Position Summary:

Penn Foster’s Accounting team delivers high quality financial reporting and decision-making support across the organization. We are seeking a seasoned Sr. Manager, Accounts Payable and Treasury, to lead our AP and cash management operations. This role will ensure accurate and timely processing of vendor payments, compliance with regulatory and internal policies, and the efficient use of cash and corporate credit cards. Reporting to the Controller, this role requires strong leadership, operational expertise, and a forward-thinking approach to technology integration.

Essential Job Functions:

Accounts Payable Management

• Lead daily AP operations including invoice processing, GL/cost center coding, payment runs, and issue resolution
• Maintain compliance with internal controls and external regulations (e.g. 1099 reporting, sales tax)
• Safeguard the integrity of the vendor master file and approval workflows
• Optimize invoice approval workflow, procure-to-pay and employee reimbursement processes

Treasury and Cash Management

• Develop strategies to enhance working capital and improve cash utilization efficiency
• Manage daily liquidity, including approval of disbursements and transfers
• Consolidate corporate credit card programs into one platform, enhance users’ experience, and streamline expense submission and approval workflow
• Foster strong partnership with banking and credit card partners
• Review cash related journal entries, variance analysis and balance sheet reconciliations

Leadership & Reporting

• Hire, mentor and lead a high-performing AP and Treasury team across remote environments
• Define and track KPIs to measure process efficiency and team performance
• Support month-end and year-end close and annual audit activities related to AP and cash management
• Contribute to special projects, including system upgrades or conversion, and policy updates
• Leverage AI and other robotic process automation tools to streamline processes and enhance productivity

Knowledge, Skills, Abilities:

• Bachelor’s degree in accounting or equivalent experience required
• 10+ years of progressive experience in AP, treasury or accounting, with 5+ years in a leadership role managing both exempt and non-exempt staff in a remote setting
• Proficiency in Microsoft Excel
• Familiarity with Dynamics 365, NetSuite, online banking and corporate commercial card platforms preferred
• Strong knowledge of GAAP, SOX and internal controls
• Demonstrated success in leading process improvements and cross-functional initiatives
• Excellent communication and interpersonal skills with the ability to influence stakeholders
• Experience in a PE-backed or multi-entity environment is a strong plus

About Us: At Penn Foster Group, we are transforming online learning to help learners by bringing together Penn Foster, CareerStep, Ashworth College, James Madison High School, the New York Institute of Photography, the New York Institute of Art and Design, and other education platforms. Together, we create an accelerated path to greater economic mobility through real-world skills and knowledge that enable learners to achieve long-term success in the workplaces of the future. Our history dates back to 1890 when our founder, Thomas Foster, pioneered distance education by offering training by mail for coal miners to get the necessary skills for safer jobs. Today, with the partners who use our education and training programs, we continue that mission of providing accessible training and education for in-demand skills and are building a workforce that’s prepared for the future job market.

Equal Employment Opportunity: We strive toward Diversity, Equity, and Inclusion at Penn Foster Group by intentionally building diverse teams – in identities, lived experiences, and ideas to create a culture where people feel connected to each other and have a sense of belonging. We value diversity, equity, and inclusion because it is the foundation that enables us to achieve what we set out to do as an organization – from maximizing the number of learners who can reach their goals while giving them the kinds of experiences we want them to have, to becoming the type of company we want to work in.

What We Offer: We offer a robust benefits package that includes medical, dental, vision, flexible spending, generous paid time off, sponsored volunteer opportunities, a 401K with a company match, and free access to our online programs.