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Title
Text copied to clipboard!Payable Manager
Description
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We are looking for a dedicated and experienced Payable Manager to join our finance team. The ideal candidate will be responsible for overseeing the accounts payable department, ensuring that all invoices are processed accurately and in a timely manner. This role requires a strong understanding of accounting principles, excellent organizational skills, and the ability to manage a team effectively. The Payable Manager will work closely with other departments to ensure that all financial transactions are recorded correctly and that the company’s financial obligations are met. This position requires a high level of attention to detail, as well as the ability to analyze financial data and generate reports. The successful candidate will have a proven track record of managing accounts payable processes, implementing process improvements, and maintaining strong vendor relationships. Additionally, the Payable Manager will be responsible for developing and maintaining internal controls to prevent fraud and ensure compliance with company policies and regulations. This role offers the opportunity to work in a dynamic and fast-paced environment, where you can make a significant impact on the company’s financial operations. If you are a proactive and results-oriented professional with a passion for finance, we encourage you to apply.
Responsibilities
Text copied to clipboard!- Oversee the accounts payable department and manage the team.
- Ensure timely and accurate processing of invoices and payments.
- Develop and implement accounts payable policies and procedures.
- Maintain strong relationships with vendors and resolve any payment issues.
- Monitor and analyze accounts payable data to identify trends and areas for improvement.
- Prepare and present accounts payable reports to senior management.
- Ensure compliance with company policies and regulatory requirements.
- Develop and maintain internal controls to prevent fraud.
- Coordinate with other departments to ensure accurate financial reporting.
- Manage the month-end and year-end closing processes for accounts payable.
- Review and approve payment runs.
- Reconcile accounts payable transactions.
- Assist with audits and provide necessary documentation.
- Train and mentor accounts payable staff.
- Implement process improvements to increase efficiency.
- Handle escalated vendor inquiries and disputes.
- Ensure proper documentation and record-keeping for all accounts payable activities.
- Monitor cash flow and manage payment schedules.
- Collaborate with the procurement team to streamline the purchasing process.
- Stay updated on industry best practices and changes in regulations.
Requirements
Text copied to clipboard!- Bachelor’s degree in Accounting, Finance, or related field.
- Minimum of 5 years of experience in accounts payable or related role.
- Proven experience in a managerial or supervisory position.
- Strong understanding of accounting principles and accounts payable processes.
- Excellent organizational and time management skills.
- Ability to analyze financial data and generate reports.
- Proficiency in accounting software and Microsoft Office Suite.
- Strong attention to detail and accuracy.
- Excellent communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Experience with ERP systems is a plus.
- Strong problem-solving skills.
- Ability to handle confidential information with integrity.
- Knowledge of regulatory requirements and compliance standards.
- Proven track record of implementing process improvements.
- Ability to manage multiple tasks and meet deadlines.
- Strong leadership and team management skills.
- Experience in developing and maintaining internal controls.
- Ability to work in a fast-paced environment.
- Professional certification (e.g., CPA, CMA) is a plus.
Potential interview questions
Text copied to clipboard!- Can you describe your experience managing an accounts payable team?
- How do you ensure accuracy and timeliness in processing invoices?
- What strategies do you use to maintain strong vendor relationships?
- Can you provide an example of a process improvement you implemented in accounts payable?
- How do you handle discrepancies or disputes with vendors?
- What steps do you take to ensure compliance with company policies and regulations?
- How do you manage the month-end and year-end closing processes?
- Can you describe your experience with ERP systems and accounting software?
- How do you prioritize tasks and manage your time effectively?
- What is your approach to developing and maintaining internal controls?
