Dy Manager Receivables Job Description Template
The Dy Manager Receivables will be responsible for managing the accounts receivable function, including processing invoices, ensuring timely collections, and monitoring account balances. This role involves collaborating with internal teams and clients to resolve payment discrepancies and optimize receivables processes.
Responsibilities
- Manage and oversee the accounts receivable department operations.
- Ensure timely and accurate invoicing and collections.
- Monitor and analyze aging reports to manage outstanding balances.
- Reconcile accounts receivable ledger to ensure all payments are accounted for and properly posted.
- Develop and implement strategies to optimize receivables and cash flow management.
- Collaborate with internal departments to resolve billing issues and disputes.
- Maintain accurate and up-to-date financial records.
- Prepare and present regular reports on accounts receivable status.
Qualifications
- Bachelor's degree in Finance, Accounting, or a related field.
- 3-5 years of experience in accounts receivable or a similar financial role.
- Strong understanding of accounting principles and accounts receivable processes.
- Proven experience in managing and leading a team.
- Excellent problem-solving and analytical skills.
- Strong communication and interpersonal skills.
Skills
- ERP systems
- Accounts Receivable Management
- Financial Reporting
- Reconciliation
- Excel
- Data Analysis
- Invoicing
- Customer Relationship Management (CRM)
Frequently Asked Questions
A Dy Manager Receivables is responsible for managing the accounts receivable department to ensure timely collection of outstanding invoices. They oversee staff handling collections, track payments, and generate reports on receivables. This role involves implementing strategies to reduce overdue amounts and negotiating payment plans with clients. Additionally, they work closely with accounting to reconcile accounts and support financial forecasting.
To become a Dy Manager Receivables, individuals typically need a bachelor's degree in finance, accounting, or a related field, coupled with several years of experience in accounts receivable or billing. Expertise in financial software, strong analytical skills, and experience in supervising teams are essential. Certifications such as a CPA or CMA can enhance job prospects. Networking and continuous professional development are also beneficial.
The average salary for a Dy Manager Receivables varies based on industry, location, and experience. In general, salaries may range from mid to high levels, reflecting the responsibilities and skills required for the role. Benefits such as performance bonuses, health insurance, and retirement plans may also be offered. Salary benchmarking against similar roles in the finance sector can provide a clearer picture of expected earnings.
The qualifications for a Dy Manager Receivables position typically include a bachelor's degree in finance, accounting, or a business-related field. Employers often require candidates to have experience in credit control and accounts receivable management. Proficiency in ERP systems, strong analytical and problem-solving skills, and the ability to lead a team effectively are crucial. Advanced certifications and practical experience may offer a competitive edge.
A Dy Manager Receivables needs strong skills in financial analysis, communication, and leadership to handle diverse team responsibilities. They must manage receivables efficiently, negotiate client payment terms, monitor credit assessments, and maintain customer relationships. The role requires adept use of financial tools and software, attention to detail, and robust problem-solving abilities. Responsibly mitigating risks and strategically managing the cash flow are also crucial duties.