U.S. Pharmacopeial Convention Jobs

Job Information

The U.S. Pharmacopeial Convention (USP) (Senior) Manager, Accounts Receivable in Rockville, Maryland

Description

Summary of the Position

The (Senior) Manager Accounts Receivable is a key leadership position within the Accounting department and is a member of the Global Finance Management Team, taking an active role in driving its vision and staff engagement. Reporting to the Assistant Controller, the (Senior) Manager, Accounts Receivable is responsible for the credit and accounts receivable functions, with portfolio balances of $30+ million per month, dispersed over an average of 5,000 accounts globally. This role will drive strategic initiatives and projects that will propel process efficiencies, system improvements and performance of the department. As a self-starter and a strong leader, this role works cross-functionally within and outside Finance to educate, collaborate and mitigate risk while maximizing financial and operational growth.

Roles and Responsibilities

  • Overall leadership of all accounts receivable processing, administration, and personnel, including but not limited to invoicing, credit, and cash application activities.

  • Identifies optimization opportunities in invoicing, credit, accounts receivable and cash application processes, and works with stakeholders to help create a roadmap to implement improvements and maximize efficiencies.Implement effective and efficient collection strategies, processes, and workflows.

  • Leads and mentors a team of seven Accounts Receivables professionals. Coaches and develops the team, building the teams skills through training and development programs, and manages accountability.

  • Develops and implements policies and procedures to ensure proper controls and oversight of credit issuance, order release, collections, and cash application.

  • Manages risk and drives strong financial performance, applying financial analytics combined with supporting revenue growth.

  • Enhances AR reporting and operational metrics for business and team performance management.

  • Leads and implements enhanced AR and collections modules and new technology solutions.

  • Facilitates relationships with credit reporting agencies and insurance providers, negotiating contracts and managing compliance to support department objectives.

  • Responsible for credit line approval and authorizing order release to achieve financial and revenue goals.

  • Works with direct reports and cross-functionally to achieve annual department targets and metrics.

  • Partners with senior leadership in Accounting, Finance, Customer Service, Sales, Legal, and IT to communicate and resolve opportunities.

  • Partners with Accounting team to establish allowance for doubtful accounts and general ledger account reconciliations.

  • Supports internal/external financial audit inquiries.

Basic Qualifications

Manager:

  • Bachelor’s degree in accounting, finance, or related field

  • Five or more years of solid credit experience,

  • Three or more years of managerial experience, in a medium to large organization

Senior Manager:

  • Bachelor’s degree in accounting, finance or related field

  • Eight or more years of solid credit experience in a strategic role,

  • Five or more years of managerial experience, in a medium to large organization

Skills Sought

  • Strong people leader with demonstrated experience directly managing a team of professionals, providing coaching, supervision, and development

  • Understanding of Order to Cash processes, including industry’s best practices

  • ERP experience using mid to large financial applications, preferably with Oracle E-Business Suite

  • Experience with automated credit and collections account management tools, such as Oracle iReceivables and Advanced Collections, Dun & Bradstreet platforms

  • Proficiency in Microsoft Office suite (Excel, Word, Outlook, Teams, Powerpoint).

Preferred Qualifications

  • Significant knowledge of credit / collection policies and legal regulations, and trade insurance; CCE, CICP or ICCE designation desired

  • Good understanding of general accounting principles

  • Prior experience with customer facing and finance systems implementation and project management

  • Intermediate Microsoft Excel skills including but not limited to creation and maintenance of pivot tables; use of vlookup and if/then functions

  • Proficiency in using and interpreting agency credit reports (D&B credit platform)

  • Ability to interact with all levels of the organization and external customers, exhibiting professionalism and business partnering

  • Exceptional decision making, analytical, critical thinking, problem solving, and organizational skills

  • Articulate and effective communication skills

  • Experience with financing tools (letters of credit, bank guarantees)

  • Background in international business

  • Attention to detail and accuracy

  • Self-starter with ability to handle multiple priorities in a fast-paced environment

  • Results driven with demonstrated successful outcomes

  • Able to work flexible hours when needed to meet deadlines

  • Ability to work well within a global environment

Supervisory Responsibilities

  • Manager, AR Credit and Collections (and team)

  • Supervisor, Cash Application (and team)

  • AR Business Analyst USP offers an impressive benefits package, including:

  • Generous paid time off – 15 paid holidays, 10 sick days and 15 vacation days per year to start

  • An annual 401(k) contribution, beginning after 1 year of service, of 10% of pay (base and bonus) every pay period that vests immediately

  • Comprehensive individual and family healthcare plans with affordable premiums and low annual deductibles.

The U.S. Pharmacopeial Convention (USP) USP is an independent scientific organization that collaborates with the world's top experts in health and science to develop quality standards for medicines, dietary supplements, and food ingredients. USP brings together more than 1,100 talented professionals across five global locations to deliver its mission to strengthen the supply of safe quality medicines and supplements worldwide.

USP is proud to be an equal employment opportunity employer (EEOE) and affirmative action employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color, veteran status, sexual orientation, gender identity or any other protected class. We are committed to working with and providing reasonable accommodation to individuals with disabilities.

USP does not accept unsolicited resumes from 3rd party recruitment agencies and is not responsible for fees from recruiters or other agencies except under specific written agreement with USP.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

Job Category Accounting & Finance

Job Type Full-Time

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