Accounts receivable manager

Methode Electronics, Inc. (NYSE: MEI) is seeking a highly motivated individual for a position as Accounts Receivable Manager to be part of our U.S. Accounting Shared Services group based in Southfield, MI at our corporate office. You will oversee an Accounts Receivable team, direct the issuance of invoices and cash application while managing the customer master maintenance process. You will also ensure employees are following established policies and that required documentation is obtained and stored. This role will also interact and work closely with Company’s accounting team in Mexico.

Position Responsibilities:

• Provides guidance in the daily operation of the Billing and Cash Application teams ensuring employees are provided with the knowledge and skills necessary to perform their job
• Performs monthly close processes ensuring Billing and Cash Applications are prepared for closing each month. Works with appropriate parties to ensure any errors or issues identified are resolved to close the period timely
• Maintains the close schedule, scheduling of subsystem feeds and making materiality decisions on close entries
• Prepares monthly report balancing the sub ledgers to GL and identifies any variances and work with appropriate parties to resolve
• Provides management reporting and audit support specific to Accounts Receivable
• Processes and approves write offs ensuring proper approvals have been obtained
• Performs testing in financial system
• Ensures compliance, approval verification, and quality control review processes are followed and monitors expense accounts
• Works with Treasury in developing and maintaining lockbox and banking relationships
• Drives DSO improvement across organization; manages credit and collections domestically; improves the existing processes to recover delinquent accounts; minimizes past due accounts, achieves target DSO and establishes reasonable credit terms and collection tactics
• Monitors and evaluates domestic accounts receivable, coordinates credit issues and decisions for domestic customers
• Manages policies related to credit extension to customers and collections
• Reviews data/reports and identifies issues and recommends action items and reviews credit reports / references for new accounts when applicable
• Coordinates with external legal contacts and manages the clients who are in financial difficulty or in bankruptcy
• Handles control and reporting for Credit & Collection function and manages credit & collection processes, improvements and system functionality
• Prepares monthly Accounts Receivables and DSO analysis and prepares and manages write-offs and allowance for doubtful accounts reserve analysis
• Reviews credit reports / references for new accounts when applicable
• Plans short and long-term strategies to achieve goals and objectives of the department and reviews the existing policies, processes and procedures and identify any process deficiencies and recommends action items for process improvement
• Prepares SOX compliance control documents
• Performs other duties as assigned
  
  

Qualifications:

• Bachelor’s degree required, preferably in accounting or finance
• 5+ years of experience in accounts receivable or a related field
• 2+ years of supervisory experience
• Experience in accounting and financial systems required
• Proficient in Excel and other Microsoft applications
• Strong customer service orientation including the ability to create partnerships with business leaders and trusted relationships with key stakeholders
• Strong analytical skills to efficiently evaluate A/R, trends, past due customers, and allowance balance analysis
• Accounting skills to effectively interface with accounting team and manage credit and collection G/L accounts
  
  

The base pay hiring rate expected for this position is: $100,000K-$120,000K.

This position is eligible to participate in an incentive plan. Metrics and level of participation are determined annually.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must occasionally lift and/or move up to 15 pounds. Specific vision abilities required by this job include Close vision, Distance vision, Peripheral vision, Depth perception and Ability to adjust focus. While performing the duties of this Job, the employee is regularly required to reach with hands and arms and talk or hear. The employee is frequently required to stand; walk; sit and use hands to finger, handle, or feel.

Mental Demands:

While performing the duties of this position, the employee will be regularly required to use written and oral communication skills; read and interpret data, information and document. Analyze and solve problems with patience and ability to manage stress. Observe and interpret situations; learn and apply new information or skills.

Benefits and Perks

Methode offers US employees Medical, Dental, Vision, Hearing, Life & Disability insurance, a wellness program, and time off benefits.

Voluntary benefit plans include Accident, Hospital Indemnity and Pet Insurance.

Methode provides an Employee Assistance Program, and participation in the Company’s 401(k) plan which includes a company contribution.

Base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Hourly employees will also be paid overtime pay when working qualifying overtime hours.

Methode Electronics is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, genetic information and other legally protected characteristics per the EEO Poster available here . If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] or call (708) 867-6777 and let us know the nature of your request and your contact information.