What are the responsibilities and job description for the Accounts Payable Manager position at Bath Saver, Inc. dba Bath Fitter?
Accounts Payable Team Lead Job Description
Overview
The Accounts Payable (AP) Team Leader is responsible for overseeing the day-to-day operations of the AP department. They lead a team of AP specialists, ensuring accurate and timely processing of invoices and payments. The AP Team Leader collaborates with other departments, vendors, and management to maintain efficient financial processes.
Key Responsibilities:
- Supervision and Leadership:
- Manage and guide the AP team, including training, and performance evaluations.
- Set clear goals and expectations for team members.
- Promote a positive work environment and further teamwork.
- Invoice Processing:
- Review and approve invoices for accuracy, proper coding, and adherence to company policies.
- Ensure timely entry of invoices into the accounting system.
- Resolve discrepancies and exceptions promptly.
- Payment Processing:
- Coordinate payment runs (checks, ACH, wire transfers) according to payment terms.
- Prioritize payments based on due dates.
- Month-End Close:
- Assist in month-end and year-end closing processes.
- Reconcile AP accounts and help to prepare accruals.
- Process Improvement:
- Identify opportunities to streamline AP processes and enhance efficiency.
- Implement best practices and automation tools.
- Ensure compliance with internal controls and audit requirements.
- Vendor Management:
- Resolve vendor disputes and maintain positive relationships.
- Monitor vendor master data accuracy.
- Training and Development:
- Provide ongoing training to team members on AP processes and software.
- Stay informed about industry trends and changes in regulations.
Qualifications:
- A degree in Accounting, Finance, or related field preferred.
- A minimum of 2-4 years of experience in accounts payable, with prior supervisory experience.
- Proficiency in utilizing accounting software.
- Strong analytical skills and attention to detail.
- Excellent communication and interpersonal abilities.
