Accounts Payable Manager

Bancroft is hiring an Accounts Payable Manager

We're looking for an experienced accounting professional to lead our Accounts Payable team and help ensure accurate, timely, and efficient financial operations. In this role, you'll oversee AP activities, expense and cash accounting, financial reporting, and the analysis of financial data while ensuring compliance with company policies and applicable regulations.

You'll also supervise and support accounting staff, provide excellent internal customer service, and identify opportunities to improve AP processes and overall efficiency.

Location: Cherry Hill, NJ
Salary: $78,000-$105,000

Manage the daily operations of Accounts Payable and Procurement, ensuring accurate and timely vendor payments in accordance with company policies and contracts.
• Supervise the processing of invoices, check requests, expense reimbursements, purchase orders, and vendor payments.
• Oversee purchase card and corporate credit card programs, including administration, coding, reconciliation, and compliance with company policies.
• Partner with Procurement and internal departments to resolve invoice, purchase order, contract, and payment issues.
• Maintain strong relationships with vendors, department leaders, and internal stakeholders to ensure timely resolution of payment and procurement issues.
• Oversee the month-end AP closing process, including journal entries, reconciliations, workpapers, and AP reporting.
• Manage the preparation and timely filing of 1099 forms.
• Monitor and improve AP and Procurement processes, systems, and workflows to increase efficiency, accuracy, and cost-effectiveness.
• Maintain accurate AP and Procurement records and provide documentation and support during internal and external audits.
• Lead and support AP automation and process improvement initiatives, including contract automation, invoice workflows, and system enhancements.
• Manage ASC 842 lease responsibilities, including monthly rent payments and communication with landlords and other third parties.
• Develop and monitor department metrics and reporting, partnering with system administrators to maintain dashboards and reports.
• Supervise, coach, and develop Accounts Payable staff, including performance management and ongoing training.
• Collaborate with internal teams to ensure accurate data, effective workflows, and timely completion of departmental goals.
• Ensure compliance with applicable policies, procedures, regulatory requirements, and organizational standards.
• Perform other duties and special projects as assigned.

BS in Accounting or related discipline required with a minimum of ten years of experience in the Accounts Payable and/or Procurement field. Minimum of five years of supervisory/management experience required.

Special Skills:

A solid knowledge base of Accounts Payable and Procurement issues, financial recordkeeping procedures, laws, regulations and standards, particularly as they relate to healthcare enterprises required. Proven ability to develop and implement effective fiscal management policies and financial controls, as well as proven ability to interpret audit information and to institute financial policy, procedure and/or operational corrections and modifications required. Effective communication, interpersonal skills, presentation, project management and organizational skills required. Effective and proven leadership and management skills required, as well as flexibility and adaptability.

Bancroft stands strong against racism and hate of all kinds and supports actions leading to respect, equality, fairness and peace. We advocate for and embrace an inclusive and just world. One world. For everyone. We work with heart, respect and collaboration. We are communicators, listeners, problem solvers, partners and collaborators. Bring your authentic self to our team.