Director, Accounts Payable and Accounts Receivable
- Canada
- Permanent
- Full-time
The Director, Accounts Payable and Accounts Receivable leads and optimizes the AP/AR functions across our client’s growing and dynamic organization. This role is responsible for overseeing all end-to-end processes related to vendor payments, customer invoicing, collections, cash application, and financial reporting related to payables and receivables.RESPONSIBILITIESLeadership & Strategy
- Develop and execute strategic plans for AP and AR operations to align with company financial goals and operational requirements. More specifically you will be responsible along with the Accounting team to complete the implementation of a new Procure to Pay system and processes.
- Lead and mentor a high-performing team of AP and AR managers, analysts, and clerks.
- Partner with senior leadership and cross-functional teams including Procurement, Accounting, Operations, and IT to optimize working capital and cash flow.
- Ensure timely and accurate payment of all vendor invoices while maintaining appropriate controls such as three-way match and adherence to contract terms.
- Oversee vendor onboarding, master data management, and compliance with company policies.
- Drive automation and process improvements within the AP cycle to enhance efficiency and accuracy.
- Manage customer billing, credit evaluation, collections, and dispute resolution processes.
- Optimize cash application processes and reduce Days Sales Outstanding (DSO).
- Collaborate with Sales and Operation teams to resolve receivable issues promptly.
- Establish, monitor, and enforce internal controls related to AP/AR processes.
- Ensure compliance with relevant tax laws, accounting standards, and regulatory requirements.
- Lead internal and external audit support for AP and AR.
- Leverage ERP systems, procure to pay system and analytics tools to provide actionable insights, dashboards, and KPIs for AP/AR performance.
- Lead or support system upgrades and integrations related to finance operations.
- Prepare monthly and quarterly reporting packages related to AP and AR performance, aging, and forecasts in collaboration with the treasury team
- Minimum of 10 years of progressive experience in AP and AR management, with at least 5 years in a leadership role
- Experience in a multi-site consumer-facing business preferred.
- Deep operational expertise, a continuous improvement mindset,
- Strong leadership and team development skills. Ability to engage and motivate a team to high performance
- Sense of urgency, responsiveness and accountability
- Strategic thinking and problem-solving skills.
- Strong analytical skills.
- Collaborative with strong communication and relationship-building skills.
- Ability to manage time and effectively prioritize multiple projects simultaneously.
- Ability to manage high-volume transactions in a fast-paced, high-growth environment
- Deep understanding of end-to-end AP/AR processes, systems and best practices.
- Proven track record of implementing process improvements, automation, and cost-saving initiatives.
- Post Secondary degree in in Accounting, Finance, or Business, or another related field. CPA or MBA preferred