Head of Accounts Receivable & Billing

Arcus are currently recruiting for a Head of Accounts Receivable & Billing who will take responsibility for the overall invoicing, collection and cash application activities and timely management of all AR aging components. This role will oversee both the credit control and billing and invoicing areas, and will be highly visible, requiring a strong leader with the ability to prioritise, plan, and firmly direct the department to achieve high performance and effective operational delivery. Responsibilities This role will be responsible for the management of the accounts receivable team covering credit control, billing and invoicing, and will direct initiatives to improve working capital, including account monitoring, aligning Accounts Receivable (AR) days sales outstanding (DSO), and ensuring effective and efficient processing of AR functions. Other responsibilities include:

• Take responsibility for the overall invoicing, collection and cash application activities and timely management of all debt collection components.
• Manage and streamline the billing and collection process and cash application functions for the company, leveraging technology for improving efficiency and accuracy in the accounts receivable function.
• Continuously review and implement new technological solutions to ensure the Company is at the forefront of innovation in financial management.
• Set and implement clear goals and targets for invoicing (volume and values) and collections that align with the company strategy and guide the team towards achieving these financial objectives.
• Through leadership, create a climate that not only achieves the objectives, but also fosters team working and collaboration.
• Manage the monthly AR close process including preparation of month end schedules including DSO, aged debtors and accrued income.
• Review of collection reports to ascertain status of collections and balances outstanding and reduce collection cycle times (DSO) where possible. Support with accrued and deferred income calculations and use of same to prioritise work.
• Compile and dissect financial data generating accurate reports to monitor the health of receivables and ensure the company's cash flow remains optimal. This includes interpretation of data trends, forecasting future revenue and cashflows, and providing strategic insights to stakeholders.
• Document trends and initiate corrective action to ensure maximum cash reimbursement, prompt payment for services rendered and uninterrupted cash flow.
• Work closely with account management heads across the business to ensure collection guidelines are adhered to and issues quickly resolved.
• Develop strategic planning and forecasting strategies that align with the company's financial goals, utilising a forward-thinking approach to managing receivables, anticipating challenges, and preparing for economic shifts all contributing to the resilience and financial stability of the Company.
• Provide mentoring and training and development opportunities for the team, fostering a culture of accountability and continuous improvement. Provide strong leadership ensuring that the accounts receivable team operate cohesively and effectively contributes to the company's financial stability.
• Ensure level of debt write off kept to an absolute minimum
• Oversee issuing of regular statements to customers as part of the credit control function.
• Working with Business Development to ensure processes and invoicing requirements for new customers is in line with Arcus expectations and play a role in negotiating these were possible, ensuring requirement for new business is understand and priced accordingly.
  
  The successful candidate will have proven work experience as a Head of Accounts Receivable or Accounts Receivable Manager; leading a team driving departmental performance and implementing process improvement. Financial acumen is an essential skill for this role, from precise reporting to strategic cash flow management, for robust accounts receivable oversight, as are thorough technical knowledge and understanding of the work practices, systems, processes and procedures relevant to the role.
Other requirements include;
• Experience of managing complex billing processes.
• Experience of leading, coaching and mentoring to develop others
• Knowledge of general accounting principles (GAAP).
• Experience in working with customers to resolve issues and forming strong relationships.
• Adaptability and a mindset geared towards continuous improvement are essential.
• Possess strong interpersonal and communication skills, both verbal and in writing, for successful collaboration, interaction and communications with all stakeholders
• Sound analytical and problem solving capability
• Possess good planning and organisational skills to balance and prioritise work; be able to work under pressure and meet assigned deadlines
• Have a high level of integrity
• Ability to develop action plans and follow-up to completion.
• Technological proficiency in the Microsoft Office suite of products, particularly Excel and other data analytical tools., Disability Confident
About Disability Confident A Disability Confident employer will generally offer an interview to any applicant that declares they have a disability and meets the minimum criteria for the job as defined by the employer. It is important to note that in certain recruitment situations such as high-volume, seasonal and high-peak times, the employer may wish to limit the overall numbers of interviews offered to both disabled people and non-disabled people. For more details please go to Disability Confident.


• Salary: Up to £65,000 per annum depending on experience
• Up to 20% bonus, subject to achievement of targets
• 25 days annual leave, plus bank holidays
• Group personal pension scheme of matched contributions between 5% and 6%
• Life assurance
• Access to state-of-the-art training academy
• Funded training sponsorship scheme
• Refer a friend reward scheme
• Cycle to work scheme
• Health cash plan
• Up to 10% off B&Q / Trade Point
• 20% off Nuffield Fitness and Wellbeing Centres