Director of Accounts Payables and Receivables
The Director of Accounts Payable (AP) & Accounts Receivable (AR) will contribute to the company's success by driving compliant, accurate, timely and consistent processes allowing for efficient, and accurate cash planning and disbursements to and from its vendors and customers. Responsibilities include balancing day-to-day management of the AP & AR workflows, overseeing AP/AR staff, and continuous review and enhancement of process, functions, and capabilities to improve cash flow and ensure excellent service. The ideal candidate will have AP and AR managerial experience for a food manufacturer or related company.
Responsibilities
- Ensure on time and accurate payment of invoices and professional response to vendor payment inquiries
- Proactively identify key trends and variances impacting cash flow, clean books, and vendor service
- Continually review payment planning and forecasting to improve cash position, efficiency metrics, financial ratios, including establishing staff responsibilities, payment parameters, and setting measurable goals
- Effectively drive a culture of collaboration, accountability, and vendor service
- Direct management of approximately 8 team members, including interviewing, hiring and termination, performance management, coaching, and mentoring
- Provide guidance to the team with technical assistance on systems, and support staff with complex problem solving and troubleshooting
- Audit work of the team to maintain efficiency and accuracy
- Alert executive management to irregularities, trends, and areas of concern with supplier payments, AR aging’s and cash flow
- Actively manage collection efforts for the department to maintain customers within terms and limit exposure to bad debt
- Maintain accurate vendor and customer master data, implement customer credit limits and perform periodic reviews, and handle credit applications and review of new customers from a credit perspective
- Run, review, and analyze department reporting systems and provide assessment and feedback of current Key Performance Indicator (KPI) outcomes for the department to staff, and senior leadership
- Ensure proper coding procedures are set and executed for invoices and ensure US GAAP accounting is followed
- Maintain financial information for historical purposes and in accordance with company policies. This includes invoices, documentation, bank information, W9s etc.
- Create Standard Operating Procedures and training manuals for payables & receivables functions
- Manage, prepare and file annual 1099s timely.
- Lead month-end close review and completion for payables & receivables tasks
- Support in external audits
- Ad hoc projects as needed
Competencies
- Passionate, team player, eager to learn and grow
- Business Acumen
- Business partnering
- Accurate and strong attention to detail and ability to multi-task
- Ability to work independently and with others
- Process improvement/simplification mindset
- Solutions oriented
- Financial Analysis Skills
- Results Driven/Initiative
- Presentation Skills
- Organizational & Time Management Skills
Required Education and Experience
- BA/BS degree
- Required experience 7 plus years in Accounting/AP/AR
- Accounting system experience needed with Business Central experience preferred
- Knowledge of Concur expense reporting platform is a plus
- Ability to work well with leadership and across multiple departments
- Excellent organizational/project management skills
- Polished communication skills and written skills
- Proficiency in Microsoft Excel and Word
- Experience working within an ERP system
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