Teva Pharmaceuticals - Weston, FL
posted 4 months ago
The Associate Director, Accounts Receivable at Teva Pharmaceuticals is a pivotal role responsible for overseeing the administration and monitoring of credit risk exposure while managing the performance of the Credit & Collections staff. This position is integral to ensuring the financial health of the organization by managing cash flow and monitoring customer accounts and Days Sales Outstanding (DSO). The Associate Director will work closely with various departments, including IT and Sales, to align financial strategies with business objectives. Reporting directly to the Director of Accounting, this role will lead a team of approximately 15 exempt and non-exempt employees, fostering a culture of performance excellence and accountability. In this role, the Associate Director will be accountable for granting credit, determining credit levels, and conducting extensive periodic reviews to monitor credit risk exposure. The position requires the development and reporting of key performance indicators to forecast bad debt exposure and assist in annual budgeting processes. The Associate Director will also manage cash inflow forecasting in collaboration with the Treasury department and assist in implementing strategic initiatives aimed at cost reduction, process improvement, and revenue growth. The role involves close collaboration with Sales and cross-functional teams to support business growth while mitigating financial risks. Effective communication of financial concerns and operational issues is essential to ensure alignment with customer and business strategies. The Associate Director will analyze economic and industry conditions to evaluate changes in customers' creditworthiness and adjust credit limits accordingly. Additionally, the position requires interaction with external customers to resolve billing issues and customer service complaints, often in challenging situations such as held orders or disputes. The Associate Director will set clear performance standards, motivate and develop team members, and manage third-party service providers for system functionalities. This role is critical in creating a high-performance culture within the team, ensuring that all members are aligned with the company's financial objectives and operational excellence.