Accounts Payable, Team Lead

Job Overview:

The Accounts Payable Team Lead is responsible for overseeing the accounts payable department's daily operations, ensuring the timely and accurate processing of invoices, expense reports, and payments. This role involves leading two accounts payable specialists, improving processes, maintaining compliance with company policies and best practices, as well as supporting treasury functions. The ideal candidate will demonstrate attention to detail, and a thorough understanding of accounting principles.

Key Responsibilities:

• Team Leadership:
• Supervise and mentor the accounts payable team, providing guidance, training, and performance feedback.
• Allocate tasks and workload among team members to ensure efficient operations.
• Foster a positive and collaborative work environment.
• Accounts Payable Operations:
• Oversee the accurate and timely processing of invoices, purchase orders, and expense reports.
• Ensure proper matching of purchase orders, invoices, and receipts.
• Manage the vendor payment cycle and ensure timely payments.
• Handle escalations and resolve complex accounts payable issues.
• Ensure compliance and understand of the procurement policy and process
• Process Improvement:
• Identify opportunities for process improvements and implement best practices to increase efficiency and accuracy.
• Develop and maintain accounts payable policies and procedures.
• Lead or participate in special projects related to accounts payable functions.
• Compliance and Reporting:
• Ensure compliance with company policies, financial regulations, and internal controls.
• Prepare and analyze accounts payable reports for management.
• Vendor payment and cash disbursement forecasting
• Assist with month-end and year-end closing processes, including reconciliations.
• Treasury:
• Process Intercompany cash transfers.
• Assist in managing banking relationships.
• Manage banking portal systems and templates.
  
  

Qualifications:

• Education and Experience:
• Formal training in Accounting, Finance, or a related field preferred.
• 5 years+ of experience in accounts payable. 2+ years in a supervisory or team lead role preferred.
• Skills and Abilities:
• Strong understanding of accounts payable processes and accounting principles.
• Proficient in accounting software (e.g., Oracle NetSuite) and Microsoft Office Suite, especially Excel.
• Excellent organizational and time management skills.
• Strong analytical and problem-solving abilities.
• Effective communication and interpersonal skills.
• Personal Attributes:
• Detail-oriented with a high level of accuracy.
• Ability to work independently and as part of a team.
• Proactive and adaptable to change.

Working Conditions:

• Highly flexible hybrid work structure.

#LI-TM1