Accounts Payable Manager

We are seeking an experienced and detail-oriented Accounts Payable Manager to oversee our Accounts Payable department. The ideal candidate will bring at least 5years of Accounts Payable management experience, with a strong background in managing high invoice volumes and utilizing large ERP systems. This role requires a proactive leader who can ensure accuracy, efficiency, and compliance in all aspects of accounts payable operations.

Responsibilities:

1. Leadership and Supervision:

   • Lead and supervise the Accounts Payable team, providing guidance, coaching, and performance management.
   • Foster a positive and collaborative work environment, promoting teamwork and professional development within the team.

2. Process Management:

   • Oversee the full cycle of accounts payable processes, including invoice processing, vendor payments, and expense reimbursements.
   • Ensure timely and accurate processing of invoices and payments, adhering to company policies and regulatory requirements.

3. Vendor Relations:

   • Manage vendor relationships and resolve any issues related to invoicing and payments promptly and effectively.
   • Negotiate favorable payment terms and discounts with vendors to optimize cash flow management.

4. Financial Controls:

   • Implement and maintain strong internal controls over accounts payable processes to minimize risks of errors and fraud.
   • Conduct regular audits and reconciliations to ensure accuracy and completeness of accounts payable transactions.

5. Reporting and Analysis:

   • Prepare and analyze accounts payable reports, metrics, and KPIs for management review.
   • Provide insights and recommendations for process improvements and cost-saving initiatives.

6. ERP System Management:

   • Utilize and optimize the functionality of large ERP systems (e.g., SAP, Oracle, etc.) to streamline accounts payable operations.
   • Collaborate with IT and Finance teams to implement system upgrades and enhancements as needed.

7. Compliance and Audit:

   • Ensure compliance with company policies, GAAP, and regulatory requirements related to accounts payable.
   • Support internal and external audits related to accounts payable processes and controls.

8. Training and Development:

   • Develop and conduct training programs for Accounts Payable staff on policies, procedures, and system updates.
   • Stay updated on industry best practices and technological advancements in accounts payable management.

Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration, or related field.
• Minimum of 5years of progressive experience in Accounts Payable management, ideally in a high-volume environment.
• Strong proficiency in using large ERP systems (e.g., SAP, Oracle, etc.) for accounts payable operations.
• Excellent leadership and managerial skills with a proven ability to motivate and develop a team.
• Advanced knowledge of accounts payable processes, financial controls, and compliance requirements.
• Analytical mindset with the ability to analyze data, identify trends, and make data-driven decisions.
• Excellent communication skills, both verbal and written, with the ability to interact effectively at all levels of the organization.
• Detail-oriented with strong organizational and problem-solving abilities..

Benefits:

• Competitive salary commensurate with experience.
• Comprehensive benefits package including medical, dental, vision, and retirement plans.
• Professional development opportunities and support for continuing education.
• Collaborative and inclusive work environment with opportunities for growth and advancement.