Accounts Payable Manager
Description
Cosette Pharmaceuticals, Inc. is a US-based, fully integrated pharmaceutical company with capabilities in product development, manufacturing, and commercial operations. Cosette has a fast-growing portfolio of branded pharmaceuticals consisting of products in the cardiology, women's health, and migraine markets. Cosette has a long history in quality manufacturing of complex dosage forms including topical creams, ointments, oral liquids/solutions and suppositories, which has led to consistent supply to customers and commercialization success. Cosette has corporate and manufacturing facilities in New Jersey and North Carolina and is supported by more than 300 dedicated employees across all functional areas.
Innovating every day.™
Position Summary
We are seeking a highly driven and experienced Accounts Payable Manager to lead and transform the function into a best-in-class, efficient, and controlled operation. This role goes beyond transactional oversight and is responsible for driving working capital optimization, enforcing Procure-to-Pay (P2P) discipline, enhancing automation, and delivering actionable financial insights to leadership.
The ideal candidate will be a strong leader, process owner, and change agent who can influence cross-functional teams, improve systems and workflows, and ensure the accounts payable function supports the company’s broader financial and operational goals.
Essential Duties & Responsibilities
- Oversee the timely and accurate processing of invoices and payments, ensuring adherence and enforcement of the established policies, including PO requirements and 3-way matching (PO, receipt, invoice)
- Collaborate with business units to ensure timely goods receipts and accurate invoice processing
- Review open PO and goods receipt and spend reports to identify and resolve process breakdowns
- Develop and enforce standard vendor payment terms (targeting Net 60) and drive compliance
- Drive initiatives to transition vendors from check payments to ACH and other electronic methods
- Own and drive improvements in Days Payable Outstanding (DPO) and overall working capital performance
- Prepare and manage weekly disbursement plans, short- and long-term cash flow forecasting including clear variance analysis versus forecast
- Provide leadership and oversight to the offshore AP team, including performance management, KPI tracking, and continuous improvement across the organization
- Drive continuous improvement within SAP S/4HANA and related systems to streamline workflows and eliminate inefficiencies
- Develop and maintain AP dashboards and KPIs and reporting packages, including invoice cycle time, automation rates, on-time payments, and exception trends
- Proactively identify risks and opportunities to improve financial and operational performance
- Oversee vendor master data governance and mitigate risks related to fraud and duplicate payments
- Ensure timely and accurate filing of 1099s and other regulatory requirements
- Support internal and external audits, ensuring timely and accurate responses
Position Requirements
Education: | Bachelor’s degree in Finance, Accounting, or a related field required. |
Experience: | 7+ years of progressive experience in relevant area SAP S/4 Hana experience a must Invoice automation tools experience required |
Skills and Abilities: | Ability to set and manage priorities judiciously Excellent communication and interpersonal skills Strong attention to detail Ability to motivate a team and foster a collaborative environment |
Salary Range
The expected base salary for this Bridgewater, NJ based position is $105,000 - $130,000. In addition, you may be eligible for a discretionary bonus if you are an active employee on the payment date.
Benefits
Hired applicants may be eligible for benefits, including but not limited to, medical, dental, vision, life insurance, short-term disability, long-term disability, 401(k) match, flexible spending accounts, health saving account, employee assistance program, tuition reimbursement program, parental leave, wellness program, paid time off, volunteer time, and holidays.
Physical Requirements
This role will follow a hybrid work schedule, requiring three (3) onsite days per week at our Bridgewater, NJ office.
Equal Opportunity Employment
Providing “equal employment opportunity” is one of the most important people policies of Cosette Pharmaceuticals, Inc. Our goal is to do all that we realistically can to provide genuine equal employment opportunity to applicants and employees in all phases of our operation. It is the policy of this Company that there shall be no discrimination with respect to employment, or any of the terms and conditions of employment, because of an individual’s race, creed, religion, color, national origin, citizenship, ancestry, age, gender identity or expression, affectional or sexual orientation, marital status, domestic partnership, familial status, atypical hereditary cellular or blood trait, disability (including AIDS and HIV infection), genetic information, liability for service in the United States armed forces or any other legally protected status. The Company is dedicated to ensuring that all employment decisions are in accordance with these principles of equal employment opportunity.