The AR Manager manages collection activities such as sending follow-up inquiries, negotiating with past due accounts, keeping track of cash receipts and referring accounts to collection agencies. Controls all activities in the accounts receivable function. Being an AR Manager creates financial reports relating to account receivable function and status of accounts. Ensures accurate receivable records and verifies outstanding account balances. In addition, AR Manager audits methods and procedures of accounts receivable function to improve efficiency. Requires a bachelor's degree of accounting or finance. Typically reports to a director. The AR Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Working as an AR Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)
The AR, Cash, and Lease Accounting Subject Matter Expert (SME) consultant is an expert in financial operations, specializing in Accounts Receivable (AR), Cash management, and Lease Accounting processes. They provide invaluable guidance to organizations, ensuring compliance with accounting standards (e.g., ASC 842 and IFRS 16) while optimizing financial efficiency. Their role involves assessing and streamlining AR procedures, enhancing cash flow management strategies, and offering insights on lease accounting complexities. By leveraging their deep understanding of industry regulations and best practices, they empower businesses to accurately record financial transactions, enhance decision-making, and maintain a strong financial footing.
Wayne County is actively seeking an adept AR, Cash, and Lease Accounting SME consultant proficient in Oracle Cloud. The ideal candidate possesses a proven track record in navigating complex financial landscapes. This expert will play a pivotal role in ensuring compliance, enhancing financial efficiency, and providing valuable insights. Their Oracle Cloud experience will enable our client to effectively harness the platform's potential for robust financial management.
Responsibilities:
- Lead the enhancement of AR, cash management, and lease accounting processes in accordance with ASC 842 and IFRS 16 standards.
- Provide expert consultation on complex financial transactions, ensuring accuracy and compliance.
- Collaborate with cross-functional teams to streamline AR procedures, optimize cash flow management strategies, and manage lease agreements effectively.
- Offer insights and recommendations for process improvements, risk mitigation, and financial decision-making.
- Deliver expert knowledge in lease accounting intricacies, including lease classification, valuation, and financial reporting.
- Stay current with industry trends, accounting standards, and best practices to drive continuous process innovation.
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