Accounts Receivable - Team Leader

10 Jan 2020

Are you ready to coordinate the entire Accounts Receivable function?

As the Accounts Receivable Controller and Team Lead you will report into the Head of Finance. This is a key position within the Finance Structure and will be responsible for the Accounts Receivable function for the trading group.

Key Responsibilities

Lead a team of three Accounts Receivable Administrators and ensure they meet their annual performance objectives

Coordinate the entire Accounts Receivable (AR) function for the group ensuring the AR team resources are deployed effectively

Review all credit limits in force and suggest amendments based on trading trends

Ensure overdue accounts are put on stop in line with policy

Ensure Direct debits are processed on time with the correct discounts applied

Review and make recommendations to streamline the volume of direct debits and the administrative burden of the direct debits

Review the settlement discounts offered and make recommendations on how to streamline so the administrative burden is reduced without impacting commercially on the business

Setting KPI's for the team in terms of outbound calls, cash collection targets, unallocated cash and sundry debtors balances

Ensure the sundry debtors balance (cash received not allocated to an account) is kept current and balances don't stay longer than 30 days

Prepare a monthly suite of KPI reporting highlighting the key performance metrics for the AR function but also the AR balances including Ageing profile, debt collection values, etc

Report monthly on the debtor's balance via the debtors scorecard to report ageing, balances of concern, provisions, top 5 overdue by ledger, worst performers by sales rep, longest overdue debts, etc

Ensure the sales transactions, cash receipts, discounts, and all other transactions are mirrored in the Invoice Discounting Facility online facility

Reconcile each month the nominal balances with those of the Invoice Discounting facility

Investigate variances between nominal balances and aged listings

Ensure monthly reports are provided to Invoice Discounting bank in line with the terms of the facility

Identify opportunities to reduce the number and complexity of the debtor's ledgers

Review the process for taking credit card payments to ensure it is optimised and the need for manual intervention is minimised

Manage the AR team resources to ensure there is constant coverage for the business in periods of absences by team members

Review the controls in place and make recommendations to enhance the internal controls to prevent unauthorised/inappropriate transactions being captured

Work cross-functionally with other finance colleagues to streamline the Order to Cash process

Ensure there is no manual circumvention of controls, that the Delegation of Authority is followed and that any instances of non-compliance are investigated and loopholes closed off

Provide training and constant feedback to other business users as to the correct procedures to be followed

Actively identify opportunities to streamline the workflow process and reduce the administrative burden


Organisational skills, personal efficiency, time management skills and the ability to prioritise competing demands are key communication skills

Ability to lead and motivate a team and manage diverse personalities and viewpoints

Ability to build relationships and collaborate with others is vital

Strategic decision-making within the business as an influencer

Being able to understand company finances, resourcing and ultimate aims of the business is important role-modelling

Demonstrate and lead on the values, initiatives and culture of an organisation

A strong working knowledge of best practice processes, change management implementation, coaching and mentoring

Demonstrated ability in prioritising key initiatives, driving growth and setting targets and KPIs to monitor the performance

Positive and proactive person who is energised by having great responsibility

Practical, action-orientated approach to managing priorities and teams


Relevant 3rd level qualification (ideally Degree qualified)

Accounting Qualification (preferable but not essential)

At least five (5) years + experience in a similar role, ideally pharmaceutical/healthcare multi-currency multi-company experience would be an advantage

Excellent written and communication skills

Strong computer skills in MS Office

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.


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