AP Business Process Owner

AP Business Process Owner

Requirements

• Bachelor’s Degree or higher in Finance or Accounting obtained at a college or university.
• 4+ years of experience in finance or accounts payable.
• Proficiency in English language required.
• Professional knowledge of the AP module and integrated financial software packages (consulting level).
• Understanding of financial and fiscal requirements.
• Knowledge of Systems Technology Awareness (esp. Knowledge of their Functional Track & related Oracle Application) expertise.
• Microsoft: Outlook, Excel, Word, etc.
• Business Controls and Compliance expertise.
• Previous leadership, people & performance management skills.
• Excellent written/oral communication skills and ability to build effective working relationships.
• Familiarity with Business and Strategic Awareness.
• Self-confidence, learning orientation, out-of-the-box thinking, judgment, initiative are needed in position.
• Professionalism, collaboration, customer focus, results orientation, good problem-solving skills and attention to detail are essential.

Responsibilities

• Lead the North American Accounts Payable (AP) department, overseeing day-to-day operations to ensure timely processing of invoices & payments.
• Manage a global accounts payable team, delivering support across multiple countries and time zones (USA, Canada, Hungary), while driving efficient and effective end-to-end processes.
• Provide leadership, training, and performance management for the AP team to foster a high-performing and motivated workplace.
• Develop and implement best practices, policies, and procedures, to optimize AP processes and improve efficiency.
• Ensure accurate accounts payable forecasting and reporting by analyzing financial data and payment schedules to support effective cash management.
• Manage regional compliance with financial regulations, leading internal & external audits, and ensure adherence to SOX requirements.
• Oversee month-end and year-end AP closing processes, ensuring proper reconciliation & reporting.
• Utilize AP automation tools and Oracle system to enhance operational effectiveness and reporting capabilities.
• Work closely with cross-functional departments, including Procurement, Finance, & Treasury to resolve vendor issues and ensure accuracy of financial data.
• Analyze key AP metrics and generate reports for senior management to drive strategic decision-making.
• Stay up to date with industry trends and North American regulatory changes affecting accounts payable operations.

Preferred Qualifications

No preferred qualifications provided.