Assistant Manager Accounts Payable Job Description Template
The Assistant Manager Accounts Payable is responsible for managing the Accounts Payable team, ensuring invoices and payments are processed accurately and timely, and maintaining excellent vendor relationships. The role includes overseeing reconciliation processes, supporting financial audits, and enhancing payment workflows.
Responsibilities
- Supervise the Accounts Payable team and daily processing of invoices and payments.
- Ensure accurate entry and coding of invoices in the accounting system.
- Maintain relationships with vendors and resolve invoice discrepancies.
- Monitor cash flow requirements and prepare payment schedules.
- Reconcile monthly statements and identify areas for process improvements.
- Support month-end and year-end closing processes.
- Ensure compliance with company policies and relevant regulations.
- Assist in financial audits by providing necessary documentation and explanations.
- Implement and maintain efficient payment processes.
- Train and mentor team members on best practices.
Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field.
- Minimum of 3-5 years of experience in Accounts Payable or a similar role.
- Proven supervisory or leadership experience is preferred.
- Strong understanding of accounting principles and financial processes.
- Excellent organizational and time management skills.
- Strong attention to detail and problem-solving abilities.
- Ability to work under pressure and meet tight deadlines.
- Proficiency in accounting software and MS Office, particularly Excel.
Skills
- Accounts Payable management
- Vendor relationship management
- Invoice processing
- Reconciliation
- Cash flow management
- Financial auditing
- Process improvement
- MS Excel
- Accounting software
- Leadership
Frequently Asked Questions
An Assistant Manager Accounts Payable oversees the accounts payable department, ensuring timely payments to vendors. They manage invoice processing, verify bills, reconcile statements, and maintain accurate records. Their role involves supervising staff, implementing payment policies, and supporting financial audits. This ensures organizational financial integrity.
To become an Assistant Manager Accounts Payable, candidates typically need a bachelor's degree in finance, accounting or a related field. Relevant experience in accounts payable operations is essential. Strong analytical skills, proficiency in accounting software, and leadership capabilities are crucial. Additional certifications like CPA or CMA can be advantageous.
The average salary for an Assistant Manager Accounts Payable varies based on factors such as location, company size, and experience level. Typically, it is competitive within the finance sector. Companies consider additional benefits like bonuses and healthcare, which may enhance the overall compensation package.
Qualifications for an Assistant Manager Accounts Payable generally include a bachelor's degree in finance, accounting, or a related discipline. Relevant experience in accounts payable management and proficiency in accounting software are necessary. Strong communication skills, attention to detail, and leadership abilities are also important qualifications.
An Assistant Manager Accounts Payable must possess skills in financial analysis, leadership, and problem-solving. Responsibilities include managing accounts payable activities, ensuring timely vendor payments, reconciling accounts, and maintaining accurate financial records. Proficiency in accounting software and strong organizational skills are also required.