Accounts Payable Manager

LAPP is a family-owned company headquartered in Stuttgart and a global leader in cable and connection technology. Founded in 1959, we are still fully family-owned today. With around 5,800 employees, we are operating in over 80 countries – globally connected and regionally rooted. Working at LAPP means more: this is where inventive spirit and a hands-on mentality meet cherished values and tradition. We offer all employees the freedom to develop and pursue new opportunities. Flexibility and personal responsibility are just as important to us as a family-friendly work environment. We value all our colleagues with their talents, ideas and perspectives.

Summary: Under the general direction of the Accounting Manager, the AP Manager is responsible for the processing and correct payment of vendor invoices. The responsibilities include verification of proper payment authorizations, general ledger classifications, identification of available payment discounts, proper recordkeeping, recommendations for process improvement, investigations and supporting schedules and documentation as needed. Fortified with the knowledge gained from these activities, the AP Manager may be called upon to assist with special projects as requested.

Essential Duties and Responsibilities – include the following. Other duties may be assigned.

• Supervise Accounts Payable staff which includes training, assigning and review of work.

• Work with receiver/purchase order procedures and identify cost savings opportunities for the company.

• GR/IR analysis, verification of three-way match for MM invoices in SAP. Coordinate with purchasing & receiving departments in resolving discrepancies and claims with suppliers

• Enter and post invoices via Seeburger and prepare estimates of expenditures.

• Prepare estimates for accruals

• Process all cash disbursements in a timely manner.

• Responsible for maintaining vendor relationships and file maintenance.

• Determines proper handling and approval of financial transactions within designated limits.

• Monitors compliance with generally accepted accounting principles & IFRS and company procedures.

• Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.

• Expected to define, analyze and report KPI's and metrics to evaluate success and inform decision making

• Vendor master data creation, maintenance of proper documentation

• SEEBURGER approve user onboarding, approved authorization matrix, template management for changes to GL classifications

• Credit card usage compliance, reconciliation, gathering necessary approvals, payment processing.

• Reconciles statements from foreign and domestic vendors.

• Environmental reporting - electrical usage for quality department

• Sales & use tax compliance.

• Cross-department coordination of insurance documentation, certificates of insurance requests

• Responsible for W-9, 1099, and ST-3 Forms.

Supervisory Responsibilities: Directly supervises all employees on the Accounts Payable team. Carries out supervisory responsibilities in accordance with the organization's policies and applicable law. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems. Work to identify and develop core competencies of Accounts Payable team to ensure success.

Competencies

• Understands business implications of decisions.

• Demonstrates excellent interpersonal skills, strong work ethic, and a positive attitude.

• Adapts to changes in the work environment; Manages competing demands.

• Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully.

• Proven technical experience and background and ability to continuously build upon knowledge and skills to stay current with regulatory changes and issues that may affect the company.

• Demonstrates group presentation skills at the highest level; Presents data effectively; Writes clearly and informatively.

• Inspires and motivates others to perform well; effectively influences actions and opinions of others.

• Displays willingness to make decisions; Exhibits sound and accurate judgment.

• Looks for ways to improve quality; Applies feedback to improve performance.

QUALIFICATIONS AND EDUCATION REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor's degree in accounting or finance or equivalent

• Minimum of 3 years of meaningful, related experience.

LANGUAGE SKILLS

• Demonstrates excellent oral and written communication skills.

• Ability to read, analyze, and interpret common financial reports and legal documents.

• Ability to respond to common inquiries or complaints from regulatory agencies, or members of the business community.

• Ability to effectively present information to all levels of management and staff.

MATHEMATICAL SKILLS: Ability to work with mathematical concepts, financial ratios, and business equations. Possess strong analytical skills.

REASONING ABILITY: Ability to define problems, collect data, establish facts, and draw valid conclusions.

COMPUTER SKILLS: To perform this job successfully, an individual should have knowledge of web based software and web content management, SAP Database software, Excel, Word, and Power Point.

TRAVEL REQUIREMENTS: None

WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is occasionally exposed to moving mechanical parts. The noise level in the work environment is usually moderate.

PHYSICAL DEMANDS: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is frequently required to walk. The employee is occasionally required to stand and reach with hands and arms. Specific vision abilities required by this job include close vision, and distance vision.

*LAPP is an Equal Opportunity Employer*

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.