Hilb Group · 2 days ago
Director of Accounts Payable
Richmond, VA
Full-time
Remote
Director/Executive
7+ years exp
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Responsibilities
Lead, mentor, and develop a team of twelve accounts payable professionals, providing training, performance feedback, and fostering a culture of continuous improvement.
Develop and implement AP strategies and procedures to enhance efficiency, accuracy, and compliance.
Collaborate with senior leadership to establish accounts payable goals aligned with the company’s financial strategy.
Establish KPIs for the AP team and track performance metrics, providing regular reports to senior management.
Oversee the full accounts payable cycle, from invoice receipt and approval to payment processing and reconciliation.
Ensure accurate and timely payments to vendors, contractors, and other payees while maintaining appropriate documentation and approvals.
Review and approve payment runs, ensuring adherence to cash management strategies.
Manage the vendor database, including ensuring proper setup, updates, and reconciliation of vendor accounts.
Oversee the Corporate Credit Card program
Support on-going implementation of Workday Expense, Supplier, and other modules to drive technology and process driven efficiency.
Continuously evaluate and improve the accounts payable process and policies for greater efficiency and effectiveness.
Lead the transition to digital solutions, including paperless invoicing and electronic payment systems.
Serve as administrator for existing AP tools, until Workday go-live
Ensure that the accounts payable function adheres to internal controls, accounting policies, and regulatory requirements.
Coordinate with external auditors during year-end audits and ensure timely preparation of supporting schedules.
Implement and enforce segregation of duties and other internal controls to minimize risk and fraud.
Stay current on changes in financial regulations, accounting standards, and tax laws related to accounts payable.
Work closely with the procurement team to ensure proper vendor management and compliance with contractual terms.
Partner with other departments (e.g., legal, tax, operations) to resolve disputes, discrepancies, and other AP-related issues.
Act as a key liaison between finance and business units to address any issues related to accounts payable.
Prepare and analyze AP aging reports, cash flow projections, and vendor payment forecasts for senior management.
Monitor and manage payment terms to optimize cash flow, taking into consideration early payment discounts and supplier relationships.
Develop regular reports to ensure timely reconciliation of accounts payable balances with the general ledger.
Qualification
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Required
Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
Minimum of 7-10 years of experience in accounts payable or finance
Strong experience with AP software, ERP systems (e.g. Workday), and automation tools.
Proven experience in process improvement and change management in accounts payable.
Strong leadership skills with the ability to manage and inspire a team.
Excellent knowledge of accounting principles and financial regulations.
Ability to analyze complex data and provide insights to improve financial operations.
High level of attention to detail and accuracy.
Strong communication and interpersonal skills, with the ability to collaborate across departments.
Proficiency with Microsoft Excel and financial reporting tools.
Problem-solving: Able to identify issues and implement effective solutions.
Results-oriented: Focused on achieving goals and optimizing performance.
Adaptability: Comfortable in a fast-paced, evolving business environment.
Preferred
CPA or equivalent certification is a plus.
Benefits
Company Paid Life Insurance, Long-Term and Short-Term Disability.
Medical, Dental, Vision and FSA/HSA plans.
401(k) with company match.
Additional voluntary benefits including Critical Illness, Accident Insurance, Hospital Indemnity and Supplemental Life Insurance, Legal and Identity Protection, and Pet benefits.
Generous PTO.
Company
Hilb Group
Partners Together - Endless Possibilities Hilb Group provides the resources of a big insurance broker and the attentive, personal service of a small agency.
1,001-5,000 employees
Funding
Current Stage
Late StageTotal Funding
$2B2024-10-31Debt Financing· $2B
2019-10-30Acquired· by The Carlyle Group
2015-06-25Private Equity· Undisclosed
Leadership Team
Robert W. Blanton, Jr.
Chief Financial Officer
Jason S. Angus
Chief Operating Officer
Recent News
Company data provided by crunchbase
