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Accounts Payable Manager

Waverly, IA, US


  • More than 50 locations worldwide.
  • We market our products to customers in more than 150 countries.


About the Position:

Title:                    Accounts Payable Manager

Reports to:          Finance Director

Location:             Waverly, Iowa 

Relocation:          Available


About Global Business Services (GBS)

GBS US is one of five worldwide shared service centres supporting Terex entities in the United States. GBS is responsible for a range of financial functions including General Ledger Accounting, Accounts Payable, Accounts Receivable and Business Tax.


Position Overview:

The Accounts Payable Manager is responsible for day to day leadership of the Accounts Payable team; overseeing the payment processing; including entry of invoice, problem resolution and processing of manual/exception payments; delivering performance that meets or exceeds Service Level Agreement.


Drive continuous improvement and customer responsiveness in GBS service delivery.


Standardize, simplify and optimize invoice-to-pay process utilizing lean techniques to capture financial efficiency (productivity and cost) and process effectiveness (quality and delivery).



  • Provide leadership in all components of accounts payable to ensure completeness, accuracy and timeliness of supplier payments.
  • Champion process optimization, standardization and improvement initiatives for invoice processing, invoice resolution, cash disbursements and internal controls.
  • Ensure service performance meets business needs and quality, delivery and cost expectations; promote corrective and preventative action for deviations from key performance metrics.
  • Foster and manage an effective partnership with business and GBS stakeholders to establish a collaborative team approach to problem solving and issue resolution.
  • Create a culture of continuous improvement and customer responsiveness, teach and mentor in the application of lean techniques to performance improvement efforts.
  • Assist with global process change management protocol, develop and maintain process documentation, ownership and governance to ensure global consistency.
  • Support talent development through continuous improvement initiatives, performance assessment, coaching and evaluation, team member professional development and active participation in the delivery of accounts payable and finance training.
  • Driving resolution of root cause in supplier invoice exception e.g. matching errors of vendor invoice, purchase order and receipt acknowledgment.
  • Monthly sign off on CDV controls to confirm compliance of processes including involvement with independent self-testing.
  • Oversee reconciliation of accounts payable balances, month end close and vendor statements.
  • Management reporting specific to accounts payable – cash forecasting, weekly and monthly metrics.
  • Audit support specific to accounts payable.
  • Direct supervision of Accounts Payable staff.
  • Recruitment of AP team members and regular review of staffing requirements.
  • Work to manage resource requirements on a timely basis such that service levels are maintained.
  • Open to additional responsibilities / activities related to the Accounts Payable process as GBS continues to grow and becomes broader in its support to the business units.
  • Embrace and promote the Terex Way: Integrity, Respect, Improvement, Servant Leadership, Courage and Citizenship.


Basic Qualifications:

  • Bachelor's degree in Accounting, Finance or Business 
  • 5+ years of experience in Accounts Payable


Preferred Qualifications:

  • 3+ years of Accounts Payable Management experience
  • Experience with Oracle
  • Experience creating improvements and efficiencies



Candidate will need to have the flexibility to travel up to 25%, both domestically & globally 


Location: US-IA Waverly HR 

Department: Finance 

Job ID: 4629 


Terex Overview:

Terex Corporation is a $4.5 billion, publicly traded global manufacturer of lifting and material processing products and services. The company is passionate about producing equipment that improves the lives of people around the world. Terex operations are global, yet each office or factory is a close-knit community. Terex provides team members with a rewarding career and the opportunity to make an impact. The company values diversity and inclusion, safety, integrity, respect, servant leadership, courage and citizenship. It encourages continuous improvement and offers free courses available through Terex University. Women@Terex provides a supportive network for Terex women in their jobs and careers. It’s an exciting time to be part of the expanding manufacturing sector. Terex is a place where you can work and grow. Come talk to us!


Additional Information:

It is the policy of the company to attract and retain the best qualified employees. We are committed to providing employment opportunities to the most qualified internal or external candidate based on work-related factors and without regard to non work-related factors including race, color, religion, national origin, gender, sexual orientation, gender identity, age, disability, or veteran status as a special disabled veteran, Vietnam Era Veteran, or other qualifying veteran.


The Company offers competitive salaries, advancement opportunities, and a full range of benefits, including paid vacation, 401(k), medical, dental, and vision.


Terex Corporation is an Equal Opportunity Employer and Affirmative Action Employer M/F/D/V



Nearest Major Market: Waterloo