Soma Capital Portfolio Jobs

Manager, Accounts Receivable

Deel

Deel

Accounting & Finance
United Kingdom
Posted on May 23, 2024

Who we are is what we do.

Deel and our family of growing companies are made up of global teams dedicated to helping businesses hire anyone, anywhere, easily.

The team comprises over three thousand self-driven individuals spanning over 100 countries, and our unified yet diverse culture keeps us continually learning and innovating the platform and products for customers.

Companies should be able to hire the best talent anywhere in the world, so we are building the best platform to make that a reality. Our market-leading technology, expertise, and global team are crucial to the platform’s success. We deliver the best products and features in our space, enabling millions of jobs worldwide and connecting the global workforce with the best companies and opportunities.

Why should you be part of our success story?

A 30-mile hiring radius should no longer dictate how companies hire because exceptional talent lives everywhere. Deel sees a world without hiring borders and endless talent that pairs perfect candidates with great companies.

We offer global teams all the tools they need to hire, onboard, manage, pay, and scale at full speed. We aim to foster a diverse global economy by building a generational platform that seamlessly connects companies with talent worldwide.

After our successful Series D in 2021, we raised another $50M in 2023, doubling our valuation to $12B. There’s never been a more exciting time to join Deel — the international payroll and compliance market leader.

The Accounts Receivable Manager will be responsible for overseeing and managing all aspects of the accounts receivable function within our organization. The primary objective is to ensure accurate and timely invoicing, collection, and reconciliation of customer accounts. Additionally, the Accounts Receivable Manager will play a key role in building and leading a high-performing AR team to support the company's growth and financial objectives.

Key Responsibilities:

  1. Develop and implement effective processes and procedures for the accounts receivable function, ensuring compliance with internal controls and accounting standards.

  2. Manage the day-to-day operations of the AR department, including billing, invoicing, and account reconciliation.

  3. Review and approve customer invoices, credit memos, and adjustments to ensure accuracy, completeness, and adherence to contractual terms and company policies.

  4. Monitor accounts receivable aging reports and follow up on overdue accounts, working closely with sales, customer service, and other internal stakeholders to resolve billing discrepancies and disputes.

  5. Lead the collections efforts along with the Credit Control team, including developing collection strategies, managing collection activities, and negotiating payment arrangements with delinquent customers.

  6. Analyze AR trends and metrics, such as DSO (Days Sales Outstanding) and bad debt reserves, to identify areas for improvement and implement strategies to optimize cash flow and reduce aged receivables.

  7. Provide leadership, guidance, and support to the AR team, including hiring, training, performance evaluation, and professional development.

  8. Collaborate with cross-functional teams, including sales, finance, operations, and legal, to streamline processes, resolve issues, and drive continuous improvement in AR operations.

  9. Prepare periodic reports and analyses for management, including AR aging reports, collections forecasts, and bad debt analysis, to support decision-making and financial planning.

Qualifications:

  • Bachelor's degree in Accounting, Finance, or a related field. CPA or equivalent certification preferred.

  • 5 years of progressive experience in accounts receivable, with at least 3 years in a supervisory or managerial role.

  • Strong understanding of accounting principles, revenue recognition, and credit management practices.

  • Experience with accounting software and ERP systems; proficiency in NetSuite is preferred.

  • Excellent communication and interpersonal skills.

  • Proven leadership abilities, with a track record of building and developing high-performing teams.

  • Analytical mindset with strong problem-solving skills and attention to detail.

  • Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.

Total Rewards

Our workforce deserves fair and competitive pay that meets them where they are. With scalable benefits, rewards, and perks, our total rewards programs reflect our commitment to inclusivity and access for all.

Some things you’ll enjoy

  • Provided computer equipment tailored to your role

  • Stock grant opportunities dependent on your role, employment status and location

  • Additional perks and benefits based on your employment status and country

  • The flexibility of remote work, including WeWork access where available

At Deel, we’re an equal-opportunity employer that values diversity and positively encourage applications from suitably qualified and eligible candidates regardless of race, religion, sex, national origin, gender, sexual orientation, age, marital status, veteran status, disability status, pregnancy or maternity or other applicable legally protected characteristics.

Unless otherwise agreed, we will communicate with job applicants using Deel-specific emails, which include @deel.com and other acquired company emails like @payspace.com and @paygroup.com. You can view the most up-to-date job listings at Deel by visiting our careers page.