The Accounts Payable Sr. Manager is dedicated to ensuring the full Procure-to-Pay (P2P) cycle is executed timely and accurately for our North America region. The primary function of the Accounts Payable is to ensure invoices are paid accurately and timely. This role will oversee the account payable process, as well as master data (customer and vendors), travel and expense reporting, and document retention for the shared services areas. The key objective of the team is to ensure compliance with the controls, polices, and procedures established by the company to protect the assets and cash flow of the company, as well as all legal and tax requirements. Additionally, this role plays an important role in providing business support and information to the procurement and finance organizations.
- Job supervises a team, has authority to hire and performance-manage a team.
- Job leads/supervises/manages 6-15 employees
- Day-to-day management of the accounts payable and related functions to ensure exceptional service to internal customers, vendor relations, and minimize related financial risks for the company while closely managing the payable component of working capital.
- Lead month-end close for P2P value stream: coordinate activities for AP, review of journal entries, AP Trade related account reconciliations, and variance analysis.
- Assist in implementing and monitoring Key Performance Indicators (KPI) and operational metrics to ensure team objectives are met; ensure transparency and sharing with stakeholders.
- Develop, implement and maintain systems, procedures, and policies; ensure policy and controls are enforced; make recommendations to improve, perform mitigating controls as required, and serve as the lead contact for AP area for internal and external audits.
- Lead collaboration with tax team for sales/use tax compliance including communicating, training, and procedures related to multi state governing tax regulations.
- Identify, onboard, mentor, coach and develop team members to create and maintain an engaged, productive, and experienced organization: performance measurement, skill assessment, training, training, and team building; align team goals and objectives to ensure Finance Team goals and SLA targets are met or exceeded.
- Prepare and manage to departmental annual budget or rolling forecasts; Provide budget and forecast balances for accounts payable balance sheet accounts; provide forecast of AP related cash needs to Treasury; collaborate with treasury to meet corporate cash targets; drive working capital improvements in the P2P value stream.
- Ensure credits on vendor accounts belonging to OSI are identified and collected.
- Meet regularly with internal business partners to ensure consistent service levels, performance and resolve elevated issues.
- Ensure compliance with unclaimed property (escheatment) and other legal requirements.
- Lead AP recovery audit every three years; maintain internal controls and support internal and external audits.
- Prepare and/or review monthly, quarterly, and annual reporting related to the P2P cycle.
- Review and approve access to accounts payable related access to ERP and other implemented software.
- Other responsibilities include but are not limited to participate in special/ad hoc projects, system implementations and enhancements as needed.
- This role has the responsibility to understand and places in practice appropriate safety procedures. This responsibility is achieved through education, training, use of protective equipment (as applicable) and by following safety policies, regulations, standards, and laws.
- Perform other duties as assigned.
Required Skills
- Minimum of 8 years of experience in a financial shared services environment with a track record of successful services delivery, employee development, and continuous improvement.
- 7 years of accounting experience.
- 5 years progressive management experience required.
- 5 years of experience in P2P process and related legal and tax requirements.
- 1099 filing experience.
- Previous experience in large, manufacturing ERP preferred.
- Solid understanding of US GAAP.
- Ability to work cross-functionally in a collaborative manner and independently with little oversight.
- Strong professional written and communication skills.
- Strong analytical and problem-solving skills.
- Proficient with MS Office Suite; intermediate to advanced Excel skills.
- Work is generally performed within a business professional office environment, with standard office equipment available.
- Work conditions are typical of an office environment.
- This role does not require any domestic travel
- Position requires the physical agility to perform continuous lifting up to 15 pounds, bending, squatting, pushing, pulling, stretching/reaching, use hands or fingers, talk, hear, feel objects, tools, controls and standing/walking on concrete flooring.
- Position requires the physical ability to stand/walk for the duration of work hours
OSI Industries is an Equal Employment Opportunity employer that believes everyone has the right to be treated with dignity and respect. OSI does not discriminate on the basis of national origin, gender, race, color, religion, pregnancy, gender identity, sexual orientation, protected veteran status, disability, or any other characteristic protected by applicable law. All applicants will receive consideration for employment based on merit, qualifications, and business needs. OSI participates in the E-Verify program.
Required Experience