A document that outlines the responsibilities, duties, and qualifications required for a position overseeing both accounts payable (AP) and accounts receivable (AR) functions within an organization. For example, this document might specify managing vendor invoices, processing payments, reconciling accounts payable ledgers, generating customer invoices, managing collections, and resolving payment discrepancies. Such a description ensures clarity for both the employer and potential employees regarding expectations and required skills.
A well-defined role description facilitates efficient recruitment by attracting qualified candidates who possess the necessary expertise. It minimizes misunderstandings about the position’s scope and responsibilities, thereby contributing to smoother onboarding and improved employee performance. Historically, separating AP and AR functions was more common, but the integration of these roles often leads to increased efficiency, better cash flow management, and improved communication between financial departments.