Manager - Accounts Payable

Old World Industries; Northbrook (IL); On-site; USD 104,000 - 126,000; Full time

Job summary

Join a leading privately-held company in the automotive aftermarket as a Manager of Accounts Payable. This pivotal role focuses on optimizing the Procure-to-Pay process, ensuring accuracy in vendor payments, and implementing best practices. You will lead a team, drive process improvements, and foster strong relationships with vendors and internal stakeholders. With a commitment to quality reporting and financial controls, this position offers an exciting opportunity to make a significant impact in a dynamic environment. Enjoy a competitive salary and comprehensive benefits while being part of a company with a rich history of innovation.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401(k) Match

Life Insurance

Disability Insurance

Paid Time Off

Voluntary Benefits

Qualifications

• 7+ years of experience in Accounts Payable with supervisory experience.
• Strong understanding of internal controls and process optimization.

Responsibilities

• Oversee invoice processing and vendor statement reviews for accuracy.
• Collaborate with accounting teams to resolve discrepancies.

Skills

Accounts Payable

SAP

Vendor Invoice Management (VIM)

Project Management

Microsoft Excel

Communication Skills

Organizational Skills

Attention to Detail

Tools

SAP VIM

Microsoft Office

Job description

Join to apply for the Manager - Accounts Payable role at Old World Industries.

This role offers a salary range of $104,000 to $126,000 per year. Your actual pay will be based on your skills and experience. Discuss with your recruiter for more details.

Position Purpose

This position will lead various aspects of the Procure-to-Pay (P2P) process, including vendor setup, purchase orders, invoice and payment processing, expense reporting, issue resolution, and exception handling. The focus will be on process optimization, standardization, and continuous improvement, ensuring quality reporting, system security, policy compliance, strong financial controls, and a positive user experience.

Key Responsibilities

• Oversee invoice processing and vendor statement reviews to ensure accuracy and timeliness.
• Maintain accurate vendor master data.
• Build and sustain relationships with employees, vendors, and lenders.
• Collaborate with accounting teams to resolve discrepancies.
• Supervise invoice processing in SAP VIM, ensuring proper matching and approvals.
• Ensure vendors are paid according to contractual terms and resolve related inquiries.
• Review vendor IRS W-9 forms, manage 1099 reporting, and prepare IRS forms.
• Develop and implement process improvements and best practices.
• Lead training and education initiatives related to process enhancements.
• Manage, train, and evaluate Accounts Payable staff.
• Foster a positive, collaborative team environment and lead special projects.

Required Skills and Experience

• Minimum 7 years of experience in Accounts Payable.
• 3-5 years of supervisory experience in AP.
• Strong understanding of internal controls and SAP, with P2P best practices knowledge.
• Experience with Vendor Invoice Management (VIM) is a plus.
• Proven ability to lead organizational change and improve processes.
• Excellent communication, organizational, and project management skills.
• Proficiency in Microsoft Office, especially Excel and Outlook.
• Attention to detail and a customer service mindset.

Benefits

Includes medical, dental, vision, 401(k) match, life and disability insurance, paid time off, and additional voluntary benefits.

Company Overview

Old World Industries is a leading privately-held company in the automotive aftermarket, with a 50-year history of innovation. Based in Northbrook, Illinois, the company offers a range of automotive and industrial products.