Director of Accounts Payable
Essential Job Summary
The Director of Accounts Payable will oversee the organization's accounts payable function, ensuring accurate, timely, and efficient processing of payments to vendors and suppliers. This role involves leading a team, optimizing AP processes, and collaborating with internal and external stakeholders.
Essential Job Functions
Lead, mentor, and manage the accounts payable team to ensure smooth operations and high performance.
Oversee the day-to-day activities of the AP department, ensuring that all vendor invoices, payments, and reconciliations are processed efficiently and accurately.
Develop and implement policies and procedures to ensure AP processes are compliant with internal controls and best practices.
Set clear performance goals for team members, monitor performance, and provide ongoing feedback and professional development.
Manage relationships with vendors, ensuring timely payments and prompt resolution of disputes.
Collaborate with internal departments to address AP-related issues and maintain smooth interdepartmental communication.
Coordinate with external auditors during year-end audits to ensure compliance with accounting standards and regulations.
Identify and implement process improvements to enhance the efficiency of the AP function, reduce processing times, and minimize errors.
Evaluate and recommend automation tools and technologies to streamline the AP workflow.
Continuously monitor industry trends and best practices to keep the AP department operating at peak efficiency.
Ensure compliance with tax regulations, including proper handling of 1099 filings and sales tax requirements.
Prepare regular AP reports and KPIs for senior leadership, including cash flow forecasts, outstanding payables, and aging reports.
Manage the month-end and year-end closing processes related to accounts payable.
Oversee the reconciliation of AP accounts to the general ledger and ensure accuracy of financial statements.
Develop and implement internal controls to safeguard company assets and prevent fraud or errors in the AP process.
Requirements And Qualifications
Bachelor’s degree in Accounting, Finance, Business Administration, or a related field; CPA or Master’s degree preferred.
At least 8-10 years of progressive experience in accounts payable or finance, including 5+ years in a managerial or leadership role.
Strong knowledge of accounts payable processes, financial systems, and internal controls.
Experience with ERP systems (e.g., SAP, Oracle, NetSuite, or similar) and automation tools is highly preferred.
In-depth understanding of tax regulations, including sales tax and 1099 reporting requirements.
Previous experience in process reengineering and implementing technological solutions for AP processes a plus.
Excellent leadership, communication, and interpersonal skills.
Strong problem-solving abilities and attention to detail.
Ability to work under pressure and meet deadlines in a fast-paced environment.
Additional Information
This job description is intended to be an accurate representation of the general functions of the job, rather than an exhaustive list of duties, responsibilities, or experience. Other duties may be assigned, requested, or required. Aspects of the job may be altered without notice.
Interstate Waste Services provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.