Director - Accounts Payable

Overview

The organization is seeking an Accounts Payable (AP) leader to oversee the AP team and manage customer vendor relations, the AP disbursement group, and vendor-related payment and tax activities, including check disbursements and 1099 reporting.

Responsibilities

• Lead the AP team, including oversight of:
  • Customer Vendor Relations
  • AP disbursement group
  • Check disbursements
  • 1099s and vendor-related tax matters
• Analyze Days Payable Outstanding (DPO) and proactively manage vendor relationships to optimize working capital.
• Develop, implement, and maintain accounts payable systems, procedures, and policies, ensuring compliance with company guidelines.
• Maintain a thorough understanding of financial reporting, general ledger structure, and systems.
• Oversee review of all company payment requests, ensuring:
  • Rigorous adherence to vendor setup
  • Accurate coding
  • Required approvals
• Oversee the team responsible for entering payment requests, electronic payment transfers, and maintaining vendor information.
• Conduct in-depth analysis of vendor accounts to identify opportunities for:
  • Discounts
  • Consolidated billing
  • Pricing optimization
• Collaborate with executive leadership by providing insights and recommendations based on comprehensive analysis.
• Ensure accurate, insightful account reconciliations and ad-hoc management reports in alignment with organizational standards.
• Uphold the highest standards of accuracy in the accounts payable aging report.
• Correspond with vendors, responding to queries and maintaining positive relationships.
• Ensure accurate and timely reporting for month-end closing and annual audits.
• Oversee the audit of Travel and Expense (T&E) reports for accuracy and compliance.
• Drive and participate in strategic initiatives and projects to improve the organization’s overall financial health.
• Review vendor reconciliation of Geos on a Quarterly basis.
• Review bank reconciliation of all Geos on a weekly basis.
• Manage H2H payment and vendor payment trackers to maintain DPO.

Requirements

• Leadership and strategic management skills.
• Exceptional analytical and problem-solving abilities.
• Strong interpersonal and communication skills.
• Ability to drive change and foster innovation.
• Uncompromising integrity and commitment to confidentiality.
• Education: Bachelor’s degree in Finance, Accounting, or related field.
• Experience: 10–12 years of progressive work experience in accounts payable.
• Expertise in general accounting procedures related to accounts payable.

Compensation & Benefits

• Not specified in the provided description.

Location

• Not specified in the provided description.