Accounts Payable and Accounts Receivable Manager
Published on: Nov 13, 2024
The Accounts Payable and Accounts Receivable Manager oversees all aspects of the company's accounts receivable and payable processes, ensuring accurate invoicing, collections, vendor payments, and financial reporting. This role is key to optimizing financial operations and maintaining strong customer and vendor relationships while ensuring compliance with financial regulations and internal controls.
Accounts Receivable Management: Oversee the full AR process, ensuring timely and accurate invoices and collections.
Build and maintain customer relationships to facilitate prompt payments and resolve billing issues.
Monitor customer accounts for discrepancies, follow up on overdue invoices, and manage AR aging.
Provide detailed AR aging reports and insights to leadership.
Accounts Payable Management: Manage the complete AP cycle, including invoice processing, payment approvals, and vendor communication.
Review and approve payment requests in line with company policies.
Build vendor relationships, negotiate payment terms, and address payment-related issues.
Prepare and present AP aging reports for management review.
Reporting & Financial Analysis: Prepare and present monthly, quarterly, and annual financial reports on AR and AP.
Support month-end closing by collaborating with the finance team to ensure accurate financial statements.
Assist in budgeting and forecasting for AR/AP, providing insights on cash flow and working capital.
Process Improvement & Compliance: Identify and implement opportunities to streamline AR/AP processes and enhance efficiency.
Stay updated on industry trends and regulatory changes affecting AR/AP functions.
Ensure compliance with internal controls, company policies, and financial regulations.