The Accounting Supervisor- Accounts Payable is responsible for managing all Accounts Payable areas for Americas based BAC operations (including global functions), including managing/optimizing disbursements(in excess of $100M / year)and associated business controls, and leading the accounts payable team. In addition, the manager is responsible for journal entry creation and approval, ensuring adequate month-end AP accruals (which are an integral part of accurately presenting financial results and the largest and most indefinite such activity), account reconciliation, and periodic governmental/compliance reporting.
This position ensures the success of the accounts payable department and will be required to have a strong accounting background, advanced analytical skills, as well as a clear understanding and practical application of accounting principles. A successful candidate should be able to manage multiple tasks and projects based on priority and business impact; communicate effectively and efficiently with internal and external parties including employees, customers, vendors, senior executives, bank personnel, and external IT/software support; direct the recording of transactions in accordance with generally accepted accounting principles and BAC policies; maintain adequate internal controls over accounts payable; and seek and address opportunities for process improvement, increased financial performance, and risk mitigation.
PRINCIPAL ACCOUNTABILITIES
- Direct leadership of AP team (currently 2 AP staff, and 1 AP temp) constantly evaluating the needs of the organization and balances resources accordingly
- Directly/indirectly responsible for the timely and accurate resolution of complex vendor and customer (internal and external) matters with a sense of urgency
- This role will manage, balance, optimize, and influence DPO.
- Manage maintenance of the master authorized vendor list integrity by reviewing legitimacy, government reporting and sanction compliance, and payment terms and methods
- Oversee processing of high volumes of detailed, unique, time-sensitive invoices from multiple locations and functions with a high degree of accuracy; champion collaboration with respective teams to resolve pricing, receiving, payment, and other payables issues.
- Review and process (as a backup) regular and special payment runs, ensuring that payments are correctly assigned, approved, and supported
- Perform various month-end closing duties: including approving and making manual journal entries, approving and reconciling GL accounts, and analyze and review complex AP related account analysis for month end.
- Manage the administration of robust company PNC P-card program (with vendors and employees), and identifying, evaluate, and leverage opportunities to expand the program.
- Identify and direct process, internal control, cost savings, and financial performance improvements
- Resolve technical PeopleSoft problems with staff and IT department
- Manage federal 1099 reporting
- Monitor payments and maximize working capital opportunities
- Ensure transactions follow generally accepted accounting principles
- Generate monthly and quarterly accounting reports for distribution to internal and parent-company parties
- Ensure adequate segregation of duties in areas of supervision.
- Complete and oversee completion of various annual governmental reporting
- Manage BAC-AP side of annual SOX testing requests
TheAccounting Supervisor- Accounts Payable will report to the Accounting Manager. As part of the Finance Department, the Accounting Supervisor- Accounts Payable will have interaction with various groups within the business including Credit, Customer Service, IT, etc. This role is also responsible for working with all employees, multiple departments, BAC North American plant personnel, as well as Amsted. The position will have 2 direct reports in the Finance department.
KNOWLEDGE & SKILLS
- Bachelor's Degree in Accounting or related required
- 5+ years accounting experience
- Solid accounting, finance, and internal controls background and knowledge
- Proficient in accounting and ERP software programs
- Working knowledge of general finance, banking, terms and conditions, and legal terminology
- Strong analytical ability and critical thinking skills
- Detail oriented
- Excellent customer service and communication skills
- Ability to manage multiple tasks and projects to meet specific deadlines
- Eagerness to learn and assume responsibility without excessive supervision
- Treasury experience is a plus
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)