Director of AP/AR

Job Description

Position Summary:

Director of Accounts Payable (AP) & Accounts Receivable (AR) will contribute to the company’s success by driving compliant, accurate, timely and consistent processes allowing for efficient, and accurate cash planning and disbursements to and from its Distributors. Responsibilities include balancing day-to-day management of the AP & AR workflows, overseeing AP/AR staff, and continuous review and enhancement of process, functions, and capabilities to improve cash flow and ensure excellent service. The ideal candidate will have AP managerial experience of a company that imports wine/spirits from an international supplier base. This role is responsible for the AP & AR functions across Freixenet Mionetto USA and sister-company California winery, Gloria Ferrer.

Responsibilities:

Ensure on time and accurate payment of invoices and professional response to vendor payment inquiries

Carry out reconciliation, payment, and dispute resolution with distributors

Proactively identify key trends and variances impacting cash flow, clean books, and vendor service

Continually review payment planning and forecasting to improve cash position, efficiency metrics, financial ratios; including establishing staff responsibilities, payment parameters, and setting measurable goals

Effectively drive a culture of collaboration, accountability, and vendor service

Direct management of 3 team members, including interviewing, hiring and termination, performance management, coaching, and mentoring

Provide guidance to the team with technical assistance on systems, and support staff with complex problem solving and troubleshooting.

Audit work of the team to maintain efficiency and accuracy

Alert executive management to irregularities, trends, and areas of concern with supplier payments, AR agings and cash flow

Identify borrowing requirements if necessary; propose and implement treasury solutions

Maintain accurate vendor master data, annual customer credit limit reviews, and credit applications

Internal loan & interest management

Run, review, and analyze department reporting systems and provide assessment and feedback of current Key Performance Indicator (KPI) outcomes for the department to staff, and senior leadership

Ensure proper coding procedures are set and executed for invoices and ensure US GAAP accounting is followed

Maintain financial information for historical purposes and in accordance with company policies. This includes invoices, documentation, bank information, W9s etc.

Create Standard Operating Procedures and training manuals for payables & receivables functions

Manage, prepare and file annual 1099s timely.

Lead month-end close review and completion for payables & receivables tasks

Support in external audits

Ad hoc projects as needed

Competencies:

Passionate, team player, eager to learn and grow

Business Acumen

Business partnering

Accurate and strong attention to detail and ability to multi-task

Ability to work independently and with others

Process improvement/simplification mindset

Solutions oriented

Financial Analysis Skills

Results Driven/Initiative

Presentation Skills

Organizational & Time Management Skills

Required Education and Experience:

BA/BS degree

Required experience 10+ years in Accounting/AP/AR; Beverage Alcohol Industry is a plus

SAP experience preferred

Knowledge of Concur Invoice is a plus

Ability to work well with leadership and across multiple departments

organizational/project management skills

communication skills and written skills

in Microsoft Excel, PowerPoint, and Word

Compensation & Benefits:

Base salary range: $110,000/yr.- $135,000/yr. exact compensation may vary based on skills and experience.

Medical, Dental, Vision plans

Matching 401(k)

Generous PTO (Paid Time Off)

Short and long-term disability

Employee Wine Allowance

Many more...

Freixenet Mionetto USA is an Equal Employment Opportunity Employer.

Freixenet Mionetto USA, the US subsidiary of Henkell Freixenet, offers a comprehensive portfolio of premium, iconic sparkling wine brands from renowned producers around the world. Led by quality and innovation, the company ranks in the top six sparkling wine companies in the US and is #1 globally.