Burlington Stores

Off-price retailer selling excess inventory

Director Accounts Payable

Accounts Payable/ReceivableConfirmed live in the last 24 hours

Full-timeBurlington, MA, USA$135k - $175k

About the Job

Requirements

A bachelor's degree in Accounting or Finance is required.
Eight to ten years of accounts payable-related experience, including four to five years of management experience, is required.
Demonstrated knowledge of accounts payable operations, experience with a large enterprise resource planning accounts payable system, and understanding of business, accounting, and accounts payable policies are required.
Proficiency in Microsoft Office Suite, Oracle 11i and/or Oracle Purchasing, MicroStrategy, and other reporting tools is required.
The role requires the ability to communicate effectively with management, peers, and external parties; lead a team toward a common goal; manage multiple projects simultaneously; meet deadlines and use resources effectively; determine staffing needs and hire appropriate resources; work with associates at all organizational levels; understand common and unique business processes and seasonal trends; take direction and implement changes; adapt to a changing business environment; and understand and adhere to control procedures.

Responsibilities

Provide overall responsibility and guidance for accounts payable functions and departmental personnel across merchandise and expense accounts payable, including required reports and vendor payments; assign and prioritize tasks in coordination with the department's senior management team.
Serve as the liaison between company personnel and vendors to resolve accounts payable issues.
Complete month-end close activities, including journal entries, reconciliations, audits of related accounts, and management of monthly financial record closing and postings.
Oversee testing and implementation of modifications to accounts payable systems.
Coordinate with internal and external auditors for periodic reviews and Sarbanes-Oxley compliance, and provide deliverables for quarterly and annual financial statement audits.
Support corporate, store, and vendor process improvements and initiatives; develop, prepare, and present monthly operating reports, key performance indicators, and other required reporting deliverables.
Ensure timely and accurate vendor master file maintenance, including oversight of vendor setup and ongoing maintenance.
Analyze data to identify trends and forecasts for company strategic planning and communicate findings to senior management.
Develop and direct process-improvement initiatives and monitoring controls within the function, and proactively escalate and resolve issues.
Determine the department's strategic objectives and policies; communicate objectives, policies, and responsibilities; and monitor progress toward objectives and policies.
Develop, prepare, and review monthly management reporting deliverables.
Develop, implement, and maintain systems, procedures, and policies for accounts payable functions to ensure adherence to company guidelines.
Develop and maintain productive relationships with vendors, business units, and corporate stakeholders.
Hire and mentor support staff and ensure personnel training, development, and advancement.
Develop a roadmap for transforming the accounts payable function while maintaining lean processes; provide business case studies, alternative support approaches, project plans, and communication plans to advance improvements in transactional financial and procurement activities.
Maintain and update team process documentation and identify opportunities to improve process efficiency.

Desired Qualifications

Retail experience is preferred but not required.

Position Overview

The Director of Accounts Payable will have the overall responsibility for the Accounts Payable Department for all aspects of Merchandise and Expense Accounts Payables, Vendor Master Maintenance and Deduction Research & Resolution

Performance expectations are:
• Determining the department’s strategic objectives and policies
• Clearly and concisely communicating the objectives, policies and responsibilities
• Monitoring and measuring progress towards achieving the objectives and policies
• Effective mentoring and hiring of support staff and ensuring training, development and advancement of personnel
• Providing leadership, business case studies, alternative support approaches, project and communication plans to aggressively move forward in challenging current transactional related financial and procurement activities
• Build and maintain effective and productive relationships with internal /external customers (Vendors, Merchants, Logistics, other Finance teams &Vendor Relations) through collaborative, timely and accurate interaction and responses
• Maintaining and updating team process documentation & opportunities to enhance process efficiencies.
• Develop a roadmap for transforming the Accounts Payable function, while continuing to ensure the organization is best-in-class with lean processes.
Specific Detailed Responsibilities:
• Serve as the liaison for Company Personnel and Vendor Community in resolution of accounts payable issues. Complete month-end close, including journal entries, reconciliations, and audits of related accounts. Oversee testing and implementation of modifications to accounts payable systems; provide coordination with internal and external auditors for periodic reviews and SOX compliance; support all corporate, store and vendor process improvements and initiatives, develop, prepare and present all monthly reporting deliverables, including the Monthly Operating Reports, Key Performance indicators and other reporting as defined, provide deliverables for quarterly and annual financial statement audits, as well as other special projects as determined. Ensure timely and accurate Vendor master file maintenance, including oversight of vendor set up process and ongoing maintenance

A Day in the Life

Overall responsibility and guidance for all accounts payable functions and departmental personnel, in all aspects of Merchandise and Expense accounts payable including preparation and filing of required reports and payments to all vendors, organizations, and employees; as well as assigning and prioritizing tasks as defined in conjunction with the Department’s Senior Management team.
Analyzes data to determine trends and forecasts to assist in Company strategic planning and communicates such information to senior management.
Develop and direct process improvement initiatives and monitoring controls within functional area. Escalate and resolve issues proactively.
Determining the department’s strategic objectives and policies
Develops, prepares and reviews all monthly reporting deliverables for management use.
Manages monthly closing of financial records and postings.
Develops implements and maintains systems, procedures and policies around accounts payable functions to ensure adherence to company guidelines.
Develop and maintain partner relationships with vendor community, business units and corporate stakeholders.
Effective mentoring and hiring of support staff and ensuring training, development and advancement of personnel

You'll Come With

Education and Qualifications:

Education: Bachelor's Degree in Accounting/Finance

Experience: Work Experience: 8 - 10 years of accounts payable related experience, including 4 - 5 years management experience - retail experience preferred but not required

Skills and Abilities:

Demonstrated knowledge of accounts payable operations with large ERP AP system experience, as well as understanding of business, accounting and accounts payable policies
Ability to effectively communicate with management, peers and external parties
Ability to lead a team towards a common goal
Respected leader, with a quantifiable track record of success in delivering results within a large complex organization
Excellent analytical, problem solving and organizational skills
Ability to manage multiple projects simultaneously
Ability to work within deadlines and utilize resources to meet those deadlines
Ability to determine staffing needs and hire appropriate resources
Ability to work with associates at all levels within the organization
Understanding of business, accounting and accounts payable policies
Strong understanding of common and unique business process and seasonal trends
Ability to take direction and implement changes
Ability to adapt to changing business environment
Understanding of and adherence to control procedures
Proficiency in MS Office Suite, Oracle 11i and/or Oracle Purchasing, Micro Strategy and other reporting tools

Burlington Stores is not able to provide visa sponsorship for this position. Candidates must be legally authorized to work in the United States without sponsorship by the company.

Come join our team. You’re going to like it here!

You will enjoy competitive wages, flexible hours, and an associate discount. Burlington’s benefits package includes medical, dental and vision coverage including life and disability insurance. Full-time associates are also eligible for paid time off, paid holidays and a 401(k) plan.

We are a rapidly growing brand and provide a variety of training and development opportunities so our associates can grow with us. Our teams work hard and have fun together! Burlington associates make a difference in the lives of customers, colleagues, and the communities where we live and work every day. Burlington Stores, Inc. is an equal opportunity employer committed to workplace diversity

Individual pay decisions will be based on a variety of factors, such as but not limited to, qualifications, education, job-related skills, relevant experience, and geographic location.

Compensation Range: $135,000.00 - $175,000.00

About the Company

Burlington Stores

Off-price retailer selling excess inventory

Burlington Stores buys excess inventory from manufacturers and other retailers and resells it in its physical stores and online at discounted prices for brand-name clothing, home decor, and more. Customers access a wide assortment of recognizable brands at reduced prices, with options like gift cards and a loyalty program. It differentiates itself by offering a large off-price selection across categories and a strong emphasis on corporate social responsibility, diversity, and community initiatives. Its goal is to provide meaningful savings while maintaining quality and value and to grow its reach through both stores and online channels.

Company size: 10,001+
Company stage: IPO
Headquarters: Greensboro, NC
Founded: 1923

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