Director, Accounts Receivable

Bridgeway•Coraopolis, PA

20h

About The Position

The Director of Accounts Receivable is responsible for overseeing the company’s cash application and collection processes, ensuring that policies and procedures are aligned with corporate goals. This role involves monitoring accounts receivable, overseeing the cash application activities and leading the collections team to achieve optimum cash flow while minimizing bad debt exposure. The Director will also develop and implement strategies for continuous improvement of cash application and collection processes. Finally, the Accounts Receivable Director will closely collaborate with the Finance Director on matters involving customer credit and associated credit limits.

Requirements

Bachelor’s Degree in a business or finance/accounting discipline.
10-15 years of progressive private industry experience, with at least 5 years in a supervisory role.
5 years of direct experience in B2B collections

Nice To Haves

Direct experience in the trucking or other transportation services industries (freight brokerage, third-party logistics) is strongly preferred.
Demonstrated experience participating in cross-functional teams to effect business efficiency and process automation improvements relevant to business services.

Responsibilities

Lead and mentor the Cash Application and Collections teams across multiple office locations (including near-shoring), fostering a culture of high performance and accountability.
Establishes departmental processes and procedures and ensures SOP documentation is current and accurate.
Prepares and presents regular reports on cash application activities, collections performance, and key metrics to senior management.
Provides leadership in process automation and efficiency improvement efforts, partnering with IT development resources on the design and maintenance of proprietary applications and evaluation/utilization of purchased software solutions.
Ensures optimum utilization of BillTrust system in driving efficiencies for both cash application and collections activities.
Develops strong communication links with Regional and Direct Channel Presidents to call on them in assisting with collection efforts.
Collaborates with the Finance Director to assist him with customer credit limit decisions.
Effectively communicates with executive management, department managers and other stakeholders in a courteous and professional manner.
Ensures compliance with all relevant regulations, policies, work procedures and instructions.
Other duties as assigned.