Accounts Payable Director

4 weeks ago


New York, New York, United States Akam Associates Inc Full time
Job Title: Accounts Payable Manager

About the Company:

Akam Associates Inc is a leading provider of financial services and solutions to condominiums, cooperatives, homeowners associations, and investment properties. With a strong commitment to innovation, collaboration, and customer satisfaction, we strive to deliver exceptional results and value to our clients.

Job Summary:

We are seeking an experienced Accounts Payable Manager to join our team. The successful candidate will have a strong background in managing large AP teams and outsourced functions, with a proven track record of driving efficiency, maintaining compliance, and leading high-performing teams.

Key Responsibilities:

  • AP Leadership & Strategy:
    • Lead, mentor, and manage a team of 12-14 AP professionals, ensuring alignment with organizational goals.
    • Oversee the performance of an outsourced AP team, ensuring SLAs are met and compliance standards are upheld.
    • Drive continuous improvement in AP processes, ensuring high levels of accuracy, efficiency, and internal control.
    • Develop and implement policies and procedures to ensure proper financial controls and compliance with company guidelines.
  • Systems Expertise:
    • Manage the AP function using BJ Murray, Yardi, Avid, and other key AP systems.
    • Oversee system implementations and upgrades, ensuring they meet business needs.
    • Leverage AP technology to drive automation and streamline processes.
  • Vendor Management:
    • Develop and maintain strong relationships with vendors to ensure timely payments and resolve any payment issues.
    • Oversee the reconciliation of vendor statements and ensure proper reporting and analysis.
  • Financial Reporting & Compliance:
    • Ensure timely and accurate recording of all accounts payable transactions.
    • Oversee month-end and year-end closing processes related to AP, including 1099, accruals, journal entries, and account reconciliations.
    • Monitor and report on key performance metrics for the AP department.
    • Ensure compliance with all regulatory requirements, tax filings, and internal controls.
  • Cross-functional Collaboration:
    • Work closely with Management, Finance, and Treasury teams to ensure smooth end-to-end processes.
    • Collaborate with internal and external auditors during audits and compliance reviews.

Qualifications:

The ideal candidate will have a Bachelor's degree in accounting, finance, business administration, or a related field, with 10+ years of progressive AP experience, including at least 3-5 years in a managerial role. They will have extensive experience with Avid and other AP systems, as well as a proven track record of managing large, high-volume AP teams, including outsourced teams.

Preferred Qualifications:

Experience in real estate, property management, or a related industry, as well as experience leading AP system integrations and process improvements, are highly desirable.

Benefits:

  • Competitive salary and performance-based bonuses.
  • Comprehensive health, dental, and vision insurance.
  • Retirement savings plan with company match.
  • Opportunities for professional development and career advancement.


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