Account Receivable​/Collections Manager

Our client in the manufacturing industry and located near Northbrook, IL, is looking for an Accounts Receivable / Collections Manager to join their team (Hybrid: 2-3 days in office).

• Manage the end-to-end accounts receivable process, including credit management, cash application and collections.
• Supervise, train, and mentor staff, ensuring high performance and professional development.
• Develop and execute collection strategies to reduce delinquency and improve Days Sales Outstanding (DSO).
• Review escalated customer issues, provide solutions and facilitate collections.
• Partner with Sales and Customer Service to resolve payment issues without jeopardizing customer relationships.
• Oversee accurate cash applications and reconcile unapplied cash.
• Perform financial and credit analysis regarding new customer applications, past due accounts, and high-risk customers. Determine the amount of credit to be extended.
• Review AR aging to ascertain status of collections and balances outstanding to evaluate effectiveness of current collection policies and procedures.
• Audit delinquent accounts considered to be uncollectible to ensure maximum efforts have been made before assigning bad-debt status.
• Support the month-end close process by preparing AR related reports and analysis, including reconciliation of general ledger accounts and preparation and booking of AR reserve adjustments (i.e. bad debt, short pay, discounts).

• Bachelor's degree in Finance, Accounting or related field.
• A minimum of 7 years of experience in credit and collections, with at least 3 years in a managerial role.
• Excellent analytical and problem‑solving skills.
• Strong communication skills and the ability to present data and information clearly to leadership.
• Experience in leading a team including setting performance standards, providing ongoing feedback and training to achieve success.