AR and AP Manager

Description:

Accounts Receivable and Payables Manager - West London

£64,000 - £67,000 pa + 14-18% bonus per year + impressive corporate benefits package

Hybrid working - 3 days in the office, 2 at home

Our client is a highly established luxury brand who are exceptionally proud of their achievements and awards to date. Following an internal transfer, a new and rare opportunity has arisen to join this established business within their polished corporate team. This is truly a unique role, where you can immediately add value and work with a highly engaging, collaborative team who are exceptionally proud of their careers to date.

Essentials:

Technical capability across both areas of Accounts Receivable and Accounts Payable from a Corporate environment - Self-sufficiency is essential.

Experience in driving change, managing processes and ownership of function with 5 direct reports within AP/AR
With a new systems upgrade, significant systems experience within a scaling up business whilst maintain BAU will be hugely advantageous - SAP or Oracle will be highly advantageousYou will be responsible for maintaining effective systems of credit management to limit risk, reduce overdue debt and ensure speedy resolution of queries. To contribute to the sales / operations management team by determining credit strategy and procedures.

Key Responsibilities for the successful AR and AP Manager

Hands-on management of the team, to motivate, coach and develop the team
To implement, monitor and follow up on KPI's across both AR and AP functions to ensure that both teams minimise aging on their respective ledgers
Ensure decision making on order release is consistent and compliant with internal guidelines
Implementation and maintenance of a set of comprehensive credit risk policies, procedures and controls
Oversee month end procedures to ensure that all statements/debt letters are issued on time and accurately
Oversee / review all insolvency and legal action
Optimise net working capital cycle
Monthly forecasting of KPIs AR and AP ledgers
Forecast ownership of revenue cash inflow / outflow and analysis of actual cash inflow vs forecast
Review integrity of Customer Master data and ensure timely credit assessment of all customers Team Leadership:

Lead, motivate, coach, and develop the team by setting priorities aligned to game game-plan objectives
Ensure timely performance reviews and development plans are in place for each member in line with HR guidelines
Develop team capability to deliver improved support to the business and look to streamline processes where possible
Foster a continuous improvement mindset
Ensure optimal team structure, enabling delivery against changing business needs Change Management:

Lead projects to drive process efficiency across both ledgers
Support company-wide initiatives which impact processes within AP & AR Experience Required for the successful AR and AP Manager:

Proven and substantial experience in an AR/AP leadership within luxury brand / FMCG / Manufacturing / Retail
In-depth knowledge of Excel as well as AP and AR procedures
Proven track record improving collections and DSO
Familiarity in all aspects of debt recovery including litigation
Excellent communication skills
Corporate environment and strict deadline within a fast-paced environment
Innovative problem solver and facilitator of change
Cross functional stakeholder managementThis is an exceptional opportunity to join a leading International business, as their AR and AP Manager, where you will be rewarded with a superb working culture, stability and the opportunity to make a difference.

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