Accounts Payable – Procurement Manager

Finance & Accounting
in Boston
, MA
Reference: 19-04475

Our client is hiring an Accounts Payable Procurement Manager. You’ll be right in the thick of things in this high profile and critical management role.

Duties and Responsibilities:

  • Manage Accounts Payable for a growing multi-national company, including management of the AP Team, the Vendor Onboarding system, and overall vendor relations
  • Maintain independence in all business dealings with vendors and other company employees
  • Develop, monitor and ensure compliance with the company’s expense report policy
  • Responsible for ensuring all electronic and check disbursements, 1099 and tax-related payments are processed on a timely basis
  • Develop, implement, enhance and optimize the Company’s AP systems, functions, procedures, and policies, to ensure adherence to Company guidelines and “best practices ” for AP Teams
  • Technical ability to extract Concur information for reporting to support cost savings and procurement initiatives
  • Assist and in some cases act as the point person in identifying cost savings
  • Familiarity with procurement processes and practices, as well as experience with vendor negotiation is extremely helpful
  • Manage monthly closing of Accounts Payable system and posting of month-end information to GL and ensure the accuracy of AP data recorded in our financial systems
  • Provide outstanding customer service assistance to all managers, staff, and talent; respond to AP and expense report questions/concerns to meet business needs in a professional and timely manner
  • Act as a liaison between the Company’s AP Team and external parties, including lenders, suppliers, outside accountants, and governmental agencies and external accountants in order to meet AP related information requests and to ensure that proper AP information is maintained for historical purposes in accordance with company guidelines
  • Select and hire employees for the AP Team, when necessary
  • Train and evaluate AP employees to enhance their performance, development, and work product
  • Address any performance issues timely and professionally and make recommendations for any staff actions
  • Motivate and reward AP Team members including the recommendation of salary increases, bonuses, and promotions within allocated budgets and company guidelines
  • Prepare and recommend AP operating and staff budgets for approval
  • Monitor company-wide spending for adherence to budget, recommend actions to correct budget variances, as necessary

Basic Qualifications

  • Bachelor’s degree or equivalent combination of education and experience
  • Bachelor’s degree in business administration, accounting, finance, or related field preferred
  • Ten or more years of progressing Accounts Payable experience in a large multi-national company
  • Three or more years of leadership experience managing an AP team
  • Experience working with generally accepted accounting principles and accounting software
  • Must have large ERP AP system experience, specifically Concur Invoice and T&E as well as vendor on-boarding experience
  • Must have worked with vetting independent contractors, familiar with 1099 reporting requirements
  • Strong computer and business solutions software skills
  • Strong interpersonal skills for interacting with vendors, staff, and senior management
  • Good communication skills for communicating
  • Strong analytical and problem-solving skills
  • Good presentation skills for educating internal clients on accounts payable and expense report principles and guidelines
  • Good planning and organizational skills to support continuous improvement supporting the organization
  • A strong leader and role model capable of initiating and implementing changes and best practices in the organization with a strong commitment to ethical behavior