What are the responsibilities and job description for the Procurement and AP Director position at BMD?
Job Summary:
The Accounts Payable Manager is responsible for overseeing the accounts payable function, ensuring timely and accurate processing of invoices and payments. This role requires strong leadership skills, technical knowledge of accounts payable processes, and collaboration across departments to drive improvements.
Main Duties:
- Manage the accounts payable team, including training, performance management, and staff development.
- Oversight of the end-to-end accounts payable process, including invoice processing, payment runs, vendor management, and reconciliations.
- Ensure accurate and timely processing of vendor invoices, ensuring compliance with company policies and procedures.
- Prepare monthly, quarterly, and annual financial reports related to accounts payable.
- Collaborate with internal teams such as procurement and accounting to resolve issues, ensure data accuracy, and improve processes.
- Assist internal, external, and regulatory auditors in their examination of accounting records related to accounts payable.
- Develop strategies for process improvement, automation, and cost control in the accounts payable function.
- Resolve vendor inquiries and disputes in a professional and timely manner.
- Monitor cash flow and payment schedules to ensure liquidity and avoid late payment penalties.
- Support with month-end and year-end closing activities.
- Maintain vendor files, including W-9's and 1099's preparation.
