Accounts Payable Director - Procurement
MUFG
Job Info
Procurement - Accounts Payable Director Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020).In the Americas, we're 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We're a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count. Responsibilities are to lead the accounts payable function as part of the wider procurement organization. The focus is on timely, accurate and reliable invoices payments and the accurate and timely creation of vendors and the management of vendor data. As a secondary function, this role includes supporting preparation of the profit and loss and balance sheet accounts as well as group consolidations. Other responsibilities may include the preparation and posting of general ledger journals, posting of accruals and prepayments, reconciliation of intercompany accounts, reconciliation of profit and loss and balance sheet accounts, managing and controlling the fixed asset register, capital expenditure controls and reporting, production of the monthly consolidation reporting pack, statutory accounts production, corporation tax computations (in conjunction with tax function) and/or cost center reporting and analysis. This role also covers incumbents responsible for compensation accounting as well as the accounting related to VAT tax (U.K./Europe only) and transfer pricing. Incumbents at this level may manage a department, product or process with a large amount of independence. Typically referred to as technical expert and known internally and externally as reliable, knowledgeable resource. Develop and exercise business plans, policies and procedures and may also be responsible for various projects to improve efficiencies. Individual at this level has a clear understanding of the firm's different businesses and the related economics. Facilitate the timely, accurate and reliable invoices payments. Facilitate accurate and timely creation of vendors and the management of vendor data. Work with the business to maintain and deliver assigned reporting solutions that address business needs. Ensure solutions are right-sized and scalable to fit the needs of growing businesses. Deliver solutions that will comply with Bank policies and procedures allowing for successful implementation of new systems with adequate supporting documentation. Develop an in-depth understanding of the transaction/data flow for assigned applications. Develop testing plans that will proof the capabilities of the applications developed. Work with management to develop appropriate migration and implementation plans. Provide experience and judgment to drive decision making on behalf of the team. Establish and promote a culture of compliance with official Bank standards for documenting project requirements so that objectives are achieved, risks are managed appropriately, and the organizations resources are optimized. Promote straight through processing to enhance data quality. Ensure development of appropriate process to establish required communication, capacity planning, risk assessment, and escalation procedures. Facilitate communication throughout the enterprise regarding assigned technology products to ensure expectations are aligned with business partners. Act as a reliable partner to business in assessing and addressing business needs. Drive and foster a consultative, coordinated approach to support business needs across the organization. Build a solid working relationship with Systems Office for the Americas (SOA), front, middle and back offices, HQA management and support functions and Head Office as appropriate. Serve as primary point of contract for controls related review and update activity.
Qualifications:
Education, Licensure, Year of Experience (and type of work experience):
A minimum of a Bachelor's degree is required. An MBA or advanced degree in related discipline is desirable.
A minimum of 10+ years technical procure to pay experience including3+ years' accounts payable, international banking and management supervisory experience.
Strong leadership, management, planning, organizational, analytical, and continuous improvement skills.
Excellent leadership, management and supervisory skills including team building, influencing, motivating, developing, and overseeing onsite and offsite staff.
Ability to provide oversight, coaching and mentoring to others within the organization regarding P2P process efficiencies.
Ability to interact with Executive Committee members of the company.
Experience in influencing cross-functional leaders in a large organization, some of whom may have different priorities and goals; decision making will impact policy, processes, and procedures across the company.
Experience with Project and Change Management.
Must be able to balance budget and headcounts requirements with strategic decisions.
Strong business acumen, ability to provide strategic vision, tactical planning, sound judgment, prudent recommendations, balance risks, solve complex issues, overcome obstacles and challenging circumstances, results oriented, negotiate win-win, and produce positive decisions and outcomes.
Knowledge, Skills, Abilities:
Experience to include systems requirement development and implementation.
Demonstrated ability to articulate ideas to both technical and non-technical audiences and all levels of the user community.
Able to understand and collaboratively solve business problems.
Finance reporting experience.
Specialized knowledge and experience advising business line management as to how best to leverage procure to pay processes to optimize cost and mitigate risk with overall continuous improvement.
Solid understanding of the value drivers related to sourcing, buying, accounts payable, and P2P systems.
Experience in leading cross-functional teams in the end-to-end execution of Project Improvement Initiatives
Excellent written, verbal and presentation skills.
Strong business negotiation skills.
Experience influencing others to embrace Procurement and Accounts Payable best practices.
Strong analytical and financial skills.
Proficiency in Microsoft Word, Power Point, Project and Excel.
Independent, Self-Starter.
Business/Financial Acumen.
Strong teamwork and collaboration skills.
Skilled in change adoption, change management and resource assessment.
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
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