AP Manager
1 week ago
The Accounts Payable (AP) Manager is responsible for overseeing and managing the company's accounts payable process to ensure timely and accurate processing of invoices, payments, and financial transactions. This role involves supervising the AP team, maintaining vendor relationships, ensuring compliance with company policies and financial regulations, and implementing process improvements to enhance efficiency.
Key Responsibilities:
1. Accounts Payable Operations Management
⦁ Oversee the entire accounts payable process, ensuring accuracy, efficiency, and compliance with company policies.
⦁ Review, approve, and process invoices, ensuring timely payments to vendors and suppliers.
⦁ Monitor and manage AP aging reports to avoid overdue payments and penalties.
⦁ Implement and maintain internal controls to prevent errors, fraud, or compliance issues.
2. Vendor and Supplier Relations
⦁ Maintain strong relationships with vendors and suppliers to ensure smooth transactions.
⦁ Resolve invoice discrepancies and disputes with vendors in a timely manner.
⦁ Negotiate payment terms and discounts to optimize cash flow.
3. Team Leadership & Development
⦁ Supervise, train, and mentor the accounts payable team to improve efficiency and accuracy.
⦁ Conduct performance reviews, provide feedback, and set goals for AP team members.
⦁ Develop and implement best practices for AP operations.
4. Compliance & Reporting
⦁ Ensure compliance with tax regulations, company policies, and financial reporting standards.
⦁ Prepare and review AP-related financial reports, reconciliations, and month-end closing tasks.
⦁ Assist in audits by providing required documentation and explanations.
5. Process Improvement & Automation
⦁ Identify and implement improvements to streamline AP processes and enhance efficiency.
⦁ Work with IT and finance teams to integrate and optimize accounts payable systems.
⦁ Promote the adoption of digital invoicing and automated payment solutions
Qualifications & Requirements:
⦁ Bachelor's degree in Accounting, Finance, or a related field.
⦁ Years of experience in accounts payable or financial management, with at least [X] years in a leadership role.
⦁ Experience working with ERP systems (e.g., SAP, Oracle, QuickBooks, NetSuite).
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