Senior Manager of Accounts Payable

Readerlink Distribution Services • Oak Brook, IL

76d • $110,000 - $128,000

About The Position

The Senior Manager of Accounts Payable is responsible for maximizing the return on financial assets by establishing financial policies, procedures, controls and reporting systems. This position ensures legal and regulatory compliance for all accounting and financial reporting functions. The Senior Manager for Accounts Payable is also responsible for the development and oversight of the Accounts Payable functions. This position is responsible for providing leadership, creating security safeguard measures, establishing performance metrics and reviewing the performance of all Accounts Payable processes and personnel.

Requirements

• Bachelor’s degree in Finance, Accounting, Business or related field is required.
• Five (5) plus years of experience in managing an accounts payable department in a large-size company is required.
• Strong to advanced experience in Microsoft Excel, Word, PowerPoint, and Outlook is required.
• Ability to analyze large data sets with Microsoft Excel, including pivot tables and vlookups is required.
• Knowledge of Microsoft Dynamics 365 Finance & Operations is preferred.
• Ability to understand the data flows between systems and within the operating system.
• Must have excellent communication skills, both written and verbal.
• Ability to speak with all levels of the organization and outside partners.
• Ability to write routine reports and correspondence.
• Must be proficient in basic mathematics.
• Ability to do algebra, calculate figures and amounts and apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
• Must be able to do basic statistical analysis.
• Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
• A methodical and organized approach to problem-solving.
• Ability to interpret an extensive variety of instructions in written or diagram form.

Nice To Haves

• Experience in a fast-paced, team environment.
• Ability to work occasional evening and weekend work as job duties demand.

Responsibilities

• Guides financial decisions by establishing, monitoring and enforcing policies and procedures.
• Protects assets by establishing, monitoring and enforcing internal controls including safeguards against fraudulent business practices.
• Maximizes return reserves and limits risk on cash by payment forecasting and minimizing cash balances.
• Reviews the workload of AP team members and evaluates tasks & responsibilities for potential process efficiencies.
• Optimizes processes and develops Standard Operating Procedures (SOP) that document best practices and performance guidelines.
• Establishes personal relationships with vendor AR contacts, leading communications on account management, issues and concerns.
• Oversees the vendor reconciliation settlements, working with AP personnel and vendor AR contacts to minimize losses.
• Handles many analytical projects and responsibilities, focusing on analyzing large volumes of data.
• Focuses on opportunities to improve existing reporting and develop new reporting.
• Responsible for the assimilation of system and software enhancements.
• Overall management of all accounts payable processes, including Publisher Payments, General Payments, Employee Expenses, Monthly Reconciliations and 1099s.
• Handles elevated escalations from RDS staff and external vendors as needed.
• Determines correct course of action necessary to resolve discrepancy claims.
• Interacts with Marketing, Procurement, Warehouse, Logistics and IT departments addressing operational issues.
• Manages, facilitates and/or reviews reconciliations with trade vendors.
• Facilitates and reviews AP GL reconciliations.
• Arranges for audits as required and appropriate.
• Oversees system testing responsibilities.
• Hires, trains, develops and appraises staff effectively.
• Keeps up-to-date on information and technology affecting functional area(s).
• Responsible for leading the Manager of Accounts Payable and indirectly responsible for the employees within the accounts payable department.
• Provides support to the Senior Director of Shared Services as needed.

Benefits

• Health Plans - Medical, Dental & Prescription
• Flexible Spending Accounts - Health & Dependent Care
• Disability, Life and Accident Insurance
• Vacation Pay & Paid Holidays
• 401(k) with Company Match
• Author Events
• Publisher-sponsored Book Club

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree