Accounts Payable Team Lead
3 weeks ago
We are seeking an experienced Accounts Payable Team Lead to join our Finance Department. As a key player in the team, you will be responsible for overseeing the daily operations of the accounts payable function, managing internal reporting, and leading continuous improvement initiatives to enhance the efficiency and effectiveness of the AP processes.
Key Responsibilities- Lead and Supervise: Oversee the accounts payable function to ensure accurate processing and timely payment of invoices, including hands-on participation in AP processing to support the team's workload.
- Process Improvement: Drive continuous improvement across payables functions by implementing efficient operating processes and ensuring procedural documentation is up-to-date and accurate.
- Reconciliation and Reporting: Perform monthly reconciliation of supplier statements, general ledger accounting, and month-end close processes, ensuring the accuracy and integrity of financial information.
- Liabilities Management: Regularly review payables liabilities (e.g., Goods Received and Not Invoiced, Invoices Pending Receipt) to ensure accurate representation in the general ledger.
- Cash Flow Forecasting: Prepare and maintain Payables Cash Flow Forecasts, accurately representing expected outgoings, with clear identification and documentation of variances.
- Internal Reporting: Develop and produce timely internal reports and analyses, providing clear and accurate summaries derived from large volumes of complex data to assist management in decision-making.
- Compliance: Ensure the internal control environment is robust by monitoring approvals and work practices in line with specified procedures.
- Regulatory Reporting: Prepare and develop the monthly Payment Times Report for internal management, as well as the bi-annual Payment Times Report for the Payment Times Reporting Regulator.
- A minimum of 4-5 years in an Accounts Payable Team Lead or Senior Accounts Payable role.
- A strong understanding of accounting and finance standards, with extensive experience in managing and analyzing high volumes of data to identify, understand, and resolve complex issues.
- Proven ability to lead a team, drive process improvements, and maintain a high standard of accuracy and efficiency in a fast-paced environment.
- Flexibility: Enjoy the benefits of work-from-home flexibility (2 days WFH).
- Compensation: Competitive remuneration and attractive salary packaging options.
- Growth: Opportunities for Temp to Perm.
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