AP / AR Director

Job Description

Job Description

Ensure on time and accurate payment of invoices and professional response to

vendor payment inquiries

Proactively identify key trends and variances impacting cash flow, clean books,

and vendor service

Continually review payment planning and forecasting to improve cash position,

efficiency metrics, financial ratios, including establishing staff responsibilities,

payment parameters, and setting measurable goals

Effectively drive a culture of collaboration, accountability, and vendor service

Direct management of approximately 8 team members, including interviewing,

hiring and termination, performance management, coaching, and mentoring

Provide guidance to the team with technical assistance on systems, and support

staff with complex problem solving and troubleshooting

Audit work of the team to maintain efficiency and accuracy

Alert executive management to irregularities, trends, and areas of concern with

supplier payments, AR aging’s and cash flow

Actively manage collection efforts for the department to maintain customers

within terms and limit exposure to bad debt

Maintain accurate vendor and customer master data, implement customer credit

limits and perform periodic reviews, and handle credit applications and review of

new customers from a credit perspective

Run, review, and analyze department reporting systems and provide assessment

and feedback of current Key Performance Indicator (KPI) outcomes for the

department to staff, and senior leadership

Ensure proper coding procedures are set and executed for invoices and ensure

US GAAP accounting is followed

Maintain financial information for historical purposes and in accordance with

company policies. This includes invoices, documentation, bank information, W9s

etc.

Create Standard Operating Procedures and training manuals for payables

receivables functions

Manage, prepare and file annual 1099s timely.

Lead month-end close review and completion for payables receivables tasks

Support in external audits

Ad hoc projects as needed