monitors trends in A/R, payments, and aging by customer, customer type, risk category, and others.
- Balancing Intercompany accounts monthly.
- Create A/R Policies, adhere to policies and required internal controls and guidelines set by Biomerieux. Adherence to all approval matrixes.
- Processing intercompany FI Invoices and credit memos.
- Ensure the staff is inputting all invoice submissions required in customer portals timely.
- Understand and be able to provide support for new customer setups.
- Understand and be able to provide support for researching and resolving customer credit holds, evaluating new customer credit, and maintaining existing customer credit limits within approval matrix.
- Ability to balance the needs of good credit management with the commercial needs to drive business revenue.
- Solid skills in managing present-day issues while providing some insight and recommendations for the future.
- Provide collections support when necessary to achieve and maintain the target DSO.
- Excellent research skills on customer accounts.
- Excellent verbal and written communication skills.
- Work with internal and external customers to provide data as requested. Creates a supportive environment by fostering individual motivation, coaching, and training.
- Develops and coach team to ensure they have the skills necessary for optimum performance.
- Assist with the annual audit and any related interim procedures.
- Other special projects as assigned.
Education, Skills, & Experience:
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Bachelors degree in Accounting or related field required with minimum of five years of AR credit and collections experience, preferably in Medical/Life Science industry.
- In lieu of a degree, 8 years AR credit and collections experience also accepted
- Minimum 4 years leadership experience managing teams of 4 or more.
- Minimum of 3 years’ experience with an ERP system. Experience with SAP preferred but not required.
- Experience in uploading invoices to WAWF and DFAS is preferred.
- Preferred experience with EDI.
- Intermediate knowledge of Excel, Word, Microsoft Office, and Internet.
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