Accounts Receivable Manager

Lotus Group is thrilled to be partnering with a Canadian, privately owned enterprise that is a leading provider of engineered industrial solutions, including advanced valve technologies, custom alloy fabrication, and full-service compressed air systems. As the parent company overseeing these specialized industrial divisions, they deliver comprehensive shared corporate services to support their operations.  Their clients span mining, oil and gas, petrochemical, and broader industrial markets across North America.

They are currently seeking an Accounts Receivable Manager to join their team in Edmonton, Alberta.

This individual will lead and optimize the company's credit management, accounts receivable, and accounts payable processes. This role ensures financial accuracy, mitigates credit risk, and drives improvements to support healthy cash flow and strong relationships.

Key Responsibilities:

Credit Management:

• Oversee the end-to-end credit application process, including reviewing documentation, verifying customer information, and ensuring compliance with company credit policies and risk frameworks.
• Conduct thorough creditworthiness assessments using financial statements, credit reports, and payment history to minimize exposure to bad debt.
• Develop and implement credit risk mitigation strategies, including setting credit limits and monitoring high risk accounts.
• Maintain strong relationships with customers and internal stakeholders to resolve credit-related issues promptly and professionally.

Accounts Receivable & Payable:

• Lead AR/AP teams to ensure accurate and timely invoicing, collections, and vendor payments in alignment with contractual terms.
• Monitor aging reports regularly, identify overdue accounts, and implement proactive collection strategies to improve cash flow.

• Negotiate payment arrangements with customers when necessary and escalate unresolved issues appropriately.

• Optimize payment cycles and vendor relationships to maintain positive supplier partnerships and avoid late payment penalties.

Financial Operations:

• Design and maintain streamlined workflows for billing, collections, and payment processing to enhance efficiency and reduce errors.
• Oversee reconciliation of accounts and ensure all transactions are accurately recorded in ERP systems.
• Collaborate with IT and Finance teams to implement automation tools and improve system integration for financial processes.
• Drive continuous improvement initiatives to reduce operational costs and improve turnaround times.

Leadership & Collaboration:

• Provide clear direction, coaching, and performance feedback to team members, fostering a culture of accountability and excellence.

• Develop training programs to enhance team skills in credit analysis, collections, and financial compliance.

• Partner with Sales, Procurement, and Finance teams to align credit and payment processes with business objectives and customer experience goals.

• Act as a key liaison between internal departments to resolve disputes and ensure smooth financial operations.

Compliance & Reporting:

• Ensure strict adherence to internal controls, company policies, and regulatory requirements related to credit and financial transactions.
• Prepare accurate and timely reports on credit exposure, cash flow, AR/AP performance, and risk indicators for senior management.
• Support internal and external audits by providing required documentation and addressing audit findings promptly.
• Stay updated on industry regulations and best practices to maintain compliance and improve operational standards.

Key Requirements:

• Bachelor's degree in finance, accounting, or related field (CPA or CMA designation is an asset).

• 5+ years of experience in credit management and financial operations.

• Strong knowledge of AR/AP processes and credit risk assessment.

• Previous experience leading a team of accounting professionals

• Excellent leadership, communication, and problem-solving skills.

• Demonstrates the ability to lead cross functional teams.

• High level of organizational skills and attention to detail.

• Experience with Microsoft Office 365 (Outlook, Word, Excel, and Teams).

• Experience with CRM and ERP such as Salesforce is considered an asset.

• Review and demonstrate understanding of all company Health & Safety Policies.

• Actively participate in Hazard Reporting.

We thank all interested applicants. Please note that only those applicants who meet the qualifications and requirements will be contacted.

Lotus Group provides Elevated Search, Recruitment and Human Resource services across Canada. With established client and talent networks spanning coast to coast, we know that employees are the power that fuel excellent organizations. Lotus group is dedicated to being Canada's most trusted provider of Elevated People Solutions.

For more information, visit