** Please note this is a hybrid role based out of our office in downtown Minneapolis, MN**
We are seeking a seasoned professional to serve as the Director, Accounting Operations Shared Services. In this role, you will be responsible for developing and overseeing the strategic direction and day-to-day operations of our accounting operations shared services function. This is a new senior leadership role in the organization responsible for leading the customer billing and global payment operations areas.
The new Accounting Operations Shared Services combines many aspects of our customer billing and vendor payment areas, including, but not limited to, customer billing, cash receipt/application, vendor payment and expense reimbursements. This leader will be instrumental to leading a team of professionals in achieving consistent global practices and maximizing the use of processes and systems to achieve a high-level of operating performance, compliance and accuracy in each of these areas.
This leader will proactively partner closely with cross-functional stakeholders, including finance, sales, operations, legal, and IT teams, to ensure alignment of accounting shared services activities with business objectives and priorities. A successful candidate will have an ability to work in a fast-paced environment and thoroughly understand the business and operating model in order to lead these areas effectively.
We are a high growth organization with growth coming organically and through business development activities both domestically and across the globe. This is an excellent opportunity for someone to join a company on a significant growth journey, where you will be an agent for change and expansion of the Company’s capabilities in billings and payments.
Why SPS?
- SPS currently runs the largest and most relied upon Retail Network with thousands of trading partners using our technology every day to perform critical business processes. You can be part of the journey to open that network up to software partners across the globe by unlocking our capabilities through APIs.
- We are a technology centric organization – we expect our leaders and our technologists to be informed on emerging technology trends and product capabilities.
- We invest in our teams – whether it be conferences or leaderships development, we believe in providing the foundation for your growth.
Day to Day
- Provide superior leadership to the enterprise-wide customer billing and vendor payment processes, including customer billing, accounts receivable, accounts payable and expense reimbursement teams.
- Provide visionary leadership to the accounting shared services team, fostering a culture of collaboration, innovation, and continuous improvement.
- Develop and implement strategic plans, objectives, and initiatives for the accounting shared services function aligned with the company's overall financial and operating objectives.
- Establish performance metrics and key performance indicators (KPIs) to measure the effectiveness and efficiency of accounting operations shared services operations.
- Ensure compliance with accounting standards, regulations, and internal controls, and drive process improvements to enhance efficiency and accuracy.
- Ensure compliance with vendor contracts, purchase orders, and payment terms, and establish and maintain strong internal controls to mitigate risk and prevent fraud.
- Stay abreast of regulatory changes and industry best practices related to accounts payable, and implement necessary changes to ensure compliance and optimize processes.
- Implement technologies and automation solutions to optimize invoice processing and payment disbursement, enhance efficiency, and reduce costs.
- Oversee customer invoicing processes, ensuring accuracy, timeliness, and compliance with contract terms and regulatory requirements.
- Monitor accounts receivable aging reports, analyze trends, and implement strategies to reduce DSO (Days Sales Outstanding) and improve cash flow.
- Implement controls and procedures to mitigate billing errors, minimize disputes, and optimize cash flow.
- Enhance the financial performance of the Company by analyzing and interpreting financial data and reporting to senior management
- Build and maintain strong relationships with internal stakeholders, including senior leadership across finance, sales, operations, and legal.
- Build and maintain strong relationships with external stakeholders, including auditors, regulatory bodies, vendors, customers, and service providers.
- Serve as a subject matter expert on accounting shared services matters, providing guidance and support to stakeholders as needed in order to develop a positive and collaborative relationship.
- Develop future financial and controllership leaders through talent development, training and mentoring of individuals.
Required Skills
- Bachelor’s degree in accounting, finance or related field.
- Minimum 12 years of relevant experience with at least 5 years management experience.
- Proven track record of innovation and continuous improvement. Project management and/or experience leveraging technology to drive process improvements and efficiencies.
- Demonstrated, strong leadership experience (formal or informal). Ability to develop and motivate teams and provide strategic direction for them.
- Understanding of revenue recognition requirements and ability to apply them effectively in their areas to support a high level of compliance while maximizing contracts.
- Excellent organizational, critical thinking and problem-solving skills and strong attention to detail
- Strong oral and written communication skills with a highly collaborative communication style and practice
- Passionate about meeting the needs and expectations of a customer
- Bias for continuous improvement with demonstrated experience and successes in change management
- Astute at making financially sound decisions
- Experience managing third-party vendors
- Strong interpersonal skills with demonstrated ability to build cross-functional relationships
- Proven competence with Microsoft Office (Word, Excel, PowerPoint, and Outlook)
- Experience using large Enterprise Resource Planning (ERP) and other related and necessary systems to support these functions.
SPS Commerce offers a comprehensive package of benefits including health, dental, vision, disability, and life insurance, paid time-off, 401(k), health and flexible spending accounts, stock purchase plan and more.
** EOE including disability / veteran **
