Accounts Receivable Supervisor in Chicago, Illinois at Milton Industries Inc

The Accounts Receivable supervisor is responsible for supervising the accounts receivable staff, resolving late or skipped payments, updating financial records, and collecting the revenue generated by processing all invoices. They will also oversee the day-to-day operations and strategic goals of the accounts receivable cycle through management, maintenance, implementation, and design of all accounts receivable business procedures and functions for the entire accounts receivable collection process. This position reports directly to the Controller.

Duties & Responsibilities:

· Maintain accurate records and control reports.

· Manage collection activities such as negotiating with past-due accounts, referring accounts to collection agencies, and sending follow-ups.

· Communicate and explain work procedures to subordinates.

· Ensure that operational criteria are reflected in the accounts receivable functions.

· Update receivables by monitoring and coordinating all processing performed on orders that are delivered daily including transactions such as bank remittances.

· Monitor expenditures and implement corrective steps by identifying significant variances.

· Assist in the financial planning with the help of cash forecasting.

· Contribute the essential information to adhere to the strategic goals of the company.

· Direct and lead the work of others in the department.

· Maintain company confidentiality at all times.

· Additional duties as assigned.

· Duties and responsibilities may change, and new ones may be added, at any time with or without advanced notice.

Skills & Qualifications

· High school diploma or equivalent experience preferred

· 3 to 5 years of experience in credit and collections

· Strong Excel skills and proficiency with spreadsheets

· Previous experience in accounts receivable is required