Job Description

Job Title: Accounts Receivable Manager

Overview: The Accounts Receivable Manager plays a crucial role in ensuring the financial stability of the organization by overseeing the accounts receivable processes. This role involves managing a team responsible for invoicing, collections, and reconciliations, while also implementing strategies to improve cash flow and minimize bad debt.

Key Responsibilities:

Team Management:

• Lead and supervise the accounts receivable team, providing guidance, training, and performance feedback.

• Assign tasks and set targets to ensure efficient and timely completion of responsibilities.

• Foster a collaborative and supportive work environment to maximize team productivity.

Invoicing and Billing:

• Oversee the invoicing process to ensure accuracy and timeliness.

• Review billing discrepancies and resolve issues in a timely manner.

• Coordinate with other departments, such as sales and finance, to streamline the invoicing process.

Collections:

• Develop and implement collection strategies to minimize overdue accounts.

• Monitor accounts receivable aging and follow up on overdue invoices.

• Negotiate payment terms and arrangements with delinquent customers while maintaining positive relationships.

Reconciliations and Reporting:

• Conduct regular reconciliations of accounts receivable to ensure accuracy.

• Prepare and analyze AR aging reports and other financial reports for management review.

• Identify trends and areas for improvement to optimize the accounts receivable process.

Customer Relations:

• Serve as the main point of contact for customer inquiries and escalations related to accounts receivable.

• Address customer concerns and resolve issues promptly and professionally.

• Build and maintain strong relationships with key customers to facilitate timely payments.

Process Improvement:

• Continuously assess and improve accounts receivable processes to enhance efficiency and effectiveness.

• Implement automation tools and technologies to streamline workflows and reduce manual efforts.

• Identify opportunities for cost savings and revenue enhancement in accounts receivable operations.

Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration, or related field.

• Proven experience 3 - 5 years in accounts receivable management or related financial leadership role.

• Strong knowledge of accounting principles and practices, particularly in revenue & accounts receivable.

• Excellent communication and interpersonal skills.

• Strong analytical and problem-solving abilities.

• Ability to work effectively in a fast-paced environment and meet tight deadlines.

• Leadership and team management skills.

• Attention to detail and accuracy.

• Proficiency in accounting software and MS Office, especially Excel.

• Experience with ERP systems (e.g., SAP, Oracle, JD Edwards)

Preferred Qualifications:

• Professional certification such as Certified Public Accountant

• Previous experience in process improvement initiatives or project management.

Benefits:

We offer competitive remuneration, annual incentive plan bonus scheme, healthcare, company pension, and a range of employee benefits! Thermo Fisher Scientific offers employment with an innovative, forward-thinking organization, and outstanding career and development prospects. We offer an exciting company culture that stands for integrity, intensity, involvement, and innovation.

EEO/Reasonable Accommodation:

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, or any other legally protected status. We will ensure that individuals with disabilities are provided a reasonable accommodation to participate in the job application or interview process, to perform critical job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.

Thermo Fisher Scientific is an EEO/Affirmative Action Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability or any other legally protected status.