Director of Accounts Receivable - McGriff Insurance

Company:Marsh McLennan Agency

Description:

Our not-so-secret sauce.

Award-winning, inclusive, Top Workplace culture doesn’t happen overnight. It’s a result of hard work by extraordinary people. More than 11,000 of the industry’s brightest talent drive our efforts to deliver purposeful work and meaningful impact every day. Learn more about what makes us different and how you can thrive as a Director of Account Receivables at McGriff Insurance, a division of Marsh McLennan Agency (MMA).

MMA provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With 200 offices across North America, we combine the personalized service model of a local consultant with the global resources of the world’s leading professional services firm, Marsh McLennan (NYSE: MMC).

KEY RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Manage and supervise the fiduciary accounts receivable team, including hiring, training, and performance evaluations.
• Review and work with line of business on the invoicing process to ensure accuracy and timeliness.
• Monitor accounts receivable aging reports and implement effective collection strategies.
• Ensure fiduciary GL accounts are reconciled timely and discrepancies are corrected within corporate deadlines.
• Develop and maintain policies and procedures for the accounts receivable function.
• Reconcile accounts and resolve discrepancies in a timely manner.
• Coordinate with the sales and customer service teams to address customer billing issues and disputes.
• Prepare and present regular accounts receivable reports to senior management.
• Implement and optimize accounts receivable software and systems.
• Ensure compliance with relevant accounting standards and regulations.
• Identify opportunities for process improvements and implement best practices.
• Work with management on special projects and acquisitions/integrations as needed.

EDUCATION AND EXPERIENCEThe requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s degree or equivalent education and related training.
• Master’s in Business Administration (MBA) preferred.
• 7+ years of experience in Insurance or Accounts Receivables related experience.
• Managerial/leadership experience with supporting educational background.

FUNCTIONAL SKILLS

• Understanding of revenue recognition principles according to relevant accounting standards (e.g., GAAP, IFRS).
• Experience in creating and managing budgets and forecasting receivables.
• Strong negotiation and communication skills.
• Ability to identify and implement process improvements to streamline accounts receivable functions.
• Proficiency in analyzing data to identify trends and opportunities for improvement.
• Understanding of relevant accounts receivable software and technology.
• Experience in leading and managing accounts receivable projects, such as system implementation or process improvement initiatives.
• Excellent leadership skills to motivate, coach, and develop a high-performing accounts receivable team.
• Strong analytical and problem-solving skills.
• Exceptional attention to detail and accuracy.
• Excellent written and verbal communication skills.
• Ability to work independently and as part of a team.
• Proficiency in Microsoft Office Suite.

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