A/R & A/P Manager

A/R and A/P Manager
Parker Towing Co, Inc., founded in 1940, is a leading barge line operator in the United States. The Accounting Clerk position is responsible for processing activities that fall under the payroll, accounts payable, and receivable functions of the company. Because Parker Towing Company is one of the largest barge lines in the United States, as well as operating various terminals and industry-related businesses, the accounting department can see a wide variety of high-volume transactions.

Responsibilities and Duties
The responsibilities include, but are not limited to:

Accounts Receivable Duties:

• Process and oversee daily operations of the accounts receivable team, including high-volume processing of sales invoices and timely posting to the general ledger electronically.
• Maintain and enforce internal controls related to AR functions, including timely posting to the general ledger electronically.
• Monitor and analyze AR aging reports to maintain healthy DSO and minimize past-due balances.
• Oversee collection, proper cash application, collaborating with internal departments to resolve billing or payment disputes, and monthly statements.
• Oversee customer acceptance, including stringent creditworthiness reviews.
• Supervise and mentor the AR team including performance reviews and professional development.
• Prepare AR-related monthly end reporting for management, reconciliations, and support month-end close and audit activities, and assist with audit requests.

Accounts Payable Duties:

• Process and oversee daily operations of the accounts payable team, including high-volume processing, payment runs, and vendor inquiries.
• Maintain and enforce internal controls related to AP functions, including timely approval, payment, and posting to the general ledger electronically
• Monitor and analyze AP Aging reports and ensure timely payments in accordance with vendor terms.
• Partner with the Procurement team along with several departments to ensure that accounts payable invoices receive correct accounting codes, resolve discrepancies, and improve workflow efficiency.
• Oversee vendor acceptance and onboarding procedures, including collecting and verifying W-9s, tax IDs, banking information, and other required documentation.
• Supervise and mentor the AP team including performance reviews and professional development.
• Prepare AP-related monthly end reporting for management, reconciliations, and support for month-end close, and assist with audit requests.

Qualifications
As a relatively autonomous role, the qualifications, skills, and knowledge required are:

• Bachelor’s degree in Accounting, Finance, or a related field from an accredited college or university preferred.
• A minimum of 4 years of experience in an accounting department is preferred; 2 years in a managerial role is required.
• Proven experience in handling high-volume AR & AP transactions is required.
• Be able to maintain multiple email inboxes to ensure proper organization.
• Be able to perform duties in a multiple software platform environment.
• Experience with Microsoft Dynamics GP is preferred.
• Experience in Outlook, Word, and Excel is required.
• A strong skill set that includes organization, attention to detail, typing skills, time management, and the ability to communicate effectively and professionally with coworkers, employees of the company, vendors, and customers.
• Ability to multitask in a growing environment with specific deadlines.
• Maintain and protect operations by keeping information confidential.
• High School Diploma or equivalent is required.

What we offer:

• Competitive compensation commensurate with experience
• Collaborative and supportive team culture
• Opportunity to influence company growth and success
• Career development and advancement opportunities
• Competitive health insurance package
• Free dental insurance
• Free life insurance
• Free long-term disability insurance
• Optional additional coverage available (e.g., supplemental life, accident, vision)
• Paid vacation and paid sick time
• 401(k) with 6% company match on both Roth and pre-tax contributions
• Profit sharing
• Eligible for semi-annual discretionary performance-based bonuses