AR Manager Deductions & Reporting

Company: Creative Financial Staffing
Location: Stamford
Posted on: September 15, 2023

Job Description:

AR Manager of Deductions & Reporting

Why should you join this company?

• Located in a beautiful, open-concept office space.
  
• They have a portfolio of iconic household brands and have become the nation's leading company in their industry!
  
• The company offers free lunch/breakfast every Friday.
  
• Opportunity to grow in other areas of Accounting and Finance, for someone looking for upward mobility.
  Primary Position Responsibilities of AR Manager:
  
  • The AR Manager will supervise a team, research, and validate trade and non-trade deductions.
    
  • Responsible for day-to-day workload oversight for the deductions team, including prioritizing where to concentrate efforts towards specific trade deductions, non-trade deductions, or customers. Work will be performed in TPM/Exceedra (Trade Management system) and the accounts receivable ledger (Microsoft AX) and our customer and logistics portals.
    
  • Train team and provide guidance on efficient resolution tactics and develop/Maintain SOP documentation.
    
  • The AR Manager will partner with sales team and brokers to dispute and collect invalid deductions.
    
  • Perform research on recurring deductions, identify trends and help in identifying root causes and solutions to prevent deductions from continuing. Partner with Operations, Customer service, Finance and Sales teams as well as customers to achieve this goal.
    
  • Work in coordination with the cash application team to identity any customer or payment trends and recover invalid claims.
    
  • The AR Manager will identify and implement process improvements and partner with IT to implement technology solutions that will make the resolution of trade and non-trade deductions more accurate while reducing cycle times.
    
  • Develop forecasts for non-trade deductions based on trends.
    
  • Provide monthly reporting to finance and operations management to identify deduction trends, monitor productivity & track results of all business units.
    
  • The AR Manager will partner with other Departments to provide financial insight on process gaps, opportunities and specifically the impact of deductions on cash flow.
    Position Qualifications AR Manager:
    
    • Bachelor's degree in Accounting or Finance.
      
    • 5+ years Accounts Receivable experience and 3 years supervisory experience. Prior experience working with deduction policies and procedures while collecting invalid deductions is highly preferred.
      
    • Knowledge with Trade Management systems and deduction processing tools; TPM/Exceedra highly preferred
      
    • Proficiency in Microsoft Excel (eg. Pivot Tables, V-lookups, formulas etc.)
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Keywords: Creative Financial Staffing, Stamford , AR Manager Deductions & Reporting, Executive , Stamford, Connecticut