Manager, Accounts Payable

Old World Industries • Northbrook, IL

12h • $104,000 - $126,000

About The Position

This position will be responsible for leading many aspects of the Procure-to-Pay (P2P) process. The Procure-to-Pay scope includes vendor establishment, purchase order, invoice and payment processing, expense reporting, issue resolution and exception handling. This position will focus on process optimization, efficiency, effectiveness, standardization, and education across OWI, as well as help build a culture of continuous process improvement. It will also help ensure quality reporting, systems security, policy compliance, sound financial controls and an excellent user experience.

Requirements

• 7+ years’ experience in the Accounts Payable field required.
• 3-5 years’ previous hands-on experience with supervising an accounts payable department required.
• Strong awareness of internal controls.
• SAP experience required along with knowledge of P2P best practices.
• Experience driving organizational change.
• Understand the interaction between financial & accounting principles, procure to pay processes and IT/ERP systems.
• Ability to identify opportunities and take necessary actions to continuously improve procure to pay processes for the benefit key stakeholders.
• Proven ability to deliver high levels of customer service.
• Excellent oral and written communication.
• Strong computer/technical skills
• Advanced knowledge of Microsoft Office (emphasis on Excel & Outlook).
• Detail oriented with strong organizational and analytical skills.
• Outstanding organization and project management skills.
• Willingness to change and/or leverage existing technology tools where appropriate.
• Strong initiative and ability to manage multiple projects as well as strong follow through skills.
• Ability to work well with others in fast paced, dynamic environment.

Nice To Haves

• Vendor Invoice Management (VIM) experience a plus

Responsibilities

• Overseeing routine department activities, including invoice processing and vendor statement review, to ensure that they are completed accurately and on time.
• Ensures accurate setup and maintenance of Accounts Payable vendor master data.
• Building and maintaining relationships with employees, vendors, and lenders.
• Interacts with other accounting teams to resolve reconciliation discrepancies and issues.
• Supervise invoice processing within SAP VIM to ensure proper match and approvals are obtained.
• Ensures all vendors are paid per contractual terms and that inquiries and payment issues are responded to and resolved in a timely manner.
• Reviews vendor IRS form W-9s for completeness. Monitors the vendor database to ensure data is properly entered to facilitate the 1099 process. Prepares IRS Form 1099s for all eligible vendors and file appropriate reports with the IRS.
• Recommend, develop, and design financial best practices and process improvements, including but not limited to process documentation and reporting.
• Lead the implementation of improvements, modification and education and training of all end users.
• Hiring, training, motivating, and evaluating Accounts Payable staff members.
• Commits to the leadership and development of team members while fostering a positive, collaborative work culture.
• Utilizes a hands-on approach to manage and prioritize special projects and participates in other cross functional projects as required.

Benefits

• Medical, dental, and vision coverage with wellness benefits
• Company-matching 401(k) plan
• Company-paid life insurance and accidental death & dismemberment benefits
• Company-paid identity theft insurance
• Company-paid disability
• Flexible spending and health savings accounts
• Company-paid employee assistance program
• Paid time off and paid holidays
• Voluntary life insurance
• Legal benefits
• Critical illness
• Accident insurance
• Hospital indemnity insurance
• Pet insurance
• Employee-focused medical, dental, and vision coverage with wellness benefit rewards
• Paid time off supporting a healthy work life balance
• Above market company-matching 401(k) plan with company-paid financial planning advisors
• Company-paid life and AD&D insurance with optional voluntary life and AD&D benefits
• Company-paid short- and long-term disability benefits
• Employer-funded health savings accounts
• Company-paid long-term care coverage
• Tuition reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed