Billing Manager
Provi
Chicago, IL, USA
Posted on Saturday, April 20, 2024
The AR and Billing Manager is a key role responsible for overseeing the Accounts Receivable and billing functions, with a specialized focus on the unique challenges and intricacies associated with subscription-based revenue and deferred revenue. This role involves leading a team, ensuring accurate and timely invoicing, overseeing collections, and reporting. The AR and Billing Manager plays a crucial role in maintaining financial stability and ensuring compliance with accounting standards.
What you'll be doing
- Lead and mentor the AR and billing team, fostering a collaborative and high-performance work environment.
- Oversee the accurate and timely creation and distribution of invoices, ensuring compliance with company policies and industry regulations.
- Collaborate with cross-functional teams to address billing discrepancies and improve billing processes.
- Monitor accounts receivable aging, implementing effective credit and collection policies.
- Collaborate with customers and internal teams to resolve billing-related inquiries and disputes.
- Develop and maintain a comprehensive understanding of deferred revenue principles, including ASC 606.
- Implement robust reconciliation processes to verify the accuracy of recorded revenues, including deferred revenue.
- Work closely with accounting and finance teams to investigate and resolve any discrepancies.
- Review customer contracts to ensure proper accounting treatment for revenue recognition and deferred revenue.
- Provide guidance to sales and legal teams on contract structures aligned with accounting policies.
- Ensure compliance with accounting standards related to revenue recognition.
- Serve as a key point of contact during audits, providing necessary documentation and support.
- Generate and analyze reports related to accounts receivable, billing, deferred revenue, and revenue reconciliation.
- Generate and analyze reports specific to SaaS metrics, such as Monthly Recurring Revenue (MRR) and Annual Recurring Revenue (ARR).
- Implement and enhance processes for managing subscription renewals, upgrades, and downgrades.
- Identify and implement process improvements to enhance efficiency and accuracy.
- Work with cross-functional teams to streamline workflows and optimize the revenue cycle.
- Evaluate and implement billing and AR software solutions to enhance automation and efficiency.
What we are looking for
- Bachelor’s degree in Accounting, Finance, or a related field.
- Proven experience in accounts receivable and billing roles within the SaaS industry.
- Strong knowledge of accounting principles, revenue recognition standards (ASC 606), and deferred revenue accounting.
- Previous leadership experience with a focus on team development.
- Proficient in using accounting software and billing systems.
- Effective communication and interpersonal skills.