What are the responsibilities and job description for the Finance Manager - Accounts Payable/Accounts Receivable (AP/AR) position at OFI?
Description
We are a global leader in food & beverage ingredients. Pioneers at heart, we operate at the forefront of consumer trends to provide food & beverage manufacturers with products and ingredients that will delight their consumers. Making a positive impact on people and planet is all part of the delight. With a deep-rooted presence in the countries where our ingredients are grown, we are closer to farmers, enabling better quality, and more reliable, traceable and transparent supply. Supplying products and ingredients at scale is just the start. We add value through our unique, complementary portfolio of natural, delicious and nutritious products. With our fresh thinking, we help our customers unleash the sensory and functional attributes of cocoa, coffee, dairy, nuts and spices so they can create naturally good food & beverage products that meet consumer expectations. And whoever we’re with, whatever we’re doing, we always make it real .
Position Summary
Reporting to the Sr. Finance Director, the AP / AR Manager is responsible for leading the AP / AR functions olam food ingredients (ofi). This position will manage the day-to-day requirements of the AP / AR team as well as provide the required support during the monthly financial closing and quarterly reporting. They will interact with several levels of finance and functions including sales, customer service and procurement and will serve as an essential strategic business partner to the ofi organization.
The ideal candidate for this position will be able to work effectively on diverse teams while also being a strong independent contributor. This person should have a strong attention to detail and be able to manage multiple competing demands / priorities while ensuring timely execution of all filings and audits.
Position Responsibilities
- Serve as the point of contact for all AP / AR queries internally from the business team.
- Ensure that the AP / AR aging are up to date with on time collection and payment status.
- Manage all issues in AP / AR and ensure they are resolved by the team in a timely manner.
- Ensure all accounts are fully reconciled with our vendors and customer.
- Manage all intercompany reconciliations and payments with our sister companies and external stakeholders.
- Manage a team under the AP / AR function.
- Responsible for ensuring the correct process and controls for payments throughout the company are followed by all team members.
- Confirm the accounting system is fully updated for all credit provided and that there are no breaches in policy.
- Ensure relevant approvals are in place for all supplier advances and have constant communications with the procurement team as required.
- Serves as mentor for the AP / AR team.
- Support all required risk reporting processes.
- Collaborate and provide routine business support to enable informed decision-making.
- Oversee and manage all aspects of the AP / AR monthly close process to ensure complete, accurate and timely monthly actual results, including variance analysis.
- Manage and support complex internal and external audit and reporting projects.
- Ensure compliance with accounting policies and regulatory requirements.
- Perform other duties as assigned.
Position Requirements
Ofi Provides Employees With a Comprehensive Compensation Package, Including
New Hire Base Salary Range in Chicago, IL 101-135k
Benefits : Employees (and their eligible dependents) covered through affordable access to healthcare, protection, and saving for the future.
Wellbeing : We offer events, resources, and learning opportunities that inspire a physical, social, emotional, and financial wellbeing lifestyle for our employees and their families.
Note : This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization.
ofi provides equality of opportunity for all persons with respect to hiring without discrimination on the grounds of race, color, religion, national origin, sex, pregnancy, age, disability, veteran status, or sexual orientation. All employment will be decided on the basis of qualifications, merit and business need. If you need assistance or an accommodation due to a disability, you may contact us for support at : US-Talent.Acquisition@ofi.com
At ofi, we celebrate our diversity. Olam Americas Inc. is proud to be an equal opportunity workplace.
