Director of Accounts Payable and Accounts Receivable

Director of Accounts Payable & Accounts Receivable

Our client is seeking an experienced Director of Accounts Payable & Accounts Receivable to lead and oversee both functions across a multi-entity organization. This is a hands-on leadership position responsible for strengthening processes, improving cash flow, establishing internal controls, and developing a high-performing AR and AP team.

The ideal candidate will have extensive experience in construction, manufacturing, or another complex multi-entity environment, along with a strong understanding of billing, collections, payables, cash application, vendor management, and month-end close. This individual will work closely with senior leadership and cross-functional teams to improve processes, increase efficiency, and provide greater visibility into cash flow and working capital.

Key Responsibilities

• Lead the end-to-end Accounts Receivable and Accounts Payable functions across multiple entities.
• Develop, implement, and continuously improve AR and AP processes, policies, controls, and reporting standards.
• Establish and monitor key performance metrics related to aging, collections, DSO, cash conversion, DPO, payment timeliness, and invoice processing.
• Lead, mentor, and develop AR and AP teams while establishing clear expectations, accountability, and performance standards.
• Oversee billing, collections, cash application, short-pays, retention, intercompany transactions, and account reconciliations.
• Manage the full AP cycle, including invoice intake, coding, approvals, vendor management, payment processing, and three-way matching when applicable.
• Strengthen internal controls and ensure accurate vendor records and timely payments.
• Partner with Project Management, Operations, Compliance, Accounting, and other departments to resolve billing, documentation, and payment issues.
• Develop standardized processes and procedures across multiple business units and entities.
• Provide guidance on contract billing, payment terms, retention, change orders, and other factors impacting collections and cash flow.
• Support month-end and year-end close activities, audit readiness, and banking-related AR/AP requirements.
• Identify opportunities for automation and process improvements within the ERP and related accounting systems.
• Prepare reporting and recommendations for executive leadership regarding cash flow, receivables, payables, aging, and overall process performance.
• Help establish scalable procedures that improve efficiency, reduce risk, and support continued organizational growth.

Qualifications

• 10+ years of progressive Accounts Receivable, Accounts Payable, and/or Collections experience.
• Significant experience within construction, manufacturing, heavy civil, or another complex multi-entity environment.
• 5+ years of management or leadership experience overseeing accounting teams.
• Strong hands-on knowledge of full-cycle AP, including invoice processing, coding, approvals, vendor management, payment runs, and internal controls.
• Strong AR and collections experience, including cash application, aging management, retention, and resolving account discrepancies.
• Experience improving processes, reducing outstanding receivables, and strengthening AP controls.
• Strong understanding of contract-based billing and payment processes.
• Advanced Excel skills and proficiency with ERP/accounting systems; Sage Intacct experience is highly preferred.
• Excellent communication, organization, and leadership skills.
• Ability to work effectively with both accounting and operational teams in a hands-on environment.
• Bachelor's degree in Accounting, Finance, Business, or related field preferred; equivalent experience will be considered.

Preferred Qualifications

• Experience managing both AR and AP functions within a multi-entity organization.
• Experience with public-sector or contract-based billing environments.
• Familiarity with construction-related billing, retention, lien requirements, or compliance processes.
• Experience working with manufacturing-related inventory and accounting processes.
• Sage Intacct experience.
• CPA or other relevant professional credential.

Addison Group is an Equal Opportunity Employer. Addison Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. Addison Group complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. Reasonable accommodation is available for qualified individuals with disabilities, upon request.