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Accounts Payable Manager
2 years ago
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We are looking for an Accounts Payable Manager to support our team at our corporate location in Cincinnati, Ohio.
This position reports directly to the Director, Corporate Financial Shared Services (CFSS). As a hands-on CFSS Accounting Manager overseeing AP and AR mass transactional processing, you will be responsible for the daily coordination and processing of all US activities regarding payments to suppliers and billing to and cash receipts from customers in addition to monitoring and managing LSl’s domestic accounts payable and receivable functions.
- Interpret and enforce consistent application of A/P and A/R processes, ensuring compliance and efficiency with corporate policy and internal controls.
- Develop, establish, train, and maintain A/P processes and procedures such as A/P processing desk-top procedures, electronic payment method requirements, vendor/supplier master record setup/maintenance, 1099’s, and A/P department metrics where appropriate.
- Oversees activities of US accounts payable personnel ensuring timeliness and accuracy of all supplier invoice processing including 3-way matching, cost variance review, and error resolution; disbursement transactions; review of weekly unmatched receipts; monthly accrual, related inter-company reconciliation, and closing process; vendor setup and master record maintenance; supplier dispute resolution; and departmental metrics where appropriate.
- Develop, establish, train, and maintain A/R processes and procedures such as desk-top billing procedures, customer specific portal upload protocols, credit card processing and applied fee schedules, cash application, and departmental metrics where appropriate.
- Oversees activities of US accounts receivable personnel ensuring timeliness and accuracy of customer billing and cash receipts/application activities.
- Develop a highly skilled, well-trained, cross-functional staff through training and mentoring to ensure the efficient and effective management of all A/P and A/R functions, with the ability to support a rapid-growth environment.
- Assist in developing and implementing strengthened internal control procedures (both systematic and user functional) to ensure data integrity and safeguarding of assets, while minimizing manual effort to ensure compliance.
- Responsible for driving cohesive cross-functional approach to team and its interaction with external customers and internal business partners.
- Managerial responsibilities include participating in hiring process, career development of staff, preparing and administering on-time delivery of performance reviews, enforcing attendance and work rules uniformly and recommending and participating when counseling or discipline action is required in compliance with Company policies and procedures
- Provide required data, reports, and documentation for internal and external audits
- Assists the Director, CFSS and Chief Accounting Officer with various special projects and initiatives on an as needed basis.
Education/Experience:
- Bachelor’s degree in accounting, Finance, or related field.
- 10 years’ experience in Accounts Payable (AP) and/or Accounts Receivable (AR), both preferred.
- 5+ years’ management/supervisory experience of 3+ staff required.
- 5 years’ experience in a shared service organization/environment desired.
Functional/Technical Knowledge, Skills & Abilities:
- Demonstrated ability to work cross-functionally with FSS business partners to promote best practices, and to develop solutions to business challenges.
- Proficiency in utilizing large ERP systems, with a preference for JDEdwards.
- Experience with Invoicing Processing tools, such as OCR and electronic approval workflows.
- Strong grasp of Cash Applications tools preferred.
- Previous experience with process improvement and strengthening internal controls.
- Expertise in Microsoft Suite applications, including Word, Excel, PowerPoint, and Outlook.
- Demonstrates outstanding interpersonal and organizational skills, meticulous attention to detail, and excellent listening, verbal, and written communication abilities.
- Highly motivated and self-directed professional who readily takes initiative.
- Must be able to work with a diverse variety of people from diverse cultures and backgrounds