Accounts Receivable Manager

Harmonia Holdings Group, LLC is an award-winning, rapidly growing federal government contractor committed to providing innovative, high-performing solutions to our government clients and focused on fostering a workplace that encourages growth, initiative, creativity, and employee satisfaction.  

 

Harmonia Holdings Group, LLC is currently seeking an Accounts Receivable Manager.

Position Summary:

The Accounts Receivable (AR) Manager is responsible for managing the organization's accounts receivable process, ensuring compliance with government contract requirements, and maintaining cash flow health. This role requires a deep understanding of federal government contracting regulations, such as FAR, DFARS, and agency-specific invoicing systems, to oversee billing and collections accurately and efficiently.

Key Responsibilities:

1. Invoicing and Billing:
• Prepare and review invoices in compliance with federal government contract requirements (e.g., CPFF, FFP, T&M).
• Ensure all invoices adhere to contractual terms, FAR/DFARS guidelines, and applicable agency billing systems (e.g., WAWF, IPP, or DELTEK).
• Address invoice rejections or disputes promptly by coordinating with internal and external stakeholders.
2. Collections and Cash Flow Management:
• Monitor accounts receivable aging reports and ensure timely collection of payments.
• Communicate with government agencies, primes, or subcontractors to resolve payment delays.
• Develop strategies to improve the cash collection process and reduce Days Sales Outstanding (DSO).
3. Compliance and Documentation:
• Maintain detailed records of invoices, collections, and adjustments for audit purposes.
• Ensure compliance with all federal acquisition regulations, including proper support for cost and time tracking.
• Partner with the finance team to reconcile accounts and ensure accurate financial reporting.
4. Team Leadership and Collaboration:
• Supervise, train, and mentor AR team member.
• Collaborate with program managers, project teams, and contract administrators to ensure proper project billing setup and compliance.
• Serve as a liaison between the finance team and external auditors during audits (DCAA, financial audits, etc.).
5. Reporting and Analysis:
• Generate regular AR performance reports, including aging schedules, DSO metrics, and cash flow forecasts.
• Identify trends or issues in receivables and recommend corrective actions.
• Assist in the preparation of monthly, quarterly, and year-end financial reports.
6. Process Improvement:
• Implement process improvements and automation tools to enhance billing accuracy and reduce collection times.
• Establish internal controls and standard operating procedures to strengthen the AR function.

Qualifications:

1. Education:
• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field (in lieu of degree, 4 years of additional experience can be substituted)
2. Experience:
• Minimum of 5+ years of experience in accounts receivable, billing, collections, or financial management is required.
• Government Contracting experience is required. 
• Strong knowledge of federal government invoicing processes and systems (e.g., WAWF, IPP).
• Familiarity with cost-type, fixed-price, and time-and-materials contracts.
3. Skills and Competencies:
• Comprehensive understanding of FAR/DFARS and other government contract compliance requirements.
• Proficiency with accounting and ERP systems (e.g., DELTEK Costpoint (preferred), Unanet).
• Advanced Excel skills (e.g., pivot tables, VLOOKUPs).
• Excellent problem-solving, analytical, and organizational skills.
• Strong verbal and written communication skills to interact with government officials and internal teams.

Work Environment:

• Hybrid

Key Metrics for Success:

• Reduction in Days Sales Outstanding (DSO).
• Timely and accurate submission of invoices with minimal rejections.
• Adherence to government compliance requirements.
• Positive cash flow contributions through effective collections.

#DICE #LI

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