Accounts Receivable/ Payable Manager

Responsibilities

• Oversight of credit, collections, and cash application team.
• Ensuring timely invoice processing and cash collection.
• Monitoring AR aging, Days Sales Outstanding (DSO), and bad debt exposure.
• Driving credit risk management, including setting credit limits and reviewing customer financials.
• Ensuring timely resolution of disputes and deductions.
• Partnering with Sales to balance revenue growth with risk management.
• Providing forecasts for cash inflows.
• Oversight of invoice processing, approvals, and payment execution (ACH, wire, check).
• Ensuring timely and accurate vendor payments while optimizing payment terms and working capital.
• Managing vendor relationships and resolving discrepancies.
• Monitoring AP aging and ensuring capture of early payment discounts.
• Providing forecasts for cash outflows.
• Leading, developing, and mentoring AR and AP teams.
• Fostering a high-performance culture through setting performance goals, KPIs, and conducting regular reviews.
• Driving accountability, collaboration, and continuous improvement across teams.
• Ensuring compliance with company policies, SOX/internal controls, and audit requirements.
• Overseeing account reconciliations, month-end close activities, and reporting.
• Providing regular reporting on AR/AP metrics, including DSO, DPO, aging, and cash flow.
• Identifying opportunities to improve credit evaluation processes and collection efficiency.
• Aiding in the implementation of tools or system enhancements related to AR, AP, and credit management.
• Establishing, implementing, managing, and monitoring critical accounting and reporting processes and associated metrics.
• Protecting assets by establishing, monitoring, and enforcing internal controls.

Qualifications

• Bachelor’s degree in finance, Accounting, Business, or related field.
• 7-10+ years of experience in AR, AP or accounting operations, or related finance roles.
• Experience in a manufacturing setting required.
• Strong understanding of Order to cash, procure to pay processes, financial statements and credit risk assessment, and internal controls.
• Experience with ERP systems, preferably SAP.
• Proficiency in Microsoft Excel and financial reporting.
• Proven experience in process improvement and team leadership.