At Fairmatic we’re on a mission to make roads safer, one fleet at a time.
Fairmatic is revolutionizing the auto insurance industry by using data and AI to personalize options and incentivize safe driving with savings. Our predictive risk models have been trained with 200 billion miles of driving data and tested with hundreds of thousands of paying drivers.
Fairmatic’s leadership team includes serial entrepreneurs, insurance industry innovators, and startup veterans who have raised over $88M in funding in less than a year.
Join our global team of curious, adaptable technologists and problem solvers who are passionate about creating a positive impact on the world!
The Accounts Receivable Manager will play a crucial role in managing the company’s revenue stream by ensuring the efficient collection of payments and maintaining healthy cash flow. This individual will oversee the entire accounts receivable process, from invoicing to payment collection, while also managing relationships with agencies, carriers, and internal stakeholders. The ideal candidate will have a strong background in accounts receivable, excellent analytical skills, and experience in the insurance industry.
You’ll be the owner of:
- Accounts Receivable Management: Oversee and manage the entire accounts receivable process, ensuring timely and accurate invoicing, payment application, and collection of outstanding balances. Monitor accounts to identify and resolve discrepancies, delinquent accounts, and uncollectible balances. Develop and implement strategies to reduce Days Sales Outstanding (DSO) and improve cash flow.
- Client Relationship Management: Build and maintain strong relationships with agency partners to ensure smooth communication and prompt payment of invoices. Address client inquiries and disputes in a professional and timely manner, working to resolve issues while maintaining positive relationships.
- Month-End Close Reconciliations and Journal Entries: Review monthly reconciliations of accounts receivable sub-ledger to the general ledger, ensuring accuracy and completeness. Prepare and post journal entries related to accounts receivable, including adjustments for bad debt, credit memos, and revenue recognition. Assist in the preparation of month-end financial statements by providing accurate and timely accounts receivable data.
- Team Leadership: Lead and mentor a small team of accounts receivable specialists, providing guidance, training, and support to ensure team success. Establish clear goals and performance metrics for the team, conducting regular performance evaluations.
- Reporting and Analysis: Prepare and present regular reports on accounts receivable performance, including ageing reports, cash flow forecasts, and collection metrics. Analyze data to identify trends, risks, and opportunities for improvement in the accounts receivable process. Manage Carrier Reporting Process, including reconciling premiums with Data Feed/bordereau reports
- Compliance and Risk Management: Ensure compliance with company policies, industry regulations, and accounting standards. Collaborate with the finance and legal teams to mitigate risks related to credit and collections.
- Process Improvement: Identify and implement process improvements to enhance the efficiency and effectiveness of the accounts receivable function. Leverage technology and automation tools to streamline processes and reduce manual work.
The skills you’ll bring:
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
- 5+ years of experience in accounts receivable and/or accounting, with at least 2 years in a leadership role.
- Experience in the insurance industry
- Strong understanding of accounting principles, financial reporting, and collections processes.
- Excellent analytical skills with the ability to interpret financial data and make informed decisions.
- Proficient in accounting software and Microsoft Office Suite, particularly Excel.
- Strong communication, negotiation, and interpersonal skills.
- Ability to work independently in a fast-paced, start-up environment.
- Detail-oriented with strong organizational and time management skills.
Some of our US Benefits & Perks:
Unlimited PTO!
Medical, dental, and vision coverage
Life and disability insurance Learning and development program and stipend
Stipends for wellness and entertainment
Fully remote work supplemented with fun in-person events
Awesome Fairmatic gifts and swag!
We are always on the hunt for talented individuals!
Join us and let’s fulfill our mission to make roads safer, one fleet at a time.