Financial Services Supervisor

Priority1 strives to go beyond simply offering jobs. We foster careers by creating a great working environment for our team members. We hire talented individuals who will provide the best support and can quickly adapt to the rapidly changing world of logistics. These talented men and women drive our business, and we are committed to their success.

Job Summary:

The Accounts Receivable Supervisor is responsible for overseeing the accounts receivable department, ensuring timely and accurate processing of invoices, managing collections, and maintaining customer accounts. This role involves leading a team, implementing best practices, and coordinating with other departments to support financial operations and improve cash flow.

Key Responsibilities

Supervision and Leadership:

• Manage and mentor a team of accounts receivable staff, providing training, support, and performance evaluations.

• Assign and review work to ensure accuracy and compliance with company policies and procedures.

• Foster a collaborative and productive team environment.

• Other duties assigned.

Invoice and Payment Processing:

• Oversee the preparation and issuance of invoices to customers.

• Ensure timely and accurate recording of payments and adjustments.

• Monitor accounts receivable aging reports and follow up on overdue accounts.

Collections Management:

• Develop and implement effective collection strategies to reduce days sales outstanding (DSO).

• Negotiate payment terms and resolve disputes with customers.

• Coordinate with the collections team to address delinquent accounts.

Financial Reporting and Analysis:

• Prepare and present regular reports on accounts receivable metrics, including aging reports, cash flow projections, and collection activities.

• Analyze trends and variances in accounts receivable to identify areas for improvement.

Process Improvement:

• Review and enhance accounts receivable processes to increase efficiency and accuracy.

• Implement and maintain best practices for credit management and collections.

Customer Service:

• Serve as a point of contact for customer inquiries regarding invoices, payments, and account status.

• Address and resolve customer issues or concerns in a timely and professional manner.

Compliance and Audit:

• Ensure compliance with company policies, accounting principles, and relevant regulations.

• Support internal and external audits by providing necessary documentation and explanations.

Qualifications:

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.

• Proven experience (typically 3-5 years) in accounts receivable or a related financial role, with at least 1-2 years in a supervisory position.

• Strong understanding of accounting principles, financial reporting, and collections practices.

• Proficient in accounting software (e.g., QuickBooks, SAP, Oracle) and Microsoft Office Suite, particularly Excel.

• Excellent leadership, communication, and interpersonal skills.

• Strong problem-solving abilities and attention to detail.

• Ability to manage multiple priorities and meet deadlines.

Preferred Skills:

• Experience with ERP systems and advanced accounting software.

• Knowledge of relevant regulations and compliance standards.

• Certification (e.g., Certified Public Accountant or Certified Management Accountant) is a plus.