Job description
Who We Are:
Nutrabolt is a fast-growing, global active health and wellness company with a portfolio of market leading performance-oriented brands that energize and fuel active lifestyles. The company’s disruptive and innovative products compete in the Functional Beverage and Active Nutrition segments, under three consumer-loved brands: C4® (one of the fastest-growing energy drink brands in the United States and the #1 selling global pre-workout brand), XTEND® (the #1 post-workout recovery brand in the United States), and Cellucor® (an award-winning sports nutrition brand created in 2002).
Since its founding 20 years ago, Nutrabolt has set out to meet the discerning needs of performance athletes and fitness enthusiasts, while appealing beyond this core group to include consumers around the globe who are making healthy, active living a daily priority.
As a Certified Great Place to Work, Top Workplaces USA honoree, Fortune Best Workplace in Texas, and more – Nutrabolt cares deeply about our people, planet, and the communities we serve. Here, our teammates are united by our mission, and take ownership in creating a healthy workplace environment that promotes strong bodies, clear minds, and a culture of respect and belonging for all.
Note to applicants: This role is located in Austin, TX.
Who You Are:
As Nutrabolt’s Accounts Receivable Manager you will be responsible for simplifying, standardizing, and automation of the accounts receivable (AR), Deductions and claims functions. You will also manage a variety of duties related to credit evaluation, customer collections and management of customer deductions. This role will work collaboratively with the Accounting, Finance, Sales, Supply Chain teams, and our retail partners to help improve AR, trade ROI, provide spend reporting and reduce non-trade charges.
What You’re Good At:
- Subject matter expert for AR, claims and billing transactions
- Analyze, monitor, and improve all AR metrics and trends such as AR Aging, DSO (Daily Sales Outstanding) & DDO (Daily Deductions Outstanding), credit balances and bad debt expense through ongoing communication with Customer Advocacy, Operations, Sales, Business Intelligence and Accounting
- Meet AR operational standards by contributing information to strategic plans and reviews
- Review and approve new customer set ups ensuring that all required documentation is received, and appropriate credit limits and terms are assigned based on customer risk
- Communicate with internal/external customers concerning credit/collection related issues escalated by the AR team
- Negotiate payments plans and assist AR team with delinquent accounts on credit hold with potential for uncollectibility
- Manage customer deductions process while ensuring the claims are processed in a timely fashion
- Lead periodic meetings with senior leadership to review past due invoices, collections concerns, risk and deductions
- Generate and track monthly AFDA write off transactions while making recommendations for extra reserves for the AFDA
- Oversee all cash activity and month-end closing and AR reconciliation functions, including open invoice listings, AR general ledgers and unapplied cash reporting
- Oversee deduction application and dispute resolution to ensure that they are completed accurately and executed in a timely manner to support the monthly financial close.
- Maintain close working relationship with the sales team to validate deductions and obtain appropriate approvals
- Coach, mentor and develop the AR and Deduction teams to ensure effective productivity and performance objectives are met
- Participate in continuous improvement initiatives undertaken by the accounting department
- Monitor compliance of accounting policies and internal controls and support internal and external audits.
- Departmental liaison with special projects and issues as needed
- Develop and maintain user documentation for D365 and standard operational processes
- Conducts performance appraisals. Provides suggestions for improved performance.
In this role your goals and KPIs will be focused around:
- AR Aging
- Daily Sales & Deductions Outstanding
- Credit balances
- Team Management
What You Contribute:
- Bachelor’s degree preferably in accounting or a related field
- 10 years accounts receivable/credit experience including 3 years management experience
- Consumer packaged goods (CPG) or similar experience required
- Thorough understanding of credit and accounts receivable practices. Experience in working with major retailers (e.g. Wal-Mart, Target, Amazon) strongly preferred
- Strong hands-on leadership and problem-solving skills
- Detail oriented, ability to multitask and meet deadlines
- Works well under pressure and tight deadlines
- Ability to manage multiple projects and meet deadlines
- Excellent negotiation and change management skills
- Excellent written and verbal communication skill
- ERP and high-volume transactions (MS Dynamics preferred)
- High Radius Cash App/Deductions Platform experience preferred.
- MS Office Suite (strong Excel skills required)
Why Nutrabolt?
Wellness Benefits
Nutrabolt cares about our teammates’ physical, mental, and financial wellness by providing benefits like: competitive health insurance, life insurance, mental wellness programs, 401K matching, and a Lifestyle Spending Account.
Lifestyle Perks
We offer unlimited vacation paid time off and volunteer time off. You’ll get discounts on C4 Energy, Cellucor, and XTEND products, too!
Family Support
We want you to reach your full potential at work by taking care of all loved ones at home. We provide paid parental leave, in addition to reimbursement for expenses related to childcare, fertility treatments, legal fees, and more through our Lifestyle Spending Account.
Employment Type: Full-time
Work Environment: Hybrid
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