Accounts Payable Senior Manager

3 weeks ago


Navi Mumbai, Maharashtra, India Fugro Full time
Job Description

Who We Are

Fugro is a global leader in Geo-data, and we're seeking a skilled Accounts Payable Lead to join our Finance Shared Services Centre. Our team is dedicated to providing invaluable insights to our clients, and we're looking for a talented individual to help us drive our pioneering spirit further.

Job Summary:

The Accounts Payable Lead is responsible for overseeing the accounts payable function within the Finance Shared Services Centre. This position requires strong leadership skills and a solid understanding of accounts payable processes and best practices.

Key Responsibilities:

  • Leadership and Team Management:
    • Lead and manage a team of accounts payable accountants, providing guidance, training, and performance feedback.
    • Set clear goals and objectives for the team and ensure they are met.
    • Foster a collaborative and positive work environment.
  • Accounts Payable Process Management:
    • Develop and maintain accounts payable processes and procedures to ensure efficient and accurate processing of invoices, payments, and expense reports.
    • Monitor and analyze accounts payable metrics to identify areas for improvement and implement process enhancements.
    • Ensure compliance with company policies, relevant accounting standards, and regulatory requirements.
  • Vendor Management:
    • Establish and maintain relationships with vendors, resolving any issues or discrepancies related to payments or invoices.
    • Negotiate payment terms and discounts with vendors to optimize cash flow and minimize costs.
    • Perform periodic vendor performance reviews and evaluate vendor contracts.
  • Invoice Processing and Payments:
    • Oversee the timely and accurate processing of invoices, ensuring proper coding, approval, and documentation.
    • Coordinate with internal stakeholders to resolve invoice discrepancies and exceptions.
    • Review and authorize payment runs, including electronic payments and checks.
    • Ensure payments are allocated and posted on a timely basis.
    • Ensure payments against supplier statements of account are reconciled.
  • Expense Report Management:
    • Manage the processing of employee expense reports, ensuring compliance with company policies and expense guidelines.
    • Review and reconcile expense reports, ensuring appropriate approvals and documentation.
    • Provide guidance and support to employees on expense report submission and reimbursement.
  • Financial Reporting and Analysis:
    • Assist in the preparation of accounts payable-related financial reports, including month-end close activities.
    • Monitor and analyze accounts payable aging, such as days purchases outstanding (DPO), and cash flow.
    • Conduct periodic analysis of accounts payable data to identify trends, outliers, and opportunities for cost savings.
    • Collaborate with the GL team and Controllers to ensure accurate and timely financial reporting.
    • Prepare balance sheet schedules on a monthly basis.
    • Review of monthly balance sheet reconciliations and schedules.
    • Reconcile dedicated GL accounts, resolving any unreconciled items.
    • Support the Controller/FOM on P&L variance and balance sheet analysis.
    • Provide cost reports to internal stakeholders as required.

Qualifications and Requirements:

  • Chartered accountant or MBA or Master's degree in Accounting, Finance, MBA Finance, or professional degree like CPA, CMA, ACCA is a must.
  • Proven experience (7-12 years minimum) in accounts payable or Spent Management or Procure to pay process preferably in a shared services or similar environment.
  • Strong knowledge of accounts payable principles, practices, and relevant accounting standards.
  • Must have experience in leading and managing a team.
  • Proficiency in using accounting software and enterprise resource planning (ERP) systems.
  • Excellent analytical and problem-solving skills.
  • Strong attention to detail and accuracy.
  • Effective communication and interpersonal skills.
  • Ability to work under pressure and meet tight deadlines.

What We Offer:

Fugro provides a positive work environment, projects that satisfy curious minds, great opportunities to stretch and develop, and the freedom to grow faster. We encourage you to be yourself at Fugro, bringing your energy, enthusiasm, keen eye, and can-do attitude. We believe that a diverse, driven team is our strength, and we value everyone for their unique perspectives, experiences, knowledge, and talents.

Our View on Diversity, Equity, and Inclusion:

At Fugro, we believe that getting diversity, equity, and inclusion right brings a sense of belonging, safety, and acceptance, making us feel more connected to our purpose 'together create a safe and livable world' – and to each other.

Disclaimer for Recruitment Agencies:

Fugro does not accept any unsolicited applications from recruitment agencies. Acquisitions to Fugro Recruitment or any Fugro employee are not appreciated.



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