Collection Manager
4 days ago
**Job Description:**
We are seeking a highly skilled Billing Manager to join our team. As a Billing Manager, you will be responsible for overseeing the billing operations of the organization, ensuring accuracy, efficiency, and compliance with billing policies and procedures.
The ideal candidate will have a strong understanding of billing principles, revenue recognition standards, and accounting practices. They will also possess excellent leadership and team management skills, with the ability to inspire, motivate, and develop high-performing teams.
Key Responsibilities:
- Oversee day-to-day billing operations, including invoicing, collections, and accounts receivable management.
- Ensure timely and accurate processing of customer invoices, credits, and adjustments in accordance with contractual terms and billing schedules.
- Recruit, train, and mentor a team of billing specialists, providing guidance, coaching, and performance feedback to support professional growth and development.
- Foster a positive and collaborative work environment that promotes teamwork, accountability, and continuous improvement.
- Develop and implement best practices, standard operating procedures (SOPs), and controls to streamline billing processes, eliminate inefficiencies, and reduce errors.
- Identify opportunities for automation, system enhancements, and workflow improvements to enhance billing accuracy and efficiency.
- Serve as a primary point of contact for billing inquiries, escalations, and dispute resolution from internal and external stakeholders, including customers, sales teams, and account managers.
- Build strong relationships with customers and internal teams to understand their needs, address concerns, and ensure satisfaction with billing processes and services.
- Ensure compliance with revenue recognition principles, accounting standards, and regulatory requirements (e.g., ASC 606, GAAP).
- Prepare and analyze billing-related reports, metrics, and KPIs to track billing performance, aging receivables, and cash flow projections.
- Oversee the administration and maintenance of billing systems, software applications, and databases to support accurate and efficient billing operations.
- Collaborate with IT and finance teams to implement system upgrades, enhancements, and integrations as needed.
- Maintain up-to-date knowledge of billing regulations, industry standards, and compliance requirements related to billing and revenue recognition.
- Support internal and external audits by providing documentation, explanations, and support related to billing processes and transactions.
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