Accounting Manager (Accounts Receivable) at Life Fitness

| Northwest Suburbs
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  • An empty treadmill isn’t compelling, but once someone steps on it, the stories are limitless. Our goal is to connect people emotionally to their fitness journey. We are a global team coming from different cultures and backgrounds with a shared passion to achieve and live our mission of inspiring healthier lives.

     

    Inspire. Innovate. Make an impact and join our team!

     

    The Accounting Manager, Accounts Receivable implements best practices internal controls, process improvements, drive performance analysis, produce global presentations for management and ensure accurate reporting in the Accounts Receivable function. This individual leads the team responsible for managing invoicing, cash receipt/application and establishment of customer accounts. This important function will ensure that our accounting records for accounts receivable are accurate and appropriate, and provide value added analysis to maximize receivables performance

     

    Implement Internal Controls and Process Improvements:

    • Establish policies and procedures to ensure that daily checks, credit cards and wire transactions are posted accurately, timely and appropriately to the correct account and reconciled without exception

    • Develop internal controls for cash receipt/application and weekly reports to monitor compliance

    • Utilize system capabilities and new technologies to create efficiencies, eliminate manual work and reduce errors in the cash application and account set up function

    • Create processes for exception handling of NSF payments and ensure they controlled

    • Establish processes to eliminate check receipt in headquarter office, monitor effectiveness

    • Develop processes to ensure credit card transactions are consistently effective, and develop solutions for exceptions

    • Assist in best practices deployment for international subsidiaries regarding AR

     

    Drive Performance Analysis and Reporting:

    • Develop and produce monthly Customer Finance performance analytics to highlight areas of improvement, drive change while ensuring timeliness and accuracy

    • Create monthly Global Customer Finance presentations consolidating key credit/collections metrics from our International Subsidiaries for Senior Management ensuring timeliness and accuracy.

    • Analyze the accounts receivable processing of funds received and determine key metrics to measure performance and drive improvements

    • Test, analyze and adjust regularly key internal controls to ensure best practices

    • Assist with accounts receivable reconciliations and bank account reconciliations on a monthly basis understanding all reconciling items and providing required backup documentation

    • Reconcile and manage intercompany accounts

    • Manage daily Oracle invoicing, transaction register and exception handling

    • Ensure aging reports are produced, posted and accurate

    • Produce all month end accounting entries/reports as required and assist with the accounting close process

    • Monitor and control the commercial unapplied account and ensure staff actively clear balances assigning them to the correct account in a timely basis

    • Analyze and produce monthly borrowing base calculation and support annual bank audit

    • Support all financial audit and sales tax audit requests and questions

    • Special project and analysis regarding credit, collection, leasing and international as needed

     

    Team Management:

    • Oversee management of staff handling daily receipts ensuring accuracy, efficiency and timeliness of application

    • Manage staff’s credit card processing, chargebacks, refunds and assist accounting with reconciliation

    • Manage the customer account setup/maintenance function to ensure accounts are unique and set up   managed timely, accurately and appropriately. Establish internal control process to document account set-up and relationship arrangements

    • Provide regular training sessions on processes and Oracle systems with staff to refresh process, identify issues and create efficiencies

    • Cross train staff to assure backups available

     

    Qualifications:

    • B.S. in Finance or Accounting Required

    • A minimum of 5 years of Accounting and AR experience, with background directly or indirectly supervising the work of and mentoring team members

    • Previous experience identifying process gaps, initiating and implementing sustainable process improvements and best practices

    • Prior/current exposure to global AR transactions and collaboration with cross-functional stakeholders such as Operations, Manufacturing and Treasury highly preferred

    • Oracle Cloud experience preferred, proficiency in Oracle Cash Management desired

    • Advanced proficiency in Excel, with experience crafting executive-level reports and presentations

     

     

     

    Want to take the next step in your career?

     

    Life Fitness takes pride in our talented employees and believe in providing opportunities for further growth and advancement. We encourage you to test your strengths, push your limits and unleash your potential.

     

    If you feel the open position you see is right for you, we invite you to apply.

     

    Learn more about us here.

     

    Life Fitness does not accept applications, inquiries or solicitations from unapproved staffing agencies or vendors.

    Equal Opportunity Employer: Minorities/Women/Protected Veterans/Disabled

    EEO is The Law - click here for more information

Read Full Job Description

Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • C++Languages
    • JavaLanguages
    • AndroidLanguages
    • AngularJSFrameworks
    • Backbone.jsFrameworks
    • Node.jsFrameworks
    • Microsoft SQL ServerDatabases
    • OracleDatabases
    • Google AnalyticsAnalytics
    • IllustratorDesign
    • PhotoshopDesign
    • SolidWorksDesign
    • JIRAManagement
    • DrupalCMS
    • SalesforceCRM
    • PardotCRM
    • MailChimpEmail
    • Oracle EloquaLead Gen

Location

10601 Belmont Avenue, Franklin Park, IL 60131

An Insider's view of Life Fitness

What projects are you most excited about?

Life Fitness On Demand is a digital library of instructor-led classes streamed on our app and cardio equipment. Collaborating with the brightest minds at Life Fitness, I've led and seen it grow from conceptualization to product launch. I am excited as we continue to enhance the in-workout user experience and integrate new technologies.

Arturo

Director, Product Development

How has your career grown since starting at the company?

I’m proud to say that my career has shown consistent progression over the last two decades. In college, I began my journey as a part-time office admin and am now one of our IT leaders. I held various analyst roles within the business and IT. My growth has been truly influenced by some amazing leaders who saw my potential and supported me.

Deanna

Director, Business Solutions

What are Life Fitness Perks + Benefits

Culture
Volunteer in local community
Friends outside of work
Eat lunch together
Intracompany committees
Daily sync
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Diversity
Documented equal pay policy
Unconscious bias training
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Life Fitness employees have access to an FSA
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Fitness' health insurance policy covers some out of pocket expenses.
Life Insurance
Wellness Programs
Onsite Gym
Team workouts
Life Fitness offers team fitness initiatives including in-office yoga, in-office fitness classes, and sponsored race teams.
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Performance Bonus
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Life Fitness provides employees with a flexible work schedule that includes summer hours, flexible start and end times.
Remote Work Program
Our remote work program includes work from home and the ability to work remotely on occasion as needed.
Family Medical Leave
Adoption Assistance
Company sponsored family events
Life Fitness sponsors family oriented events annually.
Vacation & Time Off Benefits
Generous PTO
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Game Room
Our game room includes ping pong, a pool table, foosball, shuffle board, and darts.
Happy Hours
Happy hours are hosted on occasion.
Parking
We offer employees free on-site garage parking.
Recreational Clubs
Relocation Assistance
Fitness Subsidies
Free onsite gym at all office locations.
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Diversity Program
Lunch and learns
Life Fitness hosts lunch and learn meetings on occasion.
Cross functional training encouraged
Promote from within
Mentorship program
Paid industry certifications
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