Billing and Receivable Controller (225-731)

The Billing and Receivable Controller is a key financial role responsible for managing the billing process and overseeing the collection of outstanding customer invoices. This role is critical to maintaining the financial health of the organization by ensuring accurate billing and timely collections. The Billing and Receivable Controller works closely with various departments to streamline billing procedures, resolve billing disputes, and implement effective receivables management practices. By maintaining a comprehensive understanding of company products and services, the individual in this role ensures billing reflects the actual transaction terms. Additionally, this position involves regular reporting on billing activities and receivables status, contributing to the overall strategic financial planning and analysis, and ensuring adherence to applicable regulatory and accounting standards.

Responsibilities

• Manage the complete billing process, from invoice generation to final customer delivery.
• Ensure accuracy and compliance in all billing transactions and documentation.
• Oversee the timely collection of outstanding invoices to optimize cash flow.
• Collaborate with sales and customer service teams to resolve billing discrepancies effectively.
• Develop and implement strategies to improve collection rates and reduce receivables ageing.
• Prepare detailed reports on billing activities and account receivables for management review.
• Analyze billing and collections data to identify trends and areas for improvement.
• Maintain and update customer account records with accurate billing and payment information.
• Ensure compliance with all applicable financial regulations and internal policies.
• Work with external auditors to verify billing and receivables data during audits.
• Provide training and support to junior billing staff as needed.
• Utilize financial software systems to manage and track billing and receivables activities.

Requirements

• Bachelor’s degree in accounting, finance, or a related field is required.
• Minimum of 3-5 years experience in billing or accounts receivable management.
• Strong knowledge of financial regulations and accounting principles applicable to billing.
• Proficient in using accounting and financial management software such as SAP or QuickBooks.
• Excellent analytical skills and attention to detail for accuracy in financial reporting.
• Strong communication and interpersonal skills to negotiate with customers and collaborate internally.
• Ability to manage multiple tasks and prioritize effectively in a dynamic environment.