Job Description : Manager AP
Manager AP
Rate : $70k - $80k annual salary
Location : Rosemont, IL (Hybrid)
The Shared Services Accounts Payable Manager plays a critical role in overseeing and optimizing the accounts payable process within the shared services environment.
This position requires a strategic leader with a strong background in accounts payable management, exceptional communication skills, and a proven ability to drive results in a fast-paced, dynamic setting.
Responsibilities
- Lead and manage the accounts payable team within the shared services department, providing guidance, support, and mentorship to team members.
- Develop and implement effective accounts payable policies, procedures, and controls to ensure accurate and timely processing of invoices, payments, and vendor inquiries.
- Oversee the management of vendor relationships, including vendor onboarding, invoice approval workflows, and resolution of payment discrepancies and disputes.
- Ensure compliance with company policies, regulatory requirements, and internal controls related to accounts payable processes, including segregation of duties and adherence to payment terms.
- Monitor and analyze key performance metrics, such as invoice processing time, invoice accuracy, aging reports, and cash flow projections, and take proactive measures to optimize efficiency and reduce costs.
- Collaborate with cross-functional teams, including operations, procurement, finance, treasury, and external auditors, to streamline processes, resolve issues, and drive continuous process improvements.
- Lead the implementation and optimization of accounts payable automation tools, systems, and technologies to enhance productivity, accuracy, and scalability.
- Conduct regular performance reviews and provide ongoing training and development opportunities to enhance the skills and capabilities of the accounts payable team.
Requirements
- Bachelor's degree in finance, accounting, business administration, or a related field; advanced degree preferred.
- 8+ years of progressive experience in accounts payable management, preferably within a shared services or multinational environment.
- Strong understanding of accounts payable principles, invoice processing workflows, payment terms, and vendor management.
- Proven track record of successfully leading and motivating teams to achieve and exceed accounts payable targets, improve efficiency, and reduce costs.
- Excellent analytical skills, with the ability to interpret complex data, perform trend analysis, and draw actionable insights.
- Exceptional communication, negotiation, and interpersonal skills, with the ability to build strong relationships with internal and external stakeholders.
- Proficiency in accounts payable software, ERP systems, and process automation tools, such as SAP, Oracle, Concur, and robotic process automation (RPA) platforms.
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