Purpose of the position:
The Manager, Accounts Payable is responsible for
overseeing and managing the end-to-end accounts payable and payment management
functions. This role involves developing strategies to enhance operational
efficiency, ensuring compliance with internal controls and policies, and
leading a high-performing team. The incumbent will play a key role in
supporting the company’s financial health through accurate and timely
processing of payables, vendor relationship management, and optimization of
payment operations.
Key Responsibilities:
Strategic Planning and Process Improvement
- Develop and
implement strategies to enhance accounts payable and payment operations.
- Identify
automation opportunities and lead continuous improvement initiatives to
streamline processes.
- Collaborate with
Procurement, Treasury, and IT to improve end-to-end Account Payable
processes.
- Engage with
vendors and key stakeholders to maintain strong relationships and
resolve disputes effectively.
- Provide insights
and recommendations to senior management regarding cash flow, vendor
terms, and process optimization.
- Support
implementation and optimization of ERP systems and tools (e.g., SAP,
Oracle).
Team Leadership and Development
- Lead, coach, and
develop a team of accounts payable and payment professionals.
- Establish clear
performance expectations and foster a high-performance, accountable
culture.
- Identify
training needs and support continuous learning and development for the
team.
- Promote
teamwork, collaboration, and cross-functional knowledge sharing.
Accounts Payable Operations Management
- Lead and manage
the full accounts payable cycle, including invoice processing, vendor
reconciliations, credit notes, and aged payables management.
- Ensure timely
and accurate recording of transactions in compliance with internal
policies, accounting standards, and tax regulations.
- Oversee the
month-end close activities for AP, including accruals, reconciliations,
and reporting.
- Review and
monitor KPIs and SLAs to ensure high levels of service delivery and
process accuracy.
Payment Management
- Supervise the
planning and execution of vendor payments across multiple banking
platforms, ensuring efficiency, accuracy, and control.
- Coordinate with
Treasury for cash flow planning and funding requirements.
- Ensure adherence
to payment terms and optimize payment scheduling to improve working
capital.
- Manage and
mitigate payment-related risks, including fraud prevention controls.
Governance, Controls & Compliance
- Ensure
compliance with company policies, audit requirements, and applicable
financial regulations.
- Maintain robust
internal controls and support audit requests, including statutory and
internal audits.
- Monitor vendor
master data to ensure accuracy and integrity.
- Review and approve
high-value or sensitive transactions in accordance with the Delegation of
Authority (DoA).