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Accounts Payable Manager

Barclay Meade
Croydon, London, United Kingdom
Competitive Salary
Closing date
May 16, 2024

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Job Role
Accounts Payable
Contract Type
Full Time
Accounts Payable (P2P) Manager

Job Purpose
To manage and deliver a strong, efficient, and effective Accounts Payable (P2P) function in line with internal and external governance and regulations. Responsible for driving efficiency improvements working towards a completely paperless workflow from procurement-to-payment (P2P), enjoying same-day invoice approval and ensuring payments made consistently on time and within terms.
Strong customer service and communication skills are essential to develop and maintain strong relationships with suppliers and internal stakeholders to deliver a confident and consistent service.
Reports to: Head of Operational Finance.
Line Management: 3-6 individuals including AP Clerks and Central Finance Officers responsible for P2P processing.

Main Areas of Responsibility
* Ensure that purchasing administration from point of order through to payment is administered in line with agreed Service Levels. This includes expense, bursary and credit card management.
* Ensure Suppliers are informed and up to date with payments, striving to ensure positive supplier engagement as a baseline to securing favorable terms.
* In managing the Accounts Payable team:

Ensure that the creditors control accounts and purchase ledger are operated accurately, efficiently, and to agreed timescales, and ensure creditors are paid accurately and on time.
Ensure smooth operation of the payment process and adequate checks in place to ensure correct payments made.
Ensure that correct coding is in place to ensure that accounting information is correct and can be relied upon.* Ensure all employee expense processing and auditing is completed on time and in line with internal policies.
* To ensure timely problem and issue management in line with agreed service levels.
* Develop and maintain insightful management reporting on key performance indicators, providing confidence that key controls are maintained, visibility of adherence to agreed service levels, and tracking of overall performance improvements.
* Ensure a high level of data quality is maintained to ensure maximum effectiveness of end-to-end processing.
* Drive efficiencies and effectiveness of the team, processes, data, and systems to enable improvements in the end-to-end P2P workflow.
* Develop and lead an efficient and motivated team to delivery of accurate and timely P2P information and results.
* Communication and Stakeholder engagement - maintain effective communication with key stakeholders, developing strong and positive relationships.

Proven experience in similar Accounts Payable leadership roles.
Experience of processing high volume transactions across complex structures.
Knowledge of accounting and VAT principles is essential, enabling production of accurate VAT returns.
Experience of running & driving improvements within an Accounts Payable function.
Track record of managing and developing high performing teams.
Experience of Oracle Fusion or similar complex financial systems, e.g. SAP.

Strong ownership and accountability along with a positive can-do attitude.
Ability to assess performance from a holistic view, drawing out key areas for improvement and resolution.
Strong data analysis and problem-solving skills, utilizing information to identify areas of concern, root causes, and trends, driving improvements in overall performance and effectiveness.
Excellent customer service and communication skills required, ability to convey financial information to all staff members.
Uses time management techniques to plan and organize workload, managing peaks and troughs in workload.
Strong people management skills, establishing clear training and development plans for individuals and teams.
Strong communication and engagement skills.

Our client is seeking an experienced Accounts Payable Manager to join their team. If you have a strong finance background, experience in managing Accounts Payable teams, and a track record of driving process improvements, then we want to hear from you. Apply now

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