Assistant Manager, Accounts Receivable

Company:	Covance Company Profile \| Current Opportunities (1)
Job Location(s):	Madison
Employment Term:	Regular
Employment Type	Full Time
Start Date:	As soon as possible
Starting Salary Range:	Not Provided
Required Experience:	Open
Related Categories:	Accounting - General

Position Description

Business Title	Assistant Manager, Accounts Receivable
Requisition ID	22966BR
Job Category	Finance/Accounting
Locations	USA - Madison, WI
Shift	1
Job Posting	Covance offers extraordinary career opportunities to our employees. Here you will find a place to learn, grow, and achieve a place to call your professional home. We provide the opportunity for a career with purpose in an environment that values achievement and supports a balance between personal and professional lives. We invite you to join us at Covance and to work with us in bringing hope to millions of patients around the world. We believe this decision may be the most rewarding career move you will ever make. This position will supervise and oversee accounting operations and staff of the Accounts Receivable functions (direct supervision over collections and indirect over billings), ensure maximization of cash receipts through oversight of and participation in cash collection activities for multiple locations and service lines and lead efforts in process improvements, implementation of best practices, and development of staff within areas of responsibility. ESSENTIAL JOB DUTIES: Performs general supervisory duties including full range of recruitment and performance evaluation activities, schedules work, and prepares training plans Manages and supervises the Accounts Receivable function; responsible for cash receipts, credit approvals, cash collection activities, rebate accruals, and management of A/R Aging and DSO Ensure ongoing maintenance of AR metrics Complete credit reviews and make recommendations regarding terms and credit limits Assist with AR review of open accounts receivable Manage difficult accounts and client situations Responsible for maximizing the accuracy, timeliness and efficiency of transaction processing and overall accounting operations in A/R Makes recommendations for improvements in processes and/or quality of information reported and assists with implementation of action plans Initiate negotiations and propose settlement terms on open AR for delinquent accounts Ensures appropriate level of reporting communication with local and corporate management regarding A/R status, collection activities, problem accounts and other various issues Conducts monthly A/R review meetings with staff and Finance management including focus on extensive detailed tracking and drivers for improving DSO (preparation, analysis, narratives) Prepares A/R account reconciliations, journal entries, monthly reports, narratives and ensures month end close deadlines are consistently met Assists in the preparation of monthly cash flow forecasting Assists with the development and implementation of A/R financial policies and procedures, and compliance with internal Sarbanes Oxley controls and Company policy Assists A/R Manager and Controller with other related duties, ad hoc requests or special projects as assigned
Education/Qualifications	BS degree in Accounting, Finance or related field required.
Experience	A minimum of 8-10 years of related experience, including a minimum of 5 years of supervisory experience required. Professional certification (CPA, CMA) preferred. Requires meticulousness, and the ability to be persistent while maintaining tact (organized, accurate and detail oriented to drive activities on a daily basis) Experience in a high volume, fast paced environment is essential Proven ability to review and analyze data Knowledge of A/R best practices Knowledge and extensive hands on working experience with Excel, Word, and MS Office products; PeopleSoft experience preferred Communicate professionally and effectively with internal and external customers Excellent written and verbal communication skills in a critical client facing role At Covance, we help make the miracles of medicine a reality. We offer opportunities to work on diverse, challenging projects with bright, interesting colleagues while building a flexible and rewarding career. Covance is committed to diversity in the workplace and is an equal opportunity employer. (M/F/D/V). Your confidentiality and privacy are important to us.