Accounts Payable Manager at Methode Electronics, Inc.

Southfield, Michigan, United States -

Full Time

Start Date

Immediate

Expiry Date

28 Dec, 25

Salary

131000.0

Posted On

29 Sep, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounts Payable, Vendor Management, Invoice Processing, Payment Execution, Financial Reporting, Analytical Skills, Microsoft Excel, Customer Service, Team Leadership, Process Improvement, Compliance, Communication Skills, Problem Solving, Financial Systems, Automation, Workflow Tools

Industry

electrical;Appliances;and Electronics Manufacturing

Description

Position Summary: Methode Electronics is seeking an Accounts Payable Manager to lead and oversee the accounts payable operations of its US Shared Service Center. This role will report to the Senior Manager, US Shared Service Center and will be responsible for managing vendor invoice processing, payment execution, vendor master data management, and resolution of discrepancies. This role oversees daily operations, ensures compliance with company policies and internal controls, drives process standardization and efficiency, and manages strong vendor relationships. The AP Manager will lead a team of AP specialists to deliver accurate, timely, and reliable results that support the company’s financial reporting, working capital, and operational needs. You will also ensure employees are following established policies and that required documentation is obtained and stored. This role will also interact and work closely with Company’s accounting team in Mexico. This is an ideal opportunity for someone who desires to be part of an accounting team at a company undergoing meaningful transformation and growth located in Southfield, Michigan. Position Responsibilities: Provides guidance in the daily operation of the accounts payable team ensuring employees are provided with the knowledge and skills necessary to perform their job responsibilities. Plans work schedules, assigns duties, and evaluates work for accuracy, neatness, and conformance to policies. Performs monthly close processes ensuring customer billing and cash applications are prepared for closing each month. Works with appropriate parties to ensure any errors or issues identified are resolved to close the period timely. Maintains the close schedule, scheduling of subsystem feeds and making materiality decisions on close entries. Prepares monthly report balancing the sub-ledgers to GL, identifies any variances, and work with appropriate parties to resolve. Provides management reporting and audit support specific to accounts payable. Performs testing in financial systems. Ensure compliance, approval verification, and quality control review processes are followed. Drives DPO improvement across organization; improves the existing processes; achieves target DPO; and establishes reasonable payment terms. Analyzes invoices and expense reports for accuracy and eligibility for payment while ensuring proper approvals have been obtained. Ensures timely payments of vendor invoices and employee expense vouchers and maintains accurate financial records and control reports. Prepare accounts payable register and related reports in a timely manner. Reviews GRIR reports and proactively resolves unmatched and aging items. Plans short and long-term strategies to achieve goals and objectives of the department and reviews the existing policies, processes and procedures and identify any process deficiencies and recommends action items for process improvement. Prepares SOX compliance control documents Manage and develop a team of accounting professionals by monitoring performance, setting goals, providing ongoing training, and maintaining strong employee relationships. Ensure consistent standards and operational excellence in the US and accounts payable accounting operations. Foster a collaborative team environment and ensure strong communication across the accounting team and other departments. Participate in special projects and initiatives. Performs other duties as assigned Qualifications: Bachelor’s degree required, preferably in accounting or finance. 5+ years of on-hands experience in accounts payable, including invoice processing and payment execution, with 2+ years of supervisory experience. Experience in manufacturing is preferred. Strong customer service orientation, including the ability to create partnerships with business leaders and trusted relationships with key stakeholders. Strong analytical skills to efficiently evaluate accounts payable trends and balance analysis. Accounting skills to effectively interface with accounting team and manage risk. Proficient Microsoft Excel skills and experience with financial systems; previous experience with CMS and OneStream preferred. Experience with automation and workflow tools is a plus. Excellent organizational, analytical, and communication skills. Ability to work under pressure, manage multiple priorities, and deliver results in a fast-paced environment. The base pay hiring rate expected for this position is: $111,350. -$131,000 This position is eligible to participate in an incentive plan. Metrics and level of participation are determined annually. Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must occasionally lift and/or move up to 15 pounds. Specific vision abilities required by this job include Close vision, Distance vision, Peripheral vision, Depth perception and Ability to adjust focus. While performing the duties of this Job, the employee is regularly required to reach with hands and arms and talk or hear. The employee is frequently required to stand; walk; sit and use hands to finger, handle, or feel. Mental Demands: While performing the duties of this position, the employee will be regularly required to use written and oral communication skills; read and interpret data, information and document. Analyze and solve problems with patience and ability to manage stress. Observe and interpret situations; learn and apply new information or skills. Benefits and Perks Methode offers US employees Medical, Dental, Vision, Hearing, Life & Disability insurance, a wellness program, and time off benefits. Voluntary benefit plans include Accident, Hospital Indemnity and Pet Insurance. Methode provides an Employee Assistance Program, and participation in the Company’s 401(k) plan which includes a company contribution. Base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Hourly employees will also be paid overtime pay when working qualifying overtime hours. Methode Electronics is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, genetic information and other legally protected characteristics per the EEO Poster available here . If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to recruiting@methode.com or call (708) 867-6777 and let us know the nature of your request and your contact information. Methode Electronics is a leading developer of custom-engineered and application-specific products and solutions utilizing the latest technologies. From magnetic signature sensing of mechanical and electrical properties to the revolutionary solid-state touch sensitive switches used in today's appliances and automobiles, Methode's extensive toolbox of technical solutions help our customers differentiate their products. Our regional design and customer support centers, coupled with manufacturing campuses in the Americas, Europe, and Asia allow Methode to bring a total business solution to customers worldwide. We leverage the talents of our over 5,000 employees to serve a diversified group of customers in four market areas: User Interfaces, Sensor and Switches, Power and Data. Methode helps customers win in their end markets by providing an unmatched combination of customer focus, differentiated technology, problem solving and world-class manufacturing.

Responsibilities

The Accounts Payable Manager will oversee the accounts payable operations, ensuring compliance with company policies and managing vendor relationships. This role includes leading a team to deliver accurate and timely results that support the company’s financial reporting and operational needs.