Accounts Payable Manager

Company: NEFCO
Location: East Hartford
Posted on: January 11, 2022

Job Description:

DescriptionNEFCO is a construction supply company. We provide support to our contractors by serving as the channel that unites them with the construction products that they need. When it comes to the contractor, we are always there when they need us. We never stop working for them. When they build, we build together. #unitedwebuild
As the Accounts Payable Manager, you will work closely with the Controller and be responsible for ensuring all payments are on time and reflect all appropriate discounts. You will work closely with suppliers and internal departments to ensure all item receipts are reconciled to invoices and purchase orders. Vendor record maintenance responsibilities will be shared and coordinated with the purchasing department. You will be managing accounting functions, including maintenance of General Ledger Accounts that AP transactions will hit. Part of your daily duties will consist of developing, implementing, and maintaining systems, procedures, and policies (including AP functions) to ensure adherence to company guidelines.
Essential Functions and Responsibilities:

• Manage the personnel in the accounts payable group (3) by setting goals and expectations for each position.
• Execute high volume weekly check runs -200-250 Checks and -75-100 ACH/Wire Payments.
• Identify automation and other improvement opportunities and pursue them aggressively.
• Manage vendor relationships, reconciling account activity, timely processing of invoices, payment batches, and responding to inquiries.
• Work alongside the Controller to develop, improve, and maintain internal controls and revise procedures to meet compliance and regulatory standards, as necessary.
• Increase and maximize discount utilization.
• Monitor AP processes and procedures that drive efficiencies, ease of use, scalability, integration with financial systems, end-to-end transparency, and an excellent user experience.
• Lead initiatives to negotiate pricing with expense vendors.
• Prepare/review month-end close process, including monthly accruals, account analysis, reconciliations, and various audit schedules.
• Properly maintain prepaids, fixed assets, and vendor accrual schedules.
• Responsible for annual reporting requirements such as 1099s and schedules for annual bank audits.
• Produce and maintain Accounts Payable procedures and SOP's.Requirements
  • 5+ years progressive Accounts Payable experience, 1-2 years in a management role.
  • Accounting or Finance degree preferred.
  • Intermediate knowledge of Microsoft Excel (e.g. pivot tables, v-lookups), Word, Outlook.
  • Excellent written, verbal communication, and organization skills.
  • Outstanding follow-through skills, analytical interest, and ability to exercise good judgement, learn quickly in a dynamic and time sensitive environment.
  • Strong interpersonal and communication skills
  • Impeccable analytical and organizational skills
  • Self-motivated and self-directed
  • Excellent accounting software user and administration skills
  • Sound judgment and problem-solving skills; Continuously identifying opportunities for process improvement.

Keywords: NEFCO, East Hartford , Accounts Payable Manager, Executive , East Hartford, Connecticut