Description

BE A PART OF SOMETHING SPECIAL - We are Immediately Hiring!

Cozzini Bros. Inc is America’s #1 cutlery exchange service. We keep over 95,000 commercial kitchens nationwide with Cozzini-Engineered sharp knives and blades, exchanged every two weeks. We have engineered the next generation of durable, safety-enhanced cutlery that stays sharp in the most demanding of food service environments. Founded in 1905 as a family business in Chicago, Cozzini Bros has recently emerged as the only nationwide sharpening solution in the USA. Cozzini is driven by six core values: Safety, Service, Trust, Teamwork, Integrity and Continuous Improvement. These values are what give us the cutting edge in knife exchange.

As the Accounts Receivable Manager, you will play a crucial role in ensuring the financial health of our company by effectively managing accounts receivable operations. You will oversee a large customer base, maintain control over Days Sales Outstanding (DSO), manage accounts receivable aging, monitor and reduce bad debt percentage, implement process improvements, and coordinate with third-party collection agencies.

Key Responsibilities:

Accounts Receivable Management:

Manage and maintain accurate records of accounts receivable transactions.
Monitor invoicing, billing, and payment processes to ensure accuracy and efficiency.
Review and reconcile customer accounts to ensure timely and accurate payments.
Implement collection policies and procedures to minimize collection risk and maintain healthy cash flow.
Manage and own the process from Sales order conversion to payment application to collection.
Ensure efficiency and continuous process improvement for the cash application department.

2.DSO Control:

Develop strategies to reduce Days Sales Outstanding (DSO) and improve cash flow.
Analyze trends and identify areas for improvement in the accounts receivable process.
Work closely with sales and customer service teams to resolve issues and expedite collections.
Work closely with the delivery team to resolve customer balances.

3. AR Aging Management:

Monitor accounts receivable aging reports and take appropriate actions to address overdue accounts.
Communicate effectively with customers to resolve payment discrepancies and past-due balances.
Develop and implement collection strategies to accelerate cash collections and minimize bad debt.

4.Bad Debt Reduction:

Analyze bad debt trends and develop strategies to minimize bad debt losses.
Evaluate escalation processes to prevent bad debt of growing.
Collaborate with delivery and sales teams to collect and communicate with customers regarding past dues.

5.Process Control & Improvements:

Identify opportunities to streamline accounts receivable processes and improve efficiency.
Implement automation tools and technology solutions to enhance productivity and accuracy.
Continuously evaluate and optimize the accounts receivable workflow to drive performance improvements.

6.Manage internal and outsourced collection teams.

Manage relationships with third-party collection agencies.
Monitor collection activities and ensure compliance with company policies and regulatory requirements.
Track the progress of the 3rd-party collection on provide directions to deliver results.
Provide management with KPIs to show progress and opportunities.
Provide guidance and support to collection agencies to maximize recovery efforts while maintaining positive customer relationships.

Requirements

Qualifications:

Bachelor's degree in Accounting, Finance, or a related field.
Proven experience in accounts receivable management, preferably in a high-volume environment.
4+ years of people management experience in Accounts Receivable
8+ years of experience in Account Receivable function
Strong understanding of accounting principles and collections processes.
Proficiency in accounting software and Microsoft Excel; experience with ERP systems ( NetSuite )preferred.
Excellent communication, negotiation, and problem-solving skills.
Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
Experience in process improvement initiatives and project management is a plus.