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Accounts Receivable Manager

Accounts Receivable Manager

LifemarkToronto, ON, CA
20 days ago
Job description

Status :   Permanent Full time

Location :   North York, ON. Hybrid 4 days / week on-site.

Department : Finance

Reports To : National Director of Admin and Shared Services

Lifemark Health Group (LHG) is a market leader in customized healthcare solutions. With over 20 years of service excellence, LHG is one of the largest, most trusted, and most comprehensive providers in Canada. As a national healthcare company, LHG employs over 5000 highly-trained clinicians, medical experts and team members in over 300 locations, coast-to-coast, and continues to grow both organically as well as through acquisitions.

Role Overview

The Accounts Receivable Manager is an integral part of the finance leadership team. They will be responsible for overseeing the Accounts Receivable department to optimize cash flow. This role involves strategic planning, policy development, and leadership to enhance the accounts receivable process and support the company's financial goals.

Key Responsibilities

  • Lead, develop, and manage the quality assurance and accounts receivable supervisors’ team, including recruitment, training, and performance evaluation.
  • Maintain and develop Key Performance Indicators (KPIs) benchmarked against annual goals and objectives.
  • Oversees the on-time distribution of invoices, ensuring accuracy and timely payments.
  • Monitor accounts receivable aging reports. Implement collection strategies to minimize overdue accounts, and identify and report risks or potential issues.
  • Prepare and present regular reports on accounts receivable status including 3rd party collections vendors to senior management. Outlining suggestions to reduce exposure, bad debt, and improve Days Sales Outstanding (DSO).
  • Establish and maintain effective and collaborative working relationships with internal teams and external clients.
  • Ensure compliance with audits, company policies, accounting standards, and relevant government regulations.
  • Manage month-end and year-end closing processes for accounts receivable, ensuring deadlines are met. Oversee the approval of write-offs, collection placements to outside agencies, and account adjustments including sales adjustments, refunds, and revenue reversals.
  • Develop, implement, and monitor strategies to enhance the efficiency and effectiveness of the quality assurance and accounts receivables processes.
  • Attend any acquisition calls to help ensure the team is equipped to support the new purchase.

Qualifications :

  • Post-secondary education or higher.
  • 5+ years of experience in Accounts Receivable or a related function.
  • 3+ years of leadership experience preferred
  • Ability to prioritize workflow and operate independently in a fast-paced environment.
  • Excellent communication and interpersonal skills.
  • Analytical and solution-oriented, with experience working with multiple lines of businesses or revenue streams.
  • Experience with Microsoft products, with a focus on Excel and PowerPoint
  • Strong leadership and team management skills, including setting and monitoring goals, performance, and objectives.
  • Ability to promote engagement, motivation, which fosters a team culture.

    • Lifemark welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process. Lifemark promotes equal employment opportunities for all job applicants, including those self-identifying as a member of the following groups : Indigenous peoples, Newcomers to Canada, and Visible minorities.