Director Of Accounts Payable / Accounts Receivable

Job Description

Director of Accounts Payable/Accounts Receivable (Shared Services)

Who are we hiring?

The Director Shared Services will manage the Accounts Payable and Accounts Receivable processes across all MSG Companies.

What will you do?
• Oversee Accounts Payable teams and process, which includes ensuring invoices, expense reports, and vendor payments are handled accurately and on time, and
• Oversee Accounts Receivable teams and process, which includes billing activities.
• Collaborate with internal account management teams to ensure timeliness of invoicing activities and communication thereof with the Company's customers.
• Seek out opportunities to bring IT automation to the group and processes.
• Identify and implement process improvement activities by automating processes.
• Review Oracle financial reports for variances and providing guidance and assistance to Corporate Accounting staff.
• Work on special projects/respond to ad-hoc requests made by the Vice President, Corporate Accounting.
• Lead team to manage monthly closing of Accounts Payable company-wide, including the preparation of journal entries, provides the rest of the accounting group with month-end accrual information, recurring entries, all in accordance with the monthly closing calendar.
• Lead team to ensures timely payments of expense reports and continually monitors credit limits of corporate credit cards.
• Assist in updates and system conversions for the Accounts Payable system in Oracle.
• Manage payments to increase Days Paid Outstanding (''DPO'') and establish goals for the team to achieve and ensure proper communication to business and treasury to manage cash more effectively.
• Manage cash receipts to decrease Days Sales Outstanding (''DSO'') and establish goals for the team to achieve and ensure proper communication to business and treasury to manage cash more effectively.
• Lead team to ensure they are responsible for oversight of the application of cash.
• Ensure all unapplied transactions, overpayments etc. are appropriately resolved.
• Manage team to oversee the maintenance of ERP subledger and the general ledger ensuring all reconciling items are identified and appropriately resolved.
• Manage team to ensure proper recording of consolidated accounts receivable balances of the Company.
• Review bad debt reserve calculation with Vice President, Corporate Accounting and Sr. Manager of Accounts Receivable and make recommendations and enhancements where necessary and ensure compliance with company policies.
• Ensure team is performing and reviewing various month end close activities while ensuring the accounting records are complete, accurate and recorded on a timely basis.
• Responsible for the oversight of monthly reporting requirements & quarterly and year end disclosure requirements for Concentrations of Risk, Allowance for Doubtful Accounts, and Revenue for the MSG Companies respective Forms 10-Q and 10-Ks.
• Maintain the process narrative, documentation and SOX compliance for billing, cash collection and application, accounts receivable, certain aspects of book close, etc.
• Serve as the final reviewer for certain key controls and timely address any requests from internal and external audit.

What do you need to succeed?
• BS or BA in Accounting/Finance, or equivalent,
• 7+ years of related experience,
• strong knowledge of US GAAP and SOX controls,
• Prior experience supervising a diverse team,
• Advanced proficiency in Microsoft Office required Strong analytical account analysis skills,
• Oracle proficiency strongly preferred,
• Strong understanding of monthly close process,
• Ability to build strong relationships with all customers (internal and external),
• Ability to work both independently to trouble shoot and problem solve,
• Ability to adapt to shifting priorities and open to learning new ways of working,
• Ability to be a reliable team member, capable of effective collaboration to achieve our shared goals across teams, departments, and companies,
• Ability to communicate effectively at all levels of the organization, tailoring the message based on the purpose, audience, and channel,
• Ability to embrace change with a flexible mindset, even if the way forward isn't clear, and
• CPA and Big 4 public accounting strongly preferred

Pay Range

$113,000 - $195,000 USD

Jobcode: Reference SBJ-d8y06q-18-117-100-196-42 in your application.