Accounts Receivable Manager
2 weeks ago
We are looking for an experienced Accounts Receivable Manager for a Global Company in Port Elizabeth.
SUMMARY:
We are seeking a highly skilled and trustworthy Accounts Receivable Manager to oversee our accounts receivable operations in our Shared Service Centers in South Africa and Lithuania. These two Shared Service Centers perform the Collections and Cash Application for 12 countries (with an upward trend) in which the Company operates. The ideal candidate will have extensive experience in collections, cash applications, and managing large teams (10-30 staff members). This role requires strategic thinking, the ability to execute effective AR processes, and have excellent communication skills to liaise with external customers and also key personnel (mainly the Global Risk & Receivables team, Sales and local Finance personnel)..
PREFERRED EXPERIENCE AND QUALIFICATIONS:
Bachelor’s degree in Accounting, Finance, or a related field
Proven experience (10+ years) in accounts receivable management/team leader role, preferably in an international organization.
Experience managing a team of 20-30 people
Experience working in an SSC/GBS environment
Proficiency in Microsoft Excel
Strong understanding of collections, cash applications, and financial reporting.
Ability to think strategically and implement process improvements.
Exceptional communication and interpersonal skills, with experience liaising with senior executives, and WW Management team.
Detail-orientated with strong analytical and problem-solving abilities.
Commitment to accuracy, integrity and professionalism.
Ability to work independently and prioritize tasks in a fast-paced environment.
EMPLOYER’S EXPECTATIONS:
Contribute to reaching goals that are set for the Shared Services Centres.
Act in line with the company’s values and policies.
Share a positive attitude with colleagues, customers and suppliers.
Be loyal towards the company and decisions made.
Be willing to learn and take new tasks.
Be responsible for own personal development and performance.
Continuously share information with the Company’s Risk & Receivables team on workload and daily work solutions.
Offer improvement ideas with willingness to implement and maintain vendor relations.
Cooperate with GL accountants and auditors providing data and answering questions.
ESSENTIAL FUNCTIONS & RESPONSIBILITES:
Team Leadership: Manage, mentor, and develop an Accounts Receivable team of 10-30 staff, ensuring high performance and adherence to best practices in accordance with the Company’s Rules and Policies
Collections Assignment: Work a collections assignment which, at the start, would be approximately have the size of a subordinate. This assignment may reduce if/as the size of the team grows.
Collections and Cash Applications: Oversee the collections process, ensuring collections objectives are achieved as well as timely and accurate cash applications. Resolve complex issues related to outstanding receivables.
Strategic Planning: Execute strategies to improve collection rates, reduce outstanding debt, and optimize the cash flow for the business.
Reporting & Analysis: Provide regular reports and insights on receivables, cash flow forecasts, and performance metrics to senior management. Implement weekly reporting to countries on receivables status.
Collaboration with the Company’s Risk & Receivables teams: Engage in regular meetings with the Company’s Risk & Receivables team and others as advised to review AR performance, address concerns, and align on strategic financial goals.
Process Improvement: Continuously assess and refine accounts receivable processes to ensure efficiency and alignment with organizational goals by making recommendations to the Company’s Risk & Receivables team.
Compliance: Ensure that all AR activities within the Shared Service Centers comply with company policies, financial regulations, and audit requirements.
Stakeholder Engagement: Collaborate closely with the Company’s Risk & Receivables team to ensure smooth AR processes and resolve any inter-departmental issues.
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