RECOVERIES SR MANAGER

Company Overview

The role involves managing processes related to Accounts Payable recoveries, including the supervision of internal A/P recovery projects, coordination of primary and secondary audit teams, and approval of all A/P recovery claims. It includes overseeing the accounting and reconciliation for audit projects and managing relationships with external post-payment audit firms. The position also requires managing both direct and indirect reports and overseeing the payment resolution process with internal and vendor partners. This role is responsible for suggesting enhancements to existing systems, policies and procedures, and controls.

Job Details

• Oversee and manage the entire accounts payable recovery process, ensuring accuracy, timeliness, and compliance with company policies and accounting standards. Assist in the preparation of financial reports and forecasting related to recoveries 40%
• Develop and implement effective strategies for accounts payable recoveries, including system improvements and process optimizations, contract compliance and construction audits. 30%
• Lead a team of accounts payable professionals, providing them with guidance, training, and development opportunities. 20%
• Liaise with internal and external stakeholders, including suppliers, auditors, and other departments, to resolve issues related to accounts payable recoveries. 10%
• Monitor and analyze accounts payable recovery performance, identifying areas for improvement and implementing corrective actions. 5%
• Ensure compliance with all legal and regulatory requirements relating to accounts payable, including tax obligations and audit requirements. Participate in special projects and

initiatives as required 5%

Qualifications

• Intermediate or higher level ability to utilize Microsoft Office word processing, spreadsheet, presentation, and database skills
• Ability to communicate (written and verbal) in common language to facilitate transfer of knowledge as well as proficiency presenting information to large groups
• Basic understanding of retail and accounts payable process plus accounting terms and concepts including journal entries, reconciliations, and SOX controls
• Ability to independently analyze large amounts of data and summarize into a meaningful format including statistical modeling and trend and exception analysis
• Ability to work with others on a common goal while also ensuring that projects meet financial requirements; ability to work in a fast-paced, dynamic and team-oriented environment
• Ability to step into the details when necessary and assist in resolving issues
• Ability to effectively manage a team to desired results
• Bachelor's degree in Accounting, Finance, or a related field; a CPA or similar qualification is preferred.
• A minimum of 7-10 years of experience in accounts payable management, with a focus on recoveries.
• Strong leadership and team management skills.
• Excellent knowledge of accounting principles, tax regulations, and industry best practices.
• Strong analytical skills, with the ability to identify and resolve complex issues.
• Proficient in accounting software and MS Office applications.
• Excellent communication and interpersonal skills.