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Accounts Receivable & Payable Manager

Location: North Shields

Salary: Negotiable

Job Type: Permanent

Job ID: 166972

NRG is proud to be partnering with Formica on the look out for an experienced Accounts Receivable & Payable Manager. Reporting into the European CFO, this is an opportunity to join Formica’s European finance management team as the leader of a team of 7 who control two critical tasks which keep the business running on a day-to-day basis - ensuring we receive money from our customers and paying our suppliers for the whole of Formica Europe.



  • Accounts Receivable - ensuring robust credit risk framework in place:


    • Cash collections, chasing overdue invoices, removing internal blockers, eg claims

    • Reporting and escalation procedures for overdue customer payments

    • Managing customer credit exposure within delegated authority

    • Managing insured vs uninsured positions consistent with business risk appetite

    • Managing relationships with credit brokers, insurers and agencies


  • Accounts Payable – ensuring application of Formica ‘Purchase to Pay’ policies and procedures, in conjunction with Procurement:


    • Processing supplier invoices – managing team and back-up

    • Escalation of non-compliance, eg overdue approvals, spend without purchase order

    • KPI development and reporting

    • Implementation of forthcoming system developments

    • Concur (employee expenses) system management


As a key member of the Finance team you will be a strong contributor of an efficient finance service that drives a culture of customer service excellence and continuous improvement and ensures business engagement and satisfaction is continually maintained.


Who will this role suit??

You will thrive working in busy and complex international environments and will have the inquisitiveness, desire and determination to seek and implement ways to work more efficiently and with better processes.


You will have a positive outlook and energy and will want to help bring new ideas to your team.


You will have experience managing a diverse team with a hands-on approach, willing and able to support the team with the execution of day-to-day tasks.


You will have experience working with multiple stakeholders and empathy balancing external stakeholder needs and Formica’s.


You will have the personality to engage effectively and solve problems for a wide range of internal and external stakeholders.


European language ability would be advantageous, but not essential. (French, Spanish, Finnish, Swedish or Russian)