NGK Spark Plugs

  • Job Locations US-MI-Wixom
    Job Title
    MI-Accounts Receivable/Payable Manager
    Job ID
    Regular Full-Time
  • Responsibilities

    Essential Duties:

    • Manage, guide and train Accounts Receivable (AR) and Accounts Payable (AP) team members and all the functions associated.
    • Safeguard company assets and ensure compliance with US GAAP, IFRS, Sarbanes-Oxley and Company polies and procedures
    • Responsible for any special projects that are assigned by the management.
    • Adhere to all company policies and procedures and, if applicable, all company policies relating to IATF16949 and ISO14000.


     Accounts Receivable

    • Oversee all functions and workload associated with the Accounts Receivables function.
    • Ensure robust Accounts Receivable controls are in place.
    • Review customer/industry information/trends for reduction of bad debt experiences.
    • Define and implement credit policy and collection procedures.
    • Initiate the collection process through resolution as necessary.
    • Enforce credit approval practices.
    • Review accounts for each AR analyst and assist with setting monthly priorities.
    • Negotiate with customer management as needed.
    • Communicate with sales managers concerning credit issues.
    • Ensure collected cash is applied appropriately to customer invoices
    • Generate credit related reports.
    • Prepare month end AR analysis and maintain acceptable level of accounts over 90 days.
    • Ensure all AR accounts are reconciled in an accurate and timely manner.
    • Review requests for new customers and assure that DNB analysis has been documented.
    • Set policy for credit review


     Accounts Payable

    • Oversee all functions and workload associated with the Accounts Payables function.
    • Ensure robust Accounts Payable controls are in place.
    • Ensure that department systems, policies and procedures are in place to safeguard company assets and to prevent fraud.
    • Provide timely and accurate payments to carriers and vendors.
    • Review applicable accounting reports and accounts payable register for accuracy.
    • Develop, implement and maintain systems, policies and procedures, including accounts payable functions adherence to US GAAP, IFRS, Sarbanes-Oxley, and Company guidelines.
    • Provide weekly reporting of staff production, open bills, past due bills, and other reports.
    • Generate monthly reporting of unpaid bills with plans to resolve.
    • Manage AP Aging Statement.
    • Lead dispute resolution team to resolve any issues with vendor bills.
    • Seek proper documentation and proofs of delivery from carriers.
    • Manage Payment status requests.
    • Ensure all AP accounts are reconciled in an accurate and timely manner.


    Academic Skills/Knowledge/Experience:

    • Bachelor’s degree in business, finance, accounting or related field
    • Minimum 7 years of experience in credit analysis and business-to-business collection
    • Minimum of 7 years of experience in payables
      Minimum 5 years of supervisory experience
    • Ability to read/analyze financial statements, calculate risk as it pertains to the extension of credit to new/existing accounts
      Minimum 5 years of ERP experience (SAP preferred) in a medium to large company
    • Excellent analytical skill for the purpose of risk management regarding the industry/customer
    • Excellent oral and written communication/interpersonal skills and organizational skills
    • Detail oriented
    • Strong negotiation skills to resolve customer payment and vendor related issues
    • Excellent interpersonal skills and ability to work as part of team
    • Advanced Microsoft Office skills (Specifically Excel, PowerPoint and Word)


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