Senior Manager, Accounts Payable

Senior Manager, Accounts Payable

United States, Kansas, Overland Park

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Salary

$124,000 - $169,000 Per Year

Rank

Senior Manager

Responsibility

Process Roles

Scope

Regional

Workplace

Hybrid

Functions

Finance

Reports to

STP Value Stream Lead

Level

-3

Travel Max:

15%

Posting Date

08-06-2024

Description

The Senior Manager, Accounts Payable (AP) will be a key leadership position within Source to Pay (STP) Magenta Shared Services reporting to the STP Value Stream Lead, and will initially assist in implementing new areas within the Finance, Procurement & Supply Chain (FP&SC) Magenta Services group to develop continuous process improvements, procedure documentation, and reports to achieve industry best practices.

Senior Manager, Accounts Payable

Key Responsibilities

This position will manage and may be responsible for:

  • Management of the US accounts payable function with annual disbursements and annual invoice, including but not limited to supplier onboarding and ongoing record maintenance, AP disbursement which handles all check and electronic disbursements, analyzing blocked invoices, supplier and internal business partner inquiries, rocessing retrospective POs, handing purchase requests and purchase orders, reporting, analytics, 1099 and tax related matters.
  • Optimizing the accounts payable processes, activities, and performance.
  • Developing, implementing and maintaining procedures and policies, ensuring adherence to company guidelines, harmonization of processes, and maximized efficiencies, and ensuring all policies, processes and controls are compliant with the Sarbanes Oxley Act (SOX).
  • Developing and maintaining relationships with internal and external partners to facilitate open communication and performance.
  • Complete oversight of offshore staff ensuring compliance to all policies and adherence to SOX controls, business controls, financial regulations, and data security.
  • Directly managing and oversight of a team of employees, providing coaching and overall development.
  • Annual department budget and ensuring the department provides accurate forecasts and meets budget goals.
  • Vendor selection, contracts, and relationships related to AP.
  • Partners with FP&A, Treasury, and Procurement to manage and improve key internal and DT metrics such as Operating Free Cash Flow (OFCF), Days Payables Outstanding (DPO), etc.

Job Responsibilities:

  • Department Strategy & Guidance on Execution – Operational Excellence & Customer Service.
  • Provide strategy and problem resolution for annual payments and annual invoice.
  • Drive results and manages day-to-day operations (including onshore and offshore staff).
  • Continuous operational improvements for Procure-to-Pay cycle partnering with Supply Chain Operations, Direct Procurement, and EIT/Engineering Procurement.
  • Intolerant of recurring problems – digs deep to find the root cause and fixes the problem
  • Manage relationships with internal and external business partners.
  • Interacts with Procurement and location personnel at all levels to troubleshoot root cause issues in the Requisition to Payment cycle.
  • Act as Liaison and provide leadership for team and area of responsibility.
  • Provide leadership, direction and coaching on specific tasks as well as individual professional development.
  • Ability to see, account for, and mentor others in the “big picture” as well as the details and to be able to tie initiatives to Company Goals
  • Participate in and lead Finance and Financial Operations led initiatives.
  • Lead Operating Free Cash Flow, DPO, enterprise analytics, reporting and support.
  • Also responsible for other Duties/Projects as assigned by business management as needed .

Qualification & Requirements

Education:

  • Bachelor’s Degree Business or Finance (Required)

Work Experience:

  • 7-10 years Experience managing corporate AP with $12B annual disbursement.
  • 7-10 years Experience in equivalent leadership position.
  • More than 10 years Previous Accounts Payable/Procure-to-Pay business experience in SAP and/or Oracle.
  • More than 10 years Experience managing corporate AP with >$15B annual disbursement.
  • 4-7 years Experience managing Offshore Staff (OSP).

Knowledge, Skills and Abilities:

  • Analytics (Required)
  • Organization (Required)
  • Communication (Required)
  • SAP (Required)
  • Accounts Payable (Preferred)
  • Accounting (Preferred)
  • Management (Preferred)
  • At least 18 years of age
  • Legally authorized to work in the United States

Benefits

We cover all of the bases, offering medical, dental and vision insurance, a flexible spending account, 401(k), employee stock grants, employee stock purchase plan, paid time off and up to paid 12 holidays – which total about 4 weeks for new full-time employees and about 2.5 weeks for new part-time employees annually – paid parental and family leave, family building benefits, back-up care, enhanced family support, childcare subsidy, tuition assistance, college coaching, short and long term disability, voluntary AD&D coverage, voluntary accident coverage, voluntary life insurance, voluntary disability insurance, and voluntary long-term care insurance.

Company Profile

Industry

Telecommunications

Revenue

$79.57B

Employees

71,000

Fortune 500 Rank

NA

Global 500 Rank

NA

View Company Profile