This is an opportunity for a passionate Accounts Payable Manager to join the Finance team and supplement our collective efforts to continue to create a best-in-class Finance team of business partners that support LGC’s growth. The role will support purchase accounting and audits. This position will also be the subject matter expert the Finance team will look to for accounting guidance and interpretation relative to treatment and reporting business transactions across LGC Standards entities in the US. In addition to special projects, to help development in areas of operational experience, this position will help assess ongoing internal control gaps and facilitate remediation efforts across departments and entities in the business unit.

Financial Controls & Reporting

• Develop and maintain appropriate accounting processes and internal control mechanisms to ensure integrity of financial statements and protection of company assets.
• Oversight of month end close activities including transaction cutoff and key balance sheet account reconciliations (Accounts Payable, Goods Received Not Invoiced, general liability accruals, payroll accruals (including PTO and bonus)
• Manage end to end Purchase to Pay process alongside key stakeholders in the business, ensuring compliance with Group Procurement policy and enabling the business to procure necessary goods and services to foster growth
  • Ensuring team complies with timely entry of supplier invoices
  • Ensuring management approval is received for purchase orders & non-PO supplier invoices before cash disbursement
  • Oversight of weekly supplier payment runs
  • Ensuring three-way match process in ERP and work with purchasing, receiving and suppliers to resolve issues
• Work closely with supply chain team to develop reporting metrics to monitor and improve efficiencies in existing purchase to pay processes
• Oversee day to day financial operation of the business (transaction processing, controls, reporting, budgeting, forecasting), interacting as required with LGC sites in Germany and USA distributing the company’s products.
  • Purchase to Pay process area to be prioritized as area of need for control implementation
  • Includes ownership of GL for related party transactions/postings
• Full ownership of GL accounting for biweekly payroll runs, including reconciliation of gross to net pay and employee withholding amounts flowing through balance sheet
• Robotic Process Automation (RPA) – prioritize and implement RPA for high volume suppliers to ease transaction burden of supplier invoice entry into ERP
• Oversight of bank reconciliations
• Develop and maintain weekly summary of cash disbursements for cash flow forecasting (including segregation of CAPEX)
• Partner with ERP team to resolve existing transactional issues within Purchase to Pay process which will include ownership of GL Posting Controls for this process area

Forecasting, Analysis & Business Support

• Support annual budget and quarterly forecasting specifically for cost inflation related to procured goods and services (including all raw materials, consumables and third-party goods for resale)
• Provide variance analysis and commentary to explain monthly results versus budget, forecast and prior year, partnering with the commercial and operations organization.
• Support preparation of monthly management accounts pack with local management team

Qualifications & Experience

• 10 Years’ experience of relevant AP experience (Manager level preferred)
• In depth knowledge of accounting principles required
• Experience with ERP and Management Information systems (SAP Business Objects/Tableau) preferred. Strong Excel skills and ability to manage complex data sets required
• Strong interpersonal skills required (written and verbal communications)
• Excellent planning skills and ability to manage multiple priorities and levels of complexity.
• High level of attention to detail, technical and analytical skills, and ability to work to tight deadlines.