Director, Accounts Payable & Accounts Receivable

At CooperVision, a division of CooperCompanies (COO), we’re driven by a unifying purpose to help people to experience life’s beautiful moments. We are connected through our shared values - dedicated, innovative, friendly, partners, and do the right thing. As a leading global manufacturer of contact lenses, we are committed to helping improve the way people see each day. Through our diverse lens portfolio, we tackle the toughest vision challenges – including astigmatism, presbyopia, and childhood myopia. We offer the most complete collection of spherical, toric, and multifocal products available, enabling us to fit 99% of all contact wearers. Learn more at www.coopervision.com

Scope: 

The Director of Accounts Payable & Accounts Receivable oversee the end-to-end AP and AR processes for the CooperCompanies North America legal entities. This role ensures timely and accurate processing of payment and collections, maintain strong internal controls, drives process improvements, support strategic initiatives, drive the strategy for purchase order management, invoice-to-pay and credit-to-cash processes while collaborating cross-functionally to optimize working capital, vendors relationship and customer experience.

Job Summary: 

The Director of Accounts Payable and Accounts Receivable will be responsible for develop and execute strategies to optimize AP and AR process, cash flow and working capital, align AP and AR operations with Controllership and business goals, and drive process standardization. The selected candidate will ensure timely, accuracy and completeness of the AR and AP transactions and data, proper aging maintenance, continuous development of AP and AR process and provide guidance and support to business and leadership. This role requires exceptional attention to detail, self-motivation, strong leadership skills and a desire for teams’ development. A thorough understanding of industry practices, organizational needs, and general business conditions is essential. We are committed to creating an inclusive environment and encourage candidates from diverse backgrounds to apply.

Essential Functions & Accountabilities:

• Oversee daily operations of Accounts Payable and Accounts Receivable.
• Develop and implement policies, procedures and controls to ensure accuracy, completeness, timeliness and compliance.
• Lead and manage the AP and AR teams, including hiring, training, performance management, foster career development, coaching and mentoring.
• Promote a culture of accountability, accuracy and continuous improvement based on actionable data and commitment to SLAs and KPI objectives.
• Develop, maintain, monitor and improve KPIs, SLAs, metrics and dashboards with the business.
• Lead initiatives to optimize, streamline, improve and automate processes, including the evaluation and development of digital solutions and ensure team readiness to receive technology.
• Develops and maintains strong, long-lasting relationships with internal and external customers to ensure efficient payment and collection cycles.
• Negotiate payment terms and resolve disputes with key customers and vendors.
• Support procurement, sales organization and business et all with financials insights and business process coordination.
• Prepare and present reports, analysis and recommendations for senior leadership decision-making, including comprehensive visibility to actionable data.
• Lead and coordinate strategic projects and initiatives, including process improvements, enhance reporting and analytics.
• Analyze trends and identify opportunities for cost savings, working capital and cash flow improvements.
• Collaborate with Treasury, Procurement, Sales and Finance teams to align process and financial operations.
• Ensure compliance with SOX, GAAP, and other regulatory requirements.

Travel Requirements:

• Some travel may be required; up to 10% 

Qualifications: Knowledge, Skills, and Abilities:

• Bachelor’s degree in Accounting, Finance, or a related business field — or equivalent experience. 

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