Accounts Receivable Manager
Exciting opportunity for a proactive Accounts Receivable Manager to join the finance team of this well known financial services business based in the City of London.
Well known financial services trading company.
This role is responsible for overseeing and controlling the receivables ledger function, ensuring the small accounts receivable team is meeting key performance metrics such as error-free processing and timely settlement of debtors, whilst providing high quality service to internal and external customers. This role is also responsible for developing and improving processes and controls in the function.
Duties will include but not limited to:
Manage the accounts receivable process end-to-end and ensure it runs smoothly
Ensure all invoices and inward payments are processed accurately and paid on a timely basis
Ensure cheques or cash received are promptly recorded and banked
Ensure customer queries are dealt with promptly and appropriately
Review and approval all customer invoices prior to issue
Review of fee rebate calculations
Review and approval of new/amended customer standing data
Review team performance against key performance metrics and develop tools to improve this monitoring
Monitor outstanding debtors and support the Accounts Assistant in chasing aged invoices for payment
Ensure aged invoices are escalated externally with customers and internally within Finance and the revenue-owner department(s)
Manage debtors in accordance with the bad debt policy, including:
o Arranging approval of bad debt write offs;
o Reviewing bad debt write off transactions; and
o Maintaining reconciliation of bad debt provision and write off accounts
Report on status of outstanding debtors on a regular basis (weekly to Head of Reporting; monthly to CFO)
Month-end Close and Reconciliations:
Lead month-end close activities for the receivables ledger function, ensuring all ledgers are closed and reconciled to timetable
Review and approve monthly reconciliations of key data including:
o Sub ledgers to general ledger
o Sub ledgers to non-Finance invoicing platforms
o Credit card payments made
Strong senior level Accounts Receivable expertise witha track record of improving processes and systems. Good double entry accounting understanding. Knowledge of ERP systems. Previous supervisory experience a bonus.
Competitive salary and bonus and benefits package.