Manager, Accounts Receivable - Collections

Velocity Clinical Research is an owned and integrated research site organization, providing excellence in patient care, high quality data and fully integrated research sites. At Velocity, we align our values and behaviors to give our employees the best chance of delivering on our brand promise: to bring innovative medical treatments to patients. We are committed to making clinical trials succeed by generating high quality data from as many patients as possible, as quickly as possible while providing exemplary patient care at every step.

As an employee of Velocity, you are the most integral part of our mission. For talented candidates who perform at a high level, Velocity will invest to support career advancement and reward performance. Whether you are new to clinical research or are an industry veteran, we invite you to apply to Velocity.

Benefits include medical, dental and vision insurance, paid time off and company holidays, 401(k) retirement plan with company-match, and an annual incentive program.

Position Summary:

The Credit & Collections Manager/Senior Manager will be responsible for managing Velocity’s Credit & Collections department. This dynamic leader will have oversight and ownership of all balance sheet related Credit & Collections elements. In addition, this role will play a key part in Velocity’s cash strategy as we continue to scale operations both within the US and internationally.

Position Responsibilities

• Oversee daily credit and collections activities to monitor timely and accurate invoicing
• Formulate SLA and KPIs for the credit and collections department and ensure complaice and delivery to those standards
• Establish a robust cash flow forecasting process
• Establish and own financial risk screening for new clients
• Supervise, direct, and review work of credit and collections staff
• Advise staff regarding the handling of non-routine reporting transactions including writing accounting memos for audit purposes
• Review, approve, and prepare balance sheet account reconciliations
• Manage the annual external audit/review and periodic internal audits as related to credit and collections
• Establish a robust procedure of matching incoming payments to appropriate invoices at the right granularity level. Explore automation opportunities including but not limited to banking integrations
• Formulate strong partnerships with internal and external stakeholders while ensuring adequacy of incoming cash
• Develop, establish, and maintain general accounting financial policies and procedures and work with management and employees to ensure compliance
• Special projects as assigned
• Provide training to new and existing staff as needed
• The credit and collections manager/Sr. Manager may assist all the departments in projects implemented by Velocity headquarters
• The credit and collections Manager/Sr. Manager will interface on a regular basis with assigned client groups as well as other functions across the organization as needed
• Other duties as assigned

Education:

• Bachelor’s degree in related field or equivalent years of experience preferred.

Experience:

• Eight (8) to ten (10) years of Credit and collections experience; previous experience within a regulated clinical, medical, or phmaceutical environment preferred.
• Previous management/supervisory experience required 

Required Certifications:

• Certified Public Accountant (CPA)/Certified Managerial Accountant (CMA) a plus
• MBA (not mandatory but preferred)

Required Skills:

• Working knowledge of financial concepts, theory, and generally accepted accounting principles (GAAP).
• Advanced knowledge of Excel; working knowledge of Microsoft Office
• Strong experience with large enterprise resource planning (ERP) system (Oracle/Netsuite)
• Knowledge of Sarbanes-Oxley Act of 2002 (SOX compliance) preferred.
• Strong communication, problem solving, analytical, organizational, and time management skills.

NOTE: The above Job Description is intended to communicate the general function of the mentioned position and by no means should be considered an exhaustive or complete outline of the specific tasks and functions that will be required. Additionally, specific tasks and duties of the position are subject to change as the Company, the department and circumstances change. All employees are expected to perform their duties within their ability as required by the job and/or as requested by management.