A publicly traded, international corporation is seeking an experienced Global Accounts Payable Manager to lead their global Shared Services team. The Global Accounts Payable Manager is responsible for managing and overseeing the accounts payable functions within a shared services center, ensuring accuracy and efficiency in processing invoices, payments, and vendor relations. The ideal candidate will have strong leadership skills, a thorough understanding of accounts payable processes, and experience in a shared services or centralized environment.
Key Responsibilities:
Team Leadership and Management:
- Lead, mentor, and manage a team of accounts payable professionals.
- Conduct regular performance evaluations and provide feedback to team members.
- Develop and implement training programs to enhance team skills and knowledge.
Accounts Payable Operations:
- Oversee the day-to-day operations of the accounts payable function, including invoice processing, payment approvals, and reconciliation of accounts.
- Ensure accurate and timely processing of vendor invoices and payments in accordance with company policies and procedures.
- Monitor and manage accounts payable aging reports to ensure timely payment and resolution of outstanding items.
Process Improvement:
- Identify areas for process improvement and implement changes to enhance efficiency and accuracy in the accounts payable function.
- Develop and maintain standard operating procedures (SOPs) for accounts payable processes.
- Leverage technology and automation to streamline accounts payable operations.
- Manage relationships with vendors, including resolving disputes and addressing payment inquiries.
- Ensure compliance with vendor terms and conditions, and maintain accurate vendor records.
- Review and approve vendor setup and changes to ensure accuracy and prevent fraud.
Compliance and Controls:
- Ensure adherence to internal controls, accounting policies, and regulatory requirements related to accounts payable.
- Support internal and external audits by providing necessary documentation and responses to auditor queries.
- Monitor and enforce compliance with company policies and industry regulations.
Reporting and Analysis:
- Prepare and review reports related to accounts payable performance, including metrics on payment timeliness and outstanding payables.
- Analyze accounts payable data to identify trends, variances, and opportunities for improvement.
- Provide insights and recommendations to senior management based on accounts payable performance.
- Collaborate with other departments, such as procurement and finance, to resolve issues and ensure smooth operations.
- Communicate effectively with stakeholders to address and resolve accounts payable-related queries.
Qualifications:
- Bachelor’s degree is required.
- Minimum of 5 years of experience in accounts payable, with at least 2 years in a managerial or supervisory role.
- Proven experience in managing accounts payable operations in a shared services or centralized environment.
- Strong understanding of accounts payable processes, internal controls, and financial regulations.
- Proficiency in accounts payable software and ERP systems (e.g., SAP, Oracle, NetSuite).
- Excellent organizational, analytical, and problem-solving skills.
- Strong leadership and interpersonal skills, with the ability to motivate and develop a team.
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