Manager Accounting
Illumina
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Upgrade to Pro — $25/moThe AR/AP Manager is responsible for overseeing and managing the day-to-day operations of both accounts payable and accounts receivable functions in support of Illumina’s Global Accounting Shared Services.
Key Duties and Responsibilities:
Accounts Payable:
• Lead and manage the AP team, ensuring timely and accurate processing of invoices, disbursements, and reconciliations.
• Provide leadership, training, and mentoring to AP staff, fostering a culture of excellence, accuracy, and efficiency.
• Drive continuous improvement initiatives within the AP function to streamline workflows, improve productivity, and reduce errors.
• Take ownership of complex AP issues and provide strategic guidance to resolve escalations promptly.
• Oversee the full accounts payable cycle, including invoice receipt, approval, entry, and payment scheduling.
• Ensure all supplier payments are processed in accordance with contractual terms and company policies.
• Implement best practices for optimizing the accounts payable process and ensure alignment with global accounting standards.
• Oversee the accurate and timely reconciliation of accounts payable sub-ledger to the general ledger.
• Manage the implementation of new AP systems and tools, and ensure smooth integration with other financial systems.
• Prepare and present regular reports to senior leadership on AP performance, key metrics, any significant issues or delays.
• Analyze AP aging reports, work with stakeholders to resolve discrepancies, and ensure accurate reporting of financial data.
• Prepare and present reports for monthly financial reviews, ensuring key stakeholders are aligned on AP performance and any risks or opportunities.
• Support the preparation of annual budgets and forecasts
• Lead special projects related to AP system enhancements, automation, or process improvements.
• Contribute to corporate strategic initiatives by offering insights into cash flow management, vendor negotiations, and working capital optimization.
• Stay abreast of industry trends, technology innovations, and regulatory changes to continuously enhance the AP function.
• Participate in cross-functional projects such as mergers, acquisitions, and system upgrades, ensuring smooth integration of AP processes.
Accounts Receivable:
• Oversees and drives the team’s collection performance, ensuring that all targets are met or exceeded, with a focus on continuous improvement and strategic process enhancements
• Provides management oversight, offers strategic guidance and supports escalations across the AR team
• Approve and manage order hold/releases
• Leads the resolution of high-impact escalations, ensures efficient issue resolution and drives continuous improvement initiatives in the AR process
• Oversee team development, conduct regular training programs, and ensures team members are adhering to standard processes.
• Oversees special projects related to AR improvement, leads cross-functional initiatives and ensures smooth integration during mergers/acquisitions
Travel & Expenses
Knowledge, Skills and Abilities:
• Minimum 8 years of experience in accounting/finance, with at least 5 years in a supervisory or managerial role overseeing AR and AP processes in a multinational environment.
• Proven experience in managing and driving AR and AP month end close process
• Proficiency in Microsoft Office applications especially Microsoft Excel
• Prior experience in SAP preferred
• Excellent written and verbal communication skills, with experience in presenting to senior leadership and other stakeholders.
Preferred educational background:
• CA or Masters/Bachelor's degree
Preferred experiential background:
• Knowledge and skills typically acquired through previous positions in fast-paced corporate environments which involve responsibility for similar work
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DIAGNOSTICS
Genomic tools, research products, molecular diagnostics, NGS
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