Terex is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. Terex delivers lifecycle solutions to a broad range of industries, including construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining. Terex reports in three business segments: Aerial Work Platforms; Cranes; and Materials Processing. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. For more information about Terex, its products and services, visitand/or.
About Global Business Services (GBS)
GBS UK is one of five worldwide shared service centres supporting Terex entities in the UK and Germany. GBS is responsible for a range of financial functions including General Ledger Accounting, Accounts Payable, Accounts Receivable and Business Tax.
About the Position:
Title: Accounts Payable Manager
Reports to: Global AP Lead
Location: Lurgan, UK
Hours of work : 37.75 per week
The Accounts Payable Manager is responsible for day to day leadership of the Accounts Payable team; overseeing the payment processing; including entry of invoice, problem resolution and processing of manual/exception payments; delivering performance that meets or exceeds Service Level Agreement.
Drive continuous improvement and customer responsiveness in GBS service delivery.
Standardize, simplify and optimize invoice-to-pay process utilizing lean techniques to capture financial efficiency (productivity and cost) and process effectiveness (quality and delivery).
Customer service focused
Problem solving / resolution
Continuous process improvement
Provide leadership in all components of accounts payable to ensure completeness, accuracy and timeliness of supplier payments.
Champion process optimization, standardization and improvement initiatives for invoice processing, invoice resolution, cash disbursements and internal controls.
Ensure service performance meets business needs and quality, delivery and cost expectations; promote corrective and preventative action for deviations from key performance metrics.
Foster and manage an effective partnership with business and GBS stakeholders to establish a collaborative team approach to problem solving and issue resolution.
Create a culture of continuous improvement and customer responsiveness, teach and mentor in the application of lean techniques to performance improvement efforts.
Assist with global process change management protocol, develop and maintain process documentation, ownership and governance to ensure global consistency.
Support talent development through continuous improvement initiatives, performance assessment, coaching and evaluation, team member professional development and active participation in the delivery of accounts payable and finance training.
Driving resolution of root cause in supplier invoice exception e.g. matching errors of vendor invoice, purchase order and receipt acknowledgment.
Monthly sign off on CDV controls to confirm compliance of processes including involvement with independent self-testing.
Oversee reconciliation of accounts payable balances, month end close and vendor statements.
Management reporting specific to accounts payable – cash forecasting, weekly and monthly metrics.
Audit support specific to accounts payable.
Direct supervision of Accounts Payable staff.
Recruitment of AP team members and regular review of staffing requirements.
Work to manage resource requirements on a timely basis such that service levels are maintained.
Open to additional responsibilities / activities related to the Accounts Payable process as GBS continues to grow and becomes broader in its support to the business units.
Embrace and promote the Terex Way: Integrity, Respect, Improvement, Servant Leadership, Courage and Citizenship.
Minimum Education Level:
5+ years of experience in Accounts Payable process or 1+ year in team lead/management role
Experience in accounting and financial systems.
Proficient in using Oracle and SAP
Experience in interfacing with business operational customers in defining procurement service requirements or procurement/ accounting information.
Experience in process improvement and application systems implementation.
Understanding of the overall Accounts Payable process and disbursement best practices.
Excellent customer service skills.
Knowledge of financial systems.
Ability to plan, assign and direct work.
Team development skills, required.
Ability to meet strict deadlines.
Ability to use Microsoft Office products.
Good analytical and interpersonal skills.
Good written and oral communication skills.
Ability to interview, hire and train employees.
Ability to address employee needs and resolve problems.
Ability to appraise, reward and mentor employees.
Must also be able to demonstrate that you are a customer focused individual with the energy, drive and commitment to make it happen.
Must be a team player able to demonstrate strong customer focus with the energy, drive and commitment to successfully work through any and all issues and objectives related to this role and that of the overall team.
This above description is non-exhaustive and there may be additional duties in accordance with the role.
Terex is an equal opportunity employer and appointments are based on merit. We value diversity and welcome applications from all sections of our community. A recent survey of the workforce within our Dungannon facility highlighted an under representation of employees from the Protestant community. We would therefore particularly welcome applications from this section of our community.
Job ID 2018-36857
# Positions 1