Accounts Receivable

Inspiretci; Vaughan; On-site; CAD 85,000 - 105,000; Full time

Job summary

Inspiretci in Vaughan, ON seeks a full-time Accounts Receivable Lead to supervise the AR team, ensure timely cash collection, and meet financial targets.

You will authorize sales orders, coordinate with sales for credit applications, monitor payments, resolve discrepancies, and support month-end processes.

Qualifications

• Minimum of 3 years' AR experience in an ERP environment.
• Experience with collections and dispute resolution.
• Proficient in Word, Excel and Outlook for daily tasks.
• Ability to make independent credit decisions per guidelines.
• Strong communication and collaboration skills.

Responsibilities

• Lead and supervise the AR team and achieve financial targets.
• Evaluate and authorize sales orders per procedures.
• Collaborate with sales to file proper credit applications.
• Monitor and process customer payments and resolve payment discrepancies.
• Guide the sales team in dealing with unpaid invoices and collections.
• Manage daily bank deposits and reconcile bank transactions.
• Handle credit processing and returns per established protocols.
• Review aging reports and contact overdue customers.
• Forecast cash receipts and escalate collection issues to stakeholders.
• Support month-end, quarter-end, and year-end AR reconciliations.
• Maintain organized files and comply with policies.
• Undertake other accounting duties as needed.

Skills

Customer collections

Credit decisions

Communication skills

Team leadership

Attention to detail

Tools

ERP systems

Microsoft Excel

Microsoft Word

Outlook

Job description

We are seeking a full-time Accounts Receivable Lead for our manufacturing client based in Vaughan, ON

Responsibilities:

• Lead and supervise the Accounts Receivable (AR) team, ensuring efficient operations and achievement of financial targets.
• Evaluate and authorize sales orders in accordance with company procedures
• Collaborate with the sales team to ensure comprehensive documentation and proper credit applications are filed for each sale
• Monitor and process customer payments, address inquiries about customer accounts, and resolve any payment discrepancies.
• Offer guidance and support to the sales team in dealing with unpaid invoices and assist in collections efforts.
• Manage daily bank deposits and reconcile bank transactions.
• Handle credit processing and returns, following established protocols.
• Regularly review aging reports and take proactive measures by contacting customers with overdue balances to facilitate prompt payments.
• Analyze and document information about customers' financial status and collection efforts.
• Forecast cash receipts and elevate collection issues to the appropriate internal and external stakeholders.
• Provide prompt and accurate responses to accounts receivable inquiries from employees and customers.
• Assist in month-end, quarter-end, and year-end processes and reporting, including accounts receivable and deferred revenue reconciliations.
• Maintain meticulous and organized files and documentation, complying with company policies and accounting practices.
• Undertake any other pertinent accounting duties as needed.

Skills/Experience:

• Minimum of 3 years' experience in accounts receivable within an ERP environment.
• Minimum of 3 years' experience in accounts receivable with collections and dispute resolution
• Exhibit proficiency in customer collections, maintaining customer relationships, and assessing customer credit.
• Demonstrated experience in preparing accounts receivable and deferred revenue reconciliations, along with monthly reporting.
• Competency in data entry, generating invoices, forms, and reports using an ERP system.
• Ability to make independent credit decisions based upon company guidelines
• Ability to adapt to changing priorities and requirements.
• Must be proficient in Word, Excel, Outlook
• Excellent verbal and written communication skills.
• Must be detail oriented and be able to work under pressure
• Strong collaboration and team-oriented mindset.
• Openness to giving and receiving feedback.