Accounts Receivable Manager London, Greater London

London, Greater London

Contractor

Accountancy & Finance

Central Government

£200.00 - £225.00Day



    A great opportunity to join a public sector organisation on an initial interim basis as an Accounts Receivable Manager. This role is offering an initial contract length of 3 months with a day rate up to £225 per day inside scope on IR35.


    This role will be hybrid working with up to 3 days working in the office based in Canary Wharf.


    This position will be held at at an SEO level as part of the accounts receivables team and responsible for billing and collections of payments due to the Agency.


    The purpose of this role is to provide strategic leadership and management to the Accounts Receivables area ensuring it meets key performance metrics such as billing, error-free processing, efficient cash allocation and timely settlement of debtors, whilst providing high quality service to internal and external customers. This role is also responsible for developing and improving processes and controls in the function.


    Key responsibilities:


    *Act as a work stream lead for all O2C transactions, ensuring that the AR team function is operating efficiently and effectively, in accordance with the Agencies' Debt Management Strategy principles and that robust systems of control are in place.


    *Focus on streamlining current collection processes and implementing changes in policies where necessary


    *Lead of and support any internal projects and process and system changes to improve the efficiency of the O2C process


    *Standardise and document O2C processes - develop and document all relevant processes and ensure there are standard operating procedures in place for all areas.


    *Review and implementation of new and existing O2C policies


    *Business Partner with a wide range of key stakeholders across all levels within the business to monitor debt situation to reduce any disputed debts within the business


    *Manage monthly bad debt reporting ensuring all provisions are in line with current agreed policies and that they are fully explainable to Senior management


    *Work closely with the Billing teams to ensure all billing runs are produced promptly and accurately


    *Regularly meet with the businesses to ensure the function delivers support to the businesses, assess debtor profiles, and address any problematic accounts


    *Manage the full Credit Control function across multiple business operating areas


    *Manage, train, and develop current AR team (4+) and highlight critical business hires where necessary


    *Put in place targets and KPI's for the team to maintain their focus on key areas


    *Implementation of control initiatives to ensure team roles and responsibilities are completed effectively and all financial obligations are met


    *Understand and enforce standard operating procedures and ensure key performance indicators are achieved


    *Provide leadership, direction and motivation to the team


    *Strong individual performance management and delivery of an environment that encourages high achievement as well as job satisfaction


    *Manage the relationship and output of the agency's debt collections agencies.


    *Lead month-end close activities for the receivable's ledger, ensuring the ledger is closed and reconciled to timetable.


    *Prepare the year-end transactions schedules for the purposes of external audit and to be the first point of contact in the team for auditor's queries.


    *Any other related responsibility assigned by management from time to time


    LHH Recruitment Solutions acts as an employment agency for permanent recruitment and an employment business for the supply of temporary workers. LHH Recruitment Solutions UK is an Equal Opportunities Employer.


    By applying for this role your details will be submitted to LHH Recruitment Solutions. Our Candidate Privacy Information Statement explains how we will use your information - please copy and paste the following link in to your browser: https://www-uat.lhh.com/us/en/candidate-privacy

    RefBROADBEAN_833651647262307

    Accounts Receivable Manager

    LHH

    5 days ago

    £200.00 - £225.00Day

    Contractor

    Accountancy & Finance

    Central Government

    London, Greater London



      A great opportunity to join a public sector organisation on an initial interim basis as an Accounts Receivable Manager. This role is offering an initial contract length of 3 months with a day rate up to £225 per day inside scope on IR35.


      This role will be hybrid working with up to 3 days working in the office based in Canary Wharf.


      This position will be held at at an SEO level as part of the accounts receivables team and responsible for billing and collections of payments due to the Agency.


      The purpose of this role is to provide strategic leadership and management to the Accounts Receivables area ensuring it meets key performance metrics such as billing, error-free processing, efficient cash allocation and timely settlement of debtors, whilst providing high quality service to internal and external customers. This role is also responsible for developing and improving processes and controls in the function.


      Key responsibilities:


      *Act as a work stream lead for all O2C transactions, ensuring that the AR team function is operating efficiently and effectively, in accordance with the Agencies' Debt Management Strategy principles and that robust systems of control are in place.


      *Focus on streamlining current collection processes and implementing changes in policies where necessary


      *Lead of and support any internal projects and process and system changes to improve the efficiency of the O2C process


      *Standardise and document O2C processes - develop and document all relevant processes and ensure there are standard operating procedures in place for all areas.


      *Review and implementation of new and existing O2C policies


      *Business Partner with a wide range of key stakeholders across all levels within the business to monitor debt situation to reduce any disputed debts within the business


      *Manage monthly bad debt reporting ensuring all provisions are in line with current agreed policies and that they are fully explainable to Senior management


      *Work closely with the Billing teams to ensure all billing runs are produced promptly and accurately


      *Regularly meet with the businesses to ensure the function delivers support to the businesses, assess debtor profiles, and address any problematic accounts


      *Manage the full Credit Control function across multiple business operating areas


      *Manage, train, and develop current AR team (4+) and highlight critical business hires where necessary


      *Put in place targets and KPI's for the team to maintain their focus on key areas


      *Implementation of control initiatives to ensure team roles and responsibilities are completed effectively and all financial obligations are met


      *Understand and enforce standard operating procedures and ensure key performance indicators are achieved


      *Provide leadership, direction and motivation to the team


      *Strong individual performance management and delivery of an environment that encourages high achievement as well as job satisfaction


      *Manage the relationship and output of the agency's debt collections agencies.


      *Lead month-end close activities for the receivable's ledger, ensuring the ledger is closed and reconciled to timetable.


      *Prepare the year-end transactions schedules for the purposes of external audit and to be the first point of contact in the team for auditor's queries.


      *Any other related responsibility assigned by management from time to time


      LHH Recruitment Solutions acts as an employment agency for permanent recruitment and an employment business for the supply of temporary workers. LHH Recruitment Solutions UK is an Equal Opportunities Employer.


      By applying for this role your details will be submitted to LHH Recruitment Solutions. Our Candidate Privacy Information Statement explains how we will use your information - please copy and paste the following link in to your browser: https://www-uat.lhh.com/us/en/candidate-privacy

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