Account Receivable/ Payable Manager

The AR/AP Manager is responsible for overseeing the end-to-end Accounts Receivable and Accounts Payable functions, ensuring efficient cash flow management, strong internal controls, and accurate financial operations. This role leads teams across AR and AP, driving process improvements, optimizing working capital, and supporting the company’s financial objectives. RESPONSIBLITIES Accounts Receivable (AR) Oversight Lead credit, collections, and cash application team to ensure timely invoice processing and cash collection. Monitor AR aging, Days Sales Outstanding (DSO), and bad debt exposure. Drive credit risk management, including setting credit limits and reviewing customer financials. Ensure timely resolution of disputes and deductions. Partner with Sales to balance revenue growth with risk management. Provide forecasts for cash inflows Accounts Payable (AP) Oversight Oversee invoice processing, approvals, and payment execution (ACH, wire, check). Ensure timely and accurate vendor payments while optimizing payment terms and working capital. Manage vendor relationships and resolve discrepancies. Monitor AP aging and ensure capture of early payment discounts. Provide forecasts for cash outflows. Leadership & Team Management Lead, develop, and mentor AR and AP teams, fostering a high-performance culture. Set performance goals, KPIs, and conduct regular reviews. Drive accountability, collaboration, and continuous improvement across teams. Controls, Compliance & Reporting Ensure compliance with company policies, SOX/internal controls, and audit requirements. Oversee account reconciliations, month-end close activities, and reporting. Provide regular reporting on AR/AP metrics, including DSO, DPO, aging, and cash flow. Process Improvement Identify opportunities to improve credit evaluation processes and collection efficiency. Assist in implementing tools or system enhancements related to AR, AP and credit management. Establishes, implements, manages, and monitors critical accounting and reporting processes and associated metrics. Protects assets by establishing, monitoring, and enforcing internal controls. QUALIFICATIONS Bachelor’s degree in finance, Accounting, Business, or related field. 7-10+ years of experience in AR, AP or accounting operations, or related finance roles. Experience in a manufacturing setting required. Strong understanding of Order to cash, procure to pay processes, financial statements and credit risk assessment, and internal controls. Experience with ERP systems, preferably SAP. Proficient in Microsoft Excel and financial reporting. Proven experience in process improvement and team leadership. #LI-SM1 #NUCLEAR This description has been designed to indicate the general nature and level of work being performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Crane Company. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment and will not be discriminated against on the basis of race, color, religion, gender, sexual orientation, general identity, national origin, disability or veteran status. At Crane, we believe that attracting and retaining the highest quality people is the best insurance of success. Our goal is to recruit talented people and train them within a culture that calls for performance with trust and respect. Join us. The unique backgrounds and differences of our associates make us stronger, more capable, and more successful. Beyond an associate’s base compensation, we reward and reinforce wellbeing with a compelling package of both cash and non-cash benefits, including comprehensive health, wellness incentives, assistance with retirement savings, paid time off, paid holidays, and tuition reimbursement — as well as performance-based bonus programs for certain positions. Crane prioritizes career development for our associates. All associates receive an annual development plan that includes a mixture of on-the-job coaching and formal training experiences to support individual development needs. We firmly believe in associate growth that supports career progression and we will proactively support your ongoing career development.