Senior Manager, Accounts Payable & Accounts Receivable
Senior Manager, Accounts Payable & Accounts Receivable
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1 Vacancy
Job Description
Position Summary:
The US Shared Service Center AR and AP Senior Managerwill report directly to the Chief Accounting Officer and will be responsible for leading the organizations US accounts receivable and accounts payable functions. This role will require collaboration with business partners and manufacturing operations leaders to find solutions to ensure timely collections and payments maintain accurate records and improve key performance indicators. The ideal candidate is organized detail-oriented and a strong communicator with a proactive approach to resolving issues. This is an ideal opportunity for someone who thrives in complexity and motivated to be part of an accounting team at a company undergoing meaningful transformation and growth located in Southfield Michigan.
Position Responsibilities:
- Lead day-to-day US accounting operations for the accounts receivable and accounts payable functions ensuring accuracy and compliance with U.S. GAAP within the companys close timeline.
- Responsibilities include but are not limited to customer billing and collections invoicing and payment contacting customers with past due accounts processing of invoices and payments accuracy of data entry and timely payment of vendors.
- Lead the accounts receivable and accounts payable teams including assigning work tasks and monitoring performance.
- Ensure accuracy of all accounts receivable and accounts payable activities.
- Develop implement and maintain strong internal controls over financial reporting and ensure compliance with SOX 404 requirements.
- Partner with the business unit finance teams to provide information and find solutions to facilitate business decisions and ensure appropriate accounting treatment.
- Partner cross-functionally with FP&A tax treasury and operational finance teams to support financial reporting and business initiatives.
- Researching and resolving accounts payable or accounts receivable issues with customers or vendors.
- Preparing reviewing and analyzing aging reports to identify trends and recommend solutions.
- Monitor and review customer accounts to ensure payment terms are followed and overdue accounts are pursued.
- Investigating and resolving customer queries and disputes.
- Developing strategies and goals to reduce exposure to write-offs.
- Reviewing invoices for appropriate documentation and approval prior to processing.
- Communicating with vendors regarding payment status invoice requests and inquiries as needed.
- Assisting leadership in the preparation of the annual budget and long-term financial objectives.
- Ensure accounts receivable and accounts payable reconciliations are completed timely and action plans are created and implemented.
- Coordinate with external auditors and manage audit requests to ensure timely completion of quarterly reviews and the annual audit.
- Support the development implementation and governance of global accounting policies aligned with U.S. GAAP and SEC regulatory requirements.
- Assesses current practices and procedures and make recommendations for improvements including standardization and automation of processes to increase efficiency and accuracy.
- Propose changes to the system structure to facilitate more efficient close process.
- Support the month-end quarter-end and year-end variance analysis ensuring that all required periods are compared and that detailed explanations for the fluxes that meet internal thresholds are provided by agreed upon deadlines including following up as necessary for any late items.
- Manage and develop staff by monitoring performance setting goals providing ongoing training and maintaining strong employee relationships.
- Ensure consistent standards and operational excellence in the US accounting operations.
- Foster a collaborative team environment and ensure strong communication across the accounting team and other departments.
- Participate in special projects and initiatives such as system implementations process improvements and implementation of new accounting standards.
Qualifications:
- Bachelors degree in Accounting or Finance required.
- 10 years of progressive accounting experience with a portion of it being in a supervisory role.
- Big 4 Public Accounting Firm experience (3 years minimum) working with multinational publicly traded companies strongly preferred.
- Thorough knowledge of U.S. GAAP SOX/internal controls and financial close processes.
- Excellent verbal and written communication abilities across all levels of an organization.
- Strong organizational and analytical skills.
- Strong leadership skills with dedication to driving and achieving results.
- Advanced Microsoft Excel skills and experience with financial systems; previous experience with CMS and OneStream preferred.
The base pay hiring rate expected for this position is:$130000K-$168000.
This position is eligible to participate in an incentive and level of participation are determined annually.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must occasionally lift and/or move up to 25 pounds. Frequent hand motion and repetitive tasks including using a computer for typing. While performing the duties of this job the employee will occasionally do immediate reaching and overhead reaching to perform various duties frequent standing for varied amounts of time to perform various duties frequent walking for varied amounts of time to perform various duties. Squat or bend to perform various duties. Occasionally climb stairs.
Benefits and Perks
Methode offers US employees Medical Dental Vision Hearing Life & Disability insurance a wellness program and time off benefits.
Voluntary benefit plans include Accident Hospital Indemnity and Pet Insurance.
Methode provides an Employee Assistance Program and participation in the Companys 401(k) plan which includes a company contribution.
Base pay offered may vary depending on multiple individualized factors including market location job-related knowledge skills and experience. Hourly employees will also be paid overtime pay when working qualifying overtime hours.
Methode Electronics is an equal opportunity employer. We evaluate qualified applicants without regard to race color religion sex sexual orientation gender identity national origin disability veteran status genetic information and other legally protected characteristics per the EEO Poster available here . If you need a reasonable accommodation because of a disability for any part of the employment process please send an e-mail to or call and let us know the nature of your request and your contact information.
Benefits and Perks
Methode offers US employees Medical Dental Vision Hearing Life & Disability insurance a wellness program and time off benefits.
Voluntary benefit plans include Accident Hospital Indemnity and Pet Insurance.
Methode provides an Employee Assistance Program and participation in the Companys 401(k) plan which includes a company contribution.
Base pay offered may vary depending on multiple individualized factors including market location job-related knowledge skills and experience. Hourly employees will also be paid overtime pay when working qualifying overtime hours.
Methode Electronics is an equal opportunity employer. We evaluate qualified applicants without regard to race color religion sex sexual orientation gender identity national origin disability veteran status genetic information and other legally protected characteristics per the EEO Poster available here . If you need a reasonable accommodation because of a disability for any part of the employment process please send an e-mail to or call and let us know the nature of your request and your contact information.
Required Experience:
Senior Manager
Employment Type
Full-Time
