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We are seeking a highly organized and detail-oriented Accounts Payable Manager with experience in the manufacturing industry to join our team. This individual will oversee the accounts payable function, ensuring accurate and timely processing of vendor invoices, payments, and other financial transactions. The Accounts Payable Manager will collaborate closely with various departments, including procurement and finance, to maintain a smooth workflow and ensure compliance with company policies and industry regulations. The ideal candidate will have a strong background in manufacturing accounting processes and will play a critical role in optimizing financial operations within the company.
Job Responsibility:
Lead and manage the accounts payable team, providing guidance, training, and performance evaluations
Oversee the timely and accurate processing of vendor invoices, ensuring they are in compliance with company policies and contractual agreements
Review and approve payments to vendors, ensuring accurate cash management and that payment terms are adhered to
Reconcile vendor statements and resolve discrepancies promptly
Monitor and track purchase orders, ensuring correct allocation of expenses and inventory costs
Collaborate with the procurement department to verify receipt of goods and services, ensuring accurate and timely invoicing
Prepare and process weekly/monthly payment runs and report on payables status
Manage and maintain accurate and up-to-date vendor records and ensure the integrity of accounts payable data
Support month-end and year-end close processes by preparing necessary reports and journal entries
Ensure compliance with tax regulations, including withholding tax, sales tax, and other relevant regulations for manufacturing operations
Assist with audits and provide supporting documentation as required
Implement best practices to improve accounts payable processes, optimize cash flow, and enhance the efficiency of the AP function
Requirements:
Bachelor’s degree in Accounting, Finance, or a related field
Minimum of 5 years of experience in accounts payable, with at least 2 years in a managerial role
Prior experience in a manufacturing or industrial environment is highly preferred
In-depth knowledge of accounts payable processes, best practices, and accounting principles
Strong understanding of manufacturing accounting processes, including inventory, materials management, and cost accounting
Experience with ERP systems (e.g., SAP, Oracle, NetSuite, or similar) and advanced proficiency in Microsoft Excel
Strong analytical, problem-solving, and organizational skills
Excellent communication and interpersonal skills, with the ability to collaborate across various departments
High attention to detail and accuracy, with a proactive approach to resolving issues
Ability to handle a high volume of transactions and meet deadlines in a fast-paced environment
Knowledge of relevant regulations, such as sales tax, and ability to ensure compliance
Strong leadership skills with the ability to mentor and develop a team
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