Cavitak - Account Receivable Manager (4-5 yrs)

We are looking for an experienced and detail-oriented Accounts Receivable Manager to oversee the companys receivables operations.

This role involves managing the collection of outstanding payments, ensuring accurate and timely invoicing, and maintaining strong relationships with clients.
As an Accounts Receivable Manager, you will be responsible for improving the efficiency of the accounts receivable process, leading a team, and ensuring timely and accurate reporting for financial transparency and compliance.

Key Responsibilities:

Team Leadership & Management:

- Lead and manage a team of accounts receivable professionals, providing coaching, training, and performance evaluations.

- Establish clear team objectives and manage daily operations to ensure all processes are followed efficiently.

- Supervise and support the team in their responsibilities, including invoicing, collections, and dispute resolution.

Invoicing & Collections:

- Oversee the timely and accurate creation and delivery of invoices to customers, ensuring compliance with agreed-upon payment terms.

- Develop and implement effective strategies for collections and manage the collections process for overdue accounts.

- Monitor accounts receivable aging reports to ensure outstanding payments are promptly addressed.

- Coordinate with the sales and customer service teams to resolve billing discrepancies or customer disputes.

Cash Flow & Credit Management:

- Ensure the organizations cash flow remains consistent by maintaining effective credit control procedures.

- Evaluate and monitor credit risk, including conducting credit checks and setting appropriate credit limits for customers.

- Develop and maintain credit policies to mitigate financial risks and ensure timely payments.

Reporting & Reconciliation:

- Regularly review and reconcile accounts receivable records to ensure accuracy.

- Generate detailed accounts receivable aging reports and provide management with regular updates on the status of outstanding payments.

- Work with the finance team to prepare and submit monthly, quarterly, and year-end financial reports related to receivables.

- Ensure that all general ledger accounts related to receivables are properly maintained and reconciled.

Process Improvement & Compliance:

- Identify opportunities to streamline and improve the accounts receivable process, including

automation and system upgrades.

- Ensure all accounts receivable activities comply with corporate policies and regulatory standards.

- Implement controls to minimize the risk of errors and fraud in accounts receivable transactions.

Customer Relationship Management:

- Develop and maintain strong relationships with clients to facilitate the payment process.

- Communicate effectively with clients regarding overdue invoices and work to resolve any disputes or concerns amicably.

- Coordinate with other departments (e.g., sales, legal) to ensure customer satisfaction while maintaining healthy financial practices.

Required Skills & Qualifications:

- Bachelors degree in Accounting, Finance, or a related field.

- 5+ years of experience in accounts receivable or financial operations, with at least 2+ years in a managerial or supervisory role.

- Strong understanding of accounts receivable processes, including collections, credit management, and invoice reconciliation.

- Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle, Microsoft Dynamics) and Microsoft Excel (pivot tables, VLOOKUP, etc.)

- Experience with ERP systems and financial reporting.

- Strong analytical skills and attention to detail, with the ability to manage multiple priorities.

- Excellent communication and interpersonal skills to work effectively with clients and internal teams