AR/AP Manager

Verdesian Brand•Cary, NC

1d•Onsite

About The Position

The AR/AP Manager will lead the overall Accounts Receivable & Payables functions, establish policies, and build effective relationships with sales and finance teams to drive system initiatives and improvements. This role involves identifying areas for continuous improvement in Order-to-Cash programs, implementing best practices, managing daily operations, and overseeing customer credit limits and cash collection. The manager will also assist with forecasting, review customer credits, monitor aging and collectability, and manage third-party collections. Additionally, the role includes overseeing incoming invoices, processing payments in multiple currencies, maintaining vendor files, administering company credit cards and T&E, processing expense reports, and handling Value Added Tax (VAT). During month/year-end close, the manager will oversee AR/AP closing processes, assist with ABL calculations, develop KPIs, and serve as a contact for external audits.

Requirements

Proficient with MS Office (Excel, Word, PowerPoint)
Advanced analytical skills
Demonstrated proficiency in written, verbal and face-to-face communication
Strong interpersonal skills to cultivate and maintain relationships with department managers and other cultures
Flexibility to handle changing priorities and tight deadlines
Minimum work experience of 4-5 years in accounts receivable/payable, preferably in the manufacturing industry
2+ years of accounts receivable/payable supervisory experience with demonstrated people management and process leadership
Minimum education of bachelor’s degree in accounting or finance
Able to work under time pressure, prioritize a high workload, and meet strict deadlines
Positive attitude and flexibility to changing priorities, especially in the period of month/quarter/year-end closing
Self-motivated with a focus on process improvements
Ability to manage multiple activities and prioritize independently
A keen customer service mentality

Nice To Haves

Experience with Dynamics SL and/or Oracle, preferred
Proficiency in Concur Expense preferred

Responsibilities

Lead the overall Accounts Receivable & Payables functions.
Be responsible for policies regarding Accounts Receivable and Payable.
Build effective relationships with sales team members to identify and resolve billing issues and revenue risks.
Work cross functionally with the Finance team to help drive key system initiatives and system improvements.
Identify areas for continuous improvement in the Order-to-Cash programs by reviewing company policies and advising management on possible risks and improvements.
Responsible for leading the implementation of best practice, creating, and communicating policies, and managing the daily operations, frameworks, and processes to cross functional teams.
Manage the Domestic and international customer credit limit changes and cash collection.
Assist Controller with forecast of weekly collections.
Oversee/review customer credits/rebills to ensure properly recorded timely.
Monitor aging and collectability of customer accounts and facilitate resolution of customer disputes.
Direct employees on appropriate collection and follow up activities as well as buyer/vendor activities.
Liaise with third party collection agency as needed.
Monitor and respond to incoming invoices and check requests for goods and services.
Monitor accounts payable KPI’s and ensure compliance with company standards.
Verify that transactions comply with financial policies and procedures.
Prepare and process weekly accounts payable checks, wire transfers and ACH payments in multiple currencies.
Maintain and upkeep accounts payable to ensure payments are up to date.
Vendor file maintenance.
Act as company credit card and T&E administrator: Facilitate employee trainings, provide assistance, facilitate account maintenance.
Expense report coordination and data entry, payment processing.
Value Added Tax processing.
Maintain uninvoiced receipts.
Oversee the accounts receivable and accounts payable month-end closing processes for all locations including rollforwards/reconciliation of all accounts.
Assist Controller with AR/AP-related inputs to the monthly ABL (revolver loan) availability calculation.
Develop and maintain appropriate KPIs.
Serve as primary point of contact for applicable areas during year-end external audit.
Other duties as assigned.