Accounts Receivable Manager
- Employer
- e.l.f. Beauty
- Location
- London, United Kingdom
- Salary
- Competitive Salary
- Closing date
- Aug 14, 2024
View more
- Job Role
- Accounts Receivable
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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e.l.f. Beauty, Inc. builds brands designed to disrupt industry norms, shape culture, and connect communities through positivity, inclusivity, and accessibility. Our deep commitment to clean, cruelty-free beauty at an incredible value has fueled the success of our flagship brand e.l.f. Cosmetics since 2004 and driven our portfolio expansion. Today, our multi-brand portfolio includes e.l.f. Cosmetics, e.l.f. SKIN, pioneering clean beauty brand Well People, Keys Soulcare, a groundbreaking lifestyle beauty brand created with Alicia Keys and Naturium, high-performance, biocompatible, clinically effective and accessible skincare. Our family of brands is available online and across leading beauty, mass market and clean beauty specialty retailers in the U.S. and has a growing international presence.
Business/Financial Highlights
e.l.f. Beauty, Inc. is publicly traded (NYSE: ELF) and has annual revenues of ~$500 million, a market cap of ~$4B and is a member of the S&P 600. Business and financial highlights include:• 20 consecutive quarters of net sales growth.• #3 mass cosmetics brand in the US with a 10% share and the fastest growing brand among the top 5.• Named Beauty Brand of the Year 2023 by Women’s Wear Daily.• Recognized in 2023 as one of the 10 Most Innovative Companies in Beauty by Fast Company magazine.
Team
Our employee base represents the consumers we serve, and we are committed to ensuring that diversity is represented across our entire organization. Key statistics and notable awards include:• Our employees are 75% female and 40% diverse representing the consumers we serve.• We are a leader in board diversity. We are 1 of 4 public companies in the U.S. (out of over 4,200 public companies) with a Board of Directors that has 2/3 women and 1/3 diverse representation.• Top 100 Most Loved Workplaces (Newsweek 2022)• America’s Best Midsize Companies (Forbes 2023)
Culture and Compensation
We believe the combination of our high-performance team culture, total compensation, workplace flexibility and care for the team is unmatched. We have a “one team, one dream” total compensation philosophy where all employees can participate in our business success. In addition to competitive pay and benefits, we are proud of the following:• All employees are on the same bonus plan tied to our financial performance. Our bonus plan has paid 200% of target in each of the last four years.• All employees receive equity at e.l.f. This includes a new hire grant and eligibility for an annual refresh grant.• Hybrid work environment with unlimited flexible time off.• Half-day Fridays year-round and a range of competitive benefits.
Position SummaryThe Accounts Receivable Manager will manage the day-to-day operations of the AR and Deductions department for the UK and international markets.
Responsibilities• Manage the monthly AR close process.• Review of collection reports to ascertain status of collections and balances outstanding and reduce collection cycle times (DSO) where possible.• Actively monitor and work with internal departments to resolve all outstanding Accounts Receivable claims and deductions to resolve AR balances.• Document trends and initiate corrective action to ensure maximum cash reimbursement.• Set up new customers.• Manage credit limits on all new and current customer accounts.• Reconciling customer payments between open invoices and credit memos and customer generated deductions to check or wire amount being paid.• Perform the cash application process to meet the monthly close deadline.• Reconciling prior end of month postings of customers “on-account” funds• Perform collections efforts on past due customer accounts.• Supporting external audits by providing accurate and well supported data and communication.• Manage any customer and operation’s questions and issues as they relate to customer payments and deductions support.• Validate customer deductions by reviewing claims, invoices, shipping documentation, EDI portal and NetSuite.
Requirements• Bachelor’s degree in accounting or finance• 3-4 years total relevant experience• Advanced knowledge and experience in Excel• Detailed, a problem-solver and organized.• Excellent verbal and written communication skills.• Strong analytical problem-solving aptitude, ability to organize work with large amounts of information efficiently, with strong attention to detail.• Ability to perform several tasks concurrently with ease and professionalism.
Business/Financial Highlights
e.l.f. Beauty, Inc. is publicly traded (NYSE: ELF) and has annual revenues of ~$500 million, a market cap of ~$4B and is a member of the S&P 600. Business and financial highlights include:• 20 consecutive quarters of net sales growth.• #3 mass cosmetics brand in the US with a 10% share and the fastest growing brand among the top 5.• Named Beauty Brand of the Year 2023 by Women’s Wear Daily.• Recognized in 2023 as one of the 10 Most Innovative Companies in Beauty by Fast Company magazine.
Team
Our employee base represents the consumers we serve, and we are committed to ensuring that diversity is represented across our entire organization. Key statistics and notable awards include:• Our employees are 75% female and 40% diverse representing the consumers we serve.• We are a leader in board diversity. We are 1 of 4 public companies in the U.S. (out of over 4,200 public companies) with a Board of Directors that has 2/3 women and 1/3 diverse representation.• Top 100 Most Loved Workplaces (Newsweek 2022)• America’s Best Midsize Companies (Forbes 2023)
Culture and Compensation
We believe the combination of our high-performance team culture, total compensation, workplace flexibility and care for the team is unmatched. We have a “one team, one dream” total compensation philosophy where all employees can participate in our business success. In addition to competitive pay and benefits, we are proud of the following:• All employees are on the same bonus plan tied to our financial performance. Our bonus plan has paid 200% of target in each of the last four years.• All employees receive equity at e.l.f. This includes a new hire grant and eligibility for an annual refresh grant.• Hybrid work environment with unlimited flexible time off.• Half-day Fridays year-round and a range of competitive benefits.
Position SummaryThe Accounts Receivable Manager will manage the day-to-day operations of the AR and Deductions department for the UK and international markets.
Responsibilities• Manage the monthly AR close process.• Review of collection reports to ascertain status of collections and balances outstanding and reduce collection cycle times (DSO) where possible.• Actively monitor and work with internal departments to resolve all outstanding Accounts Receivable claims and deductions to resolve AR balances.• Document trends and initiate corrective action to ensure maximum cash reimbursement.• Set up new customers.• Manage credit limits on all new and current customer accounts.• Reconciling customer payments between open invoices and credit memos and customer generated deductions to check or wire amount being paid.• Perform the cash application process to meet the monthly close deadline.• Reconciling prior end of month postings of customers “on-account” funds• Perform collections efforts on past due customer accounts.• Supporting external audits by providing accurate and well supported data and communication.• Manage any customer and operation’s questions and issues as they relate to customer payments and deductions support.• Validate customer deductions by reviewing claims, invoices, shipping documentation, EDI portal and NetSuite.
Requirements• Bachelor’s degree in accounting or finance• 3-4 years total relevant experience• Advanced knowledge and experience in Excel• Detailed, a problem-solver and organized.• Excellent verbal and written communication skills.• Strong analytical problem-solving aptitude, ability to organize work with large amounts of information efficiently, with strong attention to detail.• Ability to perform several tasks concurrently with ease and professionalism.
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