Manager, Accounts Receivable (Finance)

Responsible for leading, developing, and mentoring the Accounts Receivable Team. Oversee all team activities related to cash applications, credit and collections, and deduction management.  Progressive development and optimization of department processes.  Support leadership and company objectives. Ensure compliance with Continental Mills policies and procedures.

Essential Functions: Other duties, responsibilities, and activities may change or be assigned at any time.

• Participates and leads projects in coordination with the Director of Corporate Finance and Accounting.
• Oversees the daily and monthly transactional work, including cash processing, collection activities, and deduction management for trade and non-trade transactions.
• Provides guidance and assists in resolving aged invoices and deduction balances or high-risk accounts. The manager will assign accounts to themselves at times.
• Responsible for coordinating accounts receivable month-end close with the accounting team.
• Actively engages with cross-functional partners for feedback and process optimization.     
• Establishes credit lines and terms for new accounts.
• Performs credit reviews, identifies ‘At Risk' balances, and collaborates with management to manage exposure and risk.  
• Processes correction entries for cash application errors.
• Periodically reviews customer credit files and updates customer credit limits and payment terms as needed.
• Processes manual invoices or credit memos as requested.
• Helps support annual internal and external audit activities.
• Monitors all customer bankruptcies, initiates claim documentation to file with the court, and follows up with the appropriate action.
• Recruit, interview, and hire team members.
• Create a new team member's 90-day Onboarding schedule and be involved in training.
• Annual performance reviews.
• Address attendance and performance issues up to and including termination.

Position Requirements

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals qualified with disabilities to perform the essential functions.

• Fosters an environment that encourages collaboration and teamwork.
• Strong analytical skills. Implements solutions to solve root cause problems.
• Excellent written, oral, and facilitation skills.
• Tactful communication in resolving issues and discrepancies.
• Strong technical skills in ERP Accounts Receivable systems.
• Adept in managing projects.
• Proficient in Microsoft Office Word, Excel, and Outlook.
• Be a role model and invest in talent development.
• Ability to travel as business needs require.

Education and/or Experience:

• High school and/or equivalent experience/training; associate or bachelor's degree in business, accounting, or related field is strongly preferred.
• 7+ years of progressive Accounts Receivable experience.
• 5+ years supervisory experience.
• Accounts Receivable experience in food manufacturing or food brokerage industry strongly preferred.
• Knowledge of basic bookkeeping and accounting concepts and practices.
• Experience working in JDE or a large ERP system.

Physical Demands and Work Environment:

While performing the duties of this job, the employee is regularly required to stand, sit, talk, hear, and use hands and fingers to operate a computer and telephone along with reaching. Specific vision abilities include close vision requirements due to computer work. Moderate noise, ability to work in a confined area, and ability to sit at a computer for an extended period of time are also included.
The policy of The Krusteaz Company is to hire, train, and promote all persons in all job groups in accordance with law, without regard to race, color, religion, sex, sexual orientation, age, marital or military status, national origin, gender identity, the presence of any sensory, mental or physical disability, genetic information, or any other status or characteristic protected by local, state, or federal law.

Get to know us:

• A people-focused company that cares: We're a 90-year-old company with the entrepreneurial spirit of a startup and a focused eye on the future. As a midsized, privately held company with a portfolio of beloved food and beverage brands, our people are the most important ingredient in our success.
• A valued and supported workforce: We place tremendous value in our employees and provide competitive pay and comprehensive benefits to ensure our employees can create the best life for themselves. Benefits include a top tier health insurance plan with lower-than-average employee cost share, generous PTO, 401(k) match, and more.
• An engaged and energized culture: At The Krusteaz Company, collaboration and ingenuity drive our fierce commitment to creating extraordinary product experiences that people love.
• A place to grow and make a difference: An entrepreneurial spirit has been at the core of our company since the beginning, attracting self-starters who are curious and love to learn and to share ideas.

Benefits: We are proud to offer generous benefits including comprehensive medical, dental, and vision insurance (starting at $60/month for employee-only coverage on the PPO Plan or starting at $30/month for employee-only coverage on the HDHP), 401(K) matching, 3 weeks of paid vacation, 10 paid holidays, 1 paid personal holiday, company provided life insurance and disability insurance, flexible spending account, healthcare saving account, voluntary accident insurance, voluntary critical illness insurance, and tuition reimbursement.

Salary Information: An employee in this position can expect a salary range between $103,037 and $169,998. We typically pay out between $116,000 and $147,000. The actual salary offered will carefully consider a wide range of factors, including internal equity, experience, education, certification, training, and location. All positions are eligible for additional incentives based on business performance.

We hope you'll take the time to get to know us!

The Krusteaz Company is not sponsoring new applicant employment authorization at this time, and please, no third-party recruiters.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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