Accounts Payable Manager

Key Responsibilities

• Lead and manage the accounts payable team within the shared services department, providing guidance, support, and mentorship to team members.
• Develop and implement effective accounts payable policies, procedures, and controls to ensure accurate and timely processing of invoices, payments, and vendor inquiries.
• Oversee the management of vendor relationships, including vendor onboarding, invoice approval workflows, and resolution of payment discrepancies and disputes.
• Ensure compliance with company policies, regulatory requirements, and internal controls related to accounts payable processes, including segregation of duties and adherence to payment terms.
• Monitor and analyze key performance metrics, such as invoice processing time, invoice accuracy, aging reports, and cash flow projections, and take proactive measures to optimize efficiency and reduce costs.
• Collaborate with cross-functional teams, including operations, procurement, finance, treasury, and external auditors, to streamline processes, resolve issues, and drive continuous process improvements.
• Lead the implementation and optimization of accounts payable automation tools, systems, and technologies to enhance productivity, accuracy, and scalability.
• Conduct regular performance reviews and provide ongoing training and development opportunities to enhance the skills and capabilities of the accounts payable team.

Qualification & Requirements

• Bachelor’s degree in finance, accounting, business administration, or a related field; advanced degree preferred.
• 8+ years of progressive experience in accounts payable management, preferably within a shared services or multinational environment.
• Strong understanding of accounts payable principles, invoice processing workflows, payment terms, and vendor management.
• Proven track record of successfully leading and motivating teams to achieve and exceed accounts payable targets, improve efficiency, and reduce costs.
• Excellent analytical skills, with the ability to interpret complex data, perform trend analysis, and draw actionable insights.
• Exceptional communication, negotiation, and interpersonal skills, with the ability to build strong relationships with internal and external stakeholders.
• Proficiency in accounts payable software, ERP systems, and process automation tools, such as SAP, Oracle, Concur, and robotic process automation (RPA) platforms.

Benefits

No Information Available