AP/AR Manager - $12B Food Manufacturer - Downtown Chicago, IL

AP/AR Manager Responsibilities:

• Act as the primary contact for all internal accounts payable and receivable (AP/AR) inquiries from the business team.
• Maintain up-to-date AP/AR aging reports, ensuring timely collections and payments.
• Address and oversee resolution of all AP/AR-related issues promptly through team coordination.
• Ensure full reconciliation of accounts with both vendors and customers.
• Handle intercompany reconciliations and payments involving sister companies and external partners.
• Lead and supervise the AP/AR team to ensure efficient operations.
• Ensure adherence to established payment processes and controls across the team.
• Verify that the accounting system accurately reflects all credit activity and complies with company policy.
• Confirm all supplier advances have the necessary approvals and maintain regular communication with the procurement team.
• Provide mentorship and guidance to members of the AP/AR team.
• Support risk reporting procedures as required.
• Work closely with stakeholders to deliver routine business support for informed decision-making.
• Oversee the AP/AR month-end close process, ensuring timely, accurate financial results and conducting variance analysis.
• Manage and contribute to complex audit and reporting assignments, both internal and external.
• Ensure all activities comply with relevant accounting standards and regulatory requirements.
• Perform additional responsibilities as needed.

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