AP/AR Manager - 12 Month Contract

Job Title: AP/AR Manager - 12 Month Contract
Contract Type: Contract
Location: Wymondham, Norfolk
Salary: Negotiable
Start Date: ASAP
Reference: 4115253_1637937551
Contact Name: William Plom
Contact Email:
Job Published: November 26, 2021 14:39

Job Description

Your new company
Hays are recruiting for a highly reputable international brand and are seeking an experienced AP & AR Manager to head up a well established team. This company is seeing significant growth and is in a very exciting period in their history. This is an opportunity to join a team and make a positive impact.

Your new role
The main function of the role is to be the linchpin between transactional finance and the wider business. It drives the team to ensure the integrity of financial information and to achieve KPI's. You will contribute to continuous process improvement and the development of customer and supplier relationships.

Role Objectives

  • Proactive target-based management and development of 9-person team covering UK and US AR & AP setting and monitoring targets.
  • Maintenance and improvement of control and daily tasks for AP and AR areas: review of payments, journal approval, balance sheet reconciliations, group reporting etc, month end closure and reopening.
  • Responsible for completeness, existence and accuracy of input in both AP and AR.
  • Management and escalation of issues arising from AR and AP areas and for liaison with other parts of the business.
  • Continuous improvement in AR and AP areas of policies, procedures and systems including SAP implementation (Jan 22).
  • Owner of ad hoc projects: automation of AP in Q2 & Q3 2022.

Accounts receivable specific:

  • Authorise all vehicle invoices raised by the AR team by checking the order forms, order confirmations, and price lists before signing off on final invoices.
  • Regularly review all accounts particularly those on STOP or restriction status making appropriate recommendations on actions to be taken.
  • Manage the monthly AR cash book reconciliations against the cash forecasts, produce the weekly debtors reports and provide support to Treasury for cash flow forecasting.
  • Set monthly cash collection targets for the team on all debtors and manage the team's performance.
  • Manage and review the credit control policy and new customer set up procedures.
  • Produce weekly reports for the AR team.
  • Oversee the processing of external financing by team members within the agreed timescales against the cash forecasts.
  • Oversee the weekly credit limit reports issued to the business
  • Authorise the monthly direct Debit Payment Runs.
  • Process Letters of Credit presentations to banks
  • Review the monthly general and specific bad debt provisions.

Accounts payable specific:

  • Working with the AP Team Leader to set and monitor priorities whilst maintaining high standards of accuracy & quality
  • Using analysis reduce number of unapproved invoices, supporting the Purchasing Team to improve supplier relationships and payment terms.
  • Monitor supplier statement reconciliation frequency and accuracy.
  • Issue biweekly aged creditors report downloads/macros to the AP team.
  • Review payments on account and proforma payments.
  • With the AP Team Leader, support any supplier communications required to improve cash flow.

The AP/AR Manager will manage a high performing team to KPIs, identifying the issues that need escalating and improvements to be made. They will then action these in the wider organisation dealing with senior management, sales and purchasing teams and effecting change. They will be approachable but firm and proactive in arriving at solutions to new ways of working and questioning current ways of working.

This is a full time role working 38.25 hours a week between Monday and Friday.

What you'll need to succeed
You will have strong previous experience in finance management and have excellent knowledge of the AP, AR and Credit Control functions. You must have strong IT skills including advanced Excel and experience of working with ERP systems (SAP preferable). You will have excellent written and verbal communications and negotiation skills with a collaborative and continuous improvement approach. You must have experience of working in a demanding and changing environment with high volume/value of transactions.

Ideally you will also hold a recognised accounting qualification such as CIMA, ACCA, AAT or CICM.

What you'll get in return
You will receive a competitive salary, 25 days holiday + bank holidays, free on site parking and a range of additional benefits.

What you need to do now
If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.
If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.

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