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Hudson Valley Lighting Group · 1 day ago

Accounts Receivable Manager

Wappingers Falls, NY

Full-time

Onsite

Senior Level, Lead/Staff

10+ years exp

Hudson Valley Lighting Group is a worldwide leader in the design and distribution of decorative lighting fixtures. The Accounts Receivable Manager will oversee the accounts receivable function, ensuring accurate and timely collection of payments while managing a team effectively to achieve financial targets.

Building MaterialIndustrial ManufacturingInterior DesignLightingManufacturing

No H1B

Hiring Manager

Raena Tanaka

Responsibilities

Manage the accounts receivable process, including invoicing, payment collections, and reconciliations

Supervise and guide the accounts receivable team, including setting performance goals, conducting regular performance evaluations, and promoting professional development

Develop and implement effective credit and collection policies (Improve DSO) and procedures to minimize delinquencies and improve cash flow

Review and analyze customer credit applications and conduct credit checks to assess creditworthiness and determine appropriate credit limits

Review the Credit Hold process and the Credit Limit process with the Sales head. Remove Credit Holds once the customer is back on a regular payment plan

Oversee the accurate and timely application of incoming payments to customer accounts

Reconcile discrepancies and work with the finance and sales team to resolve payment-related issues

Work on customer accounts reconciliations, including all the credits and discounts

Timely involvement with the sales team on all the credits and deductions approval

Implement the deductions management tool in S4 and work well with FICO consultants to enhance the process

Monitor aging reports and follow up on overdue accounts to ensure timely payment collections

Work with AR specialists on assigning accounts and also follow up on every aged account and bring it to closure in a timely manner

Weekly management reporting of aged AR and the key drivers, including reasons for the delay

Resolve customer billing issues and disputes, working closely with the sales and customer service teams to address concerns and find appropriate resolutions

Collaborate with the finance and accounting teams to ensure accurate recording and reporting of accounts receivable transactions

Review with the controller on bad debts and placed for collections and inform the GL team on booking the entry

Informing the GL team on increasing any specific reserves for AR in case of a significant Chapter 7 or 11 filing by the customers

Prepare regular reports and analyses on accounts receivable activities, including collection performance

Establish and maintain strong customer relationships, responding to inquiries and providing exceptional customer service

Stay current with best practices and regulatory requirements for accounts receivable management

Work closely with the Sales, Account Management, Business Development, and Finance departments to address customer queries/concerns and improve cash flow

Set performance goals and conduct regular performance reviews to ensure team effectiveness

Foster a collaborative and positive work environment within the AR department

Qualification

Accounts Receivable ManagementSAP S4 HanaLeadership SkillsAnalytical SkillsCreditCollection KnowledgeMicrosoft Office SuiteInterpersonal SkillsProblem-Solving SkillsAttention to Detail