Senior Credit and Accounts Receivable Manager

Luminator Technology Group - Plano, TX

Full-time - Senior

Remote - Plano, TX

Miscellaneous Manufacturing

About the position

Luminator Technology Group (LTG) is seeking a Senior Credit and Accounts Receivable Manager to oversee and enhance the accounts receivable operations. This role involves managing invoicing, collections, reconciliations, and reporting, with a focus on driving process improvements and managing client relationships. The ideal candidate will possess strong leadership skills, problem-solving abilities, and effective communication skills to align the AR team's performance with LTG's financial goals.

Responsibilities

• Lead and manage the Accounts Receivable (AR) team, fostering a collaborative and high-performance work environment.
• Provide training, mentorship, and performance management to team members, encouraging professional growth and development.
• Design and effectively communicate how the performance of the team is to be evaluated.
• Ensure alignment with organizational values, policies, and compliance standards.
• Oversee the end-to-end accounts receivable process, including invoicing, collections, payment posting, credit management, and reconciliations.
• Detect and analyze constraints and issues in the order-to-cash process and collaborate with other departments in the implementation of corrections and/or improvements to the process.
• Ensure timely and accurate posting of payments, processing of adjustments, and resolution of discrepancies.
• Monitor and manage the AR aging report to ensure timely collections and minimize overdue balances.
• Identify and implement process improvements to streamline AR operations, reduce cycle time, and enhance accuracy.
• Collaborate with IT and finance teams to leverage technology solutions for automation and improved efficiency.
• Establish and document AR procedures and controls to enhance compliance and support internal/external audits.
• Serve as the primary point of contact for key clients and resolve escalated issues or disputes effectively.
• Work closely with all appropriate departments to ensure client satisfaction and alignment on payment terms.
• Build strong relationships with key stakeholders across LTG to facilitate smooth operations and information flow.
• Review and evaluate credit applications, establish credit limits, and assess the financial risk of clients.
• Implement effective credit policies and procedures and monitor adherence to ensure compliance and risk mitigation.
• Collaborate with finance leadership to develop strategies for minimizing credit risk and optimizing cash flow.
• Prepare and present AR reports, including key metrics such as DSO, aging analysis, collection effectiveness index, and cash flow forecasting.
• Provide insights and recommendations based on AR data to support strategic decision-making.
• Oversee and review the month-end AR reconciliation and Management Report.
• Collaborate with finance teams on month-end and year-end close processes, ensuring accuracy and compliance.
• Ensure all AR processes adhere to LTG's policies, accounting standards, and regulatory requirements.
• Support audits by preparing documentation, answering inquiries, and working closely with auditors.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field.
• 7+ years of experience in accounts receivable management, credit, or collections, with at least 3 years in a leadership role.
• Proven track record in process improvement and managing AR operations in a mid to large-scale organization.
• Strong understanding of accounting principles and financial reporting.
• Proficiency with ERP systems and accounting software, with advanced skills in Microsoft Excel, Outlook, Word, and PowerPoint.
• Excellent communication (written and verbal) and negotiation skills, with the ability to resolve complex issues.
• High attention to detail, analytical thinking, and a proactive approach to problem-solving.
• Demonstrates a commitment to ethical practices and upholds confidentiality and compliance in all transactions.
• Utilizes data-driven insights to drive process improvements and support business goals.