Talentedge are actively recruiting for an Accounts Receivable Manager for a prestigious hospitality business based in Central London. The role will be 100% office based and is paying £40-43k per annum.
Duties will include:
- Supervise and mentor the accounts receivable team, providing guidance and support to ensure high performance.
- Conduct regular catch-ups and provide feedback and training to team members
- Oversee the accounts receivable process, ensuring timely and accurate invoicing, payment processing, and collections.
- Monitor the ageing report and ensure debts are collected in a timely manner.
- Collaborate with various departments to ensure timely collection of payments and assessing any risks attached.
- Collaborate with the finance team to ensure accurate and timely closing of the month end.
- Perform balance sheet reconciliations
- Handle escalated inquiries and disputes regarding invoices and payments in a professional and timely manner.
- Develop and maintain positive relationships with stakeholders.
- Identify opportunities for process improvements within the finance department and other departments.
- Lead initiatives and work with the Digital Transformation Analyst to automate manual processes and leverage technology to improve financial operations.
- Enforce credit policies and procedures and conduct credit checks on new and existing customers to assess creditworthiness.
- Prepare for and coordinate internal and external audits related to accounts receivable and revenue recognition.
- Address audit recommendations and implement corrective actions as needed.
- Create SOPs and contingency plans for any new procedure.
- Lead or participate in special projects and initiatives as assigned by senior management.
- Prepare ad-hoc reports and analysis as requested by senior management.
- Oversee the travel agency commission process and ensure payments and inquiries are addressed promptly.
What you will need to do in this role?
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Someone with a minimum of 3 years experience in an AR Supervisory/Management role in the hospitality/hotel sector ONLY is a MUST
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Someone with a great attitude with a willingness to learn and make their mark
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Someone who enjoys managing a team and developing those around them
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Someone who is ambitious and wants to develop their career in luxury hospitality
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Someone to who will enjoy working closely with the Finance manager and leadership team to drive the success of the business
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Someone who is a finance expert
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Someone with excellent communication skills
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Someone who is detail-oriented and ensures accuracy in all financial records and reports
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Someone who is proactive and takes initiative in identifying and solving problems