Accounts Payable & Receivable Manager

Platinum Resources
Chelmsford, Essex
16 Jun 2017
16 Jul 2017
Contract Type
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.