Accounts Receivable & Accounts Payable Manager

Socomec Group (Socomec) is a global leader in electrical equipment engineering and manufacturing, specialized in low voltage energy performance.

Socomec North America (NAM) is Socomec’s organization overseeing all operations in North America.

The AR & AP Manager is responsible for overseeing all activities related to accounts receivable and accounts payable operations. This position ensures the company’s cash flow is managed optimally, vendor and customer relationships are nurtured with professionalism, and financial transactions are recorded accurately and efficiently. The AR & AP Manager leads a dedicated team, implements best practices, ensures compliance with policies and regulations, and contributes to the organization’s broader financial strategies.

Key Responsibilities And Accountabilities

Accounts Receivable (AR) Management

• Oversee the entire AR process, including invoicing, cash application, credit management, and collections.
• Monitor aging reports, identify overdue accounts, and implement effective collection strategies to minimize delinquencies and bad debt.
• Coordinate with the sales and customer service teams to resolve billing discrepancies and disputes.
• Evaluate and approve credit limits for new and existing customers, ensuring adherence to company policies and risk mitigation standards.
• Reconcile AR subledger to the general ledger and ensure timely posting of all transactions.
  
  

Accounts Payable (AP) Management

• Oversee the AP cycle, including invoice processing, payment runs, vendor reconciliations, and expense report approvals.
• Maintain strong relationships with vendors by ensuring timely and accurate payments, and resolving any issues or discrepancies efficiently.
• Review and authorize payments, ensuring compliance with internal controls and approval matrices.
• Manage the AP subledger, ensuring accurate recording and posting of all transactions to the general ledger.
• Negotiate payment terms, early payment discounts, and manage cash outflows to support company liquidity.
  
  

Process Improvement & Automation

• Evaluate and enhance AR/AP processes for greater efficiency, accuracy, and scalability.
• Collaborate with IT and finance leadership to implement automation tools and ERP systems upgrades.
• Stay current on industry best practices and recommend process changes to improve departmental performance and reduce manual workloads.
  
  

Compliance & Internal Controls

• Ensure all financial operations adhere to corporate policies, accounting regulations, GAAP/IFRS standards, and audit requirements.
• Maintain and update internal controls for AR/AP processes, and lead periodic audits to ensure compliance and integrity of records.
• Prepare and submit required reports for internal and external audits, regulatory filings, and management reviews.
  
  

Reporting & Analysis

• Prepare and analyse weekly, monthly, and quarterly AR/AP reports, highlighting key trends, KPIs, and areas for improvement.
• Provide cash flow forecasts, DSO (Days Sales Outstanding), DPO (Days Payable Outstanding), and other relevant metrics to senior management.
• Participate in month-end and year-end closing processes, ensuring the timely completion and accuracy of all related tasks.
  
  

Stakeholder Collaboration

• Serve as the primary liaison between the AR/AP department and other finance/business/operations teams
• Address inquiries from internal and external stakeholders with timely answers and solutions.
  
  

Team Management

• Lead, motivate, and develop a diverse team of AR/AP professionals, fostering a collaborative and high-performance culture.
• Effectively manage team members working both on-site and remotely, ensuring clear communication, alignment of goals, and equitable workload distribution.
• Foster a culture aligned with Socomec values, emphasizing accountability, teamwork, and continuous learning.
  
  

Essential Qualifications, Experience, And Skills

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Minimum of 7 years’ experience in accounts receivable and accounts payable functions, with at least 2 years in a supervisory or managerial capacity.
• Strong understanding of financial statements, GAAP/IFRS, and internal controls.
• Familiarity with multinational operations, foreign currency transactions, and intercompany reconciliations.
• Excellent analytical, organizational, and problem-solving skills.
• Leadership: Ability to motivate and guide teams, drive performance, and cultivate a positive workplace culture.
• Detail Orientation: Commitment to accuracy, thoroughness, and quality in all financial processes.
• Strategic Thinking: Capacity to see the “big picture,” anticipate trends, and contribute to long-term business goals.
• Communication: Clear, persuasive, and professional communication with both internal and external stakeholders.
• Adaptability: Flexibility to manage change, ambiguity, and new challenges in a fast-paced environment.
  
  

Upon request, we will provide reasonable accommodation for disabilities to support participation of candidates in all aspects of the recruitment process. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex or national origin.

We thank all those who apply. However, only those candidates selected for an interview will be contacted.