Senior Manager, Accounts Receivable

2 weeks ago

Ayala Alabang, National Capital Region, Philippines Allegro MicroSystems Full time

The Allegro team is united by a clear purpose—advancing technologies that make the world safer, more efficient, and more sustainable. With over 30 years of experience in semiconductor innovation, we bring that purpose to life across every part of the business—from breakthrough product development and customer success to how we show up for each other and the communities we serve.

The Opportunity
The Senior Manager, Accounts Receivable, is a strategic and operational leader responsible for overseeing Allegro MicroSystems' global Accounts Receivable function. This role involves developing and implementing best-in-class collection strategies, managing customer accounts, optimizing cash application processes, and ensuring accurate and timely revenue recognition. The Senior Manager will lead a team, foster strong relationships with internal and external stakeholders, and contribute significantly to Allegro's financial health and working capital management.

What You Will Do

  • Develop and implement the overall strategic goals, objectives, and policies for the Accounts Receivable department.
  • Manage the departmental budget, allocate resources effectively, and control expenses.
  • Set departmental KPIs and metrics, monitor overall performance, and report results to senior finance leadership.
  • Lead initiatives for significant process improvements and automation across the entire AR function.
  • Oversee the hiring, training, performance management, and career development for all AR staff members and team leaders.
  • Identify and mitigate financial risks associated with AR, such as bad debts and fraud.
  • Ensure strong internal controls are in place and maintained within the AR section.
  • Manage relationships with external and internal auditors and provide necessary documentation during audits.
  • Engage with senior management, legal, and other key stakeholders on high-level AR matters.
  • Analyze AR aging report and data to identify trends, cash receipts forecasts, and provide strategic recommendations to management.
  • Stay updated on the industry's best practices and regulatory changes impacting accounts receivable. Perform other tasks that may be assigned from time to time.

What You Will Bring

  • Degree in Accountancy, Finance, or related field
  • Masters/CPA preferred
  • At least 7-10 years of extensive experience in Accounts Receivable /Finance or Accounting, including 3-5 years in managerial role
  • Experience working in Oracle AR Module is an advantage
  • Proficiency in Microsoft Excel
  • Strong leadership, talent management, and planning abilities
  • Unquestionable integrity
  • Excellent communication, presentation, and negotiation skills
  • Excellent interpersonal skills and ability to relate with people at various levels of organization
  • Accuracy and attention to details
  • Takes initiatives and make improvements
  • Strong sense of professionalism and confidentiality
  • Resilience and adaptability in a dynamic environment
  • Formulates strategy and sets clear direction
  • Develops financial and resource plans
  • Manages and allocates resources effectively
  • Influences, communicates and presents effectively
  • Manage and execute tasks in a high-pressure environment
  • Assesses team success and addresses problems
  • Motivates, recognizes and rewards employees
  • Conducts performance reviews
  • Builds collaboration with other departments and resolves conflict
  • Investigate problems, find solutions and make sound decisions

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