What are the responsibilities and job description for the Accounts Payable Manager position at Augment Jobs?
Position Summary
The Accounts Payable Manager is responsible for overseeing the accounts payable function, ensuring accurate and timely processing of invoices, payments, and related financial transactions. This role requires strong leadership, attention to detail, and a deep understanding of accounting principles and practices. The Accounts Payable Manager will lead a team of AP specialists, drive process improvements, and ensure compliance with company policies and regulations.
Key Responsibilities
Competitive salary and benefits package, commensurate with experience.
The Accounts Payable Manager is responsible for overseeing the accounts payable function, ensuring accurate and timely processing of invoices, payments, and related financial transactions. This role requires strong leadership, attention to detail, and a deep understanding of accounting principles and practices. The Accounts Payable Manager will lead a team of AP specialists, drive process improvements, and ensure compliance with company policies and regulations.
Key Responsibilities
- Accounts Payable Operations: Manage the full accounts payable cycle, including invoice processing, payment disbursements, and vendor management. Ensure that all invoices are processed accurately and in a timely manner.
- Team Leadership: Lead, mentor, and develop the accounts payable team, providing guidance and support to ensure high performance. Foster a collaborative and efficient work environment.
- Process Improvement: Identify opportunities for process improvements within the accounts payable function. Implement best practices to enhance efficiency, accuracy, and control.
- Vendor Management: Maintain strong relationships with vendors, ensuring timely payments and addressing any issues or discrepancies. Negotiate payment terms and conditions with vendors as needed.
- Compliance and Controls: Ensure compliance with company policies, accounting standards, and regulatory requirements. Maintain and enhance internal controls to safeguard company assets and prevent fraud.
- Reporting and Analysis: Prepare and present accounts payable reports and metrics to management. Provide analysis on payment trends, cash flow, and other relevant financial data.
- System Management: Oversee the accounts payable systems and software, ensuring they are functioning effectively. Work with IT and other departments to implement system upgrades or changes as needed.
- Audit Support: Coordinate with internal and external auditors to provide necessary documentation and support during audits. Ensure that audit findings are addressed and corrected promptly.
- Cross-Functional Collaboration: Work closely with other departments, such as procurement, finance, and operations, to ensure alignment and efficiency in financial processes.
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
- A minimum of 5-7 years of experience in accounts payable, with at least 2-3 years in a supervisory or management role.
- Strong knowledge of accounting principles and accounts payable processes.
- Experience with accounting software and ERP systems (e.g., SAP, Oracle, QuickBooks).
- Excellent leadership and team management skills.
- Strong analytical and problem-solving abilities.
- High attention to detail and accuracy.
- Effective communication and interpersonal skills.
- Ability to work under pressure and meet tight deadlines.
- Certified Accounts Payable Professional (CAPP) or Certified Professional Accountant (CPA) designation.
- Experience in [specific industry or sector].
- Proficiency in Microsoft Excel and other financial reporting tools.
Competitive salary and benefits package, commensurate with experience.
