PMC: Accounts Receivable Manager
About The Position
Penske Media Corporation (PMC) is seeking an Accounts Receivable Manager to lead full-cycle accounts receivable operations across several subsidiaries in its digital media, print media, data, and live-events businesses. The role is responsible for the accuracy, timeliness, and integrity of billing, cash application, collections, reconciliations, reporting, and month-end close activities. The manager will partner with Accounting and Finance leadership, Account Executives, agencies, business stakeholders, and external customers to strengthen processes, resolve issues, and improve cash flow. The position is based in West Los Angeles. Employees work onsite four days per week and remotely one day per week. PMC describes its environment as collaborative and office-first and does not offer remote-only roles.
Requirements
- Bachelor’s degree in Accounting, Finance, Business, or a related field, or equivalent experience.
- At least five years of progressive accounts receivable or accounting experience, including experience leading or supervising AR activities.
- Strong understanding of full-cycle accounts receivable, collections, cash application, reconciliations, revenue, and month-end close processes.
- Advanced Excel skills, including pivot tables, lookups, data analysis, and reporting.
- Ability to analyze complex issues, identify root causes, and drive timely resolution.
- Strong communication, organization, prioritization, and time-management skills.
- High level of attention to detail, accuracy, discretion, and accountability.
- Ability to work independently while collaborating effectively across teams and subsidiaries.
Nice To Haves
- Experience with NetSuite, Salesforce, Placements IO, or similar ERP, CRM, and media-industry systems.
- Experience managing or mentoring an accounts receivable team.
- Experience with deferred revenue, journal entries, bank and credit card reconciliations, and audit support.
- Experience in digital media, print media, advertising, entertainment, data, or live events.
- Experience implementing AR process improvements, internal controls, or reporting automation.
Responsibilities
- Lead day-to-day accounts receivable operations, including invoice billing, cash applications, adjustments, credit card transactions, remote bank deposits, and collections.
- Manage and develop the accounts receivable team by establishing priorities, service expectations, controls, and performance goals.
- Oversee the full order-to-cash cycle and ensure invoices, receipts, credits, write-offs, and adjustments are accurately recorded and supported.
- Monitor aging, delinquency, and collection activity; develop escalation strategies and collaborate with Account Executives and agencies to resolve outstanding balances.
- Research and resolve complex billing, payment, contract, and customer-account issues while maintaining strong internal and external relationships.
- Review and approve account reconciliations, including accounts receivable, revenue, deferred revenue, bank, credit card, and related balance sheet accounts.
- Prepare or review journal entries as needed.
- Own the preparation and distribution of weekly, monthly, and ad hoc accounts receivable reports, dashboards, and management analyses.
- Coordinate accounts receivable activities for month-end and year-end close, audits, and other financial reporting requirements.
- Identify opportunities to improve processes, documentation, systems, controls, and reporting, and lead implementation of approved improvements.
- Use Excel extensively for data analysis, including pivot tables, lookups, aging analysis, and management reporting.
Benefits
- PMC-paid medical, dental, and vision healthcare with no employee paycheck contributions for employees and their families.
- Flexible Spending Accounts for healthcare, dependent care, and commuter expenses.
- Employee Assistance Program.
- Life insurance.
- Short- and long-term disability coverage.
- Paid parental leave.
- 401(k) retirement plan with employer match.
- Company discounts and perks, including pet insurance, home and auto insurance, mortgage discounts, and other savings on wellness, lifestyle, and financial essentials.
- Flexible Vacation Policy.
- Bonus.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
