Accounts Payable & Receivable Manager

Recruiter
Platinum Resources
Location
Chelmsford, Essex
Salary
30000.0000
Posted
16 Jun 2017
Closes
16 Jul 2017
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time

Expanding, innovative Engineering Group is currently looking for an Accounts Payable & Receivable Manager to manage a team of 5 and ensure best practice within the AP, AR and Cash Management functions.

This is a newly-created role as a result of the Group’s continued growth and the introduction of a new UK Head Office finance structure.

Reporting directly to the Financial Controller, the Accounts Payable & Receivable Manager will be responsible for:

  • Daily AP and AR invoice and credit note approvals.
  • Reviewing and approving the weekly payment runs.
  • Providing financial support to a regional branch ranging from processing invoices, dealing with queries, raising payments and preparing journals to consolidating monthly figures.
  • Processing the operational payroll, operational expenses and all other operational invoices relating to an offshore subsidiary.

Additional responsibilities for the Accounts Payable & Receivable Manager include:

  • Ensure ledger balances for the offshore subsidiary company are reconciled monthly and carry out the reconciliation of their Management Accounts.
  • Perform quarterly bad debt reviews.
  • Assist in ensuring overhead accruals and prepayment adjustments are accounted for fully and accurately in all group companies.
  • Prepare group VAT returns / EC sales and Intrastat.

The Accounts Payable & Receivable Manager will also:

  • Identify and review credit notes > $50k to ensure SOX process has been followed.
  • Prepare balance sheet reconciliations as allocated for review.
  • Assist in Sarbanes-Oxley internal/external audits as and when required.
  • Assist in quarterly and annual audits as and when required.

As part of the new finance structure, the Accounts Payable & Receivable Manager will need to mould the team from 2 formerly separate divisions which will require standardisation of processes and systems and team development/motivation. Prior experience of a similar exercise or change management exposure would stand you in good stead.

Suitable applicants for the role should also have:

  • Proven experience of leading an AP/AR team within a blue-chip/corporate environment
  • Strong cashflow management and forecasting experience
  • Strong VAT knowledge with the ability to grasp international VAT arrangements
  • Experience of compliance within a best practice environment

This is an excellent opportunity to take on an integral role within a forward-looking and ambitious organisation.