Accounts Receivable Supervisor

Milton Industries Inc; Chicago (IL); On-site; USD 65,000 - 85,000; Full time

Job summary

Milton Industries Inc. is seeking an Accounts Receivable Supervisor to oversee the AR staff, resolve late payments, and maintain accurate financial records. The role concentrates on managing collection activities, updating receivables, and guiding the AR team to meet strategic goals.

Direct reports include AR staff, with responsibility to ensure confidentiality. The supervisor will report to the Controller and collaborate on cash forecasting and financial planning, while maintaining compliance

Qualifications

• High school diploma or equivalent experience preferred.
• 3 to 5 years of experience in credit and collections.
• Strong Excel skills and proficiency with spreadsheets.
• Previous experience in accounts receivable is required.

Responsibilities

• Maintain accurate records and control reports.
• Manage collections via negotiation with past-due accounts, referrals to agencies, and follow-ups.
• Communicate and explain work procedures to subordinates.
• Ensure operational criteria are reflected in AR functions.
• Update receivables by monitoring daily orders and related transactions.
• Monitor expenditures and identify significant variances.
• Assist in financial planning with cash forecasting.
• Direct and lead the AR department and maintain confidentiality.
• Duties may change with or without notice.

Skills

Excel

Credit & Collections

Accounts Receivable Knowledge

Education

High School Diploma or equivalent

Job description

Description

The Accounts Receivable supervisor is responsible for supervising the accounts receivable staff, resolving late or skipped payments, updating financial records, and collecting the revenue generated by processing all invoices. They will also oversee the day-to-day operations and strategic goals of the accounts receivable cycle through management, maintenance, implementation, and design of all accounts receivable business procedures and functions for the entire accounts receivable collection process. This position reports directly to the Controller.

Duties & Responsibilities:

• Maintain accurate records and control reports.
• Manage collection activities such as negotiating with past-due accounts, referring accounts to collection agencies, and sending follow-ups.
• Communicate and explain work procedures to subordinates.
• Ensure that operational criteria are reflected in the accounts receivable functions.
• Update receivables by monitoring and coordinating all processing performed on orders that are delivered daily including transactions such as bank remittances.
• Monitor expenditures and implement corrective steps by identifying significant variances.
• Assist in the financial planning with the help of cash forecasting.
• Contribute the essential information to adhere to the strategic goals of the company.
• Direct and lead the work of others in the department.
• Maintain company confidentiality at all times.
• Additional duties as assigned.
• Duties and responsibilities may change, and new ones may be added, at any time with or without advanced notice.

Requirements

Skills & Qualifications

• High school diploma or equivalent experience preferred
• 3 to 5 years of experience in credit and collections
• Strong Excel skills and proficiency with spreadsheets
• Previous experience in accounts receivable is required