Accounts Receivable Manager

Bosch Group

full-time manager Lincolnshire, IL, United States · More jobs in Lincolnshire, Illinois, United States

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Job Description

The Accounts Receivable Manager oversees and leads the daily operations of the Accounts Receivable (A/R), credit risk management, and customer onboarding functions. In addition to ensuring seamless billing, cash application, and collections, this role champions departmental continuous improvement by incorporating modern data analytics, hands-on workflow automation, and digital productivity tools. The objective is to elevate operational accuracy, streamline intercompany and trade reconciliations, and optimize the end-to-end invoice-to-cash cycle.

Core Accounts Receivable Operations & Credit Management

• Operational Leadership: Direct and oversee the daily activities of the Accounts Receivable team, ensuring timely and accurate customer billing, payment posting, and ledger reconciliation.
• Customer Onboarding & Credit Assessment: Lead credit evaluation processes for new customers, including application reviews, credit risk scoring, trade reference verification, credit limit recommendations, and master data setup.
• Continuous Credit Monitoring: Perform annual credit limit reviews and execute monthly exposure monitoring to proactively mitigate financial and credit risk.
• Dispute Resolution & Collections: Monitor aging accounts, delayed payments, deduction balances, and transaction irregularities. Coordinate proactive follow-up on overdue accounts and drive timely resolution of disputed invoices.
• Cross-Functional Collaboration: Partner actively with Sales, Logistics, Billing, and Customer Service teams to resolve underlying root causes of customer payment discrepancies and ensure clean order-to-cash handoffs.
• Customer Relations: Build and maintain professional relationships with key customer accounts to facilitate prompt payments and resolve escalations efficiently.
• Compliance & Internal Controls: Ensure strict adherence to internal financial controls (e.g., ICS), organizational accounting guidelines, and applicable statutory regulations.
Process Optimization & Digital Modernization

• Hands-on Process Automation: Identify repetitive, rule-based administrative tasks across invoicing, billing exceptions, and cash matching. Design and deploy targeted workflow automations using approved enterprise automation platforms.
• Advanced Reconciliations: Streamline and automate monthly intercompany Accounts Receivable and Accounts Payable reconciliation processes to accelerate closing cycles and eliminate balance variances.
• Data-Driven Analytics & Reporting: Design, automate, and maintain dynamic reporting dashboards for aging analysis, cash collection forecasts, dispute trackers, and executive KPI summaries.
• Digital Tool Integration: Drive the department to utilize approved digital assistants and modern productivity tools (such as generative AI models and custom GPT workflows) to accelerate routine communications, standardize dispute response templates, and enhance internal documentation.