AR/AP Manager

Job Description
Lead and mentor a team of 11 in AR and AP, providing guidance, training, and development opportunities.
Oversee AR and AP departments to ensure timely and accurate processing of invoices
Review current processes and workflows and make recommendations as needed to ensure more efficient and productive results
Assist Sr Manager with special projects and tasks as needed
Evaluate new suppliers to ensure they meet company quality and compliance standards
Provide research and support for annual audit requests as required for both AR and AP
AP Responsibilities
Review the weekly Concur extract for expense reports, ensuring compliance with company policies and proper documentation
Manage Treasury functions for international bank balances, international vendor payments and intercompany loan payments
Review monthly AP GL account reconciliations
Review monthly AP intercompany payable reconciliations and accruals
Prepare monthly T&E accruals
Review and approve weekly domestic vendor payment batches
Review supplier set ups for tax reporting compliance and annual 1099 filings
AR Responsibilities
Proactively manage customer collection issues and progress of resolutions to meet weekly targets
Assist with filing claims and work with sales, logistics and customers to identify and validate bill-backs and deductions
Analyze AR aging reports and track key AR metrics to assess the financial health of the company
Develop and maintain relationships with customers to facilitate payment and resolve disputes
Reconcile A/R accounts to the G/L and monthly bank statements
Provide research and support for annual audit requests, as required
Review credit applications for new customers to assess credit worthiness and establish credit terms
Assist the AR team with EDI, modifiers, and deduction issues
Help the team to understand their customer base to maximize the team’s efficiency and effectiveness with their collection and bill-back efforts
Review and approve credit memos in ERP system within assigned approval limit
Interface with customer service, sales organizations, and senior level management in communicating and resolving issues
Implement strategies to reduce the company’s DSO and improve cash flow
Manage daily uploads of credit card interfaces for eCommerce and restaurants