Director - Accounts Payable

Job Description Summary

The Director of Accounts Payable is responsible for overseeing all aspects of the accounts payable function, playing a crucial role in maintaining and optimizing financial processes. This role involves
managing the Accounts Payable (AP) team, fostering vendor relations, and strategically analyzing payment processes to enhance working capital

• Lead the AP team, overseeing Customer Vendor Relations, AP disbursement group, and handling check disbursements, 1099, and vendor-related tax matters.
• Analyze Days Payable Outstanding (DPO) and proactively manage vendor relationships to optimize working capital.
• Develop, implement, and maintain accounts payable systems, procedures, and policies, ensuring compliance with company guidelines.
• Maintain a thorough understanding of financial reporting, general ledger structure, and systems.
• Oversee the review of all company payment requests, ensuring rigorous adherence to vendor setup, accurate coding, and required approvals.
• Oversee the team responsible for entering payment requests, electronic payment transfers, and maintaining vendor information.
• Conduct in-depth analysis of vendor accounts, identifying strategic opportunities for discounts, consolidated billing, and pricing optimization.
• Collaborate with executive leadership, providing insights and recommendations based on comprehensive analysis.
• Drive accurate and insightful account reconciliations and ad-hoc management reports, ensuring compliance with organizational standards.
• Uphold the highest standards of accuracy in the accounts payable aging report.
• Correspond with vendors, responding to queries and maintaining positive relationships.
• Ensure accurate and timely reporting for month-end closing and annual audits.
• Oversee the audit of Travel and Expense (T&E) reports for accuracy and compliance.
• Drive and participate in strategic initiatives and projects to enhance the overall financial health of the organization.
• Review vendor reconciliation of Geos on a Quarterly basis.
• Review Bank reconciliation of all Geos on a weekly basis.
• Manage H2H payment and vendor payment trackers to maintain DPO

Attributes & Attitude

• Leadership and strategic management skills
• Exceptional analytical and problem-solving abilities.
• Strong interpersonal and communication skills.
• Ability to drive change and foster innovation.
• Uncompromising integrity and commitmment to confidentiality.
• Education: Bachelor's degree in Finance, Accounting, or related field.
• Experience: 10-12 years of progressive work experience in accounts payable.
• Expertise in general accounting procedures related to accounts payable.