Other Specification:

• Masters degree in accounting, finance, or a related field
• 5+ years of experience in accounts payable or a related finance role is highly valuable for an accounts payable manager position
• Knowledge of internal control procedures, accounts payable processes, including invoice processing, payment methods, vendor management, and financial recordkeeping, is essential.
• Familiarity with tax regulations, reporting requirements, and compliance standards related to accounts payable activities
• Strong analytical, leadership and team management skills.

Job Description:

• Establishing and maintaining relationships with vendors, reviewing vendor contracts, negotiating payment terms, resolving payment discrepancies, and addressing any issues or concerns raised by vendors.
• Reviewing and approving invoices for payment, verifying the accuracy of invoice details, ensuring proper coding and documentation, and confirming that goods or services have been received and meet the required standards.
• Oversees the payment processing function, ensuring that payments are made in accordance with established policies and procedures while coordinating with the finance or treasury department to initiate payments, reviewing and approving payment runs, and ensuring payments are properly authorized and documented.
• Maintaining compliance with financial regulations and internal control policies ensuring that all payments are made in accordance with applicable laws and regulations, monitoring adherence to internal control procedures, and implementing corrective measures when necessary.
• Evaluating and improving accounts payable processes and system identifying opportunities for automation, streamlining workflows, and implementing best practices to enhance efficiency and accuracy.
• Providing leadership and guidance to the accounts payable team by setting performance goals, conducting performance evaluations, providing training and development opportunities, and resolving any employee issues or conflicts that may arise.
• Providing financial analysis and reports related to accounts payable activities analyzing vendor spend, identifying cost-saving opportunities, and preparing reports for management that provide insights into the organization's financial health and performance.
• Supporting internal and external audits providing necessary documentation, addressing audit queries, and ensuring compliance with audit requirements.

Source: Merojob

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