Welch's
  • Finance
  • Concord, MA, USA
  • Full Time

We're Welch's.  You may know us for the great tasting juice and jelly you had as a kid, but we're so much more.  We're a co-operative, owned by farmers and this is at the heart of what we do.  We constantly strive for innovative and collaborative ways to approach our work and our customers.  We value passion:  passion for our grapes, our brand and our people.  We're honest and real with a shared purpose.  And we're building a team that's playing to win and daring to try new things. 

We're looking for an Accounts Payable and Receivable Manager to lead the Accounts Receivable (AR) and Account Payable (AP) functions including Customer Credit and Collections, Cash Management, Supplier Set up / Maintenance and the timely and accurate payment of properly approved corporate and plant expenditures in conjunction with company policy.

Job Responsibilities:

  • Work cross functionally with all levels of Management team
  • Teamwork, communications, interpersonal skills and conflict management
  • Train, develop, and supervise Accounts Receivable and Accounts Payable team
  • Participate and lead continuous improvement projects
  • Prepare general ledger

Accounts Receivable

  • Sets and communicates the objectives and goals for the Accounts Receivable team. Hires, develops and mentors team members.
  • Responsible for the management of all domestic and international credit and collection activities including but not necessarily limited to:
    • Reviewing and approving new customer requests and establishing appropriate credit limits, monitoring and adjusting credit limits on existing customers.
    • Managing bad debt by performing collections of past due accounts and maintaining relationships with outside collection agencies.
    • Reviewing orders on hold with Customer Service and Sales Management.
  • Oversees the customer deduction / disposition process while generating and publishing periodic reporting of deduction balances by territory, customer and sales personnel.
  • Works with field sales and brokers to streamline the deduction process.
  • Oversees the Company's daily cash management function, which entails balancing the company's daily net cash position while assessing its short term borrowing needs.
  • Oversees the customer cash application process, the automated processing of lockboxes and the setup of deductions in Oracle.
  • Liaises with internal audit function to support quarterly trade and other periodic audits; Work's closely with Corporate Accounting and external auditors to provide accurate and timely supporting documents during the Company's year-end financial statement audit as well as other routine compliance related audits.
  • Manage the monthly and year end closing activities associated with Accounts Receivable (Oracle module closing, balance sheet reconciliations, preparation and distribution of key financial reports, etc.); work closely with Finance and Sales Management to improve DSO / Working Capital / Liquidity Ratios.
  • Oversee monthly broker commission process.

 

Accounts Payable

  • Sets and communicates the objectives and goals for the Accounts Payable team. Hires, develops and mentors team members.
  • Responsible for the timely and accurate processing / disbursement of all corporate and plant related expenditures in accordance with the Company's Schedule of Executive Approvals (SEA).
  • Assist / support team as necessary to minimize backlog of unprocessed invoices.
  • Support internal customers and suppliers by providing timely disposition of all relevant inquiries.
  • Work with internal customers to minimize bottlenecks in the broader procure to pay process. This includes providing ongoing training and education of the Company's purchase order process and SEA.
  • Responsible for compliance with IRS and State reporting requirements (1099, container redemption, etc.).
  • Responsible for the maintenance and communication of all AP related policies, including, but not necessarily limited to, Travel and Entertainment, Petty Cash Reimbursement, Invoice Handling and SEA guidelines as they apply to Accounts Payable.
  • Manage the monthly and year end closing activities associated with Accounts Payable (Oracle module closing, balance sheet reconciliations, preparation and distribution of key financial reports, key performance indicators, etc.); work closely with Finance and Supply Chain Management to improved DPO / Working Capital / Liquidity Ratios.
  • Liaises with internal audit function to support periodic audits; Work's closely Corporate Accounting and external auditors to provide accurate and timely supporting documents during the Company's year-end financial statement audit as well as other routine compliance related audits.
  • Administration of Corporate AMEX Credit Card Program.

 

Minimum Qualifications:

  • 8-10 years of credit management experience (consumer product experience preferred)
  • 8-10 Years of account payable experience
  • Oracle 11i (11.5.10) preferred
  • MS Applications - Excel, Word and PowerPoint
  • BS/BA preferred

 

Welch's
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