Director, Billing & Collection

ABOUT THIS POSITION

We are seeking an experienced and strategic Director of Accounting – Billing & Collections to lead our billing operations and receivables management. This position plays a critical leadership role in overseeing the end-to-end billing cycle, optimizing accounts receivable processes, and ensuring the timely and accurate collection of receivables. The ideal candidate will bring deep expertise in financial operations, customer invoicing, revenue assurance, and team leadership.

WHAT YOU'LL DO

Leadership & Strategy: 

• Lead, develop, and mentor a high-performing team responsible for billing, accounts receivable, and collections. 

Billing Operations: 

• Oversee the timely and accurate issuance of customer invoices across all business units. 

• Ensure compliance with contract terms, pricing structures, and regulatory requirements. 

• Work with sales, operations, and customer success teams to resolve billing disputes. 

Collections Management: 

• Develop and implement proactive collection strategies to minimize DSO (Days Sales Outstanding). 

• Monitor aging reports and direct collection efforts for delinquent accounts. 

• Maintain effective communication with customers regarding payment status and issues. 

Process Improvement & Automation: 

• Identify opportunities for automation and process enhancements within billing and collections. 

• Lead system improvements or ERP enhancements to support scalable billing operations. 

Reporting & Controls: 

• Provide regular reporting on billing accuracy, cash collections, A/R aging, and other key metrics. 

• Maintain strong internal controls over billing and collections to ensure financial integrity. 

• Assist with audit preparation and respond to external and internal audit requests. 

WHAT YOU'LL NEED

• Bachelor’s degree in Accounting, Finance, or related field (CPA or MBA preferred). 

• 7+ years of progressive accounting experience, with at least 3 years in a leadership role focusing on billing and/or collections. 

• Proven experience managing large-volume billing and A/R operations in a complex or fast-paced environment. 

• Strong understanding of GAAP, revenue recognition, and financial controls. 

• Experience with ERP systems (e.g., NetSuite, SAP, Oracle) and billing platforms. 

• Excellent analytical, communication, and leadership skills. 

• Experience in SaaS, subscription billing, or service-based industries. 

• Familiarity with ASC 606 revenue recognition standards. 

• Demonstrated success in reducing DSO and improving collection efficiency. 

• Change management and process reengineering experience. 

• Active use of artificial intelligence (AI) tools and techniques to enhance performance, drive innovation, and improve decision-making across business functions.

• Ability to leverage AI tools and platforms to streamline workflows, improve decision-making, and drive innovation.

• Curiosity and adaptability in exploring emerging AI technologies, with a mindset for continuous learning and experimentation.

ABOUT WAYSTAR

Through a smart platform and better