Job Summary:

The Payable Section Head is responsible for leading the accounts payable team to ensure timely and accurate processing of all supplier invoices, payments, and related transactions. This role plays a critical part in managing vendor relationships, safeguarding company assets, and maintaining compliance with internal controls and accounting standards. The ideal candidate will possess strong leadership skills, expertise in accounts payable processes, and a commitment to continuous improvement.

Key Responsibilities:

Team Leadership:

• Manage and supervise the accounts payable team, providing guidance and support to ensure effective performance.
• Conduct regular performance reviews, training, and development initiatives for team members.

Accounts Payable Management:

• Oversee the processing of all vendor invoices, ensuring adherence to company policies and accounting standards.
• Ensure timely and accurate payment processing, including check runs and electronic fund transfers.
• Maintain and reconcile accounts payable sub-ledger to the general ledger, resolving discrepancies as needed.

Vendor Relationship Management:

• Establish and maintain professional relationships with vendors, addressing inquiries and resolving issues promptly.
• Negotiate favorable payment terms and conditions with suppliers to optimize cash flow.

Compliance and Controls:

• Develop and implement policies and procedures for the accounts payable function to ensure proper internal controls.
• Ensure compliance with tax regulations and reporting requirements related to vendor payments.

Reporting and Analysis:

• Prepare and analyze accounts payable metrics and reports for management review, identifying trends and areas for improvement.
• Assist with month-end closing processes, ensuring all payables are accurately accounted for.

Process Improvement:

• Identify and implement process improvements to enhance efficiency and reduce errors in the accounts payable function.
• Stay updated on industry best practices and technology trends related to accounts payable.