Accounts Receivable Manager

Mood Media•Fort Mill, SC

1d•Hybrid

About The Position

Mood Media is the world’s leading experiential media company, optimizing on-premise retail customer experience and driving significant value for businesses and brands worldwide. With the most comprehensive suite of fully integrated solutions, Mood leverages advanced digital technology, curated and original creative content, and design expertise to make every shopping and guest experience more personal and engaging. Serving more than 500,000 customer locations in over 140 countries, Mood reaches 165 million+ consumers each day. The Accounts Receivable Manager is responsible for overseeing the entire end-to-end Accounts Receivable (A/R) process and directly managing the Accounts Receivable specialist personnel. The main responsibilities for this role include managing invoice distribution, ensure billing accuracy, timely collections of payments and efficiency throughout the entire accounts receivable process. This role is located in Fort Mill, SC and work is hybrid, in office 3 days and 2 days remote.

Responsibilities

Monitors Accounts Receivable workflow to ensure all A/R functions and deadlines are met.
Monitors quality of work done by the Accounts Receivable Specialists and conducts weekly audits
Creates an inspiring team environment with an open communication culture, motivates employees, recognizes and rewards high performance
Manages proper invoicing within standard policies reflective of the customers’ requirements.
Manages daily billing cycle and monthly invoice distribution (3rd party portals, excel, PDF)
Manages month-end A/R close process
Manages 3rd party or BPO billing A/R reconciliation process
Works with clients to ensure all electronic or 3rd party invoicing submissions are corrected and resolved in a timely manner.
Monitor A/R errors, root cause analysis, and implement A/R improvements and look for working capital improvement opportunities
Assist Accounts Receivable Specialists with difficult or complex accounts and resolves any escalated complex situations
Monitor payment process and application accuracy
Approve credit memos requested by Accounts Receivable Specialists
Manage customers on credit hold and recommend customers to be placed on credit hold
Analyze delinquent accounts and prepare reports on highest risk accounts including recommendations for resolution
Maintain A/R key metrics, DSO, CEI and Billing accuracy
Create and review weekly, monthly Accounts Receivable Specialist KPI’s
Support other Accounts Receivable Managers with escalated issues that need support from the organization
Contribute to authoring of procedures and participate in creation of training programs.
Team performance management including annual performance reviews, ongoing coaching and performance metric reviews
Participates in professional development activities and professional organizations to maintain credentials and understanding of current GAAP rules.
Ensure ongoing team development opportunities
Maintain collections system setup and implement system changes as necessary to improve DSO and CEI
Monitor compliance with departmental procedures and policies, and recommend efficient procedures to accomplish company goals.
Collaborate with internal/external team members to achieve the highest levels of efficiency and automation
Other duties as assigned by management