Manager, Accounts Receivable and Accounts Payable

Take your Career to the next Level with MEVOTECH. Join Our Team at Mevotech! Are you ready to elevate your career with a leading North American aftermarket auto parts company? Mevotech is seeking a Manager, Finance & Accounting to join our dynamic team. About Us Mevotech is a trusted leader in the aftermarket auto parts industry, specializing in driveline, steering, and suspension parts. With over 40 years of experience, we're dedicated to engineering excellence, innovation, and delivering exceptional customer experiences. Our commitment to employee wellness and engagement has earned us recognition as one of Canada’s Best Managed Companies. Position Overview The Manager, Finance & Accounting plays a key role in maintaining and enhancing the financial operations of the organization. This position is responsible for overseeing the daily management of Accounts Receivable (AR) and Accounts Payable (AP) functions, ensuring the accurate and timely processing of all transactions. The Manager will lead a team of accounting professionals, driving process optimization, maintaining strong internal controls, and improving workflows. By managing cash flow, ensuring compliance with bank requirements and payment terms, and actively mitigating financial risks, the Manager will work cross-functionally with finance, procurement, sales, and other teams to strengthen financial processes. Through supporting continuous improvements, automation initiatives, and diligent oversight, this role directly contributes to the company’s growth, operational efficiency, and overall financial stability. Key Responsibilities Oversee the day-to-day operations of the Accounts Receivable and Accounts Payable functions, ensuring timely and accurate processing of customer invoices, payments, vendor invoices, and disbursements. Implement and maintain best practices for AP and AR to enhance productivity and financial integrity. Collaborate with finance to manage cash flow by accurately forecasting accounts receivable collections and accounts payable disbursements. Lead, mentor, and develop the AR / AP team, providing direction, training, and support to ensure optimal team performance and professional growth. Monitor and manage the accounts receivable aging, credit policies, and collections efforts to ensure timely payments and minimize bad debt exposure. Ensure timely and accurate payment of vendor invoices, manage vendor relationships, and negotiate payment terms as necessary to optimize cash flow. Oversee the month-end and year-end closing processes related to AR / AP, including reconciliations and preparation of supporting schedules for financial reporting. Prepare and analyse AR / AP reports, including aging reports, cash flow forecasts, and key performance metrics. Track and Report KPI’s and provide actionable insights to management for decision-making. Report on working capital and drive scenario analysis on trends. Work closely with finance, procurement, sales, and other departments to ensure alignment and smooth functioning of AR / AP processes. Support the implementation and optimization of accounting systems and tools to drive efficiency in AR / AP processes. Lead or participate in system upgrades or enhancements Assist in identifying opportunities to implement desktop automation tools, such as macros, to enhance process efficiency. Identify key risks and opportunities within the AP and AR processes. Develop and implement strategies to mitigate financial risks, including monitoring aging reports and taking corrective actions as necessary. Ensure proactive management of accounts aging, addressing overdue accounts promptly to minimize financial exposure. Ensure all financial activities comply with bank operating rules, syndicate agreements, and relevant financial regulations . Maintain up-to-date knowledge of regulatory changes and implement necessary adjustments to financial processes. Ideal Qualifications  Bachelor’s degree in Finance, Accounting, or a related field; CPA or CFA certification required. Minimum 5 years of progressive experience in finance, accounting, ideally in a private equity setting. Expertise in Microsoft Excel, including advanced financial modelling. In-depth knowledge of AP / AR processes, cash flow management, and financial reporting. Ability to analyze large datasets and present clear, concise insights. Excellent written and verbal communication skills, capable of explaining complex financial concepts to various audiences. Proven leadership experience, with a track record of mentoring and developing high-performing teams. Impactful interpersonal skills, with the ability to foster relationships at all levels of the organization and with external stakeholders. Ability to manage multiple tasks effectively and work independently in a fast-paced environment. Commitment to upholding high professional and ethical standards PHYSICAL DEMANDS AND WORKING CONDITIONS Primarily office-based with standard working hours; may require additional hours to meet project deadlines or address urgent financial matters. Ability to work in a dynamic environment, managing multiple tasks and responsibilities simultaneously. Minimal physical demands, primarily involving sitting, using a computer, and other office-related activities. Accessibility Accommodations Mevotech provides accessibility accommodations during the recruitment process. If you require accommodations, please let us know, and we'll work with you to meet your needs. Take the next step in your career journey and join us at Mevotech!   Powered by JazzHR