Accounts Payable/Receivable Manager manages the accounts payable and accounts receivable functions of an organization to ensure compliance with internal controls and accounting policies. Reviews and evaluates the accounts payable and receivable registers to validate charges and ensure timely and accurate payments and receipt of payments. Being an Accounts Payable/Receivable Manager monitors account aging reports, identifies delinquent accounts, and refers accounts to collection agencies. Verifies customer credit limits and applicable payment terms. Additionally, Accounts Payable/Receivable Manager designs and implements standard policies and procedures to ensure accurate and compliant financial records. Audits methods and procedures of the accounts payable and receivable functions to improve efficiency. Requires a bachelor's degree. Typically reports to a director. The Accounts Payable/Receivable Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Accounts Payable/Receivable Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
ITT, headquartered in Stamford, CT, operates competitively in 35 countries with demanding sales in 125 countries around the globe. ITT partners with engaged customers to deliver enduring solutions to the vital industries that continuously advance our modern way of life. ITT employees thrive in an inviting and professional company culture.
Summary:
Responsible for planning, organizing, and managing Accounts Receivable global functions of ITT Shared Services. The primary responsibilities of this position include ensuring effective functional controls and processes to deliver Accounts Receivable services to ITT business units, which includes customer credit evaluations, sales order release approvals, collection of Accounts Receivable, application of customer payments, and implementing strategic initiatives in support of ITT Shared Services Global Accounts Receivable organization goals and objectives. This includes, but is not limited to, assisting with the development of the strategic direction and global delivery model(s), the daily leadership of staff, maintenance of appropriate control environment, reporting of key performance data, project leadership, management of deploying the service globally, limited financial analysis and preparation of financial forecasts and budgets, and the continuous development and improvement of the service offering. Ensure that project objectives of maximizing commonality and utilizing standard solutions and best practice approaches are achieved. Other duties as assigned.
Implement business systems and processes that meet business requirements and enhance internal controls.
Special projects as requested
Education: B.S. Finance/Accounting; (or equivalent experience) with Credit Certification preferred.
Experience: In depth knowledge of Accounts Receivable processes obtained through more than 10 years of practical AR experience with at least 5 years in a management/leadership role.
Preferred experience in a shared services/centralized services Accounts Receivable environment.
FIS GetPAID, preferred
SAP, preferred
Other Skills/Knowledge/Experience:
Considerable skills in process improvement/business transformation, customer service, communication, leadership, problem solving, team building and consensus abilities. Change agent.
Safety is a core value at ITT. Our employees understand and follow all ITT safety policies and procedures, participate in workplace inspections, safety training, and in the development of job safety analyses.
This position requires use of information which is subject to the International Traffic in Arms Regulations (ITAR). All applicants must be U.S. persons within the meaning of ITAR. ITAR defines a U.S. person as a U.S. Citizen, U.S. Permanent Resident (i.e. 'Green Card Holder'), Political Asylee, or Refugee.
“ITT Corporation is an Equal Opportunity/Affirmative Action employer and all qualified applicants will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran or disability status, or any other characteristic protected by law.”
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