Accounts Payable Manager

3 months ago


Mumbai Metropolitan Region, India Cerberus Capital Management Full time

About Cerberus


Founded in 1992, Cerberus is a global leader in alternative investing with approximately $67 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at .


Job Summary:

We are seeking an experienced and strategic Accounts Payable (AP) Head to lead and manage our Accounts Payable department. The Head of Accounts Payable will play a crucial role in shaping a data-driven team committed to driving exceptional operational efficiency through innovative, data-backed strategies. The Accounts Payable leader will inspire and develop a dynamic, collaborative team, empowering employees to excel and thrive in a fast-paced environment. In addition to leading all aspects of the accounts payable function, ensuring timely and accurate payments, maintaining strong relationships with vendors, and ensuring compliance with company policies and relevant regulations; and driving projects for AP function optimization and collaborating on cross-functional projects.


Responsibilities:


Leadership & Management:

  • Lead and inspire the Accounts Payable team by cultivating a dynamic, data-driven environment with a sharp focus on operational excellence through data-driven processes
  • Provide proactive mentoring, training, and development opportunities to foster a passionate and high-performing team.
  • Develop and implement policies, procedures, and controls to ensure the efficiency and effectiveness of the AP function.
  • Drive continuous improvement initiatives within the AP department, leveraging technology and best practices.
  • Collaborate with other finance teams and departments to ensure smooth operations and address any cross-functional issues.


Accounts Payable Operations:

  • Oversee the end-to-end accounts payable process, including invoice processing, payment disbursements, vendor management, invoice allocation, and various reconciliations.
  • Deliver timely and accurate processing of vendor invoices, employee expense reports, and other payments out of Basware
  • Manage the AP aging report, ensuring timely resolution of overdue invoices.
  • Review and approve large and or complex transactions aligned to compliance policies and controls.


Vendor Management:

  • Develop and maintain strong relationships with key vendors, ensuring that issues are resolved promptly and effectively.
  • Negotiate payment terms and contracts with vendors to optimize cash flow and working capital.
  • Ensure the timely and accurate processing of vendor payments, while maximizing early payment discounts where applicable.


Compliance & Risk Management:

  • Ensure compliance with all applicable accounting standards, laws, and regulations.
  • Affirm internal controls within the AP process, ensuring that they are adequate and functioning effectively.
  • Secure and maintain vendor tax records (W-8/W-9 tax forms) and drive new vendor onboarding process
  • Provide the vendor annual 1099 reporting and ensure compliance with regulatory requirements.
  • Coordinate with internal and external auditors to facilitate audits and provide necessary documentation and explanations.
  • Identify and mitigate risks related to the AP function.


Reporting & Analysis:

  • Prepare and present regular reports on AP performance, including key metrics such as DPO (Days Payable Outstanding), error rates, and processing times.
  • Conduct detailed analyses of AP data to identify trends, variances, and opportunities for improvement.
  • Provide insights and recommendations to senior management based on analysis and reporting.


Qualifications & Experience:

  • Bachelor’s degree in Accounting, Finance, or a related field. A Master's degree or relevant professional certification is preferred.
  • 12 to 20 years of progressive experience in accounts payable, finance, or accounting, with at least 5 years in a leadership role.
  • Preferred knowledge of accounts payable processes, policies, and best practices.
  • Excellent leadership and team management skills, with a proven ability to develop and motivate teams.
  • Strong analytical and problem-solving skills, with the ability to make data-driven decisions.
  • Excellent communication and interpersonal skills, with the ability to work effectively with cross-functional teams and external vendors.
  • Strong understanding of financial controls, compliance, and risk management.
  • Experience in Tymetrix / e-billing legal system a plus
  • Experience using Business Central software, StavPay, Business Objects, Data Warehouse skills a plus



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