Accounts Payable Senior Manager

Key Responsibilities

• Develop and execute strategic plans for the AR department to improve efficiency, reduce days sales outstanding (DSO), and enhance cash flow.
• Lead, mentor, and manage the AR team, fostering a high-performance culture.
• Collaborate with senior leadership to align AR objectives with overall business goals.
• Oversee the end-to-end AR process, including invoicing, payment processing, cash application, and collections.
• Implement and maintain effective credit and collections policies to minimize bad debt and credit risk.
• Monitor and analyze AR aging reports, ensuring timely resolution of overdue accounts.
• Ensure compliance with GAAP, SOX, and other relevant financial regulations.
• Prepare and present AR performance reports, metrics, and forecasts to senior management.
• Manage cash flow forecasting and general ledger reconciliation processes related to receivables.
• Maintain strong relationships with customers to facilitate timely payments and resolve disputes.
• Collaborate with sales, customer service, and finance teams to address customer payment issues and improve processes.
• Leverage AR software (HighRadius) and automation tools to streamline operations.
• Identify and implement process improvements to continuously enhance efficiency and accuracy.
• Stay updated on industry trends and best practices in AR management.

Qualification & Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field (MBA or CPA preferred).
• 7+ years of experience in accounts receivable, credit management, or related financial roles, with at least 3-5 years in a leadership position.
• Strong knowledge of accounting principles, financial regulations, and AR best practices.
• Proficiency in AR software, ERP systems, and Microsoft Office (Excel, Word, PowerPoint).
• Excellent analytical, problem-solving, and decision-making skills.
• Proven leadership and team management abilities, including leading a team of at least 10 people.
• Strong communication and interpersonal skills to interact with customers and cross-functional teams.
• Experience running a centralized collections team for a multi-site services operation.
• Experience operating in a high transaction environment while still delivering on quality, timeliness and accuracy.
• Experience with process automation and digital transformation in AR.
• Ability to work in a fast-paced environment and manage multiple priorities.

Required Competencies

• Be Respectful: Value all we come in contact with
• Be Remarkable: Create a positive moment with every interaction
• Be Safe: Keep ourselves and those around us safe
• Be Honest: Be guided by truthfulness in all we do

Benefits

• Competitive pay
• Medical, Dental, Vision
• Pet, Legal, and Hospital Indemnity Insurance
• 401k (match)
• Paid Time Off Package
• Great company culture
• Collaborative team environment