Position Summary:
Methode Electronics is seeking an Accounts Payable Manager to lead and oversee the accounts payable operations of its US Shared Service Center. This role will report to the Senior Manager, US Shared Service Center and will be responsible for managing vendor invoice processing, payment execution, vendor master data management, and resolution of discrepancies. This role oversees daily operations, ensures compliance with company policies and internal controls, drives process standardization and efficiency, and manages strong vendor relationships. The AP Manager will lead a team of AP specialists to deliver accurate, timely, and reliable results that support the company's financial reporting, working capital, and operational needs. You will also ensure employees are following established policies and that required documentation is obtained and stored. This role will also interact and work closely with Company's accounting team in Mexico. This is an ideal opportunity for someone who desires to be part of an accounting team at a company undergoing meaningful transformation and growth located in Southfield, Michigan.
Position Responsibilities:
Provides guidance in the daily operation of the accounts payable team ensuring employees are provided with the knowledge and skills necessary to perform their job responsibilities.
Plans work schedules, assigns duties, and evaluates work for accuracy, neatness, and conformance to policies.
Performs monthly close processes ensuring customer billing and cash applications are prepared for closing each month. Works with appropriate parties to ensure any errors or issues identified are resolved to close the period timely.
Maintains the close schedule, scheduling of subsystem feeds and making materiality decisions on close entries.
Prepares monthly report balancing the sub-ledgers to GL, identifies any variances, and work with appropriate parties to resolve.
Provides management reporting and audit support specific to accounts payable.
Performs testing in financial systems.
Ensure compliance, approval verification, and quality control review processes are followed.
Drives DPO improvement across organization; improves the existing processes; achieves target DPO; and establishes reasonable payment terms.
Analyzes invoices and expense reports for accuracy and eligibility for payment while ensuring proper approvals have been obtained.
Ensures timely payments of vendor invoices and employee expense vouchers and maintains accurate financial records and control reports.
Prepare accounts payable register and related reports in a timely manner.
Reviews GRIR reports and proactively resolves unmatched and aging items.
Plans short and long-term strategies to achieve goals and objectives of the department and reviews the existing policies, processes and procedures and identify any process deficiencies and recommends action items for process improvement.
Prepares SOX compliance control documents
Manage and develop a team of accounting professionals by monitoring performance, setting goals, providing ongoing training, and maintaining strong employee relationships.
Ensure consistent standards and operational excellence in the US and accounts payable accounting operations.
Foster a collaborative team environment and ensure strong communication across the accounting team and other departments.
Participate in special projects and initiatives.
Performs other duties as assigned
Qualifications:
Bachelor's degree required, preferably in accounting or finance.
5+ years of on-hands experience in accounts payable, including invoice processing and payment execution, with 2+ years of supervisory experience.
Experience in manufacturing is preferred.
Strong customer service orientation, including the ability to create partnerships with business leaders and trusted relationships with key stakeholders.
Strong analytical skills to efficiently evaluate accounts payable trends and balance analysis.
Accounting skills to effectively interface with accounting team and manage risk.
Proficient Microsoft Excel skills and experience with financial systems; previous experience with CMS and OneStream preferred.
Experience with automation and workflow tools is a plus.
Excellent organizational, analytical, and communication skills.
Ability to work under pressure, manage multiple priorities, and deliver results in a fast-paced environment.
The base pay hiring rate expected for this position is: $111,350. -$131,000
This position is eligible to participate in an incentive plan.Metrics and level of participation are determined annually.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must occasionally lift and/or move up to 15 pounds. Specific vision abilities required by this job include Close... For full info follow application link.
Methode Electronics is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, genetic information and other legally protected characteristics. The EEO is the Law poster is available here: EEO Poster, if you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] or call (708) 867-6777 and let us know the nature of your request and your contact information.
