About the Role
The Manager of Accounts Payable will oversee the day-to-day operations of the accounts payable team and ensure the timely, accurate, and efficient processing of all vendor invoices and payments. This role will be responsible for optimizing accounts payable workflows, implementing best practices, ensuring compliance with financial regulations, and supporting the company's overall financial goals.
What You'll Do
- Leadership & Management:
- Lead, mentor, and develop a team of accounts payable professionals.
- Foster a collaborative and high-performance work environment.
- Set performance standards and provide coaching and training to ensure the team meets departmental goals.
- Accounts Payable Operations:
- Oversee the full accounts payable cycle, including invoice processing, approval workflows, payment disbursements, and vendor communications.
- Ensure timely and accurate processing of vendor invoices in accordance with company policies.
- Maintain vendor relationships and resolve payment issues or disputes in a professional manner.
- Process Improvement & Efficiency:
- Continuously evaluate and improve the accounts payable processes to enhance efficiency, reduce costs, and support organizational growth.
- Develop and implement controls and best practices to mitigate risks and ensure compliance with financial policies and regulations.
- Financial Reporting & Analysis:
- Assist in the preparation of accurate financial statements, reports, and analysis related to accounts payable activities.
- Monitor accounts payable aging reports and work closely with other departments to resolve outstanding issues.
- Ensure accurate reconciliation of accounts payable accounts, ensuring that discrepancies are addressed in a timely manner.
- Compliance & Controls:
- Ensure adherence to internal controls, accounting standards, and corporate policies to maintain accuracy and integrity in financial transactions.
- Oversee tax compliance and support with audits as necessary.
- Collaboration & Cross-functional Support:
- Work closely with other departments (Procurement, Treasury, Tax, and Legal) to ensure smooth workflows and alignment across the organization.
- Serve as the subject matter expert for accounts payable and provide guidance to other teams on AP-related matters.
- System Management & Technology:
- Maintain and enhance accounts payable systems, ensuring they are up to date with the latest software and technologies.
- Manage the implementation of new AP systems or upgrades as needed to increase automation and streamline processes.
Who You Are
- Bachelor's degree in Accounting, Finance, or related field; CA/ MBA/ CPA or CMA preferred.
- 7+ years of experience in accounts payable, with at least 3 years in a leadership role.
- Strong knowledge of accounts payable processes, financial systems, and controls.
- Experience with ERP systems (SAP, Oracle, or similar) and advanced Excel skills.
- Proven ability to lead and develop a high-performing team.
- Excellent problem-solving, communication, and interpersonal skills.
- Strong attention to detail and ability to manage competing priorities in a fast-paced environment.
- Knowledge of SOX compliance, tax regulations, and auditing practices is a plus.
