Accounts Receivable/Payable Manager

Coface is a team of 4,500 people of 78 nationalities across nearly 60 countries, all sharing a corporate culture across the world. Together, we work towards one objective: facilitating trade by helping our 50,000 corporate clients develop their businesses.

With 75 years of experience, Coface is a leader in the credit insurance and risk management market. We have also developed a range of other value-added services, including factoring, debt collection, single risk insurance, bonding, and information services.

As a close-knit, international organization at the core of the global economy, Coface offers an enriching work experience on several levels: relational, professional, and cultural.

Every day, our teams are making trade happen. Join us!

Location: Princeton NJ

Reports to: Regional Head of Accounting

Job Overview:

We are seeking a dedicated and detail-oriented AR/AP Manager to join our finance team. This individual will be responsible to oversee the financial processes related to both accounts payable (AP) and accounts receivable (AR). The individual will manage timely and accurate processing of invoices, payments, and collections, ensuring compliance with internal controls and external regulations. Analyzing the daily operations of the AR and AP department, to identify pain points, and work in close collaboration with Transformation dept to update SOPs and improve existing process looking for automation of the most manual ones. The ideal candidate must have organized, proactive, strong communication skills as well as possess leadership capabilities managing a team. and will be reporting to Regional Head of Accounting

Key Responsibilities:

• Manage, lead and mentor AP/AR SSC (Shared Service Centre) team, provide training, and set internal objectives.
• Manage the accounts receivable process, including collections, and cash application.
• Prepare and analyze accounts receivable reports
• Ensure management of timely processing of invoices and payments
• Prepare and analyze accounts payable reports.
• Identify opportunities for process improvements and implement changes.
• Coordinate month-end and year-end closing processes
• Ensure compliance with company policies and regulatory requirements as well as completion of level 1 controls.
• Assist with internal and external audits and provide necessary documentation

Communication and Support:

• Collaborate with other departments to streamline operations
• Work closely with sales and customer service teams to resolve customer complaints
• Handle escalated inquiries from vendors, brokers, clients and internal staff
• Work in close collaboration with AP and AR SSC in MX to align best practices
• Provide support to Regional Head of Accounting in AR and AP committee preparations.

Enhance accounting tool process:

• Identify opportunities for improving current tools.
• Liaise with BT department to implement the needed improvement.

Required Skills and Qualifications:

• Educational Requirements:
• Bachelor’s degree in finance, Accounting, Business Administration, or a related field.

Experience:

• 5 years of experience in an AR/AP Manager role is preferred.
• Advanced knowledge of Excel and other financial software
• Skills:
• Strong analytical and problem-solving abilities.
• Excellent attention to detail and organizational skills.
• Good understanding and solid foundation in accounting principles, experience in managing AR/AP processes.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team, work under pressure and meet tight deadlines.