Accounts Receivable Lead

Description We are seeking an experienced and detail-oriented Accounts Receivable Lead with a strong background in the construction industry. The ideal candidate will be responsible for overseeing the entire accounts receivable process, ensuring timely and accurate invoicing, collection, and reconciliation. This role requires a deep understanding of construction billing practices, project accounting, progress billing, prevailing wage regulations, and excellent communication skills to liaise effectively with internal teams and external stakeholders.Responsibilities:Construction Billing:

Generate accurate and timely invoices based on project milestones, progress, and contractual terms.

Collaborate with project managers and other departments to obtain necessary documentation for billing.

Ensure compliance with project-specific billing requirements, including progress billing, and industry standards.

Progress Billing:

Implement and oversee progress billing procedures, ensuring invoices align with project milestones and completion percentages.

Coordinate with project managers to accurately reflect the work completed and milestones achieved in billing documents.

Ensure adherence to progress billing standards and industry best practices.

Prevailing Wage Compliance:

Stay informed and ensure compliance with prevailing wage regulations for applicable projects.

Collaborate with HR and project management teams to accurately calculate and apply prevailing wage rates.

Maintain detailed records to demonstrate compliance with prevailing wage requirements.

Accounts Receivable Management:

Lead the accounts receivable team in monitoring and managing customer accounts.

Implement and enforce credit policies to minimize delinquencies and bad debt.

Investigate and resolve billing discrepancies and disputes in a timely manner.

Collections:

Oversee the collection process, establishing and maintaining relationships with clients to expedite payment.

Strategize and implement effective collection strategies while maintaining positive customer relationships.

Regularly review aging reports and initiate appropriate actions to recover outstanding balances.

Reconciliation:

Conduct regular reconciliations of accounts receivable to ensure accuracy and completeness.

Collaborate with the finance team to reconcile discrepancies and resolve any issues promptly.

Reporting:

Generate and analyze reports related to accounts receivable, providing insights and recommendations for improvement.

Present regular updates on the status of accounts receivable to management.

Process Improvement:

Identify opportunities for process improvements within the accounts receivable function.

Implement best practices to enhance efficiency and accuracy.

The salary range for this position is $75,000 to $100,000 + discretionary profit sharing bonus.Benefits:Medical/Dental - 100% paid premiums for employees and dependentsHRA with $1,000 company contribution401k with safe harbor contribution1 week PTO for first year, 2 on second year6 paid holidaysRequirements Education: Bachelor's degree in Accounting, Finance, or a related field.Experience: Minimum of 5 years of accounts receivable experience, with at least 2 years in a leadership role within the construction industry.Construction Knowledge: In-depth understanding of construction billing processes, progress billing, prevailing wage regulations, project accounting, and familiarity with industry-specific terms and regulations.Software Skills: Proficient in accounting software (e.g., QuickBooks, SAP) and Microsoft Excel.Communication Skills: Excellent verbal and written communication skills with the ability to interact effectively with clients, project managers, and internal teams.Robert Half is the world’s first and largest specialized talent solutions firm that connects highly qualified job seekers to opportunities at great companies. We offer contract, temporary and permanent placement solutions for finance and accounting, technology, marketing and creative, legal, and administrative and customer support roles.Robert Half works to put you in the best position to succeed. We provide access to top jobs, competitive compensation and benefits, and free online training. Stay on top of every opportunity - whenever you choose - even on the go. Download the Robert Half app (https://www.roberthalf.com/us/en/mobile-app) and get 1-tap apply, notifications of AI-matched jobs, and much more.All applicants applying for U.S. job openings must be legally authorized to work in the United States. Benefits are available to contract/temporary professionals, including medical, vision, dental, and life and disability insurance. Hired contract/temporary professionals are also eligible to enroll in our company 401(k) plan. Visit roberthalf.gobenefits.net for more information.© 2024 Robert Half. An Equal Opportunity Employer. M/F/Disability/Veterans. By clicking “Apply Now,” you’re agreeing to Robert Half’s Terms of Use (https:///www.roberthalf.com/us/en/terms) .