AP Manager

POSITION PURPOSE

The Accounts Payable Manager is responsible for managing the accounts payable process for the Americas region and U.S. based global operations. Key responsibilities include managing/optimizing payments, implementation and optimization of accounts payable systems and process across the organization, owning relevant business controls, and leading & developing the accounts payable team.

This position ensures the success of the accounts payable department and will be required to have a strong accounting background, advanced analytical skills, as well as a clear understanding and practical application of accounting principles. A successful candidate should be able to manage multiple tasks and projects based on priority and business impact; communicate effectively and efficiently with internal and external parties including employees, customers, vendors, senior executives, bank personnel, and external IT/software support; direct the recording of transactions in accordance with generally accepted accounting principles and BAC policies; maintain adequate internal controls over accounts payable; and seek and address opportunities for process improvement, increased financial performance, and risk mitigation.

PRINCIPAL ACCOUNTABILITIES

• Direct leadership of AP team and balancing/adjusting resources as efficiencies are realized and volume changes
• Timely and accurate resolution of complex vendor and customer (internal and external) matters with a sense of urgency
• Recording of accruals for month-end close
• Reconciliation of various Accounts Payable accounts on a monthly basis
• Review of vendor statements
• Key influencer in the achievement of Americas DPO objective
• Manage maintenance of the vendor master data
• Collaborate with key business leaders to resolve vendor payment issues
• Ensure payment process adheres to necessary internal controls and that payments are executed as scheduled
• Administer the various payment processes and methods; Wires, ACH, P-card, etc.
• Manage the corporate credit card program including issuance of cards, maintenance of credit limits, review of transactions and enforcement of policy
• Identify opportunities for automation and efficiency gains with the process and system
• Resolve technical SAP and OCR problems with the SAP IT team and key business stakeholders
• Manage federal 1099 reporting
• Monitor payments and maximize working capital opportunities
• Ensure transactions follow generally accepted accounting principles
• Generate monthly and quarterly accounting reports for distribution to internal and parent-company parties
• Ensure adequate segregation of duties in areas of supervision
• Complete and oversee completion of various annual AP financial reporting
• Manage AP related annual SOX testing and external audit requests

NATURE AND SCOPE

The Accounts Payable Manager will report to the Americas Controller. As part of the Finance Department, the Accounts Payable Manager will have interaction with various groups within the business including Procurement, Supply Chain, IT, Operations, etc. This role is also responsible for working with all employees, multiple departments, BAC Americas plant personnel, as well as Amsted. The position currently has 3 direct reports in the Finance department.


KNOWLEDGE & SKILLS

• Bachelor's Degree in Accounting, Finance or related field required
• 5+ years accounting experience
• 5+ years accounts payable experience preferred
• SAP experience strongly preferred
• Solid accounting, finance, and internal controls background and knowledge
• Working knowledge of general finance, banking, terms and conditions, and legal terminology
• Strong analytical ability and critical thinking skills
• Detail oriented
• Excellent customer service and communication skills
• Ability to manage multiple tasks and projects to meet specific deadlines
• Eagerness to learn and assume responsibility without excessive supervision
• Treasury experience is a plus

BAC Hiring Compensation Range $75,300-$129,100

BAC offers a comprehensive benefits package to include medical, dental, vision, paid time off, 401k, employee stock ownership plan, and more. Please see additional details on the BAC website at


BAC Employees are eligible to participate in an annual bonus incentive program.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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