AP Manager

POSITION PURPOSE

The Accounts Payable Manager is responsible for managing the accounts payable process for the Americas region and U.S.

based global operations.

Key responsibilities include managing/optimizing payments, implementation and optimization of accounts payable systems and process across the organization, owning relevant business controls, and leading & developing the accounts payable team.

 

This position ensures the success of the accounts payable department and will be required to have a strong accounting background, advanced analytical skills, as well as a clear understanding and practical application of accounting principles.  A successful candidate should be able to manage multiple tasks and projects based on priority and business impact; communicate effectively and efficiently with internal and external parties including employees, customers, vendors, senior executives, bank personnel, and external IT/software support; direct the recording of transactions in accordance with generally accepted accounting principles and BAC policies; maintain adequate internal controls over accounts payable; and seek and address opportunities for process improvement, increased financial performance, and risk mitigation.

 

 

PRINCIPAL ACCOUNTABILITIES


* Direct leadership of AP team and balancing/adjusting resources as efficiencies are realized and volume changes


* Timely and accurate resolution of complex vendor and customer (internal and external) matters with a sense of urgency


* Recording of accruals for month-end close


* Reconciliation of various Accounts Payable accounts on a monthly basis


* Review of vendor statements


* Key influencer in the achievement of Americas DPO objective 


* Manage maintenance of the vendor master data


* Collaborate with key business leaders to resolve vendor payment issues


* Ensure payment process adheres to necessary internal controls and that payments are executed as scheduled


* Administer the various payment processes and methods; Wires, ACH, P-card, etc.


* Manage the corporate credit card program including issuance of cards, maintenance of credit limits, review of transactions and enforcement of policy


* Identify opportunities for automation and efficiency gains with the process and system


* Resolve technical SAP and OCR problems with the SAP IT team and key business stakeholders


* Manage federal 1099 reporting


* Monitor payments and maximize working capital opportunities


* Ensure transactions follow generally accepted accounting principles


* Generate monthly and quarterly accounting reports for distribution to internal and parent-company parties


* Ensure adequate segregation of duties in areas of supervision


* Complete and oversee completion of various annual AP financial reporting


* Manage AP related annual SOX testing and external audit requests

 

NATURE AND SCOPE

The Accounts Payable Manager wil...