Manager, AP/AR
2 weeks ago
Work Schedule
Standard (Mon-Fri)
Environmental Conditions
Office
Job Description
Position Summary:Thermo Fisher Scientific Inc. is seeking a Manager, AP/AR to lead a team in the Order to Cash function. Ensure timely payment application, meet AR targets, and maintain low levels of unapplied cash. Contribute to a world-class team dedicated to financial excellence and operational efficiency.
Responsibilities:- Set performance goals, prioritize activities, and ensure timely resolution of credit decisions and collection issues while leading employees and teams.
- Support the talent development strategy within the function through regular 1-1s and skip level discussions.
- Responsible for setting targets and monitoring operational performance against critical metrics for the direct team in order to generate accurate forecasts.
- Effectively work with the Treasury team to ensure smooth operation of bank accounts.
- Deliver clear and pro-active communication and business partnering with support business divisions and key global partners (e.g., OtC Credit & Collections teams, Accounting teams, Treasury, etc.).
- Champion continuous improvement methodology across the teams to drive ideation and execution, creating lean processes and standardization.
- Ensure the performance of all tasks is carried out in line with company policies, internal controls, and Sarbanes-Oxley requirements.
- Align with equal employment opportunity laws, regulations, and company policies related to discrimination in hiring, performance management, promotion, and compensation, including sexual harassment.
- Collaborate with OtC GPO organization, IT, and cash application software supplier when necessary to address any system-related issues.
- Collaborate effectively with Internal and External Audit teams to ensure timely and accurate completion of testing procedures.
- Deputize for Senior Manager where required.
- Undertake other projects and responsibilities as assigned.
- Exceptional leadership skills, ability to inspire and motivate team members, develop and mentor teams, set clear expectations, and provide guidance and support.
- Proficient communication skills at a senior level.
- Strong problem-solving and analytical skills.
- Superior organizational skills to prioritize tasks and projects and adhere to set timelines.
- Flexibility and adaptability to changing business needs and priorities.
- Excellent attention to detail to ensure accuracy in cash application, documentation, and reporting.
- Advanced knowledge of accounting principles.
- Proven track record of excellent judgment and decision-making ability.
- Demonstrated diplomacy, integrity, and ethical standards.
- Qualifications and experience:
- Fluent in English.
- University or College degree in credit management/accounting, or equivalent professional qualification is an advantage.
- Functional process expertise of OTC.
- Previous experience in a leadership position in a fast-paced accounts receivable environment is required.
- SME system knowledge in multiple ERPs (example: Oracle E1, SAP) and collection software (CForia) is essential to perform this role effectively and efficiently.
- Excellent digital literacy and knowledge of the Microsoft Office software is required (Outlook, Excel, PowerPoint, etc.).
- Qualifications and experience:
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