Expired returns manager
Bridgewater, NJ, US
Accounting / Finance
Bachelors Degree
Full Time, Temporary
55
Manager (Manager/Supervisor)
On-site
Biotechnology/Pharmaceuticals
First Shift (Day)
Bridgewater, NJ, US
55
Manager (Manager/Supervisor)
Full Time, Temporary
Biotechnology/Pharmaceuticals
On-site
Accounting / Finance
Bachelors Degree
First Shift (Day)
Job details
Job Title: Cash Application and Expired Returns Manager / Accounts Receivable Manager
Location: Bridgewater, NJ (Hybrid: 3 days onsite, 2 remote)
Salary: $47 – 57/hr. depending on experience
Job Type: Contract (6+ months), potentially contract to hire
About Us: We are looking for someone that possibly has Expired Pharma Returns experience.
This includes the validation of customer debit memos towards credit memo creation, working with a Returns/destruction business partner, very good analytic skills, and managerial experience (team of 5+ people).
Experience with Inmar, McKesson, Cencora, Cardinal. Understands NDC’s, contracts, pricing schemas, etc. Can manage a high volume of work and motivate/coach a team towards excellence.
Major Areas of Responsibility:
Expired Returns Management:
- Lead the Returns function, focusing on timely processing of expired pharmaceutical product return credits.
- Maintain compliance with SOPs and SOX controls while managing the relationship with Inmar.
- Drives the creation of credit memos
- Approves invoice payment, monitors PO, participates in Agreement and pricing renewal.
- Monitors return deductions
- Monitor return deductions, collaborate with AR Manager, and drive the creation of credit memos within policy guidelines.
- Prepare year-to-date reports and create quarterly contract pricing lists
- Manages high-profile customer inquiry escalations and errors.
- Manages cross-checking procedure. Answers all Audit requests, participates in Audit meetings
Cash Application Management:
- Oversee the Cash Application function, ensuring accurate and timely cash posting and resolution of unidentified receipts.
- Train, evaluate, and coach team members while allocating and prioritizing workloads.
- Collaborate with banks and ICT regarding lockbox files, addressing issues related to late/incorrect postings.
- Monitor and enhance the OCR function with Kofax, ensuring proper consumption of 820 remittances.
- Prepare and maintain cash logs, reconcile AR cash activity, and formulate monthly cash accruals.
- Work with AR Managers and Treasury on cash forecasting and monitor AR bank accounts and payment process
- Ensures NSF checks and credit card chargebacks are manually added to the AR subledger.ors.
- Reconcile cash clearing accounts, prepare journal entries, and ensure compliance with SOX controls.
- Conduct regular meetings to promote continual process improvement and support Cash In Advance functions.
Education / Skills / Abilities:
- Minimum of 5 years of related experience, including at least 3 years in people management.
- Experience with major retailers, chains, or wholesale distributors required
- Pharmaceutical experience is a plus.
- Bachelor’s degree in Business, Finance, or Accounting preferred.
- Strong Excel skills, including pivot tables and V-lookups.
- Familiarity with ERP systems, especially SAP required, SAP – S/4HANA, is highly desired as we prepare for a migration in February.
- This role requires strong leadership and people management skills to guide a hardworking team through analytical challenges in accounts receivable and finance.
- The position requires a strategic leader to oversee both cash applications and returns management, addressing the need for collaboration and mentorship within the team
- Knowledge of SOX guidelines and procedures.
- Detail-oriented with a strong understanding of the overall business context.
Application Process: If you are a motivated and experienced professional looking to make a significant impact in a dynamic environment, please submit your resume and a cover letter detailing your relevant experience.
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