ImageFIRST is a rapidly growing private equity held, healthcare laundry services business, evolving itself into a top of class, organization with a strong cultural footprint, a focus on continuous improvement and recognition of the need for new levels of discipline and execution, across the company. We are seeking an experience Acccounts payable to join our Support Services' team in King of Prussia, PA.
The Accounts Receivable Senior Manager is responsible for leading and managing the accounts receivable (AR) function within the organization. This senior-level role ensures accurate and timely invoicing, collections, and cash application while maintaining strong customer relationships. The Accounts Receivable Senior Manager will develop and implement AR strategies, optimize processes, ensure compliance with financial regulations, and drive team performance to meet organizational goals.
This role is based in our Shared Services center in King of Prussia, PA, five days per week.
- Develop and execute strategic plans for the AR department to improve efficiency, reduce days sales outstanding (DSO), and enhance cash flow.
- Lead, mentor, and manage the AR team, fostering a high-performance culture.
- Collaborate with senior leadership to align AR objectives with overall business goals.
- Oversee the end-to-end AR process, including invoicing, payment processing, cash application, and collections.
- Implement and maintain effective credit and collections policies to minimize bad debt and credit risk.
- Monitor and analyze AR aging reports, ensuring timely resolution of overdue accounts.
- Ensure compliance with GAAP, SOX, and other relevant financial regulations.
- Prepare and present AR performance reports, metrics, and forecasts to senior management.
- Manage cash flow forecasting and general ledger reconciliation processes related to receivables.
- Maintain strong relationships with customers to facilitate timely payments and resolve disputes.
- Collaborate with sales, customer service, and finance teams to address customer payment issues and improve processes.
- Leverage AR software (HighRadius) and automation tools to streamline operations.
- Identify and implement process improvements to continuously enhance efficiency and accuracy.
- Stay updated on industry trends and best practices in AR management.
Qualifications/Requirements:
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field (MBA or CPA preferred).
- 7+ years of experience in accounts receivable, credit management, or related financial roles, with at least 3-5 years in a leadership position.
- Strong knowledge of accounting principles, financial regulations, and AR best practices.
- Proficiency in AR software, ERP systems, and Microsoft Office (Excel, Word, PowerPoint).
- Excellent analytical, problem-solving, and decision-making skills.
- Proven leadership and team management abilities, including leading a team of at least 10 people.
- Strong communication and interpersonal skills to interact with customers and cross-functional teams.
- Experience running a centralized collections team for a multi-site services operation.
- Experience operating in a high transaction environment while still delivering on quality, timeliness and accuracy.
- Experience with process automation and digital transformation in AR.
- Ability to work in a fast-paced environment and manage multiple priorities.
Required Competencies:
Benefits:
EOE / Drug-Free Workplace
We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by applicable law. We are fueled by the talent, passion, and diversity of our associates.
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