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Accounts Payable Manager

About Us:

Panelmatic, Inc. was founded in 1957 in Youngstown, OH to serve manufacturing industries with the design and build of custom electrical, instrument, and pneumatic control panels. Our business has sufficiently grown over the years to support expansion for our clients. We have produced control packages for many of America's top corporations in the chemical, environmental, food, pulp and paper, rubber, petroleum, pharmaceutical, glass, metals, and utilities industries. We also deliver equipment for use worldwide. Our rigorous methodology assures compliance with domestic and international standards. We can meet the needs of our diverse clientele from start to finish through sales, design, fabrication, testing, and delivery.

 

Since 1957, we have been known for our high-quality, custom-built control packages, our comprehensive service, and our technological and manufacturing expertise. This expertise assures you of our ability to handle the largest and most complex packages quickly and efficiently.

 

In 1989, the majority interest of the company was purchased by an Employee Stock Ownership Plan (ESOP). Our employees are also shareholders with dedication and commitment to the long-term success of the company.

 

Job Summary:

Panelmatic is seeking a detail-oriented Accounts Payable Manager to provide strong leadership. The Accounts Payable Manager’s responsibilities include maintaining accurate records regarding payments to suppliers, processing payments from clients, and training staff members.

Job Duties:

·        Managing and leading a team of accounts payable professionals ensuring that they are trained and capable of handling their responsibilities effectively

·        Overseeing the accurate and timely processing of invoices ensuring correct coding and no discrepancies

·        Managing the payment process including the scheduling of payments, selecting payment methods, and ensuring timely disbursements to vendors

·        Ensuring compliance with governmental, financial, and tax regulations including 1099’s

·        Monitoring and controlling company expenses by verifying and processing employee expense reports in compliance with company policies

·        Assisting with internal and external audits by providing documentation and explanations related to accounts payable transactions

·        Identifying opportunities for process automation and efficiency improvements within the accounts payable department

·        Participating in the month-end process, reconciling accounts payable ledgers, and preparing reports for financial statements

·        Setting and facilitating the achievement of department objectives

·        Building and maintaining relationships with employees, clients, vendors, and lenders

·        Performs other duties as needed

Minimum Qualifications:

·        Bachelor’s degree in accounting, finance, or a related field required

   Or minimum three years as an Accounts Payable manager required

·        Three or more years of accounts payable experience required

·        One or more years of managing deadlines and working with others required

·        Familiarity with GAAP required

·        Excellent communication skills both written and verbal required

·        Ability to pass physical, drug, driving, and background check required

·        Ability to physically push, pull, and lift 26lbs or more required

·        Ability to sit, stand, and walk for four plus hours at a time required

·        Alignment with company core values required

Preferred Qualifications:

·        Infor Visual or other ERP experience preferred

Benefits:

  • Medical, dental, vision, HSA, term life, AD&D, STD, LTD
  • 100% medical premium paid for by Panelmatic for the employee-only level medical coverage
    • 80% paid for by Panelmatic and 20% paid for by the employee on all other level medical coverage (ie employee plus child, employee plus spouse, family)
  • 401K, profit sharing, and ESOP contributions
  • Scholarships, educational reimbursement, paid volunteerism, and paid personal and professional development provided
  • PTO and paid holidays provided
  • Career advancement opportunities
  • Competitive wages
  • Family-friendly environment with average employee tenure above five years

Average salary estimate

$70000 / YEARLY (est.)
min
max
$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Accounts Payable Manager, Panelmatic Inc.

At Panelmatic, Inc., we're on the lookout for an enthusiastic Accounts Payable Manager to join our vibrant team. Since 1957, our commitment to excellence in custom electrical, instrument, and pneumatic control panel design has set us apart in the manufacturing sector. As our Accounts Payable Manager, you will play a crucial role in maintaining our financial integrity by overseeing the management of supplier payments and client transactions. Your keen attention to detail will ensure that invoices are processed accurately and on time, while also guiding a talented team of accounts payable professionals. You'll have the opportunity to streamline payment processes, uphold compliance with relevant regulations, and identify areas for efficiency improvements. Furthermore, your collaborative spirit will allow you to build productive relationships with staff, clients, vendors, and financial partners. With a rich history of stability and employee ownership through our ESOP structure, Panelmatic offers a supportive environment that fosters professional growth and career advancement. If you're ready to contribute your expertise in accounts payable and help us continue our legacy of excellence, we’d love to hear from you.

Frequently Asked Questions (FAQs) for Accounts Payable Manager Role at Panelmatic Inc.
What are the main responsibilities of the Accounts Payable Manager at Panelmatic?

The Accounts Payable Manager at Panelmatic is responsible for leading a team to process supplier payments efficiently, ensuring compliance with financial regulations, managing invoicing processes, and maintaining accurate financial records. This includes overseeing payments, verifying employee expense reports, and preparing documentation for audits.

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What qualifications do I need to apply for the Accounts Payable Manager position at Panelmatic?

To be considered for the Accounts Payable Manager position at Panelmatic, you need at least a bachelor's degree in accounting, finance, or a related field, along with three or more years of accounts payable experience. Management experience in a similar role is essential, and familiarity with GAAP is required.

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What benefits are offered to the Accounts Payable Manager at Panelmatic?

The Accounts Payable Manager at Panelmatic enjoys a range of benefits, including 100% paid medical premiums for employee-only coverage, competitive wages, PTO, 401K and profit-sharing options, and opportunities for personal and professional development, all in a family-friendly work environment.

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How can the Accounts Payable Manager improve efficiency within the department at Panelmatic?

An effective Accounts Payable Manager can enhance efficiency at Panelmatic by identifying opportunities for process automation, streamlining the payment processes, and training team members to handle their tasks more effectively, which ultimately contributes to smoother operations and better financial management.

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What role does teamwork play for the Accounts Payable Manager at Panelmatic?

Teamwork is essential for the Accounts Payable Manager at Panelmatic as the role involves collaborating with employees, clients, and vendors to facilitate timely payments and ensure accuracy in financial dealings, while also mentoring and supporting the accounts payable team to achieve department objectives.

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Common Interview Questions for Accounts Payable Manager
Can you describe your experience with managing accounts payable processes?

Be ready to share specific examples, such as how you have overseen the processing of invoices and ensured their accuracy, or how you have led a team through busy periods while maintaining compliance and efficiency in operations.

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How do you ensure compliance with financial regulations in your role?

Discuss your familiarity with relevant regulations such as GAAP and tax compliance. Highlight your strategies for maintaining compliance, like regular audits and staying updated with changes in financial guidelines.

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What strategies have you implemented to improve accounts payable efficiency?

Talk about specific changes you have made in the past, such as automating certain aspects of invoicing or training staff on best practices, and explain the positive impact these changes had on the department.

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How do you handle discrepancies in invoices?

Explain your methodical approach to resolving discrepancies, including communication with vendors, documentation review, and ensuring that all records align before payments are issued.

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How do you prioritize tasks in a fast-paced accounts payable environment?

Describe how you assess the urgency of invoices and payments, perhaps using tools or methods to organize tasks efficiently, and share examples of how this helps maintain timely operations.

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Can you provide an example of a time you successfully led a team?

Share an anecdote where you guided your team through a challenging project or workload, detailing how you motivated them and the positive results that followed.

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What tools or software are you experienced with for accounts payable?

Mention any specific accounting software or ERP systems you’ve used in the past, such as Infor Visual, and discuss how your familiarity with these tools helps you manage accounts payable tasks effectively.

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Why do you believe communication is important in the accounts payable role?

Discuss how clear communication is essential for fostering relationships with vendors, team members, and other departments, which can lead to timely payments, resolution of issues, and a better overall workflow.

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How do you track and manage company expenses?

Explain your methods for monitoring expenses, such as reviewing reports, auditing expense claims, and ensuring compliance with company policies to control costs and prevent discrepancies.

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What are your long-term career goals as an Accounts Payable Manager?

Share your vision for your career path, emphasizing your desire for ongoing professional development within accounts payable, as well as aspirations for leadership, organizational improvements, or specialized training.

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Panelmatic, Inc.,a leading manufacturer of custom-built electrical and process instrument control panels, announced today the addition of a new division, Panelmatic Building Solutions (PBS), to be headquartered in Brookfield Township. The company'...

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Full-time, on-site
DATE POSTED
January 14, 2025

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