Accounts Payable/Receivable Manager manages the accounts payable and accounts receivable functions of an organization to ensure compliance with internal controls and accounting policies. Reviews and evaluates the accounts payable and receivable registers to validate charges and ensure timely and accurate payments and receipt of payments. Being an Accounts Payable/Receivable Manager monitors account aging reports, identifies delinquent accounts, and refers accounts to collection agencies. Verifies customer credit limits and applicable payment terms. Additionally, Accounts Payable/Receivable Manager designs and implements standard policies and procedures to ensure accurate and compliant financial records. Audits methods and procedures of the accounts payable and receivable functions to improve efficiency. Requires a bachelor's degree. Typically reports to a director. The Accounts Payable/Receivable Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Accounts Payable/Receivable Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
BASIC FUNCTION OF POSITION:
Provides finance & accounting services to the various Divisions within the UFA. Works within several different and diverse programs and frequently demonstrates broad knowledge due to cross-boundary specialties.
SUPERVISION RECEIVED:
Works under the general direction of the UFA's Chief Financial Officer and/or Assistant Finance Director. Expected to function independently by using personal initiative to plan, carry out, and balance individual assignments.
SUPERVISION EXERCISED:
Generally supervises Accounts Payable/Accounts Receivable staff, including participating in hiring decisions, setting individual performance goals, conducting periodic performance evaluations, imposing disciplinary action, approving vacation and leave requests, arranging employee training opportunities, etc.
PRINCIPAL RESPONSIBILITIES:
TYPICAL DECISIONS:
Incumbents typically set their own priorities within assigned programs or projects, relying on demonstrated experience and in-depth knowledge of general accounting principles, cost accounting principles, general auditing principles, UFA purchasing protocols, and vendor relations.
KNOWLEDGE, SKILLS and ABILITIES:
Knowledge of:
Knowledge of:
Skills in:
Ability to:
MINIMUM EXPERIENCE AND QUALIFICATIONS:
OR
An Associate Degree, plus six (6) years of closely related experience and at least two (2) years of supervisory experience.
OR
An equivalent combination of related experience and education
DESIRABLE QUALIFICATIONS:
WORKING ENVIRONMENT:
Work is performed in a general office environment during routine office hours, Monday through Friday; however, after-hours and weekend work is occasionally necessary.
PHYSICAL AND MENTAL JOB REQUIREMENTS:
To perform the job successfully, an individual must be able to perform each of the essential job functions satisfactorily. This position involves periods of prolonged sitting and use of computer equipment. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This position requires the physical and mental capabilities to read information printed on paper and displayed on computer monitors; hear, speak, and communicate verbally using the English language; cognitive thinking and mathematical calculation capabilities; manual dexterity to manipulate standard office equipment, papers, files, and records. This position has the ability to lift up to ten (10) pounds and may require occasional driving to various meetings and work locations.
The position is considered a Category A under the Mobile Phones Policy (Employee can also elect to be assigned a mobile phone based on policy)