Manager - Accounts Payable

Invoice Processing: Ensuring that all incoming invoices are accurately recorded, reviewed, andapproved before payment. This involves matching invoices with purchase ordersand receipts, as well as verifying the accuracy of the billing details.

Payment Processing: Managing the timing and method of payments to vendors and suppliers, which mayinclude checks, electronic funds transfers, or other payment methods. Ensuringthat payments are made on time to take advantage of any discounts offered bysuppliers.

Vendor Management: Building and maintaining relationships with vendors and negotiating paymentterms and discounts when possible. Addressing vendor inquiries and resolvingany disputes or discrepancies.

Recordkeeping: Maintainingaccurate and organized records of all accounts payable transactions. Thisincludes keeping track of payment schedules, invoices, receipts, and otherrelevant documentation.

Compliance: Ensuringcompliance with company policies and financial regulations related to accountspayable. This may also involve staying up-to-date with changes in tax laws andregulations.

Reporting: Generatingfinancial reports related to accounts payable, such as aging reports, cash flowprojections, and expenditure analysis. Providing these reports to seniormanagement for decision-making.

Process Improvement: Identifyingopportunities for process improvement and efficiency within the accountspayable function. Implementing automation and streamlining processes whennecessary.

Team Management: Ifapplicable, overseeing a team of accounts payable staff, assigning tasks, andproviding guidance and training to ensure the team operates effectively andefficiently.

Budgeting: Assisting withthe budgeting process by providing accurate accounts payable data andforecasts.

Audit Support: Preparingand providing documentation for internal and external audits, ensuringcompliance with audit requirements.

Payment Forecasting: Predicting future cash flow needs based on accounts payable obligations andcoordinating with the treasury department to ensure sufficient funds areavailable.

To excel in this role, an Accounts Payable Manager shouldhave strong organizational skills, attention to detail, and a goodunderstanding of accounting principles and financial regulations. They shouldalso possess excellent communication and negotiation skills to work effectivelywith vendors and internal stakeholders. Additionally, familiarity withaccounting software and financial management tools is typically required toperform the duties efficiently.