Accounts Receivable Manager
Accounts Receivable Manager
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$ 125000 - 140000
1 Vacancy
Job Description
Summary
The Firmwide Accounts Receivable Manager is responsible for the day-to-day management of the collection of accounts receivable throughout the Firm working directly with the Firms clients Partners and other revenue departments to maximize collection realization. The Firmwide Accounts Receivable Manager will lead the team to execute a consistent systematic and progressive collection process using collection software and other tools. While ensuring the Firms relationships with our clients are preserved the Firmwide Accounts Receivable Manager provides the highest level of client service to the Firms partners and clients. This role reports directly to the Firmwide Senior Manager of Credit and Collections.
Duties and Responsibilities
- Oversee the daily operating functions of the Accounts Receivable department. Ensure department policies and procedures are established documented and communicated and that the team is complying with the policies and procedures.
- Provide guidance to the Accounts Receivable team on how to handle complex requests or situations; act as an escalation point for such situations as needed.
- Engage with Firm Leadership (e.g. Global Practice Leaders Management Committee Chief Financial Officer Executive Director or others as appropriate) in a timely manner on accounts receivable balances that are of concern in order to reduce the risk of financial loss.
- Collaborate with Firm partners and clients to develop and implement payment plans or alternative collection strategies that support strong client relationships while maximizing the recoverability of outstanding accounts receivable.
- Identify propose and implement process system or policy improvements related to the management of the Firms outstanding receivables. Enlist the support of Firm management to execute on these improvements.
- Supervise manage lead (by example) mentor and coach the members of the department. Develop a world class team that will provide superior customer service to all internal and external clients. Complete staff evaluations annually.
- Promote a high level of customer service within the team ensuring customer service standards are set and achieved.
- Assess the staffing needs of the department and work with the Firmwide Senior Manager of Credit and Collections to ensure the department has the appropriate level of support to meet the Firms objectives. Assist with interviewing and selecting new hires as needed.
- Collaborate and develop strong working relationships with other departments including Billing Electronic Billing Revenue Management Financial Terms Management Client Accounting Conflicts and New Business and Information Technology.
- Maintain a deep understanding of the legal industry the Firms practices clients and business processes.
Salaries vary by location and are based on numerous factors including but not limited to the relevant market skills experience and education of the selected candidate. If an estimated salary range for this role is available it will be provided in our Target Salary Range section. Our compensation package also includes bonus eligibility and a comprehensive benefits program. Benefits information can be found at Salary Range To perform this job successfully an individual must be able to perform the Duties and Responsibilities (Duties) above satisfactorily and meet the requirements below. The requirements listed below are representative of the minimum knowledge skill and/or ability required. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions of the job. If you need such an accommodation please email (current employees should contact Human Resources). Education and/or Experience: Required: Preferred: Other Skills and Abilities: The following will also be required of the successful candidate: Sidley Austin LLP is an Equal Opportunity Employer #LI-HybridQualifications
Required Experience:
Manager
Employment Type
Unclear
Department / Functional Area
Key Skills
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