Manager of AR & AP Shared Services

Key Responsibilities

Leadership and Management:

• Lead, mentor, and develop the AR/AP team, promoting continuous improvement
• Oversee daily operations, ensuring timely and accurate transaction processing
• Establish and monitor performance metrics for efficiency, accuracy, and compliance

Accounts Receivable Management:

• Supervise AR processes, including billing, collections, cash applications, and credit
• Develop strategies to improve AR aging and reduce days sales outstanding (DSO)
• Manage customer relationships and resolve disputes or discrepancies

Accounts Payable Management:

• Oversee AP processes, including invoice processing, payments, and vendor management
• Ensure timely and accurate invoice payments, and compliance with terms
• Address vendor inquiries and resolve payment issues

Process Improvement and Optimization:

• Identify and implement enhancements to improve AR and AP efficiency
• Drive automation initiatives and leverage technology to streamline processes
• Collaborate cross-functionally to standardize and optimize AR/AP workflows

Financial Reporting and Analysis:

• Ensure accurate and timely reporting of AR/AP metrics and provide analysis
• Prepare monthly, quarterly, and annual AR/AP reports for management
• Support month-end and year-end close processes for AR and AP data

Internal Controls and Compliance:

• Develop and maintain robust internal controls to safeguard assets
• Ensure compliance with accounting standards, regulations, and policies
• Coordinate with auditors on AR/AP-related audit processes

Stakeholder Management:

• Serve as a key liaison between AR/AP and other departments
• Provide exceptional service and address inquiries from internal stakeholders
• Partner with senior management on strategic initiatives and financial planning

Qualification & Requirements

Required qualifications:

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field
• 7 or more years of experience in finance or accounting
• 3 or more years of experience in a managerial role overseeing AR and AP functions within a shared services environment
• Proven experience in process improvement, financial reporting, and internal controls specific to AR and AP
• High proficiency in the use of MS office tools (Excel and Power-Point), and in large ERP systems (Oracle & SAP preferred)
• Expertise in financial database, finance and statistical software
• Working knowledge of Hyperion Financial Management (HFM) for Global Financial Consolidation
• Financial and Operational reporting experience using Wands for Oracle and SAP, and Hyperion SmartView
• Advanced working knowledge of analytical & presentation programs & tools (e.g., Tableau, Microsoft Power BI)

Preferred qualifications:

• A Master’s degree or professional certification (CPA, CMA, etc.) is preferred

Benefits

• The opportunity to represent a passionate organization focused on innovation and sustainability
• A competitive 401K plan, affordable benefits starting on day 1 of employment, and 12 paid holidays
• The ability to utilize your experience and knowledge to make a real impact
• Opportunities for continuous growth within your role and across business units