
Senior Accounts Payable Manager
6 days ago
The Head of Payables plays a pivotal role in ensuring the smooth functioning of an organization's accounts payable function. Reporting directly to the CFO/Financial Director, this individual is responsible for overseeing the entire payables process, from vendor payments to team operations and process improvement.
This leadership position requires a strategic thinker who can develop and implement efficient policies and procedures to maintain control, compliance, and robust financial performance. Key responsibilities include:
- Timely and Accurate Processing: Oversee the processing of all payments, vendor invoices, and expense reports to ensure accuracy and efficiency.
- Payables Policy Development: Develop, implement, and monitor payables policies and procedures to enhance efficiency, compliance, and control.
- Team Leadership: Lead and manage the accounts payable team, including hiring, training, goal setting, and ongoing development.
- Invoice Review and Approval: Review, validate, and approve invoices to ensure adherence to company policies, contractual terms, and regulatory requirements.
- Vendor Relationship Management: Manage vendor relationships and resolve payment disputes or queries.
- Record Keeping and Reconciliation: Maintain accurate records and reconciliations, and oversee month-end and year-end closing processes for payables.
- Process Optimization: Optimize payables processes, automation, and risk prevention controls to improve efficiency and reduce costs.
- Metric Analysis and Reporting: Prepare, analyze, and report on payables metrics, such as aging, cash flow, forecasts, and performance.
- Interdepartmental Collaboration: Coordinate with procurement, treasury, and accounting teams to ensure alignment and timely payments.
The ideal candidate will possess a Bachelor's degree in Accounting, Finance, or a related field, and at least 7 years of experience in accounts payable, with 3 years in a managerial/supervisory role. Strong expertise in payables processes, team leadership, and compliance management is essential. Proficiency in ERP/accounting systems and advanced MS Excel is also required. Additionally, excellent organizational, communication, and analytical skills are necessary for success in this role.
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