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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Cheese Merchants Of America jobs

Director of Accounts Payables and Receivables