Director of Accounts Payable/Receivable

The Director of Accounts Payable/Receivable is a senior leadership role responsible for overseeing and managing the financial transactions related to a company's incoming and outgoing payments. 

This position ensures the accuracy and efficiency of all accounts payable and receivable processes, which is crucial in maintaining the organization's financial health.

As a key leader, the Director of Accounts Payable/Receivable leads a team to manage invoicing, payments, and collections, ensuring that all transactions are processed accurately and on time. 

They develop and implement strategies to optimize cash flow, reduce errors, and improve financial reporting, all while maintaining solid relationships with vendors and customers. Their leadership ensures the smooth operation of financial activities vital to the company's success.

Lead our financial operations to new heights as the Director of Accounts Payable/Receivable.

In this role, you'll take the reins of our financial transactions, ensuring that every payment in and out of the company is handled precisely and efficiently.

In this pivotal leadership role, you'll oversee the accounts payable and receivable processes, ensuring they run smoothly and accurately while optimizing cash flow and financial reporting.

By guiding and mentoring your team, you'll implement strategies that streamline operations, reduce errors, and strengthen relationships with vendors and customers, all while maintaining the organization's financial health.

Collaborating with various departments, you'll develop best practices, set payment guidelines, and ensure that our financial transactions are timely, accurate, and aligned with our company's goals!

• Provide strategic guidance on financial decision-making.
• Develop and implement strategies to optimize accounts payable and accounts receivable processes.
• Monitor and analyze cash flow to optimize working capital management.
• Identify opportunities for process improvements and automation in accounts payable/receivable functions.
• Implement controls to mitigate financial risks associated with accounts payable/receivable activities.
• Manage and lead a team of accounts payable and accounts receivable professionals.
• Ensure timely and accurate processing of invoices and payments.
• Establish and maintain relationships with vendors and clients to ensure smooth transactions.
• Collaborate with other departments to streamline financial processes.
• Resolve escalated issues related to payments, billing, and collections.
• Ensure compliance with accounting regulations and company policies.
• Prepare financial reports related to accounts payable and accounts receivable.
• Conduct regular performance evaluations of the accounts payable/receivable team.
• Coordinate internal and external audits related to accounts payable/receivable.
• Stay updated on industry trends and best practices in accounts payable/receivable management.

• Reduced accounts payable processing time by X% within the first six months.
• Improved accounts receivable turnover ratio by X% annually.
• Achieved X days sales outstanding target.
• Increased vendor discounts captured by X% quarterly.
• Enhanced cash flow forecasting accuracy by implementing new techniques.
• Reduced past due accounts receivable balance by X% monthly.

• Bachelor's degree in Accounting, Finance, or related field.
• Proven experience in leading and developing high-performing teams.
• Strong understanding of cash flow management and working capital optimization.
• Experience in process improvement and ERP system implementation.
• Strong knowledge of accounting principles and financial regulations.
• Minimum of X years of experience in accounts payable/receivable management.
• CPA or CMA certification is preferred.
• Excellent analytical and problem-solving skills.
• Effective communication and interpersonal abilities.
• Ability to prioritize tasks and work efficiently under pressure.
• Proficiency in accounting software and Microsoft Excel.