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Accounts Receivable Manager

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Reporting to the Director of Accounting Operations (DAO), the Accounts Receivable (A/R) Manager is a strategic leadership position responsible for managing all Colony Hardware accounts receivable processes and overseeing the function. This individual will ensure accurate transactional reporting, compliance with regulatory requirements, and the optimization and enhancement of internal processes. The A/R Manager will work cross-functionally to drive financial integrity, operational excellence, and business growth.

Key Responsibilities

Accounts Receivable

Lead the credit and collections team (~20 individuals) in a rapidly growing business environment by directing and developing the implementation of credit and collection standard policies and processes
Promote transactional efficiencies with accuracy and positivity
Partner with the Commercial Team to effectively manage each customer
Design and implement processes to improve cash flow and reduce receivables
Create functional strategies and objectives for the credit and finance department to ensure effective operation of the department
Implement and reinforce the Corporate Credit and Collection Policies
Handle all client relationships by consulting and acting as company liaison
Analyze and determine credit lines for all new accounts via credit reports and credit references for new account set-up
Negotiate payment terms with delinquent accounts and offer collection solutions and potential 3rd party actions
Reconcile account transactions, initiate credits and adjustments to customer accounts within policy limits
Lead weekly collection cadence with team and DAO
Prepare quarterly bad debt reserve for DAO and CFO approval
Perform personnel functions such as selection, training, and evaluation including conducting interviews, making hiring decisions, and participating in onboarding activities
Manage customer credit and invoice workflows
Build and optimize key customer relationships

Strategic Planning & Leadership

Partner with the DAO to develop and execute customer management strategies that support business growth.
Provide leadership and mentorship to receivable teams, fostering a culture of excellence and continuous improvement.
Support mergers, acquisitions, and other corporate transactions as needed.
Lead & execute strategic projects as identified.
Establish effective communication cadence both internally and externally.

What You’ll Need to Have for success:

Requirements

College Degree in Finance or Business

8+ years of experience in managerial or directorial positions
8+ years of experience in Credit/Collections positions
Experience in process improvement and ERP systems
Computer skills, including Outlook and Microsoft Office (Word, Excel, PowerPoint, etc.)
Proven ability to lead teams, manage cross-functional projects, and drive operational efficiencies
Excellent communication, analytical, and problem-solving skills
Ability to work in a fast-paced environment and adapt to changing business needs

Preferred Qualifications

Experience in distribution and manufacturing
Knowledge of lien and state compliance laws
Experience working with private equity or investor relations

We Can Offer You:

We value performance that exhibits a high sense of urgency, coupled with attention to detail and a strong customer service orientation! We also care about the welfare of our employees, which is why our salary and benefits are competitive. Colony’s benefits include:

Quarterly bonuses based upon performance
Medical, Dental, Vision, STD/LTD, Life Insurance
401k with a company match
HSA/FSA
Competitive PTO and paid holidays
Company-provided PPE as required
Industry-leading training and development
Generous discounts on the best products from leading industry vendors

Life at Colony:

Colony Hardware is the leading distributor of Tools, Equipment, Fasteners, Supplies, and Safety Products to commercial construction and industrial accounts throughout our markets.

At Colony, our people are our most valuable asset. Success as a Colony Associate means being reliable, conscientious, and passionate. With our direction centered on teamwork, every employee at Colony will not only find their work to be meaningful but will have the opportunity to grow alongside Colony, both professionally and personally.

If you possess a will to win and would like to join a culture where integrity and collaboration are integral to success, apply to Colony Hardware today to join our growing family!

Colony’s Commitment to Equal Opportunity:

Colony Hardware Corporation is an equal-opportunity employer. We enthusiastically accept our responsibility to make employment decisions without regard to race, religious creed, color, age, sex, sexual orientation, national origin, citizenship, religion, marital status, a victim of domestic violence, familial status, genetic predisposition or information, disability, Family and Medical Leave, military or veteran status, citizenship, pregnancy, childbirth and related medical conditions, or any other classification protected by federal, state, and local laws and ordinances. Our management is dedicated to ensuring the fulfillment of this policy with respect to hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment advertising, pay, and other forms of compensation, training, and general treatment during employment.

Average salary estimate

$100000 / YEARLY (est.)

min

max

$90000K

$110000K

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What You Should Know About Accounts Receivable Manager, Colony Hardware Corporation

Are you ready to step into a vital role that shapes financial strategy? Colony Hardware is looking for an Accounts Receivable Manager to join our dynamic team in Orange, Connecticut. Reporting directly to the Director of Accounting Operations, you will lead a talented credit and collections team in a rapidly expanding business. Your strategic vision will ensure our accounts receivable processes are top-notch, comply with regulations, and foster operational excellence. In this managerial position, you will work closely with our Commercial Team to enhance customer relationships while designing workflows that not only improve cash flow but also minimize receivables. Your knowledge and experience will be pivotal in negotiating payment terms and reconciling transactions, alongside implementing corporate credit and collection policies. We’re excited about your leadership skills as you mentor your team and contribute to the overall growth of Colony Hardware. Your role will involve frequent interaction with various teams, promoting cross-functional collaboration to support successful mergers and acquisitions. You'll also take part in strategic planning—your insights will drive our financial integrity and operational success. If you have a college degree in Finance or Business, along with 8+ years in managerial positions related to credit and collections, we would love to hear from you! This is an opportunity not only to take on a significant leadership role but also to cultivate a culture of excellence and continuous improvement within the Accounts Receivable department at Colony Hardware.

Frequently Asked Questions (FAQs) for Accounts Receivable Manager Role at Colony Hardware Corporation

What responsibilities does the Accounts Receivable Manager at Colony Hardware have?

The Accounts Receivable Manager at Colony Hardware is responsible for leading the credit and collections team, ensuring compliance with policies, improving cash flow, and fostering strong customer relationships. This involves managing all accounts receivable processes, negotiating terms with delinquent accounts, and preparing reports for upper management, contributing to the operational excellence of our financial practices.