Manager, Accounts Receivable

Mythics•Virginia Beach, VA

5d•Hybrid

About The Position

The Manager, Accounts Receivable (AR) is responsible for overseeing all aspects of the AR cycle, including invoicing, collections, cash application, and financial close procedures. This role leads the AR team, drives process improvements, collaborates with cross-functional teams, and provides reporting and insights to support cash forecasting and financial decisions. The Manager, Accounts Receivable reports directly to the Assistant Controller and plays a key role in delivering insight through AR reporting while supporting and developing the AR team.

Requirements

Bachelor's degree in accounting, Finance, Business or related field and/or equivalent combination of education and/or experience.
5-7 years' experience working in progressive accounting roles.
2-3 years' prior supervisory experience is required.
Strong knowledge base of GAAP (Generally Accepted Accounting Principles) and AR best practices.
Proficiency with ERP/accounting systems and advanced Excel skills (VLOOKUP, pivot tables, etc.).
Excellent analytical, organizational, and communication skills, with the ability to convey financial information clearly and professionally.
Ability to hire, train, and manage a high performing team of AR staff engaged in high-volume, transactional accounting activities.
Ability to effectively manage multiple priorities in a fast-paced, deadline driven environment.
Thorough knowledge and demonstrated skills in matters related to accounting and financial policies, procedures, and reporting.
Critical, analytical, and creative thinking to identify and solve problems.
Strong interpersonal skills with the ability to interact with, motivate, and support team members.
Demonstrated ability to drive performance improvements.
Demonstrated expert knowledge and use of MS Office Suite.

Nice To Haves

Work experience utilizing accounting/financial software systems such as Salesforce and Certinia, preferred.
Background in IT and/or government contracting, preferred.

Responsibilities

Oversee the full AR cycle, including invoicing, collections, cash application, adjustments, and financial close procedures.
Manage the daily invoicing process, ensuring accuracy, timeliness, and compliance with contractual terms.
Review contracts and purchase orders to support proper invoicing and billing practices.
Partner with internal departments to resolve customer billing issues.
Lead system enhancements and workflow improvements, partnering with IT and cross-functional teams to reduce manual effort, improve data accuracy and scale AR operations.
Implement and maintain strong internal controls related to billing, cash handling, and credit processes to reduce risk and ensure compliance with company policies and audit requirements.
Support the annual external audit and the monthly, quarterly, and year-end close cycles by providing required documentation and ensuring all AR-related tasks are completed accurately and on schedule.
Prepare and analyze AR Aging and key performance reports to identify trends, risks, and opportunities, and proactively communicate findings to support operational decision-making.
Streamline AR reporting to enhance visibility into aging trends and other key metrics, ensuring leadership receives timely, accurate data for cash forecasting.
Manage the day-to-day operations of the team to include staffing levels, training, procedure and policy adherence, and process improvement.
Lead, mentor, and develop the AR team by establishing meaningful KPIs, providing structured coaching and performance feedback to enhance team performance, recognizing achievements, and building team camaraderie.
Assign workloads and priorities to maximize team capacity and maintain strong productivity and quality of work output across the AR team.
Establish metric expectations of month-end close activities to include accuracy, timeliness of journals, and account reconciliations.
Foster a culture of accountability, accuracy, and continuous improvement.
Maintain up-to-date knowledge of applicable accounting standards and relevant government regulations to ensure compliant execution of responsibilities.
Perform all other duties, as assigned

Benefits

Comprehensive Health, Dental, and Vision plans
Premier 401k retirement plan with corporate matching and a 529 college saving plan
Tax-advantaged Health Savings Account and Dependent Care Flexible Spending Account options
Legal Resources
Generous work/life balance opportunities supported by a PTO bank, paid holidays, leave programs and additional flex time off
Employee referral program
Employee recognition, gift and reward program
Tuition reimbursement for continuing education
Remote or hybrid work options
Engaging company events such as team building activities, annual awards and kick-off parties
Health and wellness-focused activities
Relaxation Spaces
In-office gourmet coffee, tea, fresh fruit and healthy snacks
Corporate GREEN approach - tracking energy consumption for reduction and purchasing only environmentally friendly products for our offices