Accounts Receivable Manager

About the position

Kforce's client, a Publicly Traded Financial Services Company located in Northern NJ is expanding and looking for an Accounts Receivable Manager to join their team. This person will manage the overall functions related to internal and external premium receivables including the status and age of all direct bill and agency billed balances, the relationships with third party collection vendors (collection agencies and collection attorneys) and minimizing bad debt write-offs. The Accounts Receivable Manager reviews monthly past due amounts, legal fees and charge-offs against established targets and/or budgets and ensures all are tracking as expected.

Responsibilities

• Manage overall functions related to internal and external premium receivables.
• Oversee the status and age of all direct bill and agency billed balances.
• Maintain relationships with third party collection vendors.
• Minimize bad debt write-offs.
• Review monthly past due amounts, legal fees, and charge-offs against established targets and/or budgets.

Requirements

• Degree in Accounting, Finance, Economics or Business.
• 7-10 years of collection, settlement, and overall receivable management experience.
• 5-7 years of managing a receivables unit and third-party collection firms.
• 3-5 years working with the legal aspects of collections, including suits, judgments, and bankruptcies.
• 1-3 years of P&C insurance experience preferred.
• Management experience, including strategy development, performance appraisals, determining appropriate staffing levels and assigning job responsibilities to meet business needs.
• Complete understanding of internal and external collections, dispute resolution and payment negotiation.
• Thorough understanding of suits, judgments, and the bankruptcy process.
• Leadership and mentoring skills.
• Decision making and problem solving abilities.
• Excellent written and verbal communication skills.
• Proficient in MS Office software.