Director of Accounts Payable
Orgill
United States, Tennessee, Collierville
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Salary
$57,900 - $79,600 Per Year
Rank
Director
Responsibility
Functional Tower Lead
Scope
Regional
Workplace
100% in office
Functions
Finance
IT
Reports to
Level
N-3
Travel Max:
30%
Posting Date
01-02-2025
Description
The Director of Accounts Payable will be responsible for overseeing the accounts payable functions across two distinct but interrelated entities—the parent company’s hardware distribution operations and its retail subsidiary. This senior leadership position will require the management of a large team, the development and implementation of effective accounts payable strategies, and the optimization of processes to ensure timely and accurate payments, efficient vendor relations, and compliance with internal and external controls. This role will work closely with senior leadership to ensure the overall financial health and operational efficiency of both the hardware distribution business and its retail division.
Key Responsibilities
- Accounts Payable Leadership:
- Oversee the daily operations of the accounts payable department for both the hardware distribution company and its retail subsidiary.
- Lead, train, and develop a team of accounts payable professionals, fostering a high-performance culture of accuracy, efficiency, and accountability.
- Ensure both teams are meeting departmental goals, service level agreements (SLAs), and internal/external deadlines for invoice processing, vendor payments, and reporting.
- Process Optimization & Compliance:
- Review and enhance accounts payable workflows to improve efficiency, accuracy, and cycle time, incorporating best practices and automation where possible.
- Ensure strict compliance with company policies, accounting standards (GAAP), tax regulations, and industry-specific regulations.
- Oversee the approval and processing of invoices, credit memos, and payments to ensure proper documentation and adherence to contractual terms.
- Identify and resolve discrepancies and exceptions in a timely and accurate manner.
- Vendor Management & Relations:
- Establish and maintain strong working relationships with key vendors, ensuring timely and accurate payments and addressing any payment inquiries or disputes.
- Monitor vendor performance and compliance with agreed-upon terms and conditions.
- Financial Reporting & Analysis:
- Ensure accurate reporting of accounts payable balances, aged accounts, and payment terms for both business units.
- Provide regular reports to senior management on accounts payable metrics, including outstanding payables, payment cycles, cash flow projections, and vendor reconciliations.
- Lead month-end and year-end closing activities related to accounts payable, ensuring timely and accurate financial reporting.
- System & Technology Oversight:
- Oversee the accounts payable software systems (ERP, AP Automation) for both the parent company and retail subsidiary, ensuring efficient system usage, integrations, and data accuracy.
- Drive the adoption of technology solutions that improve automation, reduce manual entry, and enhance reporting capabilities across the accounts payable function.
- Cash Flow Management:
- Collaborate with treasury and finance teams to manage cash flow, ensuring optimal working capital and payment schedules.
- Monitor cash disbursements, ensuring that payments align with company liquidity and cash flow projections.
- Audit & Internal Controls:
- Maintain internal controls to ensure the accuracy of accounts payable transactions and safeguard company assets.
- Facilitate audits and respond to inquiries from external auditors, ensuring compliance with all regulatory requirements and company policies.
- Lead process improvements to address any audit findings and reduce risk.
- Cross-Functional Collaboration:
- Collaborate with other departments, including purchasing, logistics, and finance, to ensure alignment on payment terms, reporting, and inventory management.
- Support senior management and the retail subsidiary’s leadership team with financial insights related to accounts payable and vendor management.
Qualification & Requirements
- Education:
- Bachelor’s degree in Accounting, Finance, Business Administration, or related field (CPA or relevant certifications preferred).
- Experience:
- Minimum of 8-10 years of experience in accounts payable, finance, or accounting, with at least 5 years in a leadership or managerial role.
- Proven experience overseeing accounts payable functions in both distribution and retail environments.
- Experience managing large teams and working with multi-location operations, ideally in a multi-entity organization.
- Strong knowledge of accounts payable processes, systems, and technology, including experience with ERP and AP automation tools.
- Skills:
- Strong leadership and team management skills, with the ability to motivate and guide teams through process improvements and changes.
- Excellent organizational and problem-solving skills, with a keen eye for detail and accuracy.
- Ability to manage multiple priorities in a fast-paced, dynamic environment.
- Strong communication and interpersonal skills, with the ability to interact effectively with vendors, internal teams, and senior management.
- Deep understanding of cash management, accounts payable aging, and financial reporting.
- Technical Skills:
- Proficiency with accounting software (e.g., SAP, Oracle, or similar ERP systems).
- Advanced Excel skills (pivot tables, VLOOKUP, and data analysis).
- Familiarity with AP automation tools (e.g., Coupa, Ariba, or other AP systems) and cloud-based platforms.
Benefits
-
Paid time off
Eight paid holidays per year, plus paid vacation days
-
Retirement
A 401(k) plan with a dollar-for-dollar match on the first 3% of employee contributions, and $0.50 on the dollar up to 5%
-
Health and welfare
A comprehensive benefits package with medical, prescription, vision, and dental coverage. Employees can also choose from voluntary benefits like life insurance, short-term and long-term disability, accident coverage, cancer coverage, and accidental death and dismemberment. Spouses and children of employees are eligible for all voluntary benefits.
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Wellness
Orgill is committed to promoting a culture of wellness through healthy lifestyles and proactive measures.
-
Other benefitsRebates on cancer and accident policies, company picnics, prizes, gifts, and safety awareness.
Company Profile
Orgill
Industry
Wholesale
Revenue
$4B
Employees
6,650
Fortune 500 Rank
NA
Global 500 Rank
NA
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