[Hiring] Accounts Receivable Manager @Cadence Education

Role Description

The AR Manager at Cadence Education is a key role responsible for managing the accounts receivable function, ensuring timely and accurate billing, collections, and reporting. This position plays a critical role in maintaining strong financial health for the organization. This position is remote.

Essential Functions:

• Oversee the accounts receivable process, including generating customer invoices, recording payments, and reconciling accounts. Monitor and manage the AR aging report to ensure timely collection of outstanding balances.
• Coordinate and execute the billing process, ensuring that invoices are accurate, properly coded, and delivered to customers in a timely manner. Address customer inquiries and discrepancies related to invoices.
• Develop and implement collection strategies to minimize delinquent accounts. Apply cash receipts accurately to customer accounts and reconcile discrepancies.
• Evaluate and establish credit limits for customers in collaboration with the CFO and Accounting Manager. Monitor credit risk and recommend appropriate credit terms and actions.
• Prepare regular AR reports and analyses for management review. Collaborate with the Finance team to ensure accurate and timely financial reporting.
• Maintain positive relationships with customers and address any billing or payment concerns in a professional and timely manner. Collaborate with cross-functional teams to resolve customer issues.
• Identify opportunities for process improvement within the AR function. Implement best practices to streamline AR operations and enhance efficiency.
• Lead, mentor, and manage the AR team, promoting a culture of accountability, excellence, and continuous improvement. Set team goals, performance metrics, and individual development plans.

Qualifications

• In-depth knowledge of accounts receivable processes, including billing, collections, and revenue recognition, particularly in the context of the education or childcare industry.
• Strong leadership and management skills to oversee and mentor AR Specialists effectively.
• Proficiency in billing processes, collections strategies, and the ability to handle escalated customer inquiries and payment issues.
• Ability to analyze AR data, monitor collections efforts, and minimize overdue accounts.
• Expertise in reconciling customer accounts and resolving billing discrepancies.
• Understanding of revenue recognition policies and compliance with accounting standards.
• Excellent communication skills for interactions with customers, vendors, and internal stakeholders regarding billing and payment inquiries.
• Familiarity with accounting software and tools for data entry and financial recordkeeping.
• Strong organizational skills to maintain financial records and documentation in an organized and accessible manner.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field.
• Minimum of five (5) years of progressively responsible accounting, finance, or general ledger experience that demonstrates a strong level of understanding of the required knowledge, skills, and abilities.
• Prefer prior supervisory or management experience.
• Certified Credit and Collection Professional (CCCP) or Certified Receivables Manager (CRM) can be beneficial and demonstrate expertise in AR management.

Benefits

• Competitive compensation
• On demand pay with UKG Wallet
• 50% childcare tuition discount
• 401(k) with employer match
• Educational and professional development
• Comprehensive benefit package for all full-time employees, including:
• Paid time off that increases with seniority
• Medical, dental, vision options available
• Additional life, disability, and retirement plans
• Tuition reimbursement
• Company-paid life insurance
• Paid holidays
• Pet insurance
• Paid CDA