Description
Manages the day-to-day operations of the Accounts Payable team (7-8 FTEs) in the Italy Finance Shared Service Center. This includes daily management of payable accounting process and transactions. Identifies & measures departmental performance metrics to ensure the expected level of service to the business and to the overall finance department. Plays a key role in the implementation of various initiatives to enhance and improve efficiencies within the payable process and function.
Responsibilities
* Lead, manage, and develop a team of Accounts Payable clerks, providing training, guidance, and performance management.
* Oversee the timely and accurate processing of supplier invoices, credit notes, and payment requests in accordance with company procedures.
* Ensure that all accounts payable transactions are accurately recorded in the accounting system and that supplier statements are reconciled.
* Monitor and review outstanding payables and ensure that any overdue accounts are promptly addressed.
* Prepare Journal Entries as part of the month end closing.
* Manage month end closing activities for costs and payables accounts collaborating with the controlling team and all finance functions.
* Review/Perform monthly reconciliations of AP balances.
* Provide a significant role in AP accounting system development.
* Participate in developing policies and procedures for financial reporting systems.
* Respond to internal customers and troubleshoot invoice processing issues in a timely manner working directly with multiple departments and locations.
* Interact & respond to questions and concerns from vendors.
* Identify, measure and drive the department key performance indicators to ensure the team is operating effectively & efficiently.
* Develop and implement best practices to improve the efficiency and accuracy of the accounts payable function.
* Work closely with the accounting department to ensure collaboration on processes and tasks.
* Support the hiring, training and development of AP team.
Requirements
* Bachelor's Degree in Accounting or Finance.
* 5 years of relevant Accounts Payable processing experience in SAP platform, including 2 years of Team Lead.
* In-depth understanding of Finance, especially in General Ledger management.
* Experience in SSC setting is advantageous.
* Proficiency in SAP Finance.
* Experience with internal controls, such as SOX, is beneficial.
* Exceptional independent and teamwork skills.
* Strong ability to multi-task and prioritize workload.
* Strong analytical and problem solving skills.
* High level of accuracy.
* Strong attention to detail.
* Strong organizational and time management skills.
* Ability to communicate effectively verbally and in writing.
* Ability to interact with employees and vendors in a professional manner.
* Ability to work independently and with a team in a fast-paced and high-volume environment with emphasis on accuracy and timeliness.
* Must have a strong work ethic.
* Must be well organized and a self-starter.
* Must be able to follow standard filing procedures.
* Detail oriented, professional attitude, reliable.
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