Manager, AP/AR

Work Schedule

Environmental Conditions

Job Description

Position Summary:

Thermo Fisher Scientific Inc. is seeking a Manager, AP/AR to lead a team in the Order to Cash function. Ensure timely payment application, meet AR targets, and maintain low levels of unapplied cash. Contribute to a world-class team dedicated to financial excellence and operational efficiency.

Responsibilities:

• Set performance goals, prioritize activities, and ensure timely resolution of credit decisions and collection issues while leading employees and teams.
• Support the talent development strategy within the function through regular 1-1s and skip level discussions.
• Responsible for setting targets and monitoring operational performance against critical metrics for the direct team in order to generate accurate forecasts.
• Effectively work with the Treasury team to ensure smooth operation of bank accounts.
• Deliver clear and pro-active communication and business partnering with support business divisions and key global partners (e.g., OtC Credit & Collections teams, Accounting teams, Treasury, etc.).
• Champion continuous improvement methodology across the teams to drive ideation and execution, creating lean processes and standardization.
• Ensure the performance of all tasks is carried out in line with company policies, internal controls, and Sarbanes-Oxley requirements.
• Align with equal employment opportunity laws, regulations, and company policies related to discrimination in hiring, performance management, promotion, and compensation, including sexual harassment.

Additional tasks will include:

• Collaborate with OtC GPO organization, IT, and cash application software supplier when necessary to address any system-related issues.
• Collaborate effectively with Internal and External Audit teams to ensure timely and accurate completion of testing procedures.
• Deputize for Senior Manager where required.
• Undertake other projects and responsibilities as assigned.

Skills & Qualifications Required:

• Skills:

Exceptional leadership skills, ability to inspire and motivate team members, develop and mentor teams, set clear expectations, and provide guidance and support.

Proficient communication skills at a senior level.

Strong problem-solving and analytical skills.

Superior organizational skills to prioritize tasks and projects and adhere to set timelines.

Flexibility and adaptability to changing business needs and priorities.

Excellent attention to detail to ensure accuracy in cash application, documentation, and reporting.

Advanced knowledge of accounting principles.

Proven track record of excellent judgment and decision-making ability.

Demonstrated diplomacy, integrity, and ethical standards.

• Qualifications and experience:

Fluent in English.

University or College degree in credit management/accounting, or equivalent professional qualification is an advantage.

Functional process expertise of OTC.

Previous experience in a leadership position in a fast-paced accounts receivable environment is required.

SME system knowledge in multiple ERPs (example: Oracle E1, SAP) and collection software (CForia) is essential to perform this role effectively and efficiently.

Excellent digital literacy and knowledge of the Microsoft Office software is required (Outlook, Excel, PowerPoint, etc.).