What are the responsibilities and job description for the Senior Manager, Accounts Payable position at CONTRACT PHARMACAL CORP?
Description
Position Summary:
The Senior Manager of Accounts Payable is responsible for overseeing day-to-day accounts payable operations, ensuring timely and accurate processing of payments.
Responsibilities: Responsibilities include, but are not limited to:
- Supervise and manage day-to-day activities of accounts payable department staff, providing coaching and feedback on performance.
- Oversee the three-way matching process for accounts payable invoices, receipts, and purchase orders.
- Develop and maintain accounts payable payment schedules (wires, checks, and credit cards) for review and execution.
- Act as the primary point of contact for vendor inquiries, resolving payment discrepancies and maintaining strong relationships.
- Reconcile credit card transactions, account statements, overhead invoices, and expense reports.
- Manage and maintain accounts payable aging reports, vendor files, and electronic and physical financial records as needed.
- Prepare, process and mail and/or wire payments.
- Investigate all vendor debit memos and invoice discrepancies.
- Review and approve vendor statements, researching all variances.
- Ensure compliance with company policies, accounting standards, and regulatory requirements.
- Set and monitor key performance indicators (KPIs) to measure team effectiveness and address areas for improvement.
- Lead accounts payable-related projects.
- Collaborate with other departments to streamline invoice approval processes and ensure proper documentation.
- Other responsibilities as assigned by Senior Management.
Requirements
Education and Experience:
- Associate degree in accounting or related field.
- 7 years of experience working in all areas of accounts payable; including 3 years managing an accounts payable team.
- Proven experience managing vendor payments in manufacturing, distribution, or wholesale industries (pharmaceutical industry experience preferred).
Skills, Knowledge, and Abilities:
- Ability to communicate effectively with vendors and interact with all levels of in-house personnel.
- Ability to manage changing priorities and deadlines and give directions concisely.
- Excellent attention to detail, organization, driving results and process improvements.
- Proficient in using MS Office programs, specifically Excel and Word.
- Familiarity with ERP systems and other financial software.
Physical Demands:
- Required to use hands to operate computer controls.
- May be required to stoop, kneel, crouch, stand, bend, sit, talk, hear, or walk for long periods. The employee may lift and/or move up to 50 lbs.
- Specific vision abilities required include close vision, ability to focus.
Work Environment:
- Required to be present in the office to provide immediate supervision to direct reports, and collaborate with directors, peers, and other departments daily.
- Potential to move between production operations sites/areas and local geographic region to complete job functions.
- Hours/Travel maybe subject to changed based on management/company discretion.
Supervisory Responsibilities:
- Manage accounts payable staff.
Personal Protective Equipment or Attire Required for Position:
- As needed.
Pay Range:
$100,000 - $110,000 per year
Salary : $100,000 - $110,000
