About Us
Finance in a Box is an Accounting & Financial Consulting firm based in California, USA. We provide outsourced CFO/Controller services to companies around the world. In addition, we assist companies with building accounting teams.
Job-Overview
Job Title:
Head of Cash & Collections
Job Location:
Remote
Job Shift:
US PST Shift (8 pm-5 am, IST)
We are seeking an experienced and dynamic Head of Cash and Collections to oversee the collections process for our client’s trucking and intermodal drayage operations. This individual will lead the collections team, develop strategies to improve cash flow and ensure the timely collection of accounts receivable. The ideal candidate will have a strong background in collections, specifically within the logistics, transportation, or drayage industries.
Responsibilities and Duties
- Leadership and Strategy: Lead and mentor the collections team, fostering a high-performance culture. Develop and implement effective collections strategies to optimize cash flow and reduce overdue receivables. Set and track key performance indicators (KPIs) for the collections department. Collaborate with senior management to align collections strategies with overall company objectives.
- Collections Management: Oversee the day-to-day operations of the collections team, ensuring adherence to company policies and procedures. Manage complex and high-value accounts, providing guidance on resolution strategies. Conduct regular reviews of accounts receivable aging reports and prioritize collection efforts. Develop and maintain relationships with key clients to facilitate timely payments and resolve disputes. Ability to effectively manage in a remote environment over multiple time zones
- Process Improvement: Identify areas for process improvement and implement best practices in collections and accounts receivable management. Utilize technology and automation tools to streamline collections processes and enhance efficiency. Ensure compliance with relevant regulations and industry standards.
- Reporting and Analysis: Prepare regular reports on collections performance, highlighting trends and areas for improvement. Provide insights and recommendations to senior management based on data analysis. Monitor the effectiveness of collection strategies and adjust as necessary.
- Collaboration: Work closely with the sales, customer service, and operations teams to address billing issues and improve client satisfaction. Collaborate with the finance team on cash flow forecasting and budgeting.
Preferred Qualifications
- Bachelor’s degree in Finance, Accounting, Business Administration, or related field; MBA or equivalent preferred.
- 7+ years of experience in collections, with at least 3 years in a leadership role.
- Proven track record of success in collections within the trucking, logistics, or intermodal drayage industry.
- Strong understanding of accounts receivable processes and best practices.
- Excellent leadership and team management skills.
- Superior communication and negotiation abilities.
- Proficiency in accounting software and Microsoft Office Suite; experience with collections management systems preferred.
- Strong analytical and problem-solving skills.
- Ability to work effectively in a fast-paced, dynamic environment.
Benefits
- Financial: Provident Fund
- Work-Life Balance: Paid Time Off (PTO)
- Employee Incentives: Leave encashment
- Health: Health Care & Dependent Care
- Remote Work: Work from home
If you are interested in a position with growth potential, kindly send your current CV/resume to careers@financeinabox.co along with your current & expected salary & notice period. Competitive compensation and advancement opportunities await! Looking forward to hearing from you. This job description is not an exclusive or exhaustive list of all job functions that an employee in this position may be asked to perform from time to time.Apply for this job
