Senior Manager, Accounts Receivable

Founded in 1913 in Italy, the Prada Group was built on a tradition of excellence and with a vision of innovation. The Group, a world leader in the luxury sector, operates in more than 45 countries with the PRADA, Miu Miu, Versace, Church’s, Car Shoe and Luna Rossa brands, and has employees of over 100 nationalities.

Job Summary/Purposes

The Senior Manager, Accounts Receivable is responsible for leading the day to day AR process – from billing and cash applications to collections and dispute resolution, ensuring accuracy, compliance of multiple business entities including: Retail, Outlets, Ecommerce, and Wholesale for USA and Canada.

Responsibilities

• Review AR aging reports, identify high-risk accounts and ensure timely collection of outstanding customer balances and monitor past-due receivables

• Lead, coach and develop AR analysts

• Review AR aging reports, identify high-risk accounts

• Ensure accurate AR reconciliation, cash applications, bad-debt provisions and reporting

• Monitor, maintain, verify, and reconcile outstanding invoices, including chargebacks and RTVs

• Ensure payment terms are respected; work closely with customers to communicate payment needs and facilitate the collection of funds

• Prepare invoice aging reports and report on account status

• Manage Finance Dept’s involvement during the stock take processes throughout store/warehouse network, including checks and audits

• Identify opportunities to automate and streamline invoicing, collections, cash application and reconciliation process

• Develop AR policies, collection strategies, forecasts and long-term improvements to the order-to-cash process

• Implement technology solutions, streamline workflows, and align AR systems with business objectives

• Support internal and external audits and ensure AR policies comply with company and accounting requirements

• Work closely with HQ counterparts to coordinate AR activities

• Support the VP of Finance, CFO and other team members on special projects as needed

Requirements

• 5+ years in accounts receivable management

• Bachelor’s degree in Accounting or Finance preferred

• Strong knowledge of AR processes, credit administration, collections, and financial controls; expertise in SAP system

• Strong interpersonal and communication skills; ability to build partnerships and communicate ideas across all levels and departments within the Company

• Proactive work ethic with excellent project, time and people management skills

• Comfortable multi-tasking with accuracy in a fast-paced environment

• Ability to anticipate, accommodate and lead change to achieve goals

Compensation

• The annual salary range for this position may vary from $125,000 - $140,000, and if applicable, may be eligible for bonuses and other incentive opportunities. The rate of pay offered may vary depending on job-related knowledge, skills, and experience.

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Joining our Company means working in a creative and international environment, with teams of people motivated by curiosity and the quest for excellence. The engine of our success is the importance and value that we place on the talent and passion of our people leading to their own professional growth.
Prada Group promotes an inclusive work environment, ensuring equal opportunities for all candidates, regardless of gender, ethnicity, sexual orientation, disability, or other personal characteristics. We believe that diversity is a value and we are committed to build a fair and respectful workplace for all.