Manager, Accounts Payable

ITC Holdings • Novi, MI

20d

About The Position

Manage the accounts payable (AP) workflow, including adherence to established controls. Develops accounts payable policies in accordance with best practices and proactively promote efficient and cost-effective processes and strategic direction. Manage month-end accounting close for accounts payable. Ensures payments are applied to appropriate General Ledger accounts and departments.

Requirements

• Bachelor's degree in Accounting or Finance or relevant, equivalent experience and/or education.
• Minimum of seven (7) years progressively responsible, professional level, experience in Accounting of which at least three years must be in AP.
• Minimum of two (2) years of experience supervising or managing others.
• Experience with Enterprise Resource Planning AP system, including implementation of AP related technology solutions.
• Working knowledge of Generally Accepted Accounting Principles and internal controls related to accounting treatment for AP transactions.
• Expert knowledge and understanding of accounting and financial reporting best practices and internal controls.
• Working knowledge of Microsoft Office (Word, Excel, Outlook, PowerPoint and Access).
• Applicants must be authorized to work in the United States for any employer. ITC does not sponsor employment visas, such as H-1B or TN visas.

Nice To Haves

• CPA preferred
• Public Utility / Federal Energy Regulatory Commission accounting experience preferred.

Responsibilities

• Manage month-end close duties including timely close of AP system and preparation of month-end AP accruals and account reconciliations.
• Ensure payments are applied to appropriate general ledger accounts in accordance with Generally Accepted Accounting Principles (GAAP) and Federal Energy Regulatory Commission (FERC) guidelines.
• Assist internal staff with problem resolution. Liaison with procurement, treasury and financial institutions to support the processing of payments and executing electronic fund transfers.
• Develop AP policies in accordance with best practices, cost efficiency and strategic direction.
• Maintain up-to-date knowledge of systems and regulations impacting the AP area (i.e., use tax) and implement appropriate changes.
• Partner with Information Technology (IT) and corporate accounting to identify, evaluate, recommend and manage the implementation of cost-effective IT solutions to meet strategic objectives.
• Lead or participate in project activities related to AP functions, bringing value to the company through total cost reduction, streamlining workflow and automation.
• Coach, mentor, train, develop, motivate and supervise staff. Assign and review work and appraise employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 501-1,000 employees