Subsidy AR Manager

Subsidy AR Manager

Cadence Education is currently in search of our next Subsidy AR Manager

Cadence Education is one of the premier early childhood educators in the United States, operating over 300 private preschools and elementary schools across 30 states. With over 30 years in business, we have developed an unparalleled expertise in preparing students to thrive in the next step of their childhood.

At Cadence Education, our mission is to create bright futures for children, families, employees and our communities. This mission can only be accomplished through a team of passionate childcare professionals who combine their talents to provide an unparalleled level of care and compassion for children and their families. Our research-based curriculum and home-based environments are the leading edge of early education.

Our schools are staffed with individuals who are talented, fun, and genuinely enthusiastic about child development and learning. We encourage collaboration and cherish open-communication in each school and with our corporate office. We work hard to create an outstanding work-life balance by supporting leaders and staff members every step of the way. For additional information about Cadence, please visit www.cadence-education.com.

Benefits of Working Full Time at Cadence Education:

• Competitive compensation
• 50% childcare tuition discount
• NEW! 401(k) with employer match
• Educational and professional development
• Comprehensive benefit package for all full-time employees, including:
• Paid time off that increases with seniority
• Medical, dental, vision options available
• Additional life, disability, and retirement plans
• Tuition reimbursement
• Company-paid life insurance
• Paid holidays
• 401K
• Pet insurance
• Paid CDA

JOB SUMMARY:

The Subsidy Accounts Receivable Manager is an integral member of the finance team and leads the subsidy collection activities for over 300 schools. Under the direction of the Subsidy Compliance and Risk Director, the Accounts Receivable (AR) Manager will be responsible for, but not limited to, managing the Subsidy Accounts Receivable team while leading various management initiatives and systems implementation projects. The AR Manager is responsible for the oversite of collection and cash application activities and timely management of all Subsidy AR aging components. The AR Manager will also maintain and improve sustained cash flow through diligent and aggressive monitoring of payment tracking from our subsidy providers. This role will direct initiatives to improve working capital, including account monitoring, and ensuring effective and efficient processing of Subsidy AR functions. This position is highly visible and requires a strong leader with the ability to prioritize, plan, and firmly direct the department. The candidate will also develop and maintain a comprehensive understanding of subsidy programs applicable to the organization, monitor changes in subsidy regulations and guidelines, assess their impact on the business, and ensure timely compliance.

ESSENTIAL FUNCTIONS:

1. Responsible for full day-to-day operations and supervision of Subsidy/CACFP team, including coaching and development.
2. Responsible for all aspects of Subsidy AR applications, credit and collections and dispute resolution.
3. Resolves complicated and escalated customer service issues.
4. Ability to research and assist with reconciliations of complicated customer account balances.
5. Monitor all collection activities and develop processes to improve cash flow and downsize receivables. Prepare and reconcile all Subsidy accounts receivable accounts and prepare month-end closing of the Subsidy AR group information.
6. Develop, enhance, and deliver training materials to ensure best practices are communicated to field operations.
7. Drive improvements to the company’s Subsidy A/R collections policies and procedures.
8. Design and implement internal controls to monitor compliance with subsidy program requirements

JOB QUALIFICATIONS:

Knowledge, Skills, and Abilities:

• Requires ability to read, write and communicate effectively in English.
• Must have the ability to supervise and coordinate the work of subordinate personnel in a manner conducive to full performance and high morale.
• Must be approachable, people oriented, and a good listener.
• Must be a change agent able to develop, implement and maintain policies and processes.
• Requires the ability to be a creative, independent thinker.
• Must exhibit a high degree of professionalism, customer service, and enthusiasm, combined with the ability to build relationships with business and key stakeholders.
• Must possess solid analytical and problem-solving skills along with the ability to utilize the appropriate management techniques to plan, organize, control and coordinate activities.

Education or equivalency:

• Requires a bachelor’s degree in accounting or related field; or an equivalent combination of training and progressively responsible experience that will result in the required specialized knowledge and abilities to perform the assigned work.

Experience:

• Minimum of five (5) years of progressively responsible experience that demonstrates a strong understanding of the required knowledge, skills and abilities.
• Requires prior supervisory/management experience.

Specialized training:

• Comprehensive knowledge of AR concepts and principles.

Cadence Education is an Equal Opportunity Employer.