Accounts Receivable Manager

Accounts Receivable Manager
Lifemark Health Group

Americas, Canada, Toronto

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Salary

Rank

Senior Manager

Responsibility

Process Roles

Scope

Regional

Workplace

Hybrid

Functions

Finance

Reports to

National Director of Admin and Shared Services

Level

N-3

Travel Max:

0%

Posting Date

01-12-2025

Description

The Accounts Receivable Manager is an integral part of the finance leadership team. They will be responsible for overseeing the Accounts Receivable department to optimize cash flow. This role involves strategic planning, policy development, and leadership to enhance the accounts receivable process and support the company’s financial goals.

Location: North York, ON. Hybrid 4 days/week on-site.

Status: Permanent Full time

Accounts Receivable Manager

Key Responsibilities

  • Lead, develop, and manage the quality assurance and accounts receivable supervisors’ team, including recruitment, training, and performance evaluation.
  • Maintain and develop Key Performance Indicators (KPIs) benchmarked against annual goals and objectives.
  • Oversees the on-time distribution of invoices, ensuring accuracy and timely payments.
  • Monitor accounts receivable aging reports. Implement collection strategies to minimize overdue accounts, and identify and report risks or potential issues.
  • Prepare and present regular reports on accounts receivable status including 3 rd party collections vendors to senior management. Outlining suggestions to reduce exposure, bad debt, and improve Days Sales Outstanding (DSO).
  • Establish and maintain effective and collaborative working relationships with internal teams and external clients.
  • Ensure compliance with audits, company policies, accounting standards, and relevant government regulations.
  • Manage month-end and year-end closing processes for accounts receivable, ensuring deadlines are met. Oversee the approval of write-offs, collection placements to outside agencies, and account adjustments including sales adjustments, refunds, and revenue reversals.
  • Develop, implement, and monitor strategies to enhance the efficiency and effectiveness of the quality assurance and accounts receivables processes.
  • Attend any acquisition calls to help ensure the team is equipped to support the new purchase.

Qualification & Requirements

  • Post-secondary education or higher.
  • 5+ years of experience in Accounts Receivable or a related function.
  • 3+ years of leadership experience preferred
  • Ability to prioritize workflow and operate independently in a fast-paced environment.
  • Excellent communication and interpersonal skills.
  • Analytical and solution-oriented, with experience working with multiple lines of businesses or revenue streams.
  • Experience with Microsoft products, with a focus on Excel and PowerPoint
  • Strong leadership and team management skills, including setting and monitoring goals, performance, and objectives.
  • Ability to promote engagement, motivation, which fosters a team culture.

Benefits

No information available.

Company Profile

Lifemark Health Group
Industry

Wellness and Fitness Services

Revenue

$759.8M

Employees

5,000

Fortune 500 Rank

NA

Global 500 Rank

NA

View Company Profile