Manager Accounts Receivable

Unclassified - East Brunswick, NJ

Full-time - Mid Level

East Brunswick, NJ

About the position

The Manager Accounts Receivable at Avet Pharmaceutical is a pivotal role responsible for overseeing the accounts receivable process within the organization. This position entails managing cash applications, collections, and the resolution of deduction balances. The manager will analyze and reconcile any variances that arise, ensuring that all open receivables are collected in a timely and effective manner. The role requires a strong understanding of financial analysis and cash management, as well as the ability to communicate effectively with both internal teams and external customer accounts payable departments. In this position, the manager will perform daily cash applications on all customer receipts and initiate collection efforts for any past due or disputed balances. A critical aspect of the role involves reviewing and identifying deduction claims, obtaining necessary supporting documentation, and conducting thorough analyses to determine the validity of disputes. The manager will also be responsible for account maintenance, identifying potential credit memo to deduction matches, and ensuring timely responses to inquiries from customers and management alike. The Manager Accounts Receivable will be expected to meet month-end and quarter-end deadlines, create and maintain reports for working capital analysis, and adhere to all safety and cGMP standards. This role is essential for maintaining the financial health of the organization and requires a detail-oriented individual who can manage time effectively and prioritize workloads to meet changing demands. The position reports directly to the Controller of Finance and includes one direct report, a Credit Analyst.

Responsibilities

• Perform daily cash application on all customer receipts.
• Initiate collection efforts on any past due or disputed balances.
• Provide timely review and identification of deduction claims, obtain supporting documentation and conduct review and analysis, coordinating with other functions as necessary to determine validity and dispute where required.
• Perform account maintenance to identify any potential credit memo to deduction matches and offset where applicable.
• Timely response to customer, external departments, and management inquiries, ensuring effective and thorough communication.
• Responsible for meeting month-end and quarter-end deadlines.
• Responsible for creating and maintaining reports for working capital analysis, metric maintenance as well as general ledger account analysis.
• Adhere to all safety and cGMP standards and guidelines, and report unsafe conditions, near misses, and/or injuries in a timely manner.
• Other projects and duties as required/assigned.

Requirements

• Bachelor's Degree in Finance or Accounting required.
• Minimum of 5 years of experience in Accounts Receivable.
• Basic knowledge of financial analysis, cash management, and accounts receivable collections.
• Prior AR & deduction resolution experience in the pharmaceutical industry.
• Excel experience required.
• Great Plains and SAP experience preferred.

Nice-to-haves

• Detail oriented with ability to effectively manage time, prioritizing workload to meet changing demands.
• Demonstrated problem solving skills.
• Ability to identify issues and develop and implement effective solutions, while understanding when to escalate problems/issues.
• Strong oral and written communication skills.
• Ability to use good judgment in making decisions independently.
• Ability to work with all levels of management through daily interface.