Director, Accounts Payable

Company: Lucid Motors
Location: Newark
Posted on: May 15, 2022

Job Description:

Leading the future in luxury electric and mobilityAt Lucid, we set out to introduce the most captivating, luxury electric vehicles that elevate the human experience and transcend the perceived limitations of space, performance, and intelligence. Vehicles that are intuitive, liberating, and designed for the future of mobility.We plan to lead in this new era of luxury electric by returning to the fundamentals of great design - where every decision we make is in service of the individual and environment. Because when you are no longer bound by convention, you are free to define your own experience.Come work alongside some of the most accomplished minds in the industry. Beyond providing competitive salaries, we're providing a community for innovators who want to make an immediate and significant impact. If you are driven to create a better, more sustainable future, then this is the right place for you.
We are currently seeking an Accounts Payable Director responsiblefor directing and delivering end to end Procure to Pay continuous improvement projects, driving key accounts payable processes by working across various internal and external teams and functions and directing the Corporate Travel and Expense activities.
The Director ensures team's activities, reports, and results are within goals and in compliance with regulations, accounting principles and company policies.This role establishes strategic and collaborative methods while maintaining a strong financial control environment. Further, this role establishes the Company's accounts payable policies and procedures and provides leadership and guidance in the application, while working effectively with process/functional leaders within the organization to identify and develop innovative business process improvement opportunities related to the cash conversion cycle.
This role requires a seasoned accounts payable professional who has a thorough understanding of finance and a process improvement mindset. Additionally important is the building of strong relationships, resolving disputes and ensuring that customer satisfaction objectives are achieved.The Role:

• Responsible for developing improvement and strategic plans for areas of responsibilities. Develops and implements strategic guidelines, procedures and processes.
• Lead the Accounts Payable team and also participate in day-to-day AP operations including customer vendor relations, AP disbursements, cash and inventory reconciliation, management reporting, systems and process improvements, and 1099 reporting
• Develops, implements, and maintain systems, procedures and policies, including accounts payable functions to ensure adherence to Company's guidelines
• Responsible for reviewing departmental results and directing teams towards developing corrective action plans as necessary. Identifies improvements for systems, workflow and procedures. Drives and implements changes with cross functional teams.
• Develops and maintains relationships with customers and other Company departments to ensure positive interactions, resolutions, and outcomes of inquiries and issues and works in collaboration with other departments to make identified changes to improve processes
• Establishes department goals and monitors key metrics, analysis and reporting
• Establishes and maintains relationships and networks with all departments and appropriate outside contacts that interact with the department
• Ensures that the appropriate internal control environment and SOX compliance are maintained along with compliance to all legal and regulatory requirements
• Lead continuous improvement, including: processes, systems, and outside support targeted to improve department efficiencies thus reducing risk and cutting costs
• Directs activities to ensure systems and controls are in place as outlined in policy and procedure manuals. Meets established daily, weekly, and monthly deadlines.
• Resolves escalated internal and external customer issues
• Directs team's activities to ensure compliance with accounting principles and adhere with company policies
• Oversees preparation and/or reviews reports in support of internal and external audits. Works with internal and external audit as needed. Responsible for resolution of open items and root cause analysis with resolution. Ensures outside audits are compliant with contracts or regulations.
• Mentors, coaches, and develops employees through orientation, training, establishment of objectives, communication of policies and rules, and constructive discipline; builds morale and motivation.
• All other duties as assignedThe Qualifications:
  • Bachelor's degree in Accounting or Finance, or related degree
  • Minimum of 10 years of accounts payable within a large company manufacturing environment
  • At least 5+ years' experience in a senior accounts payable leadership role
  • Knowledge and experience of GL coding
  • ERP system experience strongly desired. SAP experience strongly preferred
  • Knowledge/experience in legal aspects of payables
  • Strong analytical, organizational, and problem-solving skills with a keen attention to detail
  • Strong negotiation skills balanced with strong customer service skills
  • Strong judgment and decision-making capabilityAt Lucid, we don't just welcome diversity - we celebrate it! Lucid Motors is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, national or ethnic origin, age, religion, disability, sexual orientation, gender, gender identity and expression, marital status, and any other characteristic protected under applicable State or Federal laws and regulations.
    Notice regarding COVID-19 vaccination requirement as a condition of gainful employment within the United StatesAt Lucid, we prioritize the health and wellbeing of our employees, families, and friends above all else. In response to the novel Coronavirus, and the increased transmissibility with recent variants, all new Lucid employees, whose job will be based in the United States, must provide original documentation confirming status as having received the prescribed inoculation (doses) based on the manufacturer's guidelines on their first day of employment.Individuals seeking a medical and/or religious exemption from this requirement may be granted such an accommodation after submitting a formal request to and the subsequent review and approval thereof by our dedicated Covid-19 Response team.To all recruitment agencies: Lucid Motors does not accept agency resumes. Please do not forward resumes to our careers alias or other Lucid Motors employees. Lucid Motors is not responsible for any fees related to unsolicited resumes.

Keywords: Lucid Motors, San Rafael , Director, Accounts Payable, Executive , Newark, California