The Accounts Receivable (AR) Manager plays a key role in overseeing and managing the accounts receivable function within the organization. This role ensures the accurate and timely processing of receivables, maintains donor and grant records, and aligns with the organization's financial policies and mission. The ideal candidate is a detail-oriented professional with experience in nonprofit finance and a passion for supporting a cause-driven organization.
Key Responsibilities:
Accounts Receivable Management:
Oversee and manage all accounts receivable processes, including invoicing, payment tracking, and reconciliation.
Ensure timely collection of contributions, grants, pledges, and program service revenues.
Monitor aging reports and implement effective strategies to manage collections.
Donor and Grant Management:
Maintain accurate records of donor contributions and grant funds in compliance with donor agreements.
Collaborate with the Development team to track pledges and ensure appropriate allocation of funds.
Reconcile donor databases with financial systems to ensure accuracy and consistency.
Financial Reporting:
Prepare regular reports on receivable activities, collections, and outstanding balances for both internal and external stakeholders.
Assist with preparing audit schedules and financial reports related to receivables.
Policy Development and Compliance:
Develop, implement, and maintain AR policies and procedures tailored to the nonprofit environment.
Ensure compliance with nonprofit accounting standards such as GAAP, FASB, and IRS regulations.
Team Collaboration:
Collaborate with the Finance and Development teams to ensure alignment of financial processes and donor stewardship efforts.
Provide training and guidance to team members regarding AR policies and systems.
Systems and Technology:
Manage and optimize AR software and tools, ensuring seamless integration with donor management and financial systems.
Stay informed on technology trends and recommend improvements to enhance efficiency.
Qualifications:
Education and Experience:
Bachelor's Degree in Accounting, Finance, Business Administration, or a related field.
Minimum of 3-5 years of experience in accounts receivable management, preferably within a nonprofit organization.
Skills and Competencies:
Strong knowledge of nonprofit accounting standards and practices.
Proficiency with accounting software (e.g., QuickBooks, Blackbaud, or other nonprofit-specific platforms).
Advanced Excel skills and familiarity with donor database management systems.
Excellent analytical, problem-solving, and organizational skills.
Exceptional attention to detail and accuracy.
Interpersonal Attributes:
Strong communication skills, both written and verbal.
Ability to work collaboratively across departments.
Commitment to the organization's mission and values.
Working Conditions:
Primarily office-based, with occasional opportunities for remote work.
May require occasional evening or weekend hours for deadlines or donor-related activities.