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Manager Accounts Payable
4 weeks ago
The Accounts Payable Manager is responsible for overseeing the day-to-day operations of the Accounts Payable department, ensuring accurate and timely processing of invoices, managing vendor relationships, and implementing efficient and effective accounts payable processes. The incumbent will play a crucial role in maintaining financial integrity, managing a team of AP professionals, and collaborating with cross-functional teams to drive process improvements and achieve departmental objectives. Stays up to date with industry trends and leading practices in accounts payable processes within the healthcare sector, making recommendations for process improvements that enhance efficiency and compliance.
Qualifications:
Minimum Education
Bachelor's Degree Accounting, finance, or a related field. (Required)
Minimum Work Experience
5 years Extensive experience in accounts payable, with a proven track record of managing AP operations. (Required)
Required Skills/Knowledge
Strong knowledge of accounts payable principles, practices, and relevant accounting standards.
Demonstrated leadership and people management skills.
Excellent analytical and problem-solving abilities.
Proficient in financial systems and software, including ERP systems.
Advanced Excel skills and data analysis capabilities.
Strong communication and interpersonal skills.
Detail-oriented, organized, and able to manage multiple priorities and deadlines.
This job description is a general guideline and additional responsibilities may be assigned based on the needs of the organization.
Required Licenses and Certifications
Certified Accounts Payable Manager or Accredited Payable Manager designation preferred. (Preferred)
Functional Accountabilities
Department Leadership
- Lead and manage the Accounts Payable team, including hiring, training, and developing team members.
- Set performance goals, provide regular feedback, and conduct performance evaluations.
- Foster a positive and collaborative work environment.
- Oversee the end-to-end accounts payable process, ensuring accuracy, efficiency, and compliance.
- Develop and implement policies, procedures, and internal controls to safeguard financial assets.
- Monitor and analyze key performance metrics to identify process bottlenecks and areas for improvement.
- Continuously optimize the accounts payable process to enhance productivity and reduce costs.
- Establish and maintain strong relationships with vendors and suppliers.
- Resolve vendor disputes, inquiries, and issues promptly and professionally.
- Conduct vendor performance evaluations and assess opportunities for strategic partnerships.
- Ensure compliance with relevant accounting principles, regulations, and company policies.
- Implement and enforce internal controls to prevent fraud, errors, and duplicate payments.
- Collaborate with internal audit and external audit teams during audit processes.
- Stay updated on changes in accounting standards and industry leading practices.
- a. Evaluate and recommend improvements to accounts payable systems and technologies.
- b. Collaborate with IT and finance teams to implement system upgrades and enhancements.
- c. Provide user support and training on accounts payable systems and processes.
- Collaborate with cross-functional teams, including finance, procurement, and IT to streamline processes and improve efficiency.
- Provide guidance and support to other departments on accounts payable matters.
- Participate in company-wide initiatives and projects related to financial operations.
- Prepare regular financial reports, including aging reports, cash flow projections, and key performance indicators.
- Analyze accounts payable data to identify trends, opportunities for cost savings, and process improvements.
- Present findings and recommendations to senior management
- Foster a culture of continuous learning and professional development within the Accounts Payable team.
- Provide guidance, coaching, and mentorship to team members.
- Promote a high level of professionalism and accountability
Organizational Accountabilities (Staff)
Organizational Commitment/Identification Teamwork/Communication Performance Improvement/Problem-solving Cost Management/Financial Responsibility Safety