Accounts Receivable Manager - Minneapolis, United States - University of Minnesota

Description

About the Job

Are you seeking to be part of a financial team that supports a world-class University committed to its mission of learning, discovery, and public service, provides a collaborative work environment, and is Driven to Discover?

Accounts Receivable Services at the University of Minnesota seeks a highly motivated financial and customer-focused Accounts Receivable (AR) Manager to lead and provide operational excellence in delivering systemwide AR services.

This position will offer experiences that allow you to use your leadership and team building skills to motivate and engage a team of financial professionals working in the areas of customer maintenance, billing, cash application, collections, and payment cards; use your communication skills to engage stakeholders across the University system; and build on your technical and analytical accounting skills to ensure the integrity of accounts receivable transactions.

Salary Range: $82,500 - $98,000, DOQ

Work Environment: Hybrid (2-3 days per week in the office)

We Offer:

• University paid contribution (10% of your salary) to your retirement account - vested immediately.
• 22 paid vacation days per year, in addition to sick leave and 11 paid holidays.
• Reduced tuition opportunities covering 75% - 100% of eligible tuition.
• Excellent and affordable health care benefits (2023 Enrollment Guide)
• Wellbeing program with opportunity to earn lower health care rates.
• Free disability insurance.
• Annual merit increase program.

Responsibilities include but are not limited to:

• 40% - Manage the customer maintenance and non-sponsored billing and accounts receivable functions for the University including cash receipts, lockbox accounts, electronic funds transfer, credit card payments and reconciliation, management of on-account payments, refunds, collections, sales tax filing for EFS billed invoices, etc.
  • Maintain working knowledge of department processes.
  • Maintain up-to-date written procedures, standards and metrics.
  • Stay informed of changes and impacts to current internal and external regulations, systems, etc.
  • Serve as a resource to the University, resolve issues as needed.
  • Identify, create and maintain training resources, conduct related training.
  • Review and approve transactions that are routed for approval.
  • Duties may also include management of payment card processes.
    
• 30% - Supervise six accounting/finance staff members
  • Establish plans and priorities, allocate resources, and manage workflow.
  • Oversee onboarding for new team members.
  • Provide training and coaching to develop and maintain a team that is knowledgeable of accounts receivable processes, business trends, technology applications, and the University of Minnesota.
  • Provide feedback on performance and assist with professional development goal setting and achievement.
  • Motivate and engage the team by helping them understand how and why their work is an important part of achieving the University's mission.
    
• 15% - Perform accounting functions as assigned.
  • Oversee and complete balance sheet account reconciliations.
  • Manage periodic and year-end reporting.
  • Analyze financial data and reports for accuracy, investigate and address any discrepancies.
    
• 15% - Other duties as assigned which may include:
  • Perform special projects, lead and participate in workgroups.
  • Recommend process improvements and system modifications.
  • Ensure compliance with annual audit recommendations.
  • Assist the director with establishing and implementing departmental strategies, goals, annual objectives, and long-range plans.

Qualifications

Required Qualifications (please document on the resume):

• Bachelor's degree in accounting, business administration OR related field.
• Eight years of accounts receivable, collection, treasury, financial accounting, reporting, auditing experience that demonstrates a knowledge of accounts receivable activities OR other related experience.
• Demonstrated experience successfully supervising a diverse workforce.
• Demonstrated ability to work effectively with diverse decentralized customers and constituents.
• Demonstrated proficiency with spreadsheet, database, query and other PC-based analytical tools.
• Strong organizational skills; ability to manage multiple responsibilities at one time.
  

Preferred Qualifications (please document on the resume):

• Experience working with enterprise financial systems such as PeopleSoft, SAP, Workday, etc.

Benefits

Working at the University

At the University of Minnesota, you'll find a flexible work environment and supportive colleagues who are interested in lifelong learning. We prioritize work-life balance, allowing you to invest in the future of your career and in your life outside of work.

The University also offers a comprehensive benefits package that includes:

• Competitive wages, paid holidays, and generous time off
• Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
• Low-cost medical, dental, and pharmacy plans
• Healthcare and dependent care flexible spending accounts
• University HSA contributions
• Disability and employer-paid life insurance
• Employee wellbeing program
• Excellent retirement plans with employer contribution
• Public Service Loan Forgiveness (PSLF) opportunity
• Financial counseling services
• Employee Assistance Program with eight sessions of counseling at no cost

Please visit the Office of Human Resources website for more information regarding benefits.

How To Apply

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover letter and resume.

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section.

To request an accommodation during the application process, please e-mail or call

Diversity

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U:

Employment Requirements

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

About the U of M

The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America's Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019,