Accounts Payable / Accounts Receivable Manager

McCloskey International; Peterborough; On-site; CAD 70,000 - 90,000; Full time

Job summary

A leading machinery company located in Peterborough, Ontario, is looking for a Manager, AP & AR to oversee financial transactions related to cash collections and payments. The ideal candidate will have significant experience managing Accounts Receivable and Accounts Payable teams, excellent communication skills, and strong attention to detail. This role demands a capacity for multitasking and working under pressure, providing a notable influence on the company’s cash flow.

Qualifications

• Minimum 5 years experience managing Accounts Receivable and Accounts Payable with supervisory responsibilities.
• Experience with multi-entity and multi-currency accounting.
• Self-motivated and adaptable, able to work both independently and within a team environment.

Responsibilities

• Lead and manage the Accounts Payable and Accounts Receivable teams.
• Monitor the Accounts Receivable aging and ensure timely payment from customers.
• Develop and maintain policies and procedures for both AR and AP.

Skills

Excellent communication skills

Excellent interpersonal skills

Excellent time management skills

Analytical and problem-solving skills

Strong attention to detail

Education

Degree in Accounting/Finance

Completion or pursuing of professional accounting designation (CPA, CMA, CGA)

Tools

Microsoft Excel

Microsoft Word

ERP (Epicor, ERP)

Job description

Job Summary

Reporting to the Financial Controller, the Manager, AP & AR is responsible for overseeing the financial transactions relating to cash collections and cash payments and managing both the Accounts Receivable and Accounts Payable teams. This is a key role that has direct influence on the cash flow of the business.

Job Duties

• Lead and manage the Accounts Payable and Accounts Receivable teams
• Monitor the Accounts Receivable aging, ensuring AR team is actively managing past due accounts and following up with customers to expedite invoice payment
• Report out key metrics to keep management apprised of financial status of receivables, including daily report of aging and credit availability
• Maintain relationship with 3rd Party funding partners DLL and BOK
• Perform credit review of customers on regular basis
• Oversee credit hold and release to balance safe guarding of company assets and achieving sales targets and meeting customer satisfaction
• Review all customer set ups ensuring accuracy and credit worthiness
• Monitor the Accounts Payable aging to ensure vendor payments are being processed in a timely manner and ensuring no disruption to services related to vendor invoice payments
• Review vendor set ups to ensure accuracy and proper controls are followed
• Review payment runs for accuracy and cash management
• Assist in treasury management, providing cash flow projections relating to AR and AP
• Develop and maintain policies and procedures for both AR and AP
• Other duties as assigned

Job Requirements

• Degree in Accounting/Finance or equivalent related programs
• Minimum 5 years experience managing Accounts Receivable and Accounts Payable with supervisory responsibilities
• Completion or Pursuing of Professional accounting designation (CPA, CMA, CGA)
• Excellent communication skills both verbal and written
• Excellent interpersonal skills, including the ability to work effectively with all levels of staff
• Excellent time management skills and the ability to multitask and work well under pressure
• Experience with multi-entity and multi-currency accounting.
• Excellent analytical and problem-solving skills. Self-motivated and adaptable. Able to work both independently and within team environment.
• Strong attention to detail with a good technical understanding of accounting principles
• Strong computer skills: Microsoft Office including Excel and Word. E-mail & internet functions as well as previous ERP experience (Epicor, ERP).